Asante Gold Corp (XCNQ:ASE)
C$ 1.29 -0.04 (-3.01%) Market Cap: 603.79 Mil Enterprise Value: 646.10 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 37/100

Asante Gold Corp at Precious Metals Summit - Beaver Creek Transcript

Sep 09, 2022 / NTS GMT
Release Date Price: C$1.15 (-4.17%)
Dave Anthony
Asante Gold Corporation - President & CEO

Hey, good morning. How does this work? There we go. Just to go through some of our highlights for the past year. We came to this meeting a year ago; we said we would be refurbishing Bibiani process plant, getting the mine going and we would be pouring gold by the third quarter.

We actually poured gold on July 7 this year. July, we printed about, -- let me think -- at Bibiani, in around 7,000 ounces. August was a little over 7,000. This month we're targeting 10,000. So Bibiani is on its way. It's working up the curve of getting the mill running the way we want it to run.

I think last month we had about an 89% availability, about 84% recovery, and everything's going the way we'd like it to go. The plan was refurbished to be robust. It's from a bolt up. It wasn't a 20-gallon overhaul. Around, I guess, April this year, we made a deal to take out Chirano, that's now in the group. And so this month, we'll be shipping about 22,000, 23,000 ounces.

And the look forward for the company is Bibiani is on a run to produce about 230

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