Asante Gold Corporation (ASE) Financings
TSXV: ASE · Gold · Production stage
- Market cap$673.2M
- Share price$0.740
- 52-week range$0.620 – $2.56
- Shares outstanding909,769,178
- ExchangeTSXV
- Websitewww.asantegold.com
Asante Gold Corporation is a growing mid-tier gold producer, developer and explorer with a high-quality portfolio of assets located on two of West Africa's most prolific and prospective gold belts in Ghana. The Company operates the Bibiani and Chirano Gold Mines on the Sefwi-Bibiani Gold Belt in Ghana's Western North Region, where it holds an extensive and underexplored land position spanning more than 80 kilometres of strike. Asante is also advancing its Kubi Gold Project on the Ashanti Gold Belt, extending the Company's footprint across Ghana's most productive gold corridor. Committed to responsible mining and the creation of lasting value for its shareholders, people and host communities, Asante is listed on the TSX Venture Exchange, the Ghana Stock Exchange, and the OTCQX Market in the United States. Additional information is available on the Company's website at www.asantegold.com.
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Asante Gold Corporation financial statements
Key figures read from 36 of 37 financial statement filings, May 31, 2017 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Jan 2025 | Jan 2024 | Feb 2023 | Jan 2023 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$43,985 | US$25,953 | C$2,080 | US$2,106 | C$2,811 |
| Short-term investments | US$3,238 | US$1,430 | C$3,254 | US$4,654 | C$6,213 |
| Total current assets | US$231,594* | US$128,912* | C$128,287* | US$112,688* | C$150,440* |
| Exploration and evaluation assets | US$314,427 | US$258,648 | C$346,809 | US$297,629 | C$397,335 |
| Property, plant and equipment | US$342,235 | US$286,437 | C$384,486 | US$300,317 | C$400,924 |
| Total assets | US$939,461 | US$721,113 | C$915,639 | US$732,307 | C$977,632 |
| Debt | US$285,465 | US$17,897 | C$66,477 | US$35,199 | C$46,991 |
| Total liabilities | US$932,426 | US$686,269 | C$858,670 | US$633,202 | C$845,021 |
| Shareholders' equity | US$7,035 | US$34,844 | C$56,969 | US$99,105 | C$132,611 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Jan 2025 thousands | FY Jan 2024 thousands | FY Jan 2023 thousands | FY Jan 2022 | |
|---|---|---|---|---|---|
| Revenue | US$482,594 | US$458,876 | C$575,183 | C$274,729 | — |
| Cost of sales | US$537,670 | US$472,194 | C$717,931 | C$355,931 | — |
| General and administrative | US$46,974 | US$38,775 | C$38,770 | C$27,589 | C$2,376,547 |
| Share-based compensation | — | — | — | — | C$4,123,854 |
| Net income (loss) | (US$347,708) | (US$78,509) | (C$140,250) | (C$188,514) | (C$8,607,052) |
Cash flow statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Jan 2025 thousands | FY Jan 2024 thousands | FY Jan 2023 thousands | FY Jan 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$97,550) | US$158,555 | C$65,204 | C$246,140 | (C$2,265,845)* |
| Investing cash flow | (US$246,628) | (US$131,552) | (C$119,280) | (C$372,272) | (C$75,475,582)* |
| Financing cash flow | US$363,619 | (US$3,958) | C$52,120 | C$119,952 | C$82,341,228* |
| Exploration spending (capitalized) | (US$121,974) | (US$44,805) | (C$44,116) | (C$121,582) | (C$2,815,022) |
| Property, plant and equipment spending | (US$124,654) | (US$76,747) | (C$63,672) | (C$98,740) | (C$28,924,120) |
| Proceeds from share issues | US$171,964 | US$11,000 | C$27,348 | C$102,256 | — |
| Change in cash | US$18,032 | US$24,400 | (C$731) | (C$3,038) | C$5,370,380 |
| Cash at end of period | US$43,985 | US$25,953 | C$2,080 | C$2,811 | C$5,849,478 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Asante Gold Corporation financings
4 financings announced or closed by Asante Gold Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-30 | Asante Gold Corporation (ASE) | Private placement, non-brokered | Closed, 1 tranche | $13.8M | $1.60 | Asante Gold Closes Previously Announced Non-Brokered Private Placement |
| 2025-12-16 | Asante Gold Corporation (ASE) | Private placement, bought deal | Closed, 1 tranche | $179.4M | $1.60 | Asante Gold Announces C$125 Million Bought Deal Private Placement, C$13.8 Million Non-Brokered Private Placement, Access to US$30 Million Senior Debt Accordion |
| 2025-08-14 | Asante Gold Corporation (ASE) | Private placement, non-brokered | Closed, 1 tranche | $500.0M | $1.45 | Asante Announces Receipt of Net Proceeds from $125M Mezzanine, $50M Stream, $10M Non-Brokered Priv Ate Placement Financings, $5M Senior Debt First Utilization |
| 2025-08-11 | Asante Gold Corporation (ASE) | Private placement, bought deal | Announced | $500.0M | $1.45 | Asante Signs Definitive Agreements to Unlock Approximately $500M of Financing Proceeds |
Asante Gold Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Asante Gold Corporation has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-12-16 | Credit facility, proposed | BMO Capital | C$125M | — |
| 2025-10-08 | Convertible debenture, converted | — | US$80M | matures 2025-12-13 |
| 2025-08-25 | Credit facility, closed / funded | — | US$125M | matures 2025-12-14 |
| 2025-06-02 | Loan, closed / funded | — | US$10M | — |
| 2024-09-19 | Notes / bonds, proposed | — | US$400M | — |
| 2017-12-15 | Loan, repaid / settled | — | C$281,618 | — |