410 0 Kommentare Asanko Gold Announces Q3 2017 Production Results - Seite 3

The reconciliation process to measure the entire value chain from gold in the ground through to mill feed and eventual gold production against the mineral resource estimate continued during the quarter. The grade control versus the resource model reconciliation continues to be positive and the reserve to mill feed reconciliation is within 1% for the quarter.

Sales and Liquidity

Gold production for the quarter was 49,293 ounces with gold sales of 50,241 ounces at an average realized price of US$1,265 per ounce, generating gold sales revenue of US$63.6 million. At September 30, 2017 the Company's balance sheet had approximately US$60.7 million in unaudited cash, US$1.4 million in gold receivables and US$2.2 million in dore (with a market value of US$3.7 million).

Under the current debt financing agreement with RK Mine Finance ("Red Kite"), the Company's first principal repayment on its US$150 million debt facility is due on July 1, 2018. However, as previously disclosed, Asanko has the option until March 31, 2018 to extend the first principal repayment of the facility by an additional year to July 1, 2019. Asanko is currently in discussions with Red Kite regarding the possible refinancing of the debt facility to support its Project 5 Million growth plan, which includes the construction of an overland conveyor and bringing the large Esaase deposit into production.

Qualified Person Statement

Frederik Fourie, Asanko Senior Mining Engineer (Pr.Eng) is the Asanko Qualified Person, as defined by Canadian National Instrument 43-101 (Standards of Mineral Disclosure), who has approved the preparation of the technical contents of this news release.

Q3 2017 Operating and Financial Results Conference Call & Webcast Details