VANCOUVER, British Columbia, March 15, 2018  -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG) (NYSE American:AKG) reports its fourth quarter (“Q4”) and full year (“FY”) 2017 operating and financial results, as well as 2018 guidance and updated outlook. The Company released its production and revenue results for Q4 2017 on January 18, 2018. All amounts are in US dollars unless otherwise stated. Management will host a conference call and webcast today at 9am Eastern Time, further details below.

 

FY 2017 Highlights:

Financial

Gold sales of 206,079 ounces at an average realized gold price of $1,243 per ounce generating gold revenue of $256.2 million

Cash provided by operating activities of $123.2 million, an increase of 124% compared to FY 2016

Net income attributable to common shareholders of $6.1 million ($0.03 per common share), a $19.3 million increase relative to FY 2016

Cash and immediately convertible working capital of $54.6 million as at December 31, 2017

INFILLING, AND IDENTIFYING EXTENSIONS TO KNOWN MINERALIZATION  AT FIFTEEN MILE STREAM AND COCHRANE HILL

 

HIGHLIGHTS INCLUDE:

 

FMS - PLENTY: 

9m @ 4.11g/t Au from 23m (incl 1m @ 28.5g/t Au)

11m @ 4.04g/t Au from 119m (incl 1m @ 36.2g/t Au)

12m @ 2.39g/t Au from 97m

 

COCHRANE HILL:

31m @ 2.90g/t Au from 149m (incl 1m @ 42.5g/t Au)

31m @ 2.87g/t Au from 205m

11m @ 2.41g/t Au from 187m, then 6m @ 3.16g/t Au from 208m, then 1m @ 31.2 from 218m

6m @ 4.29g/t Au from 191m

VANCOUVER, British Columbia, March 13, 2018  -- Auryn Resources Inc. (TSX:AUG) (NYSE American:AUG) (“Auryn” or the “Company”) announces that it has entered into an agreement dated March 13, 2018 with Cantor Fitzgerald Canada Corporation (“CFCC”), as bookrunner and lead underwriter, on behalf of itself and a syndicate of underwriters (collectively, the “Underwriters”) to purchase, on a bought deal basis, 5,230,770 common shares of the Company (the “Offered Shares”) at the price of US$1.30 per Offered Share (the “Issue Price”) for aggregate gross proceeds of approximately US$6.8 million (the “Offering”).  In addition, the Company plans to complete a concurrent private placement of flow-through common shares for proceeds of up to US$1.7 million, as described below.

 

In addition, the Company has agreed to grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) exercisable, in whole or in part, in the sole discretion of the Underwriters to purchase up to an additional 784,615 Offered Shares at the Issue Price for a period of up to 30 days after the closing of the Offering for potential additional gross proceeds to the Company of up to approximately US$1.02 million.  The Company has agreed to pay the Underwriters a cash commission equal to 6% of the gross proceeds of the Offering, including proceeds received from the exercise of the Over-Allotment Option.

UPDATE ON Q1 2018 GUIDANCE

 

VANCOUVER, March 5, 2018 - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to declare commercial production at the Moose River Consolidated (MRC) gold mine, Nova Scotia, Canada. The effective date of commercial production is March 1, 2018.

 

The Company has been ramping up production since late 2017 and has been working through the normal bottle necks in the processing facility since commissioning. In January, the Company experienced 3 days of power outage due to Atlantic storms which resulted in 5 days of production losses. In addition, January had the equivalent of a +100 year event in terms of precipitation which resulted in challenges in the materials handling part of the circuit with daily extreme variations in temperatures. We are working with our EPC contractor to make repairs and adjustments to the crushing circuit to better accommodate the conditions.