Asante Gold (TSE:ASE) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Asante Gold Corporation has secured a US$500 million gold forward purchase agreement with Fujairah Holdings, which will finance the company’s mining activities and completion of its sulphide treatment plant. The agreement involves a rotating financing of US$100 million over two years, with gold deliveries priced at a 7% discount to market rates. This strategic move is expected to boost Asante’s gold production significantly.
For further insights into TSE:ASE stock, check out TipRanks’ Stock Analysis page.
