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The latest announcement is out from Asante Gold ( (TSE:ASE) ).
Asante Gold Corporation has announced the commencement of operations at its Bibiani sulphide plant in Ghana, marking a significant milestone in its strategic plan to enhance gold recovery and production. The plant, which began 12-hour operations on September 27, 2025, is expected to transition to 24-hour operations by September 30, 2025, with optimization efforts aiming to achieve a gold recovery rate of 92% by late October 2025. This development is part of Asante’s broader strategy to increase its gold production to 450,000 to 500,000 ounces annually, strengthening its position as a mid-tier gold producer.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Spark’s Take on TSE:ASE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASE is a Neutral.
The overall stock score is primarily driven by positive corporate events, which provide a strong foundation for future growth. However, financial performance and valuation concerns, particularly the negative P/E ratio, weigh down the score. Technical analysis shows a moderately positive trend, supporting a balanced outlook.
To see Spark’s full report on TSE:ASE stock, click here.
More about Asante Gold
Asante Gold Corporation is a gold exploration, development, and operating company with a portfolio of high-quality projects and mines in Ghana. The company operates the Bibiani and Chirano Gold Mines and is conducting technical studies at its Kubi Gold Project. Asante’s operations are located on the prolific Bibiani and Ashanti Gold Belts, and the company is listed on the Canadian Securities Exchange, the Ghana Stock Exchange, and the Frankfurt Stock Exchange.
Average Trading Volume: 625,935
Technical Sentiment Signal: Buy
Current Market Cap: C$1.72B
For a thorough assessment of ASE stock, go to TipRanks’ Stock Analysis page.