Asanko Gold Mine Phase 1 Project Update. June 18, 2014. Download this Press Release PDF Format (opens in new window)? Highlights: Early works program at the Asanko Gold Mine and detailed engineering advancing on schedule with a full investment decision planned for July Mineral Resource Estimate revision for Nkran and Adubiaso deposits complete with no material change and detailed mine
Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG)(NYSE MKT:AKG) is pleased to announce that the main construction work has commenced on Phase 1 of the Asanko Gold Mine (“AGM” or the “Project”) in Ghana. Phase 1 is expected to produce 200,000 ounces of gold per annum at steady state starting in Q2 2016. Earlier this year, the Company undertook preparatory early works at the
The Company’s flagship project is the multi-million ounce Asanko Gold Mine located in Ghana, West Africa. The mine is being developed in phases. Phase 1 commenced gold production in January 2016 and declared commercial production on April 1, 2016. Ramp-up to steady state production of 190,000 ounces per annum was achieved in Q2 2016.
Phase 1 is based on PMI Gold Corporation’s Definitive Feasibility Study (“DFS”) on the Obotan Project, published in September 2012 1. Asanko is currently updating the DFS capital and operating cost estimates. As part of the competitive EPCM tendering process, Asanko received and reviewed a selection of bids for the process facilities. Based on this, the Company believes that the US$83.7
Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG)(NYSE MKT:AKG) is pleased to provide a construction update on the fully funded Phase 1 of the Asanko Gold Mine (“AGM” or the “Project”) in Ghana. Phase 1 will be a low cost, long life mine producing 190,000 ounces of gold per annum at steady state, with the first gold pour on
Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG)(NYSE MKT:AKG) is pleased to announce the Mineral Resource Estimate (“MRE”) for Phase 1 of the Asanko Gold Mine (“AGM” or the “Project”) in Ghana, including a maiden resource for the newly discovered Dynamite Hill deposit. This follows the decision by Asanko to do a comprehensive review of the original May 2012 MRE1 for
About Asanko Gold Inc. Asanko’s vision is to become a mid-tier gold mining company 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. The mine is being developed in phases. Phase 1 has been commissioned, with first gold produced in early Q1
Asanko Gold Mine, situated in Ghana, one of the top ten gold producing countries, is Asanko Gold’s flagship project. The mine, with proven and probable reserves of 4.8 million ounces, is planned to be developed in two phases. Construction on the phase 1 development of the project started in August 2014. It is expected to 
Phase 1 DPP: ~190,000 Ø 2017 production of 230,000 -240,000oz Ø Phase 2A approved and underway; 290,000 -300,000oz in 2018 Ø Accelerated Phase 2B expansion will achieve ~470,000oz by 2020 Ø 2nd largest gold mine in Ghana producing 15% of the annual gold production Ø 7th largest gold mine in Africa 0 50 100 150 200 250 300 350 400 450 500
The mine was built within the US$295 capital budget and commissioned a month ahead of schedule. Gold production commenced on 26 January 2016 and the first phase of the mine will produce an average of 190,000 ounces of gold a year over a twelve year life of mine.
1 ASANKO GOLD MINE CONSTRUCTION UPDATE Highlights: Phase 1 construction 24% complete and on schedule for first gold in Q1 2016. Project spend on budget with US$170 million of the US$295 million capital cost committed. Mining contractor mobilized to site and pre-stripping of the main Nkran pit underway. Ball and SAG mill concrete foundations poured prior to Christmas contractor shutdown Pit