AKG:NYSE.MKT; AKG:TSX

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.
AKG:NYSE.MKT AKG:TSX

Expert Comments:

Ryan Walker, Euro Pacific Canada (1/29/16)
"Asanko Gold Inc. poured its first 400 oz gold bar on Jan. 26, ahead of schedule and within budget at its namesake mine in Ghana. The mine is ramping up to steady-state production of 190 Koz/year; commercial production is slated for Q2/16."

Chris Thompson, Raymond James (1/27/16)
"Asanko Gold Inc. reported first gold pour from its Asanko gold mine project in Ghana. This represents a major milestone, in our view, in the commissioning phase as the project moves down the path toward commercial production, expected in early Q2/16. . .a definitive feasibility study and development decision for phase 2, with funding plan, is anticipated in Q2/16. We see phase 2 being delayed and model construction commencing in mid-2017."

Nana Sangmuah, Clarus Securities (1/27/16)
"Asanko Gold Inc. announced the first gold production from phase 1 of its Asanko gold mine in Ghana. Management expects to achieve commercial production in Q2/16, with current milling rates achieving or exceeding the design throughput rates. We expect the stock to re-rate over the coming weeks as it transitions into producer status. We also highlight that the company's fully ramped up production of 400-plus Koz (phase 1 and 2) at an all-in sustaining cost of $798/oz makes it a prime take-out candidate with a growing list of potential buyers."

Jeff Killeen, CIBC World Markets (12/23/15)
"Asanko Gold Inc. provided an update on the phase 1 (Obotan) project with commissioning of the metallurgical process facilities under way and first gold on track for January 2016, one month ahead of the original schedule. However, in a slight surprise, the company has drawn the US$20M overrun facility, which brings the funding buffer to ~US$60M to commission the mine. . .we expect Asanko shares will move toward a producer multiple as phase 1 is brought on-line."

Nana Sangmuah, Clarus Securities (12/22/15)
"Asanko Gold Inc. provided a positive commissioning update for its Asanko gold mine project in Ghana with ore fed into the plant and a first gold pour imminent. . .overall, management continues to deliver on its development milestones of attaining first gold pour by January 2016 and ramping up to steady state in early Q2/16."

Chris Thompson, Raymond James (12/21/15)
"We continue to view Asanko Gold Inc.'s Asanko mine as fully funded and primed for first gold pour in Q1/16. . .the company sits at the cusp of transitioning from developer to producer and remains primed for a market rerate (+20%) inline with peers (producer multiples > 1x NAV), reflective of our Outperform 2 rating."

More Expert Comments

Experts Following This Company

Benjamin Asuncion – Haywood Securities
Jayant Bhandari
Robert Cohen, VP and Portfolio Manager, GCIC Ltd. – Dynamic Funds
Brent Cook, Analyst, Geologist Exploration Insights
Micheal George, Geologist – U.S. Geological Survey
Ovais Habib, Analyst – Scotia Capital
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
James Kwantes Resource Opportunities
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Geordie Mark, Research Analyst – Haywood Securities
Joe Mazumdar Exploration Insights
Tony Robson, Managing Director and Co-Head for Global Mining Research
Lawrence Roulston – Quintana Resources Capital ULC
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Jamie Spratt, Analyst – Clarus Securities
Chris Thompson, Mining Analyst – Raymond James
Ryan Walker, Analyst – Euro Pacific Canada

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