<\/p>\n
The capital is set to improve the company’s mining activities and support its expansion in the area.<\/p>\n
Asante Gold has unveiled plans to raise $525m through a two-stage financing package to support expansion and operational improvement strategies at its Ghanaian gold mines.<\/p>\n
The company noted that the first stage of funding, amounting to $325m, is set to enable the company to embark on significant capital projects.<\/p>\n
These include a pit expansion and the construction of a new sulphide plant at the Bibiani mine, equipment upgrades at Chirano and underground development at both sites.<\/p>\n
The initial funding round includes a $100m equity private placement, a refinancing deal of approximately $100m with Kinross Gold, a $75m bond funded by Ghanaian investors and a $50m syndicated gold stream facility.<\/p>\n
These funds are expected to enhance the company\u2019s mining operations and contribute to its growth in the region.<\/p>\n
The second phase of funding, totalling $200m, will comprise a $150m senior debt facility arranged by FirstRand Bank and a $50m standby equity commitment from an undisclosed strategic investor.<\/p>\n
This additional capital will further support Asante Gold\u2019s objective to organically increase its gold production, leveraging the estimated 6.6 million ounces of gold resources across the Bibiani and Chirano mines.<\/p>\n
Last month, Asante Gold revealed a deal for equity financing with a strategic investor.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The capital is set to improve the company’s mining activities and support its expansion in the area. Asante Gold has unveiled plans to raise $525m through a two-stage financing package to support expansion and operational improvement strategies at its Ghanaian gold mines. The company noted that the first stage of funding, amounting to $325m, is […]<\/p>\n","protected":false},"author":1,"featured_media":2836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Gold-mining-33-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Gold-mining-33-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Gold-mining-33-300x209.jpeg",300,209,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Gold-mining-33.jpeg",1366,953,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2834"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2834\/revisions"}],"predecessor-version":[{"id":2837,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2834\/revisions\/2837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2836"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}