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:

Raymond James reported on this Canadian miner's operational update on its project in Ghana.
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Geordie Mark, Haywood Securities (9/25/17)
"The Miradani gold project abuts Asanko Gold Inc.'s existing mining lease and provides the near-term focus for exploration and drill targeting along a gold mineralized structural corridor sporadically exploited by small-scale mining. . .soil geochemistry work by AngloGold during the period 1994 to 1996 provided the basis of a nominal Inferred resource estimate (not NI 43-101 compliant) of 409 Kt grading 2.5 g/t and 33 Koz contained gold interpreted from surface to 20m depth."

Nana Sangmuah, Clarus Securities (9/25/17)
"Asanko Gold Inc. announced the acquisition of the Miradani mining lease, a 15 sq km area within 10 km of the Nkran processing plant, which should provide further resource growth based on historic trenching and extensive artisanal workings. Overall, we see the potential for the Miradani project to further derisk the company's production by providing an additional source of mill feed, contingent upon exploration success."

Chris Thompson, Raymond James (9/22/17)
"Asanko Gold Inc. is on track to meet its revised production guidance for the year. . .grade reconciliation at the main Nkran pit has been improving. . .commissioning of throughput capacity upgrades is going well. . .our thesis for the company remains constructive."

Geordie Mark, Haywood Securities (9/22/17)
"Mining operations at Asanko Gold Inc.'s Asanko mine show improvements (grades and tons) for August. . .for the three-month period of June to August, the grade control model at Nkran showed positive delivery on contained ounces with ore tons being lower (91%) and estimated grades coming in appreciably higher (118%). . .a second reconciliation phase was initiated in Q3/17."

Canaccord Genuity Morning Coffee (9/22/17)
"It appears that the blast movement monitoring system at Asanko Gold Inc.'s Nkran pit implemented to increase mined grades has been working as planned, with ore grade positively reconciling to the grade control model for the three months ended August. . .management believes that the operation is on track to meet revised guidance. . .progress on the Project 5 Million plant upgrade continues as planned, with full commissioning expected to be complete by 2017E."

Chris Thompson, Raymond James (8/3/17)
"Asanko Gold Inc. reported Q2/17 financial results above our expectations. . .the company reported Q2/17 cash flow per share (excluding working capital) of $0.13, well ahead of both our estimate at $0.01 and consensus at $0.05. Adjusted EPS of $0 was ahead of our estimate at $0.05 and in line with consensus at $0."

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

Jeff Killeen, Analyst – CIBC World Markets
Geordie Mark, Head, Mining Research – Haywood Securities
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Jamie Spratt, Analyst – 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
Q2 2017: DFS published
Q4
2017
Q4 2017: Project 5M completed