Asante Gold has agreed to non-binding terms on an amended repayment schedule with Kinross Gold Corporation in relation to the remaining consideration amounts due to Kinross in connection with the Company’s purchase of all of the issued and outstanding shares of Red Back Mining Pty Ltd. (now renamed Asante Chirano Australia Pty Ltd.) which indirectly holds a 90% interest in the Chirano Gold Mine. 

Kinross and Asante, according to a 24 September 2024 statement, expect to enter into a further amendment to its original share purchase agreement.

Asante Gold said it will issue full details on the amended repayment schedule when all the necessary documentation is finalised. 
 
Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana.

It is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project.

All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts.

The Company is listed on the Canadian Securities Exchange and the Ghana Stock Exchange.

Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.