• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Asanko Starts Construction of Phase 1 at Ghana Gold Mine

    Charlotte McLeod
    Aug. 20, 2014 08:08AM PST
    Gold Investing

    Asanko Gold Inc. (TSX:AKG,NYSEMKT:AKG) announced that the main construction work has started on Phase 1 of its Ghana-based Asanko gold mine.

    Asanko Gold Inc. (TSX:AKG,NYSEMKT:AKG) announced that the main construction work has started on Phase 1 of its Ghana-based Asanko gold mine. Starting in Q2 2016, Phase 1 should produce 200,000 ounces of gold per year at a steady state.

    As quoted in the press release:

    Following Board approval of the Project last month, main construction activities on site have now commenced. The bulk earthworks contract has been awarded and the contractor has mobilised to site. Initial work has begun on clearing ground for the 3 million tonne per annum gravity/carbon-in-leach processing plant, which is located near the main Nkran pit. Civil works and concrete pouring is expected to begin in the coming months to take advantage of the dry season in Ghana.

    The tender process for the mining contractor is underway and the pre-stripping contractor for the Nkran pit will mobilise to site during Q4 2014.

    Peter Breese, president and CEO of Asanko, commented:

    This marks an important milestone for the Company and our stakeholders as we begin the main construction activity at the Asanko Gold Mine. We are expecting the construction activity at site to be complete over the next 18 months, with steady state production anticipated in Q2 2016.

    Click here to read the full Asanko Gold Inc. (TSX:AKG,NYSEMKT:AKG) press release.

    asanko goldtsx:akgnysemkt:akg
    The Conversation (0)

    Go Deeper

    AI Powered
    Asara Resources (ASX:AS1)

    Asara Resources: Advancing the Next West African Gold Camp

    Mining Gold in Africa: A Look at Ghana, Mali and Burkina Faso

    Mining Gold in Africa: A Look at Ghana, Mali and Burkina Faso

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×