Asanko Gold Announces Q3 2019 Production Results
(All dollar amounts are United States dollars unless otherwise stated)
VANCOUVER, British Columbia, Oct. 17, 2019 -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to announce production results for the third quarter (“Q3”) 2019 from the Asanko Gold Mine (“AGM”), located in Ghana, West Africa. The AGM is a 50:50 joint venture (“JV”) with Gold Fields Ltd (JSE, NYSE: GFI) which is managed and operated by Asanko.
AGM Q3 Highlights (100% basis):
Record proceeds of $91.0 million generated from gold sales of 63,009 ounces at an average realized price of $1,443 per ounce
Record gold production of 62,440 ounces, on track to meet 2019 production guidance of 225,000 - 245,000 ounces
Mined 1.11 million tonnes (“Mt”) of ore, including 0.62Mt of ore from the Esaase pit
Processed record 1.44Mt of ore with an average gold grade of 1.4 grams per tonne (“g/t”)
Continued strong safety performance with no lost time or recordable injuries during the quarter
- Category: Silver / Gold
- Published: 17 October 2019
- Written by Editor