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Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG)(NYSE MKT:AKG) is pleased to announce production results for the first quarter of 2017 (“Q1”) from the Asanko Gold Mine, located in Ghana, West Africa.As quoted in the press release: Commenting on the quarter’s performance, Peter Breese, President and CEO, said, “I am pleased to report a second …
Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG)(NYSE MKT:AKG) is pleased to announce production results for the first quarter of 2017 (“Q1”) from the Asanko Gold Mine, located in Ghana, West Africa.
As quoted in the press release:
Commenting on the quarter’s performance, Peter Breese, President and CEO, said, “I am pleased to report a second consecutive quarter of record production, with over 58,000 ounces produced in Q1 2017, which positions us well to meet our guidance for the year.
Looking ahead, 2017 will be a year of two halves. With the first half focused solely on mining fresh ore from Nkran, production volumes will be lower and costs will be higher compared to H2. In H2, as we bring our second pit, Dynamite Hill, into production, the softer oxide ore is cheaper to both mine and process and we expect that the incremental ore from Dynamite Hill, coupled with the Project 5 Million plant expansion, will deliver increased volumes and lower operating costs enabling us to meet our 2017 production and cost guidance.
Project 5 Million is progressing well and ahead of schedule, with commissioning now expected in Q4 2017. All the long lead items have been ordered and we will be starting the upgrades during this quarter.”
