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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Earnings Material −

Asante Reports Fourth Quarter and FY2025 Results

By The Northwire Desk — AI Analysis Apr 01, 2026 · 08:00 ASE · 1.15 Asante Gold Corporation
ASE · Price

Executive Summary

  • Asante Gold filed its Q4 2025 and FY 2025 financial statements and MD&A, reporting $483 M revenue, a net loss of $345.4 M for the 11‑month period, and Adjusted EBITDA of $33.4 M.
  • Production fell year‑over‑year: total gold equivalent output declined to 146,571 oz (FY 2025) from 189,600 oz (FY 2025‑Jan), while AISC rose to $4,220/oz due to higher stripping and lower ore grades.
  • The company launched a comprehensive operational and strategic review of its Bibiani and Chirano mines for 2026, targeting improved reliability, integration, and capital discipline; formal 2026 guidance will be issued after the review.

Key Details

  • Financial Highlights (FY 2025 vs FY 2025‑Jan):
  • Revenue: $483.0 M vs $458.9 M.
  • Total comprehensive loss: $345.4 M vs $62.6 M.
  • Adjusted EBITDA: $33.4 M vs $58.1 M.

  • Cash on hand at 31 Dec 2025: $44.0 M.

  • Production Highlights (FY 2025):

  • Gold equivalent produced: 146,571 oz (down from 189,600 oz).
  • Gold sold: 143,138 oz (down from 190,985 oz).
  • Consolidated average gold price realized: $3,372/oz (up from $2,403/oz).

  • All‑in sustaining cost (AISC): $4,220/oz (two‑month) and $3,902/oz (11‑month), higher than prior periods.

  • Bibiani Mine – FY 2025:

  • Total material mined: 53.7 Mt; waste mined 51.99 Mt; ore mined 1.69 Mt.
  • Gold equivalent produced: 50,497 oz; sold: 46,487 oz.
  • AISC: $6,036/oz (FY 2025) vs $2,661/oz (FY 2025‑Jan).

  • Recovery fell to 64.9% in FY 2025 from 65.9%; main issues were equipment availability and dewatering constraints.

  • Chirano Mine – FY 2025:

  • Total material mined: 9.29 Mt; waste mined 8.32 Mt; ore mined 0.97 Mt (open pit) + 1.62 Mt (underground).
  • Gold equivalent produced: 96,074 oz; sold: 96,651 oz.
  • AISC: $2,877/oz (FY 2025) vs $1,939/oz (FY 2025‑Jan).

  • Average ore grade declined to 1.11 g/t (from 1.40 g/t); recovery at 83%.

  • Operational & Strategic Review (2026 Outlook):

  • Focus areas: operational reliability, integration of mining and processing, capital discipline.
  • Bibiani: addressing equipment availability, southeastern wall slip sequencing, sulphide treatment circuit ramp‑up; remediation works completed, higher‑grade material access expected H2 2026.

  • Chirano: accelerating underground development, fleet reliability, plant upgrades, open‑pit integration; new Epiroc equipment delivery delayed but now largely in place.

  • Management Changes: Appointment of COO Campbell Baird (referenced from March 11 2026 release).

  • Forward‑Looking Statements: Company will provide formal 2026 guidance after review completion; expectations include higher gold recovery, increased tonnes and grade to Chirano plant, and disciplined capital spending.

Notable Quotes

  • “2025 was a pivotal year for Asante… completed our Financing Package, which strengthened our balance sheet…” – Dave Anthony, President & CEO
  • “Our immediate priority is to transition both operations from periods of improving performance to consistent, repeatable delivery.” – Dave Anthony, President & CEO

All non‑material boilerplate and forward‑looking disclaimer text omitted.

Read the original news release →

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