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:

Nana Sangmuah, Clarus Securities (11/17/15)
"Asanko Gold Inc. announced hot commissioning would commence in early December 2015 with first gold pour expected by January 2016. . .we highlight the relatively low execution risk based on management's track record of delivery so far and expect the company to successfully commission the plant and ramp up commercial production by Q2/16. We maintain our Buy rating and recommend investors add to their positions ahead of the producer rerating which we expect to happen over the coming months."

Chris Thompson, Raymond James (11/16/15)
"Asanko Gold Inc. released a positive construction update for its Asanko gold mine project in Ghana. Phase 1 construction is nearly complete and the project remains fully funded and on schedule for first gold pour in early Q1/16. . .as management continues to derisk the project and nears first production, we expect the market to continue to rerate the stock higher toward producer multiples (greater than 1x NAV)."

Joe Mazumdar, Canaccord Genuity (11/16/15)
"We continue to forecast that Asanko Gold Inc. is well funded to achieve commercial production in Q2/16E with a minimum working capital position of $10–12M (Q2/16E). . .the company ended Q3/15 with a cash position of $159M in line with our forecasts of $162M. . .we maintain our Speculative Buy recommendation as our target price (CA$2.75, unchanged) implies a 27% return from current levels."

Geordie Mark, Haywood Securities (11/16/15)
"Asanko Gold Inc.'s processing facility is projected to be ready during December with commissioning to use stockpiled ore material. . .the company is in the process of installing 20 MW of temporary diesel generator capacity, which should be operational as a back-up by December, in time for hot commissioning. . .Asanko remains fully funded through to production for phase 1 of the Asanko Gold mine."

Joe Mazumdar, Canaccord Genuity (11/9/15)
"We continue to forecast for Asanko Gold Inc. a cushion of $40–45M (versus company guidance of $40M) and a minimum working capital position of ~$18–20M in Q2/16 during the ramp-up to commercial production. . .as our target price continues to imply a 26% return from current levels, we maintain our Speculative Buy rating."

"Asanko Gold Inc. is on the list of possible takeover candidates for an opportunistic consolidator." read more >

More Expert Comments

Experts Following This Company

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, Sr. Analyst – Canaccord Genuity
Tony Robson, Managing Director and Co-Head for Global Mining Research – BMO Capital Markets
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
Scott Wright, Research Analyst and Consultant – 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
Asanko Gold Inc. Content