Asante Gold has secured $500 million from UAE’s Fujairah Holdings for the forward sale of gold produced at its Bibiani mine. This funding will enable Asante to accelerate mining activities and complete the sulphide treatment plant, boosting gold production and recovery rates. The agreement covers gold deliveries from March 28, 2023, through June 28, 2025.
Asante Gold has secured $500 million from UAE’s Fujairah Holdings for the forward sale of gold produced at its Bibiani mine. An advance deposit of $100 million has already been paid to Asante’s subsidiary.
The Vancouver-based gold miner said it expects gold production at Bibiani to exceed 15,000 oz. per month by mid-year.
Mining Gold Finance Asante Gold Bibiani Mine
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