Asante Gold reports $345M net loss amid rising production costs in 2025
Asante Gold Corporation has released its financial results for the fourth quarter and full year ending December 31, 2025. The company reported a net loss of $345.4 million, alongside a drop in earnings compared to the previous year. The company's net loss per share reached $0.55 for the 11-month period ending December 31, 2025. Total revenue for FY 2025 stood at $483.0 million, generated from the sale of 143,138 ounces of gold. Despite this, adjusted EBITDA fell to $33.4 million, down from $58.1 million in the prior fiscal year.
Gold production for the year totalled 146,571 gold equivalent ounces. However, consolidated all-in sustaining costs (AISC) rose sharply to $4,220 per ounce, up from $2,610 per ounce in 2024. As of December 31, 2025, Asante held $44.0 million in cash. Dave Anthony, President and CEO, described 2025 as a pivotal year for the company. This followed the completion of its Financing Package, which played a key role in shaping its financial position.
The financial statements and management's discussion for Q4 and FY 2025 have now been filed. With higher production costs and a significant net loss, the company faces a challenging financial outlook. Cash reserves of $44.0 million remain available as it moves forward.
