(Kitco News) - Asante Gold (CSE:ASE) announced Thursday that the Bibiani gold mine ramp up remains on track and commercial production has been established with three months of consistent production since the first gold pour was completed in early July 2022.
The company said that gold production in September was above 9,300 ounces, 17% above the company's start up plan. October production was 9,910 ounces, 15% above plan. Gold production will continue to ramp up to ~20,000 oz per month by early 2023.
President and CEO Dave Anthony stated, "We are very pleased with the progress that has been achieved at Bibiani. Over the past 12 months the Bibiani mine team has established a track record of over achievement and we look forward to increasing the value of this asset. As we gather momentum at the Bibiani mine, and advance with exploration activities and production improvement initiatives, we look forward to providing further updates."
Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano gold mines with a combined forecast production of 335,000 oz of gold over the next 12 months. The company continues with detailed technical studies at its Kubi gold project for early production.
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