Asanko Gold has commenced its first gold production of about 400oz from phase one of its mine in Ghana.

The first gold production from the Asanko gold mine follows the commencement of operations of the entire processing facility one month ahead of schedule.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Asanko Gold president and CEO Peter Breese said: "I am proud to announce that the Asanko Gold Mine is officially the newest producing gold mine in Ghana, with phase one successfully built within our capital budget and commissioned one month ahead of schedule.

"As we complete commissioning and ramp up to steady-state production rates, I am pleased to note the early gains that we have already achieved."

"As we complete commissioning and ramp up to steady-state production rates, I am pleased to note the early gains that we have already achieved with respect to throughput rates and mill grind, which have exceeded our expectations.

The company hopes to start commercial production during the second quarter of 2016.

See Also:

Construction for phase 1, which involved costs amounting to $295m, started in August 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company said it has been commissioning the processing facility with low-grade stockpiles after the crusher was handed over by DRA Global in December 2015.

During the last week in December, ore was stockpiled and introduced into the SAG and Ball mills, which are matching or exceeding designed throughputs of 8,300t per day.

Phase one will mine the Obotan Project, which comprises the Nkran pit, and four satellite deposits, Abore, Asuadai, Dynamite Hill and Adubiaso.

Full drill and blast operations at the Nkran pit are continuing at long-term steady state levels and more than 22 million tonnes of material has been removed from the pit till now.

Asanko Gold appointed PW Ghana as the open pit mining contractor for the pre-stripping and year one of operations. Knight Piesold designed the tailings storage facility.