Asante Gold Corporation expects full-year 2026 gold production to reach 275,000 to 300,000 ounces at an all-in sustaining cost of US$3,200 to US$3,600 per ounce across the Bibiani and Chirano gold mines in Ghana.

The updated guidance revises a previous May 2025 five-year outlook that had projected 2026 production at 455,000 ounces. The company reported an AISC of US$3,886 per equivalent ounce in the first quarter of 2026. Management has deferred or cancelled approximately US$50 million of previously planned capital expenditure and is reviewing contractor agreements to drive cost efficiency.

Higher production and lower operating costs are weighted heavily to the fourth quarter of 2026, driven by progressive access to higher-grade material in the northern base of the Bibiani Main Pit. Bibiani is transitioning into this higher-grade section, while continued waste stripping in southern cutbacks opens future open pit areas.

At the Bibiani processing plant, infrastructure projects approaching completion include two replacement secondary electric crushing systems and a pending installation of a pebble crusher. The operation is also installing 10MW back-up generator sets and preparing for the Genser power line project, which is scheduled to deliver privately generated power via Chirano starting in the third quarter of 2027.

Chirano has established a stabilized operating platform following underground fleet investments, with development sustained above 1,100 metres per month. Asante has budgeted US$23.4 million for 2026 exploration activities across both operations.

An updated NI 43-101 resource disclosure released on August 5, 2026, reported consolidated Measured and Indicated resources of 4.6 million ounces, effective December 31, 2025. This total matched December 2023 levels despite mining over 430,000 ounces during the intervening two years. Exploration success at Chirano added 443,000 ounces to Measured and Indicated resources and 244,000 ounces to Mineral Reserves net of depletion, while Bibiani recorded a 22% decline in Mineral Reserves and a 17% decline in Measured and Indicated resources due to production depletion. The operations also hold 1.8 million ounces of Inferred Mineral Resources.

“The first half of 2026 has been characterised by significant investment in mining capacity, operational infrastructure and process plant improvements across both operations. While the entire Asante team recognizes there remains considerable work ahead, we believe the business is beginning to transition from establishing its operational platform to consistently delivering the benefits of those investments.”

— Campbell Baird, Acting Chief Executive Officer

Read the full announcement: Asante Provides 2026 Guidance and Operating Update