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.

Expert Comments:

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."

Management Q&A: View From the Top
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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Chris Thompson, Raymond James (6/6/17)
"Asanko Gold Inc. announced results of the definitive feasibility study for the Asanko gold project, incorporating a revised life-of-mine (LOM) plan which considers sequencing of the recently discovered satellite deposits as well as sequencing of the Esaase pit. Overall, the results of the feasibility compare favorably with our modeled LOM plan for the Asanko mine based on production growth, operating costs, capex requirements and tons mined (both from the Obotan and Esaase projects)."

Nana Sangmuah, Clarus Securities (6/6/17)
"Asanko Gold Inc. announced results of the expansion definitive feasibility study (DFS) for the Asanko gold project. . .[it] shows an executable path towards derisking the company's production that will be sourced from multiple pits, providing a high degree of flexibility."

Chris Thompson, Raymond James (2/24/17)
"Asanko Gold Inc. is still considering a multi-stage expanded operating scenario which would increase production to 450 Koz/year by 2020. . .we see the company's growth prospects remaining intact, albeit at a slightly higher operating cost, but supported by discovery potential offered by Asanko's prospective land package."

Chris Thompson, Raymond James (2/6/17)
"Asanko Gold Inc. has now received all necessary permits for the construction and operation of the Esaase pit at its Asanko mine, including the overland conveyor to transport ore from Esaase to the existing processing plant. A revised definitive feasibility study that will include revised mineral reserves, resources as well as a revised life-of-mine plan is anticipated before month end (February 2017)."

Nana Sangmuah, Clarus Securities (1/12/17)
"We believe with Phase 1 performance exceeding expectations, Asanko Gold Inc. is well positioned to deliver a compelling production growth of ~100% to ~300 koz by 2018 and ultimately become a ~0.5MM oz producer through Phase 2B by 2020. . .we await the final feasibility study with detailed mine plans to update our valuation model(Q1/17). . .given the production growth profile, we believe AKG would be a coveted asset in any of the major's asset portfolio. . .we maintain our BUY rating and target price of $8.50 per share."

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: DFS published
Q4 2017: Project 5M completed