Asante’s president and CEO Dave Anthony said the proceeds from the equity issue would also be put towards “acquisition opportunities” as well as refinancing of liabilities.
The Vancouver-based company has a high-quality portfolio of projects and mines in Ghana, where it operates Bibiani and Chirano mines and continues with detailed technical studies at its Kubi gold project.
The miner is aiming to boost its gold output this year, with plans to produce 100,000 ounces from Bibiani and 165,000 ounces from Chirano.
To meet its targets, Asante is upgrading its operations at both sites. At the Bibiani mine, the company is installing new crushing equipment to increase ore processing capacity from 3.3 million tonnes per annum (Mtpa) to 3.6 Mtpa.
At Chirano, Asante plans to install a tertiary crusher, raising throughput from the current 3.4-3.7 Mtpa to 4 Mtpa. This upgrade is expected to boost Chirano’s annual gold production…
