Asante Gold Corporation (ASGOF)
Market Closed
8 Dec, 20:00
OTC PINK OTC PINK Primary $
1. 63
-0.04
-2.4%
$
492.62M Market Cap
- P/E Ratio
0% Div Yield
5,630 Volume
- Eps
$ 1.67
Previous Close Day Range
1.59 1.66
Year Range
0.6 1.85
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Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk
Asante Gold Corporation is rated Buy, driven by a robust gold price outlook and a transformative $500M financing package enabling rapid production growth. ASE:CA targets a leap from small to mid-sized producer, aiming for 450,000–500,000 ounces/year, leveraging synergies between Bibiani and Chirano mines. Despite a $580M working capital shortfall, secured financing and anticipated margin improvements underpin the investment thesis, though risk remains elevated.
Seekingalpha | 2 hours ago
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