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Asanko Gold Mine tracking top end of H2 guidance

Oct. 17, 2018 12:59 PM ETGaliano Gold Inc. (GAU) StockGFI, GAUBy: Carl Surran, SA News Editor3 Comments
  • Operations at the Asanko Gold Mine are ahead of plan, positioning the 50-50 joint venture in Ghana between Asanko Gold (AKG -3.1%) and Gold Fields (GFI -2.4%) to meet its full year production guidance of 200K-220K oz.
  • The companies say the mine's Q3 production reached a record 61.6K oz., up 15% Q/Q and tracking the higher end of H2 guidance of 110K-120K oz.
  • Q3 mining operations were helped by the resumption of steady state operations at the Nkran pit, with 1.1M metric tons of ore mined at a grade of 1.5 g/t.
  • AKG, the operator of the JV, currently is working on bringing the fourth pit into production.

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