• Asante Gold to debut on TSX Venture Exchange September 24
• Company delists from CSE, keeps Ghana, Frankfurt, U.S. listings
• Aims for 500,000 oz gold output in Ghana by 2028
Asante Gold, the operator of Ghana's Bibiani and Chirano gold mines, announced Monday, September 22, that its shares will begin trading on the Canadian TSX Venture Exchange (TSXV) at the market open on Wednesday, September 24. The move, which was initially planned for August, is expected to give the company access to a broader base of Canadian investors as it pursues growth in Ghana.
As part of the transition, Asante Gold's shares will be voluntarily delisted from the Canadian Securities Exchange (CSE), where they are currently traded. The company’s shares will remain listed on the Ghana Securities Exchange (GSE), the Frankfurt Stock Exchange (FSE), and the U.S. OTC Market.
"Our listing on the TSXV marks another milestone for Asante. We anticipate this listing will increase our visibility and liquidity through exposure to a broader base of investors, thereby adding to our potential for a meaningful re-rating," said Dave Anthony, the company's CEO.
The increased investor exposure is meant to support the company’s ambitions in Ghana, where it plans to boost combined production from the Bibiani and Chirano mines to 500,000 ounces of gold by 2028. To finance these plans, the company announced a financial arrangement last June to raise $470 million. Asante is targeting combined production of up to 350,000 ounces from the two gold mines in 2025, a significant increase from the 189,600 ounces delivered in 2024.
Aurel Sèdjro Houenou
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