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.

Expert Comments:

Jeff Killeen, CIBC World Markets (5/21/15)
"On May 14, Asanko Gold Inc. released results for an updated prefeasibility study for the 'Phase 2' expansion at the company's Asanko Gold mine in Ghana, largely confirming our estimates. The expansion would see the Asanko Gold mine's annual production increase from ~190 Koz gold to ~410 Koz over a 10-year period. . .based on our estimates including a $1,200/oz long-term gold price, we project phase 1 and 2 have an after-tax internal rate of return of 21%."

Nana Sangmuah, Clarus Securities (5/19/15)
"We were part of the analyst tour of the phase 1 development of Asanko Gold Inc.'s project and were pleased to see steady progress toward production in Q1/16. The company also announced a prefeasibility study on the phase 2 expansion. . .to more than double annual production to 400-plus Koz by 2018 at an all-in sustaining cost of $798/oz vs. the 281 Koz at $877/oz that we were modeling. . .we increase our target to CA$4.75 per share (from CA$3.50). . .with production now only months away and. . .the path toward becoming a 400 Koz producer now clearly set out, we expect the stock to trade higher."

Geordie Mark, Haywood Securities (5/19/15)
"We recently visited the Asanko Gold Inc. gold mine development site and note that development was reported on time and on budget with first production tabled for Feb. 2016. . .compared to budget, initial indications show that some production costs (e.g., reagent and other consumable costs) are below budgeted expectations and may lead to lower unit production costs, but we will not integrate such potential to remain more conservative. We believe that further value exists through optimization of the processing and mining schedule in the integrated phase I-II plan, as well as the early integration of oxide ore from Dynamite Hill."

Geordie Mark, Haywood Securities (5/15/15)
"Overall, we view the results from Asanko Gold Inc.'s Asanko gold mine phase 2 prefeasibility study (PFS) as positive compared to our estimates for three main reasons: 1) The PFS contemplates an earlier star-up of phase 2, bringing forward gold production; 2) The PFS encompasses the incorporation of a larger minable resource with comparable operating parameters and; 3)exhibits potential for further project optimization on both operation costs factors (e.g. reagent consumption and costs, and comminution) and production parameters (more efficient mine planning, material stockpiling and ore feed blending)."

Chris Thompson, Raymond James (5/15/15)
"We are maintaining our Outperform 2 rating and CA$3.50 per share price target on Asanko Gold Inc.'s stock following the release of encouraging prefeasibility study results from the proposed phase 2 development at its Asanko Gold Mine in Ghana. . .additional comfort with the project's potential to rank as a significant (400-plus Koz/year) and economic (approximately $800/oz all-in sustaining costs) producer in time (2018). The company is also on time and on budget for delivering phase 1 production. . .and plans to provide an update on an alternative power source. . .in Q2/15. We view these as important ingredients that will catalyze a re-rating of Asanko's stock."

Joe Mazumdar, Canaccord Genuity (4/14/15)
"We maintain our Speculative Buy rating on Asanko Gold Inc. as our target price still represents a premium (+30%) to current levels and the company remains well funded to bring Phase 1 Obotan into commercial production by Q2/16 and full production (3 Mt/year) by Q3/16. . .43% of the overall project construction was complete at the end of March 2015. . .with earthworks nearing completion (95%), civil construction (concrete) at 41% and procurement at 95%. . .we estimate that the company has the capital resources to fund project development, working capital and corporate general and administrative costs including exploration."

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
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, Owner – 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 – 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
Q1
2015
Q2
2015
Mills arrive on site
Q3
2015
Completion of mill civil works
Q4
2015
Asanko Gold Inc. Content