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Asante Gold Corp. reports a 15% revenue rise to $111 million, driven by higher gold prices.
Asante Gold Corp. reported a 15% rise in revenue to $111 million for the quarter ending October 2024, up from $96 million in the same period last year.
The increase is mainly due to a higher average gold price of $2,347 per ounce, up from $1,859.
Despite a slight decrease in production, the company's adjusted EBITDA also improved significantly to $17,552 and $50,423 for the three and nine months, respectively, compared to $1,968 and negative $19,457 last year.
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Asante Gold Corp. reporta un aumento del 15% en los ingresos a $111 millones, impulsado por los precios más altos del oro.