Asante Gold Corp. reported a Q2 2024 revenue increase of 12% to $113 million, driven by higher gold prices and lower mining costs.

Asante Gold Corp. reported a strong fiscal Q2 2024, with revenue increasing 12% to $113 million, driven by higher gold prices and lower mining costs. Adjusted EBITDA rose to $19,844, a significant turnaround from a loss of $6,518 in the same quarter last year. For the six months ending July 31, 2024, revenue totaled $228 million, up 14% year-over-year. The company also improved cost efficiencies at its Bibiani and Chirano mines.

September 13, 2024
5 Articles

Further Reading