Asante Gold Corporation filed its Annual Information Form (AIF) for the eleven-month period ended 31 December 2025 on 31 March 2026, providing the most comprehensive official account of a transformative year that saw the Ghana-focused gold miner raise more than half a billion United States dollars, restructure its debt, and begin a leadership transition.
The filing, dated the same day the company entered into a waiver amendment agreement with its senior lenders under its accordion facility, confirms that the amended agreement adjusts the liquidity requirements and performance tests originally set under a waiver letter signed on 22 December 2025. The original waiver had required Asante to maintain minimum liquidity of US$40 million and satisfy certain production-linked performance tests through early 2026.
The AIF formally documents the company’s change of financial year-end from 31 January to 31 December, a shift the company approved on 19 December 2025 to align its reporting cycle with peers in the global mining industry. The eleven-month fiscal 2025 period covered by the AIF is therefore a transitional reporting period.
As at 31 December 2025, Asante employed 1,452 people across its operations in Ghana. The company operates two producing mines, the Bibiani Gold Mine and the Chirano Gold Mine, both located on Ghana’s prolific Bibiani and Ashanti Gold Belts, with the two sites sitting approximately 15 kilometres apart in Western Ghana.
The AIF also formally records the January 2026 completion of a Definitive Feasibility Study (DFS) for the Bibiani underground mine. The DFS outlined mining of 11.93 million tonnes of ore at 2.36 grams per tonne, an initial capital cost of US$116 million over two years, and projected gold production of 798,000 ounces at an all-in sustaining cost (AISC) of US$1,035 per ounce. The post-tax net present value (NPV) at a five percent discount rate was assessed at US$516 million, with an internal rate of return (IRR) of 71 percent at a US$2,500 per ounce gold price.
The document also formally records the company’s December 2025 announcement that it had commenced the process to seek a dual listing on the Australian Stock Exchange (ASX), a move targeted for around the end of the second quarter of 2026. The company is already listed on the TSX Venture Exchange (TSXV) under the symbol ASE, on the Ghana Stock Exchange (GSE) under the symbol ASG, and on the OTCQX Best Market under the symbol ASGOF.
On the leadership front, the AIF records the 11 March 2026 appointment of Campbell Baird as Chief Operating Officer and the retirement of President and Chief Executive Officer Dave Anthony, effective 15 May 2026. A formal search for a new Chief Executive Officer is underway.
