Asante Gold Reports Revenue Surge in FY2024

Asante Gold (TSE:ASE) has released an update.

Asante Gold Corporation reports a significant revenue increase to $575 million in FY2024, up 109% from the previous year, bolstered by a full year of production at the Bibiani and Chirano mines and a 73% increase in gold production. Despite this, the company faced a total comprehensive loss of $130 million, though it marked an improvement from the $160 million loss in FY2023. The final quarter of 2024 also saw Asante achieve its first positive adjusted EBITDA and comprehensive income, aided by higher gold prices.

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