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 dewatering commenced in December with water levels reducing [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 13, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG) (NYSE MKT:AKG) is pleased to announce an optimized mine plan and associated operating costs for Phase 1 of the Asanko Gold Mine ("AGM" or the "Project") in Ghana, which confirms the robustness of the Project's economics. These, together with the updated capital cost estimate and an updated Mineral Resource [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 12, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) is pleased to announce it has awarded the mining contract for the fully funded and permitted Phase 1 of the Asanko Gold Mine ("AGM" or the "Project") in Ghana. Project construction commenced in August and has been advancing rapidly with the Project on schedule and budget. Phase 1 is expected to [...]
Highlights: - Phase 1 construction project 12% complete overall and on track for first gold in Q1 2016 - Contractor activity ramping up with approximately 375 contractors on site - First concrete poured in October with bulk earthworks and civil work continuing - Mining contract to be awarded in November, pre-stripping the Nkran pit to commence in January 2015 - Procurement 47% complete and US$85 million committed out of a [...]
S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices after the close of trading on Friday, September 19, 2014: Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite and Equal Weight Composite Indices. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate Global Industry Classification [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 10, 2014) - 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 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 26, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) announces that it has entered into a settlement agreement ("Agreement") with a private Ghanaian company, Goknet Mining Company ("Goknet"), to eliminate Goknet's claim for a 2% net smelter return ("NSR") royalty on Phase 1 of the Company's flagship Asanko Gold Mine Project ("AGM" or the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 20, 2014) - 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 [...]
Highlights: - Positive metallurgical test work results from the newly discovered, near surface Dynamite Hill deposit. - Strong leach kinetics and overall gold recovery averaging 95%. - Confirms Dynamite Hill deposit will blend well with the other Asanko Gold Mine ores. VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 29, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) is pleased to announce [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 17, 2014) - Highlights: Board approval to proceed with construction of fully permitted Phase 1 Asanko Gold Mine. Capital Control Budget Estimate ("CBE") of US$295 million, in-line with Definitive Feasibility Study1 ("DFS"), and fully financed with US$231 million2 cash and US$150 million3 project debt facility. Preliminary mine planning, based on the updated Mineral [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 14, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) is pleased to announce the execution of amended definitive agreements for a US$150 million secured project debt facility with a special purpose vehicle of RK Mine Finance Trust I ("Red Kite"). The terms of the amended definitive agreements, originally announced on April 15, 2014, are [...]
Highlights: - Completion of 6,700m infill drilling program at Dynamite Hill, a near surface mineralized trend located approximately 7 km from planned Phase 1 milling facility at the Asanko Gold Mine. - Positive results continue to be observed and confirm continuity of gold mineralisation, including; 21m @ 2.14g/t, 50m @ 1.23g/t, 25m @ 3.37g/t, 30m @ 2.53g/t, and 46m @ 3.02g/t. - Resource modelling, definitive mine [...]