Asanko
Gold Inc located in Ghana, West Africa, said its production results for Quarterly
gold production of 53,501 ounces and half year production of 101,731 ounces,
exceeding upper end of H1 2018 guidance of 90,000 – 100,000 ounces. Quarterly
gold sales of 51,785 ounces, generating US$66.6 million in gold revenue at an
average realized price of US$1,286 per ounce.
Commenting
on the quarter Peter Breese, President and CEO, said “The Asanko Gold Mine
delivered another set of solid production results this quarter, exceeding the
top end of our H1 2018 guidance. Steady state levels of ore production at Nkran
resumed in June, a month ahead of schedule, and the processing facility
achieved yet another quarterly milling record. We are well positioned to meet
our H2 2018 and full year guidance.”
The
processing plant achieved yet another quarterly record milling performance of
1.37 million tonnes, processing a monthly record of 479,361 tonnes in June,
which is well above the recently upgraded design of 5 million tonnes per annum.