| Asanko Gold Mine Announces First Gold Production | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2016) - Highlights: - First gold poured on January 26, 2016
- Designed hourly throughput rates and mill grind attained in both SAG and Ball Mills
- Ramp-up to commercial production remains on track for Q2 2016
Asanko Gold Inc. ("Asanko" or the "Company") (AKG)(NYSE MKT:AKG) announces first gold production of approximately 400 ounces from Phase 1 of the Asanko Gold Mine ("AGM" or the "Project") in Ghana. This follows the successful commencement of operations of the entire processing facility one month ahead of schedule. The latest videos and photographs are available at http://www.asanko.com/projects/photo-gallery. Commenting on this historic milestone, Peter Breese, President and CEO, said: "I am proud to announce that the Asanko Gold Mine is officially the newest producing gold mine in Ghana, with Phase 1 successfully built within our capital budget and commissioned one month ahead of schedule. "As we embark on a new chapter for Asanko, I'd like to thank the Government and our stakeholders in Ghana for all their assistance in facilitating our transition from explorer to producer. In addition I would like to commend my team, our EPCM contractor DRA Global and all the thousands of construction and service sub-contractors for delivering a well-executed project over the past 18 months. "As we complete commissioning and ramp up to steady-state production rates, I am pleased to note the early gains that we have already achieved with respect to throughput rates and mill grind, which have exceeded our expectations. We remain confident of declaring commercial production during Q2 2016." Commissioning and Ramp-Up Commissioning of the processing facility is progressing well and is approximately one month ahead of the original schedule. The crusher was handed over from the EPCM contractor to Asanko in mid-December and was commissioned during the last half of the month. Ore was stockpiled ahead of the milling operations and introduced into the SAG and Ball mills during the last week in December. |
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Asanko Gold Inc.
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CODE : AKG.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Asanko Gold is a exploration company based in Canada. Asanko Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 325.5 millions as of today (US$ 231.0 millions, € 211.7 millions). Its stock quote reached its highest recent level on September 16, 2011 at CA$ 9.59, and its lowest recent point on December 15, 2017 at CA$ 0.55. Asanko Gold has 203 450 000 shares outstanding. |