Not for distribution to United States news wire services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to announce that it has entered into an agreement with BMO Capital Markets ("BMO"), pursuant to which BMO has agreed to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with BMO, the "Underwriters"), t ...

Core Viewpoint - Asante Gold Corporation reported challenges in gold production due to equipment mobilization issues at its Bibiani and Chirano mines, but anticipates improvements in Q4 2025 with new initiatives in place to enhance production levels [1][2][3]. Financial Performance - Revenue for Q3 2026 was $129.3 million, a 16% increase from $111.1 million in Q3 2025, primarily driven by a higher average gold price of $3,594 per ounce compared to $2,552 per ounce in the same period last year [10]. - Total comprehensive loss for Q3 2026 was $(215.2) million, compared to $(15.5) million in Q3 2025 [8]. - Adjusted EBITDA for Q3 2026 was $(6.4) million, down from $17.6 million in Q3 2025, reflecting lower gold sales and higher production costs [11]. Production and Operations - Gold equivalent production for Q3 2026 was 37,333 ounces, down from 45,273 ounces in Q3 2025, with gold sold decreasing to 35,982 ounces from 43,551 ounces [12][21]. - The all-in sustaining cost (AISC) increased to $4,574 per ounce in Q3 2026, compared to $2,347 per ounce in Q3 2025, driven by increased stripping requirements and lower grade ore processed [13][22]. Mine-Specific Updates Bibiani Mine - Material movement increased significantly, with total material mined up 318% in Q3 2026 compared to Q3 2025, marking the highest quarterly material mined in three years [16]. - The stripping ratio at Bibiani was approximately 49.4 in Q3 2026, compared to 16.1 in Q3 2025, indicating increased waste removal [14]. - Gold recovery rates improved from 60% to approximately 90% following the operation of the oxygen plant [3]. Chirano Mine - Ore processed increased by 15.3% in Q3 2026 compared to Q3 2025, attributed to stable power availability and plant throughput improvements [32]. - AISC for Chirano increased to $2,964 per ounce in Q3 2026 from $2,031 in Q3 2025, primarily due to lower gold production [34]. Strategic Initiatives - The company plans to enhance production capabilities at both mines, including the full mobilization of equipment and the construction of a road connecting Bibiani to Chirano, expected to be completed by Q2 2026 [23]. - Asante aims to produce between 215,000 and 245,000 ounces of gold at Bibiani in 2026, with a target of achieving annual consolidated gold production of approximately 500,000 ounces by 2028 [24][35]. Management Changes - Asante appointed Patrick Padmore as Vice President of Finance, bringing over 17 years of experience in the resource sector [37].

24‑hour operation achieved; optimization advancing toward ~92% gold recoveryVANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to provide an update on the ramp‑up of the new sulphide treatment plant (“STP”) at the Bibiani Gold Mine (“Bibiani”) in Ghana. Highlights Ramp‑up: Construction and commissioning are complete. Plant operations began on a 12‑hour basis on September 27, 2025, with continuou ...

Regarding Asante Gold Corporation ( ASE:CA ), hereinafter referred to as “Asante”, a signal is discernible, which, assuming we all agree, warrants a Buy rating. Recently listed on the Canadian stock market, there are high expectations forAlberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment ...

Core Viewpoint - Asante Gold Corporation is initiating the process to dual list its securities on the Australian Securities Exchange (ASX) to enhance its shareholder base and trading liquidity, aiming for a listing in early 2026 [1][2]. Company Overview - Asante Gold Corporation is a gold exploration, development, and operating company with a portfolio of projects and mines in Ghana, including the Bibiani and Chirano Gold Mines [3]. - The company is also conducting technical studies at its Kubi Gold Project and exploring additional projects such as Keyhole, Fahiakoba, and Betenase, all located in Ghana's Golden Triangle [3]. Listing Strategy - The dual listing on the ASX is intended to broaden Asante's investor base and increase visibility among Australian and Asia-Pacific investors, leveraging the strong mining-sector expertise in that market [2][3]. - The company has filed a Suitability Application with the ASX and is collaborating with Australian advisors to prepare the necessary listing materials [2]. Leadership Perspective - The President and CEO of Asante, Dave Anthony, emphasized that the ASX listing will align Asante with peer African and global gold producers, aiming to expand the institutional shareholder base in Australia [3].

Core Points - Asante Gold Corporation held its annual general and special meeting of shareholders on October 21, 2025, with approximately 52% of outstanding common shares represented [1] - All matters presented for approval by management were duly authorized and approved, including the fixing of the number of directors, appointment of auditors, and approval of incentive plans [1][3] Voting Results - The resolution to fix the number of directors at seven was approved with 373,256,704 votes for (100%) and 1,605 votes against [2] - The appointment of auditors received 373,256,704 votes for (100%) with 1,605 votes withheld [2] - The Omnibus Equity Incentive Plan was approved with 349,100,456 votes for (99.68%) and 1,117,932 votes against [2] - The Employee Share Purchase Plan was approved with 320,412,590 votes for (91.49%) and 29,805,798 votes against [2] Election of Directors - Bashir Akwasi Ahmed was elected with 281,855,663 votes for (80.48%) and 68,362,725 votes withheld [2] - David Anthony was elected with 327,736,313 votes for (93.58%) and 22,482,075 votes withheld [2] - Malik Easah was elected unanimously with 350,217,663 votes for (100%) [2] - Other directors elected include Alex Heath, Alireza Abbassi Monjezi, Roger Norwich, and Alexander Smirnov with varying levels of support [2] Security Based Compensation Plans - Shareholders approved the Omnibus Plan, which is a "rolling" 10% plan allowing for various types of equity grants [5] - The Employee Share Purchase Plan (ESPP) is a "fixed" plan allowing for the issuance of up to 6,000,000 common shares to eligible employees [5] - The total number of common shares reserved for these plans must not exceed 10% of the company's total issued and outstanding common shares [5] Company Overview - Asante Gold Corporation is engaged in gold exploration, development, and operations, with projects and mines located in Ghana [6] - The company operates the Bibiani and Chirano Gold Mines and is conducting studies at the Kubi Gold Project [6] - Asante is exploring additional projects including Keyhole, Fahiakoba, and Betenase, all situated in Ghana's Golden Triangle [6]

Core Insights - Kinross Gold Corporation has converted a secured convertible debenture worth approximately $80 million into common shares of Asante Gold Corporation, resulting in the issuance of 61,735,867 shares at a price of C$1.81 per share ($1.30) [1][2] Group 1: Financial Impact - The conversion extinguishes all obligations related to the debenture, meaning it is no longer outstanding [1] - Following the conversion, Kinross's ownership stake in Asante increased to approximately 13–18% on a partially diluted basis, up from a previous ownership of 5.2% (non-diluted) and 9.4% before a prior sale in September 2025 [3] Group 2: Company Overview - Kinross Gold Corporation operates gold mines across the Americas and West Africa, with core assets including the Tasiast mine in Mauritania, Paracatu in Brazil, and La Coipa in Chile [4] - The company also has development-stage projects such as Manh Choh in Alaska, primarily offering gold bullion and silver by-products [4]

Core Points - Asante Gold Corporation is reminding shareholders about the upcoming meeting due to the suspension of postal services in Canada caused by a labor strike, which began on September 25, 2025 [1][2] - The meeting is scheduled for October 21, 2025, at 10:00 a.m. Toronto time, and will cover various resolutions including the election of directors and the appointment of auditors [4][9] Meeting Details - Date and Time: October 21, 2025, at 10:00 a.m. (Toronto time) [4] - Location: 100 King Street West, Suite 3400, Toronto, Ontario, Canada [4] - Matters to be voted on include: 1. Fixing the number of directors at seven [4] 2. Electing directors for the ensuing year [4] 3. Appointing the auditor and authorizing directors to fix the auditor's remuneration [4] 4. Approving the Company's omnibus equity incentive plan [4] 5. Approving the Company's employee share purchase plan [4] 6. Transacting other business as may properly be brought before the meeting [4] Access to Meeting Materials - Due to the ongoing strike, shareholders in Canada are encouraged to access proxy-related materials electronically on SEDAR+ and the Company's website [2][5] - Non-Canadian shareholders are not expected to be affected by the strike regarding the delivery of meeting materials [2] Voting Instructions - Shareholders can vote their shares either by proxy or in person, with specific instructions provided for both registered and beneficial shareholders [6][12] - Votes must be submitted by 10:00 a.m. on October 17, 2025, although the Company will accept late votes as required by Coordinated Blanket Order 51-932 [9][12] Company Overview - Asante Gold Corporation is engaged in gold exploration, development, and operations, with projects located in Ghana, including the Bibiani and Chirano Gold Mines [11] - The Company is actively exploring additional projects such as Keyhole, Fahiakoba, and Betenase, all situated in Ghana's prolific gold belts [11]

Core Insights - TMX Group reported significant financing activity on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for September 2025, highlighting a notable increase in total financings raised compared to previous months and the same month last year [2][4]. TSX Summary - In September 2025, TSX welcomed 29 new issuers, a decrease from 44 in August 2025 but an increase from 13 in September 2024 [2]. - Total financings raised in September 2025 reached approximately $1.34 billion, marking a 354% increase from the previous month and a 120% increase from September 2024 [5]. - The total number of financings in September 2025 was 55, down from 62 in August 2025 but up from 31 in September 2024 [5]. - Year-to-date statistics show 225 new issuers listed in 2025, a 94% increase from 116 in 2024, and total financings raised year-to-date reached approximately $11.34 billion, a decrease of 11.9% from 2024 [6]. TSXV Summary - TSXV had three new issuers in September 2025, compared to one in August 2025 and five in September 2024 [4]. - Total financings raised in September 2025 were approximately $630 million, a decrease of 22% from the previous month but an increase of 63% from September 2024 [7]. - The total number of financings in September 2025 was 119, down from 124 in August 2025 but up from 94 in September 2024 [7]. - Year-to-date statistics indicate 27 new issuers listed in 2025, a decrease of 30.8% from 39 in 2024, with total financings raised reaching approximately $5.46 billion, a 67.3% increase from 2024 [8]. New Listings - Notable new listings on TSX in September 2025 included various ETFs and consumer products companies, such as BetaPro ETFs and Canada Packers Inc. [9][10]. - On TSXV, new listings included mining companies like Asante Gold Corporation and Pecoy Copper Corp. [11].

Core Points - Asante Gold Corporation is informing shareholders about the upcoming meeting amidst a national labor strike affecting Canada Post, which may impact the delivery of proxy materials [1][3][7] - The meeting is scheduled for October 21, 2025, at 10:00 a.m. Toronto time, and will be held in person at a specified location in Toronto [5][10] - Shareholders will vote on several key matters, including the election of directors, appointment of auditors, and approval of equity incentive and employee share purchase plans [6][2] Meeting Details - Date and Time: October 21, 2025, at 10:00 a.m. (Toronto time) [5] - Location: 100 King Street West, Suite 3400, Toronto, Ontario, Canada [5] - Matters to be voted on include fixing the number of directors at seven, electing directors, appointing auditors, and approving incentive plans [6] Proxy Voting Information - Due to the labor strike, shareholders are encouraged to access proxy materials electronically via SEDAR+ or the company's website [3][7] - Voting instructions are provided for both registered and beneficial shareholders, with deadlines for proxy submission set for October 17, 2025, at 10:00 a.m. [8][10][13] Company Overview - Asante Gold Corporation is engaged in gold exploration and development, operating the Bibiani and Chirano Gold Mines in Ghana [11] - The company is also involved in ongoing technical studies at the Kubi Gold Project and exploring additional projects in Ghana's Golden Triangle [11]