Asanko Gold begins phase one construction of Ghana mine

|About: Asanko Gold Inc. (AKG)|By:, SA News Editor

Asanko Gold (NYSEMKT:AKG) says it has begun main construction work on the initial phase of the Asanko Gold Mine in Ghana.

Phase 1 is expected to produce 200K oz./year of gold at steady state starting in Q2 2016 for a total of 2.25M oz. over an 11.5-year life of mine.

The capital cost of the project is expected to be in-line with earlier estimates of $295M.