Asanko’s vision is to build a low cost, mid-tier-gold mining company through the delivery a three pronged strategy: phased production, competitive operating and capital costs and growth, both organic and M&A.
The Asanko Gold Mine is being developed in phases. Construction of Phase 1 was completed in January 2016 within budget and a month ahead of schedule. Commercial gold production was announced on April 1, 2016 and steady state operating levels achieved during Q2 2016. The project is fully funded with a debt facility of US$150 million.
The expansion of the Asanko Gold Mine consists of two discrete phases; an expansion of mining operations to integrate Esaase including the construction of an overland conveyor and an upgrade of the existing processing facilities from 3.6 million tonnes per annum (“Mtpa”) to 5Mtpa (“Project 5M”). The second phase is the construction of an additional carbon-in-leach (“CIL”) plant to double throughput from 5Mtpa to 10Mtpa (“Project 10M”). Once completed, the AGM is targeting production in excess of 450,000 ounces of gold per annum from 2020 onwards.
Ghana is a well known mining jurisdiction with a long history of gold production and a highly trained workforce. The country is Africa’s 2nd largest gold producer and the world’s 8th largest. Ghana is a stable and functioning democracy. The most recent presidential and parliamentary elections took place in December 2016.
Asanko is managed by a highly skilled and successful team of technical, operational and financial professionals who are experienced in mine building and managing large mining operations and have a proven track record of delivery shareholder returns.
The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and the neighbouring communities.
North American Toll-Free: 1-855-246-7341
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