Tuesday, February 7, 2017

Asanko Gold Inc.- AKG.t

Asanko Gold Inc.- AKG.t flagship project is the Asanko Gold Mine located in Ghana, West Africa.

The Project has a gold resource base of 7.9Moz (M&I) and reserves of 5.2Moz (P&P).

On January 11, 2017 the company released Numbers

Q4 2016 Highlights:
•Gold production of 57,178 ounces and gold sales of 58,483 ounces against production guidance of 52,000 - 57,000oz
•US$70.1m in gold revenue at an average realized price of US$1,199 per ounce
•901,000 tonnes processed during the quarter with a feed grade of 2.15g/t
•Industry-leading safety record maintained with no LTIs reported during the quarter and a rolling 12 month LTIFR of 0.20.
•Strong balance sheet with unaudited cash and immediately convertible working capital balances of approximately US$66 million (December 31, 2016)