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:

Geordie Mark, Haywood Securities (8/16/16)
"Asanko Gold Inc. Asanko reported Q2/16 financials with revenues of US$43M, EBITDA of US$11 million and operating cash flow of $11.6M (US$0.06/share). . .we highlight that Q2 exit operating parameters were appreciably improved on from those in April with July data supporting such an assertion with gold production coming in at 17 Koz (~47% Q2/16), or exceeding an annualized rate of 200 Koz per annum."

Chris Thompson, Raymond James (8/15/16)
"We continue to recommend Asanko Gold Inc. as a fully funded organic growth company with production growing to ~260 k oz/year by 2019E, and anticipate this growth to be revealed by a revised Definitive Feasibility Study (DFS) for Phase 2 (combined with Phase 1),anticipated in September 2016. . .Our C$6.75 target is derived by applying a 50/50 weighting on a 10x 2017E CPFS and a 1.3x NAV. Our target price implies a 1.25x P/NAV multiple which we feel is justified given AKG’s organic growth profile (Phase II expansion)."

Nana Sangmuah, Clarus Securities (8/15/16)
"We continue to see a positive outlook for Asanko Gold Inc. with a more than doubling of the production profile to ~500 Koz over the next five years. . .Despite a compelling production growth profile of ~60% by 2019, ahead of average for peers, AKG trades at 0.7x P/NAV or ~50% discount to emerging producer peers trading at an average of 1.3x. . .We expect the stock to rerate toward emerging producer peers as the Company continues to deliver on operational milestones. . .We maintain our BUY rating with our revised target price of $8.50/share (was $7.30)."

Nana Sangmuah, Clarus Securities (8/9/16)
"Asanko Gold Inc. announced a positive update from its near-mine satellite deposits with a maiden resource from the Nkran extension of ~43 Koz at 1.76 g/t in indicated resources. . .We are encouraged by today's update that not only reaffirms our view that AKG can boost production profile in the short term before Phase 2 (2019) but also provide upside to our modelled assumptions with the discovery of a new larger target – Akwasiso. Management expects to receive mining permits for both Nkran and Adubiaso extensions in H2/16; we maintain our BUY rating."

Geordie Mark, Haywood Securities (8/8/16)
"Asanko Gold Inc. provided an exploration update from near-mine satellite targets, in addition to a maiden resource estimate for Nkran Extension. . .exploration around the Nkran pit continues to deliver yield as proximal satellite targets incrementally furnish maiden resources adding to the critical mass of the area, which ultimately may help feed latent mill capacity."

Chris Thompson, Raymond James (8/8/16)
"Asanko Gold Inc. announced a maiden resource for Nkran Extension, located in close proximity to the plant and 1.5km from the Nkran pit (currently in production); this follows the release of a previously announced maiden resource (Adubiaso Extension) earlier this year and n additional resource estimate (Akwasiso) is planned to be released before year-end. . .We continue to recommend AKG as a fully funded organic growth company with production growing to ~260 koz/year by 2019E."

More Expert Comments

Experts Following This Company

Ian Abbott – Goldman Sachs
Benjamin Asuncion – Haywood Securities
Jayant Bhandari
Robert Cohen, VP and Portfolio Manager, GCIC Ltd. – Dynamic Funds
Brent Cook, Analyst, Geologist Exploration Insights
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 – Echelon Wealth Partners

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