The Mineral Income Investment Fund (MIIF) is upbeat about the long-term prospects of its recent equity investments in Toronto and Frankfurt-listed Asante Gold Corporation.
MIIF purchased over fourteen million shares representing 4.65% of the company following a private placement in February 2022.
Following a familiarisation visit to the 100% owned subsidiary of Asante – Mensin Gold Bibiani Limited – by the Chief Executive Officer, Edward Nana Yaw Koranteng, and his executive team, Mr. Koranteng expressed delight at the pace of development and enhanced prospects of the mine.
Douglas MacQuarrie, Asante’s founder and now Chairman, told the MIIF team: “Our agenda to make Asante’s Mensin Gold Mine an African and Ghanaian success story and a flagship mine remains unchanged. We have assembled some of the best industry experts in the world with many years of experience to deliver this project. With our near-term gold production and the incredible current price upside in the world gold and commodities markets, we believe Asante Gold Corporation’s market capitalisation could grow higher than the US$2billion level in just a few years”.