Thursday, June 30, 2022

Bibiani: Asante Gold corporation announces Management changes

Asante Gold Corporation has announced that David Anthony has been appointed President and CEO, replacing Douglas MacQuarrie, who has been appointed non-executive Chairman of the mining company.

David Anthony has +40 years of experience in mine project development and operation. His experience includes mine and process plant design, permitting, construction and operation. 

He has also worked in Canada, Ecuador, Brazil, Indonesia, Chile and Argentina to design, deliver and operate open pit and underground mine assets with CAPEX from $100 million to $3.6 billion and with total material movement to 65 million tonnes per year. David holds a B.Sc. Mining Engineering from Queen’s University.

Mr. Anthony joined Asante Gold as Chief Operating Officer (“COO”) in July 2021, responsible to build and lead the company operations team to refurbish the Bibiani Mine and to become a significant gold producer. 

Before joining Asante Gold, he was COO of Cardinal Resources Limited, which developed the 5 million oz (reserve) Namdini gold deposit and project execution plan, prior to its purchase by Shandong Gold for more than US$500 million. Previous positions include working with Barrick in Africa for 10 years, where he became COO of African Barrick Gold.

Douglas MacQuarrie founded the Company in 2011 and has served since then as its President and CEO. 

Mr. MacQuarrie’s vision was to build a ‘flag bearer’ Ghanaian gold mining company and with our Bibiani Mine on the verge of production, that vision has become a reality. The Board of Directors congratulates Mr. MacQuarrie for his achievements to date and thank him for his dedication and service to the Asante shareholders.

The company also announces that it has granted 500,000 incentive stock options at $1.75 per share for terms of five years to certain consultants and employees subject to the provisions of the Company’s Equity Incentive Plan.

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