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(Kitco Information) – Asante Gold (CSE: ASE) introduced Monday that for the three months ended October 31, 2022, the corporate produced and offered 53,503 ounces of gold and recorded income of C$116.3 million, with money stability of C$74.9 million reported at October 31, 2022.
The corporate mentioned that in November 2022, the Bibiani gold mine’s ramp up is on monitor with ~230,000 tonnes of ore processed, 18% above plan, whereas Chirano achieved goal manufacturing ranges with ~265,000 tonnes of ore processed.
Asante additionally reported consolidated preliminary gold manufacturing of 23,760 ounces in November 2022, with 24,562 ounces delivered to refinery. Gold offered within the month totaled 29,550 gold equal ounces.
Importantly, based on a press launch, Asante recognized synergies between Chirano and Bibiani (~15 km aside) of roughly $5.5 to $7 million per yr, with associated initiatives scheduled to be rolled out via Q2 2023. Asante closed Chirano acquisition on August 10, 2022.
The corporate additionally mentioned it initiated a Chirano enterprise enchancment plan concentrating on 30% improve in manufacturing and 10% lower in AISC for calendar 2024, including that Bibiani and Chirano gold mines have mixed forecast manufacturing of roughly 400,000 ounces of gold for 2023.
Asante is a gold exploration, improvement and working firm with a portfolio of tasks and mines in Ghana. Asante is at the moment working the Bibiani and Chirano gold mines and exploring its Keyhole, Fahiakoba and Betenase tasks for brand spanking new discoveries.
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