Asanko Gold Inc.

Asanko Gold Inc.'s vision is to become a mid-tier gold producer that maximizes value for all its stakeholders. The company's flagship project is the multi-million ounce Asanko Gold Mine located in Ghana, West Africa, which is being developed in phases. Phase 1 was successfully built and commissioned within budget and ahead of schedule. Gold production commenced in January 2016 and commercial production was declared in April 2016. 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:

Chris Thompson, Raymond James (11/14/17)
"We attended a site visit to Asanko Gold Inc.'s Asanko mine in Ghana late last week. . .we see plant performance improving with additional adjustments (H1/18), which will enhance fresh ore processing ability. Also, we see continued plant operating efficiencies, economics and optionality underpinned by high overall recoveries (94%), spare carbon-in-leach capacity, low power and consumable costs."

BMO Capital Markets (11/14/17)
"Asanko Gold Inc. reported Q3/17 production of 49,293 oz, beating our estimate of 43,500 oz, placing the company on track to meet its revised guidance of 205–225 Koz for 2017. The mine continues to generate cash with operations expected to improve further as Dynamite Hill becomes operational in Q4/17."

Jeff Killeen, CIBC World Markets (11/9/17)
"Asanko Gold Inc.'s mill feed grade for 2018 should be consistent with reserve grade ratios and per our estimates. . .the Cut 2 pushback at Nkran is currently 50% complete and continues through 2018."

Geordie Mark, Haywood Securities (11/6/17)
"Asanko Gold Inc.'s Q3/17 financials beat our expectations despite mill down time. Q3/17 financials outlined revenues of $63.7M. . .gold production totaled 49,293 oz with quarterly sales of 50,241 oz gold at an average price of $1,267/oz yielding $63.6M in revenues. . .we maintain our $2 target."

Nana Sangmuah, Clarus Securities (11/6/17)
"Asanko Gold Inc. announced a strong Q3/17 that showed record low cash costs driving the beat on our estimates. . .overall, we believe that the operational performance of the company is at an inflection point. The stock trades at a 50% discount to peers which, in our view, is unwarranted and offers an attractive opportunity for investors as Asanko rerates with continued operational execution."

Jeff Killeen, CIBC World Markets (11/5/17)
"Asanko Gold Inc. reported a slight Q3/17 beat with reported EPS of $0.02, above our estimate and consensus of $0.01. . .regional exploration could be a catalyst for the company's shares over the coming six months as initial resources are expected to be released for Midras South in Q1/18 and Miridani before H2/18."

With guidance projections being met, analysts are looking forward to Q4 results from this gold miner.
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Raymond James reported on this Canadian miner's operational update on its project in Ghana.
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Peter Breese, CEO of Asanko Gold, discusses the recently released definitive feasibility study for the Asanko Gold Mine in Ghana, and the two-stage organic growth plan.
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More Expert Comments

Experts Following This Company

Andrew Breichmanas, Analyst Equity Research Mining – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Geordie Mark, Head, Mining Research – Haywood Securities
Rahul Paul, Research Analyst, Metals and Mining – Canaccord Genuity
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Chris Thompson, Mining Analyst – Raymond James

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Large scale, long life quality asset
Organic growth with potential to double production
Respected management team with track record of delivering shareholder returns
catalyst Calendar
Q2 2017: DFS published
Q4 2017: Project 5M completed