Asanko Gold Inc.

Asanko Gold Inc.'s vision is to become a midtier gold mining company that maximizes value for all its stakeholders. The company's flagship project is the fully financed, multimillion ounce Asanko gold mine project located in Ghana, West Africa. Asanko is managed by highly skilled and successful technical, operational and financial professionals. The company is strongly committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Expert Comments:

Joe Mazumdar, Canaccord Genuity (6/24/15)
"Asanko Gold Inc. reported a fatality at the construction site of its phase 1 Obotan open pit gold project (3 Mt/year) in Ghana, West Africa. Although the incident is tragic, we do not foresee any significant change in the development schedule to first pour (Q1/16E) and commercial production (Q2/16E). . .we maintain our Speculative Buy recommendation, as our target price (CA$2.80/share, unchanged) offers an implied return of 20–25% from current levels. Year-to-date, Asanko has outperformed the benchmark GDXJ, 26% versus 4.6%."

"An African gold development project that is at the front of the list is Asanko Gold Inc.'s Asanko gold mine in Ghana. We visited it last month. It's likely more than 50% complete now and on schedule for its first pour in February 2016. Phase 1 is on track to meet its capex of $295M. That said, we expect that Asanko is supported by a $40M liquidity buffer (cash and debt) beyond the project contingency within the $295M capex figure. We like the jurisdiction, and the onsite development team has considerable experience in building mines across Africa. With phase 2, Asanko has the capacity go from about 200 Koz annually to 400 Koz starting in 2018–2019. Altogether, Asanko has more than 4 Moz in reserves and more than 10 Moz in resources across its Asanko gold mine asset portfolio. We believe that the company trades relatively cheaply compared to its underlying net asset value, and our target price projects the company's market price to more toward the net asset value per share as the mine moves closer to production. . .Asanko looks to utilize the synergies inherent in the project given the proximity and characteristics of the deposits to be exploited in a phase 2 operation, as well as the infrastructure already being built for phase 1 (e.g., processing plant footprint, tailings dam). These synergies greatly improve on the economics of phase 2 rather than it being a standalone operation. We are looking forward to the full feasibility report due next year, so we can review other potential the company has been able to squeeze out through further optimization." read more >

Chris Thompson, Raymond James (6/15/15)
"We believe Asanko Gold Inc. is primed for a near-term market rerating as the company transitions to a producing gold company. We note the recent positive prefeasibility study for phase 2 development and the securing of a third-party power agreement for phase 1 production as key derisking events and now believe that Asanko is positioned to deliver initial production in Q1/16."

Brent Cook, Exploration Insights (6/7/15)
"Asanko Gold Inc. continues to derisk development of its Asanko gold deposit. This week it announced the signing of a life-of-mine power purchase agreement with a private power producer that will build a generation facility on site. The price is fixed at or below the power costs used in the feasibility study. Power has been an issue throughout Ghana."

Nana Sangmuah, Clarus Securities (6/3/15)
"Asanko Gold Inc. announced that it has signed a binding power purchase agreement with Genser Energy Ghana Ltd. for the supply of power for phase 1 of the Asanko gold mine. This is a significant derisking milestone for the project, which will circumvent the current challenges with grid power in the country. With production only a few months away, we expect producer rerating to commence shortly. We maintain our Buy rating and CA$4.75 per share price target. . .we also see potential for mergers and acquisitions."

Chris Thompson, Raymond James (6/3/15)
"We are maintaining our Outperform 2 rating and CA$3.50 target on Asanko Gold Inc.'s stock following the announcement of a third-party power purchase agreement for phase 1 of its Asanko gold mine construction-stage project in Ghana. . .a further step in derisking the project, which is on track (on time and on budget) to commence production in Q1/16. . .phase 1 is fully funded, 50% built, and represents the first stage in the company's goal of becoming an emerging 400-plus Koz/year approximately $800/oz all-in sustaining cost gold producer by 2018. . .Asanko is primed for a market rerating upon a successful transition from developer to producer."

More Expert Comments

Experts Commenting on This Company

Benjamin Asuncion – Haywood Securities
Brent Cook, Analyst, Geologist Exploration Insights
Adrian Day, Founder – Adrian Day Asset Management
Micheal George, Geologist – U.S. Geological Survey
Jeb Handwerger, Author Gold Stock Trades
Jeff Killeen, Analyst – CIBC World Markets
James Kwantes Resource Opportunities
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Geordie Mark, Research Analyst – Haywood Securities
Filipe Martins, Analyst – GMP Securities
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Charles Oliver, Senior Portfolio Manager – Sprott Asset Management
Tony Robson, Managing Director and Co-Head for Global Mining Research – BMO Capital Markets
Lawrence Roulston – Quintana Resources Capital ULC
Jordan Roy-Byrne, Editor/CMT The Daily Gold
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Florian Siegfried, Senior Portfolio Manager – AgaNola
Chris Thompson, Mining Analyst – Raymond James
Scott Wright, Research Analyst and Consultant – Zeal Reports

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
High quality deposit with near-term production and lowest quartile costs
Fully funded to production
Respected management team with track record of delivering shareholder returns
catalyst Calendar
Asanko Gold Inc. Content