January 30 2025: “We are pleased to report a rapid increase in operational activities at the Bibiani mine, funded by the $100 million gold forward agreement with our key strategic partner Fujairah. This will more than double monthly gold production by February 2025, with additional catalysts for growth expected to follow over the course of the year supported by the Company’s financing plans that continue to advance.”  

Anthony earned a Bachelor of Science in Mining and Mineral Process Engineering from Queen’s University in Ontario in 1979. Throughout his career, he has held senior roles in major mining jurisdictions, including Canada, Ecuador, Brazil, Indonesia, Chile, Argentina, and across Africa. His expertise spans mine and process plant design, permitting, construction, and operations, with experience managing projects with capital expenditures ranging from US$100 million to US$3.6 billion and material movement up to 65 Mt per year. 

Anthony joined Asante as COO in July 2021 and was tasked with refurbishing the Bibiani Gold Mine in Ghana. In March 2022, he was appointed President and CEO, leading Asante through significant growth, including the acquisition of the Chirano Gold Mine from Kinross Gold. Under his leadership, Asante aims to achieve gold production exceeding 500,000 ounces per year by 2028. 

He has been pivotal in executing Asante's growth strategy, focusing on expanding operations at Bibiani and Chirano gold mines. A notable achievement under his leadership is securing a US$525 million financing package to fund expansion projects, settle existing debts, and strengthen the company's balance sheet. 

Anthony has also emphasized the importance of near-mine exploration, leading to significant resource additions at satellite deposits like Walsh and Grasshopper. These efforts have contributed to extending the life of mine at both Bibiani and Chirano. 

A proponent of sustainable mining practices, Anthony advocates for the integration of smart-mining technologies to enhance efficiency, safety, and environmental stewardship. He supports the use of advanced data analytics, automation, and real-time monitoring to optimize operations and reduce environmental impact. 

Under his leadership, Asante has strengthened its ESG initiatives, focusing on community engagement, environmental management, and the implementation of robust CSR programs. 

Anthony is also a strong advocate for Ghana's mining sector, highlighting the country's skilled workforce and efficient infrastructure. He notes that Ghana's talent pool is unmatched in Africa, with many Ghanaians holding senior positions in mining operations across the continent. At Asante, most of the workforce is Ghanaian, reflecting his commitment to local empowerment and capacity building. 

Asante Gold Corporation 

Asante is a Canadian-based gold exploration, development, and operating company with a strong focus on Ghana, West Africa's leading gold-producing country. Headquartered in Vancouver, Asante is publicly listed on the Canadian Securities Exchange (CSE: ASE), the Ghana Stock Exchange (GSE: ASG), and the Frankfurt Stock Exchange. 

Asante's portfolio includes two operating gold mines and several exploration projects, all strategically located on Ghana's prolific Bibiani and Ashanti Gold Belts: 

Bibiani Gold Mine: Situated in the Western North Region of Ghana, Bibiani is an open-pit gold mine with historical production exceeding 4.5 Moz. Asante commenced mining operations in late February 2022, achieving its first gold pour on July 7, 2022, and declaring commercial production on November 10, 2022. The site features a newly refurbished 3 Mtpa processing plant and existing mining infrastructure. 

Chirano Gold Mine: Located approximately 15 km from Bibiani, Chirano is an established gold mine that Asante acquired to enhance operational synergies. For the fiscal year ending January 31, 2024, Chirano is expected to produce between 145,000 and 155,000 oz of gold. 

Kubi Gold Project: This project is undergoing detailed technical studies aimed at early production. Kubi is strategically positioned on the Ashanti Gold Belt, further strengthening Asante's presence in the region. 

Exploration Projects: Asante is actively exploring several projects, including Keyhole, Fahiakoba, and Betenase, all located near Ghana's Golden Triangle. These projects are adjacent to or along strike of major gold mines, offering significant potential for new discoveries. 

Asante aims to become a top-tier gold producer by: 

Expanding production: Targeting an annual gold production of over 500,000 oz by 2028 through the development of underground mining at Bibiani and the exploitation of new satellite pits. 

Optimizing operations: Leveraging the proximity of Bibiani and Chirano mines to maximize efficiencies, with combined processing facilities offering over 7.5 Mt of milling capacity per year. 

Sustainable practices: Integrating high standards of environmental stewardship, community engagement, and governance into all operations. 

Asante is dedicated to conducting its operations in a socially responsible and environmentally sustainable manner. The company has adopted the International Finance Corporation Performance Standards and is guided by the International Council on Mining and Metals’ Mining Principles. 

In addition to its core operations, Asante has made strategic investments to expand its footprint in West Africa. Notably, the company invested approximately US$6.4 million in Roscan Gold Corporation to advance the Kandiole Gold Project in West Mali, acquiring about 6.3% of Roscan's outstanding common shares.