By: Creamer media

This compares to adjusted Ebitda of $58-million in the year ended January 31, 2025.

The group’s net attributable loss was, however, $345-million in the year under review, compared with a net attributable loss of $62-million in the prior year owing to an increase in cost of sales, operating expenses and other costs resulting from the company’s financing package.

In August 2025 the group completed a $500-million financing package to support the development and expansion of the Bibiani and Chirano gold mines in Ghana. The company targets gold production of more than 500 000 oz/y by 2028.

Asante’s net loss per share amounted to $0.55 in the reporting period, compared with a net loss per share of $0.16 having been posted in the 2024 financial year.

The company produced 146 571 oz of gold equivalent in the 2025 financial year, compared with 189 600 oz having been produced in the prior financial year.  

Asante owns and operates the Bibiani gold mine where openpit mining activity continues to ramp up at the Main and Russel pits, respectively. The mine recorded its highest material movement rate in three years during the fourth quarter of the 2025 financial year.

The company is working on mitigating issues of lower equipment availability, dewatering constraints and management of subsurface voids in the Main pit which should result in more ounces of production.

Notably, Asante’s revenue for the period was $483-million from the sale of 143 138 oz, compared with revenue of $458-million from the sale of 190 985 oz in the prior year. The increase was owing to a higher average gold price realised in the reporting period of $3 372/oz.

The company had cash on hand of $44-million as of December 31, 2025.