A $500 million financing package completed by Asante Gold Corporation has accelerated growth at its mines in Bibiani and Chirano.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Asante Gold Corporation has completed a $500 million financing package aimed at accelerating growth at its Bibiani and Chirano mines, positioning the company to reach annual gold production of over 500,000 ounces by 2028.

In a statement, the company confirmed it had received the net proceeds from a $125 million second drawdown under its $150 million senior debt facility.

A $5 million first utilization under the facility was completed on August 14, 2025, while a $20 million revolving credit facility is now fully available.

Source: newsthemegh.com