Established in 2011 under the Canada Business Corporations Act, Asante Gold Corporation (Asante) is an influential mining entity specialising in the exploration, evaluation, and development of mineral properties, primarily focusing on gold in Ghana. Headquartered at Suite 615, 800 West Pender Street, Vancouver, British Columbia, Canada, V6C 2V6, Asante is listed on the Canadian Securities Exchange (CSE) as “ASE” and the Ghana Stock Exchange (GSE) as “ASG”.
Asante has demonstrated its growth strategy through successful acquisitions, including the Mensin Bibiani Pty Ltd in 2021, resulting in a 90% stake in Mensin Gold Bibiani Ltd, owner of the Bibiani Gold Mine. This acquisition brought the mine back into operation, achieving its first gold pour by July 2022. Following this, in August 2022, Asante acquired all Red Back Mining Pty Ltd shares, gaining a 90% interest in Chirano Gold Mines Limited, which operates a commercially productive mine.
Moreover, Asante continually seeks new opportunities, actively engaging in exploration and evaluation activities on additional properties in Ghana, either owned or optioned. As with any mining enterprise, Asante faces inherent risks, from the economic viability of reserves and the requirement for additional financing to risks tied to foreign investment and political influence. Despite these challenges, the company’s persistence in securing interests, discovering economically recoverable reserves, and achieving profitable operations has kept it at the forefront of the industry. Its presence significantly contributes to the African gold mining sector.