News Bureau

July 11, 2019

Asanko Q2 sales gold over 66K oz!

Asanko Gold Inc announces production results for the second quarter (Q2) 2019 from the Asanko Gold Mine (AGM), located in Ghana, West Africa. The AGM is a 50:50 JV with Gold Fields Ltd which is managed and operated by Asanko. All dollar figures are US$ unless otherwise stated.

According to the highlights, AGM Q2 registers a record proceeds of $85.6 million generated from record gold sales of 66,337 ounces at an average realized price of $1,290 per ounce. Record gold production of 62,067 ounces, on track to meet 2019 production guidance!

Q2 2019 has been a very strong quarter with the Asanko Gold Mine setting new records in production, sales and revenue. This is particularly impressive given we are in the final stages of waste mining the Cut 2 pushback at Nkran. The Cut 2 pushback will essentially be finished in Q3 2019, marking the end of our investment program, and will enable the mine to focus on cash generation” commented Greg McCunn, CEO. “We remain on track to achieve our 2019 annual production guidance of 225,000 to 245,000 ounces.”