AKG:NYSE.MKT; AKG:TSX

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.
AKG:NYSE.MKT AKG:TSX

Expert Comments:

Nana Sangmuah, Clarus Securities (7/21/16)
"Asanko Gold Corp. announced Q2 production results with companywide production of 36 Koz, within company guidance of 35–40 Koz; we are encouraged to see the successful ramp up with consistent improvement in throughput, recoveries and grades throughout Q2. . . we are also encouraged to see positive grade reconciliation of 13% in the main ore zones mined in Q2. . .we expect the stock to rerate toward its emerging producer peers as the company continues to deliver on operational milestones. We maintain our Buy rating and a target price of $7.30 per share."

Geordie Mark, Haywood Securities (7/20/16)
Asanko Gold Inc. produced 36,377 oz of gold which was marginally higher than our expectations of 35,393 oz. Reported revenues came in at US$43.2 million from the sales of 35,074 ounces at an average price of US$1,231 per ounce, and was broadly in line with our revenue expectation of US$43.8 million for the quarter. . .overall positive as Q2/16 gold production came in-line with expectations as gold grades, recoveries and plant throughput rates improve throughout the quarter. Management reaffirmed guidance for 90-100 koz gold production in H2/16.

Chris Thompson, Raymond James (7/20/16)
"Asanko Gold Inc. reported 2Q/16 production results which were in-line with expectations. Key takeaways include 36 k oz produced (in-line with RJL), the mining of significant low grade ore including low grade tonnes around the periphery of the main ore zones earlier in the quarter, the mining and processing of reserve grade ore in June, positive grade reconciliation from grade control drilling and revenue of $43 mln from 35 k oz sold. . .2H/16 production guidance of 90–100 k oz was reiterated."

"Two of the very best stories belong to the team of Ivan Bebek, Shawn Wallace and Dan McCoy. The trio was the driving force behind Keegan Resources that eventually changed its name to Asanko Gold Inc. and recently began gold production in Ghana after a merger with PMI Gold Corporation in 2012. Between the dregs of 2008 and the market high of 2011 for gold, Keegan gave an 1850% return to shareholders. Between the very lowest prices of 2014 until now, Keegan/Asanko has provided a 266% return to shareholders." read more >

Geordie Mark, Haywood Securities (7/11/16)
"Asanko Gold Corp. is a new producer in the gold space having commissioned the first Phase I of the Asanko Gold Mine in Ghana on time and budget. We project gold production growing from 157 Koz Au in 2016 (inclusive of pre-commerical production) to 249 Koz in 2018 and 496 Koz in 2022 with the full development of Phase II. . .we incorporate a stage development of Phase 2 with the expansion of the existing CIL plant to 5.0 Mtpa by 2019 and integration of oxide/transition material from Esaase from 2019 through 2020."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/15/16)
"With commercial production now underway at Phase 1 of Asanko Gold Inc.'s Asanko Gold Mine in Ghana, the company is shifting its strategy for Phase 2. . .Phase 2A envisions mining 2M tonnes per year of oxide ore from the Esaase pit and transporting that ore by conveyor to the Phase 1 processing facility. . .Asanko has worked with lender RK Mine Finance to restructure its $150M debt facility. . .the lender's willingness to amend the terms of the facility is a solid endorsement of the wisdom of Asanko's new strategy for Esaase."

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
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
George Mack, Interviewer – BioDecade
Geordie Mark, Head, Mining Research – Haywood Securities
Joe Mazumdar Exploration Insights
Bob Moriarty, Author 321 Energy , 321 Gold
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Jamie Spratt, Analyst – Clarus Securities
Ron Stewart, Analyst – Dundee Capital Markets
Chris Thompson, Mining Analyst – Raymond James
Ryan Walker, Analyst – Euro Pacific Canada

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

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Investing Highlights
 
World class asset with low cost production
 
Organic growth with potential to double production
 
Respected management team with track record of delivering shareholder returns
catalyst Calendar
Q2
2016
Commercial Production Declared for Phase 1
Q2
2016
Q3
2016
Phase 2 DFS published
Asanko Gold Inc. Content