Complete financial analysis of Asante Gold Corporation (ASGOF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Asante Gold Corporation, a leading company in the Gold industry within the Basic Materials sector.
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Asante Gold Corporation (ASGOF)
About Asante Gold Corporation
Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in the Republic of Ghana. It holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; and 90% interest in the Bibiani gold mine located in the western region of Ghana. The company also has an option to acquire a 100% interest in the Betenase permit located in Ghana; 90% interest in the Kubi Mining lease located in southwest Ghana; and 100% interest in the Keyhole Gold project. Asante Gold Corporation was incorporated in 2011 and is based in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 575.18M | 274.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 717.93M | 355.93M | 1.17M | 0.00 | 0.00 | 0.00 | 225.00 | 878.00 | 951.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -142.75M | -81.20M | -1.17M | 0.00 | 0.00 | 0.00 | -225.00 | -878.00 | -951.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | -24.82% | -29.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 30.89M | 49.48M | 7.99M | 642.89K | 486.79K | 575.66K | 946.54K | 1.35M | 789.01K | 672.95K | 788.78K | 1.08M | 1.24M |
| Selling & Marketing | 1.09M | 1.03M | 197.57K | 20.11K | 53.15K | 15.50K | 27.90K | 69.76K | 61.17K | 11.82K | 39.59K | 108.67K | 0.00 |
| SG&A | 31.70M | 50.51M | 8.19M | 663.01K | 539.94K | 591.16K | 974.44K | 1.42M | 850.18K | 684.77K | 788.78K | 1.19M | 1.24M |
| Other Expenses | -2.77M | -3.41M | 0.00 | 0.00 | 0.00 | 0.00 | 225.00 | 878.00 | 951.00 | 1.26K | 755.00 | 676.00 | 9.00 |
| Operating Expenses | 28.93M | 53.92M | 8.19M | 663.01K | 539.94K | 591.16K | 974.66K | 1.42M | 851.14K | 686.03K | 789.54K | 1.19M | 1.24M |
| Cost & Expenses | 760.42M | 409.85M | 9.36M | 663.01K | 539.94K | 591.16K | 974.66K | 1.42M | 851.14K | 686.03K | 789.54K | 1.19M | 1.24M |
| Interest Income | -7.82M | 2.36M | 113.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 435.00 | 0.00 | 0.00 |
| Interest Expense | 22.98M | 9.62M | 112.83K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 435.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 122.12M | 78.18M | 1.17M | 614.78K | 496.52K | 12.35K | 225.00 | 878.00 | 951.00 | 1.26K | 755.00 | 676.00 | 9.00 |
| EBITDA | -26.05M | -56.94M | -7.32M | -58.39K | -4.87K | -589.72K | -812.94K | -1.19M | -851.91K | -710.21K | -789.47K | -1.19M | -1.24M |
| EBITDA Ratio | -4.53% | -20.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -181.52M | -130.78M | -9.36M | -652.84K | -578.48K | -591.16K | -974.66K | -1.42M | -851.14K | -686.03K | -789.54K | -1.19M | -1.24M |
| Operating Income Ratio | -31.56% | -47.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -43.11M | -45.72M | 755.58K | -20.32K | -4.88K | 1.44K | 308.77K | 526.22K | -1.73K | -25.44K | -680.00 | -6.90K | -593.00 |
| Income Before Tax | -224.63M | -176.50M | -8.61M | -673.17K | -501.40K | -589.72K | -665.89K | -896.13K | -852.86K | -711.47K | -790.22K | -1.19M | -1.24M |
| Income Before Tax Ratio | -39.05% | -64.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -84.38M | 12.01M | -16.35K | 10.16K | -38.54K | -2.89K | -308.77K | -526.22K | 1.73K | 25.44K | 680.00 | 6.90K | 593.00 |
| Net Income | -132.15M | -177.13M | -8.48M | -683.33K | -462.86K | -589.72K | -665.89K | -896.13K | -852.86K | -711.47K | -790.22K | -1.19M | -1.24M |
| Net Income Ratio | -22.98% | -64.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.31 | -0.53 | -0.05 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.04 | -0.03 | -0.04 | -0.06 | -0.06 |
| EPS Diluted | -0.31 | -0.53 | -0.05 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.04 | -0.03 | -0.04 | -0.06 | -0.06 |
| Weighted Avg Shares Out | 426.29M | 334.47M | 179.44M | 72.91M | 60.27M | 57.16M | 47.31M | 35.54M | 22.53M | 22.48M | 22.37M | 19.94M | 20.11M |
| Weighted Avg Shares Out (Dil) | 430.46M | 334.47M | 179.44M | 72.91M | 60.27M | 57.16M | 47.31M | 35.54M | 22.53M | 22.48M | 22.37M | 19.94M | 20.11M |
Asante Announces Correction to Press Release
VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (“Asante” or the “Company” CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) announces a correction to the voting numbers and percentages included in its press release announcing the results...
Asante Announces Filing of Meeting Materials for Annual General Meeting of Shareholders
VANCOUVER, British Columbia, April 02, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) is pleased to announce that it has filed all Meeting materials in advance of its Annual General...
Asante Announces Mineral Resource Extension for the Grasshopper Starter Pit Development for Bibiani Gold Mine
VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the "Company") is pleased to announce the extension of the Grasshopper Pit mineral resource estimate (“MRE”). The Grasshopper Pit...
Asante Announces Additional Significant Drill Results at Aboduabo Prospect, Chirano Gold Mine, Ghana
VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the "Company") is pleased to announce results from its ongoing exploration drilling program at the Aboduabo prospect located on our...
Asante Announces South Russel Maiden Resource and Starter Pit Development at Bibiani Gold Mine
VANCOUVER, British Columbia, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) is pleased to announce a Maiden Mineral Resource Estimate (“MRE”) for the recently discovered South Russel prospect (“South...
Asante Gold investors reap huge reward as yearly gold production on path to top 500,000 ounces
Asante Gold's (Asante Gold Corp (CSE:ASE, OTC:ASGOF)) long-time shareholders have seen stock price appreciation most investors can only dream of — nearly 1,700% in a little more than two years. The mid-tier gold miner owns two mines in Ghana that...
Asante expects to produce ~400,000 ounces of gold in 2023 at its mines in Ghana
(Kitco News) - Asante Gold (CSE: ASE) announced Monday that for the three months ended October 31, 2022, the company produced and sold 53,503 ounces of gold and recorded revenue of C$116.3 million, with cash balance of C$74.9 million reported...
Asante says in exclusive talks with Kinross to purchase Chirano gold mine in Ghana
(Kitco News) - Asante Gold (CSE: ASE) said today that it has entered into an exclusivity agreement with Kinross Gold to negotiate the potential purchase of all of their interests in Ghana, including its 90% interest in the Chirano gold...
Asante announces $100 million financing for its Bibiani gold mine in Ghana
(Kitco News) - Asante Gold (CSE: ASE) said today it has received significant investor interest in a private placement of common shares of the company to raise up to US$100 million at a price of CAD$1.75 per common share.
Metso Outotec Metallurgical Results Received
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Source: https://incomestatements.info
Category: Stock Reports