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Gold Fields completes acquisition of stake in Asanko mine

By: Anine Kilian     31st July 2018 JSE-listed Gold Fields has completed a joint venture (JV) transaction with Asanko Gold, giving it a 50% stake in Asanko’s 90% interest in the Asanko gold mine, in Ghana. “The closing of the transaction with Asanko gives us exposure to a great camp, with long-life, low-cost production, with... 

Gold miner reflects on Ghana achievements

13th July 2018 Gold producer Gold Fields West Africa, a subsidiary of South Africa-based gold major Gold Fields, has invested significantly into the Ghana mining industry over the past 25 years, with shareholders, government and local communities that have and still are benefitting from the gold miner’s... 

Asanko focusing on Esaase development to expand production

By: Erin Steenhoff-Snethlage     13th July 2018 As part of its near-term organic growth strategy, Canadian junior gold producer Asanko Gold is focusing on expanding production at the Asanko Gold Mine (AGM) in Ghana, with the development of the Esaase gold deposit, within the 2018/19 calendar year. The AGM, commissioned in early 2016, comprises... 

Ghana approves Gold Fields, Asanko JV

By: Anine Kilian     22nd June 2018 The Ghanaian government has granted regulatory approval for the completion of Gold Fields’ joint venture (JV) with Canada-based Asanko Gold. Gold Fields and Asanko announced in March that the JSE-listed major would buy a 45% interest in the Asanko gold mine (AGM), in Ghana, for $185-million. 

Ghana gold output up 10.2% to 2.81Moz in 2017 – Chamber of Mines

By: Reuters     1st June 2018 Ghana's gold output rose to 2.81-million ounces in 2017, up 10.2% from the previous year, data from the Ghana Chamber of Mines showed on Friday. The growth reflected a general increase in output across most of the 12 mining firms operating in the West African country, the chamber said. 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO

By: Reuters     30th May 2018 South Africa's Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday. Gold Fields' finances might be "a little bit negative" this year before... 

Asanko mine performs ahead of LoM plan in Q1

By: Simone Liedtke     19th April 2018 Gold miner Asanko Gold’s Asanko mine, in Ghana, performed ahead of the optimised life-of-mine (LoM) plan during the first quarter ended March 31. The mine performed exceptionally well, said Asanko president and CEO Peter Breese, who noted that it is also ahead of plan on the key metrics of gold... 

Ghana to review corporate tax exemptions for resources sector

By: Reuters     5th April 2018 Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and... 

Gold Fields buys stake in Asanko gold mine in Ghana

By: Simone Liedtke     29th March 2018 South African miner Gold Fields has teamed up with Canada-based Asanko Gold in Ghana, with the gold miners announcing on Thursday that the JSE-listed major would buy a 45% interest in the Asanko gold mine (AGM) for $185-million. The companies have agreed to form a 50:50 joint venture (JV), which... 

Ghana to tighten controls on gold exports to protect revenues

By: Reuters     28th February 2018 Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives the revenues it is due, the vice president said on Tuesday. Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal... 

Asanko achieves solid quarter at Ghana mine

By: Megan van Wyngaardt     19th January 2018 A solid quarterly performance was recorded at NYSE-listed Asanko Gold’s eponymous mine in Ghana, which produced 51 550 oz in the fourth quarter of 2017. Asanko CEO Peter Breese on Thursday noted that this helped the company achieve its revised 2017 guidance, with full-year production of 205 047 oz. 

Despite some ‘positive wins’ in Q2, Asanko lowers 2017 guidance

By: Anine Kilian     4th August 2017 While production at Asanko Gold’s Ghana-based operations was lower in the second quarter of 2017 compared with the first quarter, the second quarter did see some “positive wins” for the Canadian junior miner, according to CEO Peter Breese.  He noted that the company had reduced its all-in... 

Busiest project bidding period ever – ELB 

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Asanko DFS outlines two-step expansion in Ghana to become one of Africa’s largest

By: Henry Lazenby     5th June 2017 Canadian junior miner Asanko Gold has published a definitive feasibility study (DFS) on its eponymous Asanko gold mine, in Ghana, outlining a two-stage organic growth plan that will initially raise plant throughput to five-million tonnes a year, before stepping up throughput to ten-million tonnes... 

Asanko prioritises Akwasiso ahead of Dynamite Hill following fast Ghanaian approval

By: Henry Lazenby     23rd May 2017 The Ghanaian government has given the green light for TSX- and NYSE MKT-listed miner Asanko Gold to start mining operations at the Akwasiso deposit, in Ghana, ahead of the Dynamite Hill deposit, as previously planned. The Vancouver-based company will benefit from greater mining flexibility by... 

Asanko lifts low-cost Akwasiso deposit resources, reserves

By: Henry Lazenby     28th April 2017 An infill drilling campaign to upgrade previously reported inferred resources into the indicated category has resulted in junior miner Asanko Gold lifting the compliant resources and reserves at the Akwasiso deposit, part of the Asanko gold mine, in Ghana, by 79% and 62%, respectively. The... 

Asanko Gold on track to meet production guidance

By: Megan van Wyngaardt     18th April 2017 TSX- and NYSE-listed Asanko Gold produced 58 187 oz of gold in the first quarter of the year, selling around 57 812 oz at an average price of $1 199/oz. This resulted in first-quarter revenue of $69.3-million. 

Asanko reports maiden cash-flow positive quarter

By: Henry Lazenby     16th August 2016 West Africa-focused gold producer Asanko Gold has reported a cash-flow positive quarter for the three months ended June 30, the first quarter of commercial production at its flagship eponymous mine, in Ghana. The Vancouver-based company reported Monday that Mining operations continued exclusively... 

Asanko delivers strong second quarter in first production phase

By: Samantha Herbst     21st July 2016 TSX-listed midtier gold miner Asanko Gold’s eponymous mine, in Ghana, West Africa, delivered a strong second quarter in the three months to June 30, achieving commercial production a quarter ahead of schedule and gold production of 36 337 oz, in line with the company’s guidance of between 35 000... 

Gold mining remains ‘robust’ contributor to Ghana’s economy despite price, output slides of recent years

By: Mia Breytenbach     8th April 2016 Given an optimal investment climate and enhanced exploration activities, Ghana has the unique opportunity of maintaining its position as an attractive mining investment destination, notwithstanding the significant challenges confronting the industry, particularly the price of gold, avers Canadian... 

Explosives company helps expedite gold pour

8th April 2016 Developer, producer and supplier of commercial explosives AEL Mining Services has helped Canadian midtier gold miner Asanko Gold complete the first phase of the development of its new Obotan mine, in the Amansie West district of Ghana’s Ashanti region a month ahead of schedule. 

Gold mining remains ‘robust’ contributor to Ghana’s economy despite price, output slides of recent years

By: Mia Breytenbach     8th April 2016 Given an optimal investment climate and enhanced exploration activities, Ghana has the unique opportunity of maintaining its position as an attractive mining investment destination, notwithstanding the significant challenges confronting the industry, particularly the price of gold, observed... 

Asanko pours first gold in Ghana

By: Henry Lazenby     27th January 2016 Canadian gold miner Asanko Gold on Tuesday poured its first gold at its eponymous mine in Ghana, marking an historic milestone in the company’s transition from explorer to producer. “I am proud to announce that Asanko gold mine is officially the newest producing gold mine in Ghana, with Phase 1... 

Improved valuations of mining companies expected this year

By: Mia Breytenbach     22nd January 2016 Although mining company valuations have decreased after an ongoing market correction over the past four years, investment firm Commodity Discovery Fund predicts a strong recovery this year, believing the fundamentals for precious metals to be favourable. “History indicates that commodity markets... 

Mining contractor dies at Asanko Gold’s Ghana project

By: Henry Lazenby     24th June 2015 A mining contractor has died at Canadian project developer Asanko Gold's eponymous project in Ghana. The TSX- and NYSE MKT-listed company said on Wednesday that work on the project had resumed after the relevant regulatory authorities conducted an initial inspection and gave clearance. 

Asanko Gold strikes power purchase accord with Ghana energy firm

By: Henry Lazenby     3rd June 2015 West Africa-focused aspirant midtier gold producer Asanko Gold has inked a binding power purchase agreement (PPA) with independent power producer Genser Energy Ghana to supply all the power required for Phase 1 of the $295-million Asanko gold mine, which was scheduled for first production in the... 

New gold mine set for 2016 production

By: Pimani Baloyi     10th April 2015 The construction of West Africa-focused aspirant midtier gold producer Asanko Gold’s first mine in Ghana is 37% complete, with Phase 1 of the construction progressing well and within its $295-million budget.  First gold production from the mine is scheduled for the first quarter of next year. 

Local construction company secures contract in Ghana

By: Pimani Baloyi     23rd January 2015 South Africa-based privately-owned and managed structural steel, mechanical, electrical, instrumentation, piping and platework (SMEIPP) construction company Redis Construction Afrika, which will exhibit at the 2015 Investing in African Mining Indaba, in November announced that it had been awarded... 

Asanko Gold confirms definite mine plan

By: Henry Lazenby     14th November 2014 Project developer Asanko Gold on Thursday announced the definitive mine plan for the first phase of its Asanko gold mine, in Ghana, which provided for producing slightly more gold over an extended mine life at among the lowest all-in sustaining costs (AISC) in the industry. Vancouver-based Asanko... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

13th October 2014 This month’s roundup includes details of ASX- and TSX-listed coal developer Coalspur’s three approvals and licences for the Phase 1 development of its Vista project, in British Columbia; midtier gold miner Iamgold’s has declared commercial production at its Westwood mine, in the Abitibi region of... 

Asanko Gold starts building on first phase of Ghana flagship

By: Henry Lazenby     20th August 2014 West Africa-focused aspirant midtier gold producer Asanko Gold on Wednesday announced that it had started construction of the $295-million first phase of its eponymous flagship project, in Ghana. Phase 1 is expected to produce 200 000 oz/y of gold at steady state, starting in the second quarter... 

Asanko gives flagship Ghana project the green light

By: Henry Lazenby     17th July 2014 The board of West Africa-focused project developer Asanko Gold on Thursday gave construction of the $295-million first phase of its flagship project in Ghana the thumbs up to start construction during the third quarter. The TSX- and NYSE-listed firm said Phase 1 would be based in PMI Gold Corp’s... 

PMI Gold to acquire West Africa-focused Keegan Resources

By: Henry Lazenby     5th December 2012 Canadian miner PMI Gold, who last week graduated to the TSX-main board, has entered into a definitive agreement to merge with Ghana-focused exploration and development company Keegan Resources to form a new company called Asanko Gold. Asanko is expected to become a significant gold development... 

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