Business
Asanko Gold Announces Q2 2018 Production Results
Q2 2018 Highlights: 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 – 1
About this update from Galiano Gold, Inc.
[{"type":"text","content":" Q2 2018 Highlights: 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 Mining operations at Nkran returned to steady state levels in June, mining 178,000 tonnes at 1.9g/t Another record quarterly mill throughput achieved with 1.37 million tonnes of ore processed Zero lost time injuries during the quarter, maintaining industry-leading safety LTIFR record on a rolling 12 month basis of 0 Receipt of amended Esaase Environmental Permit to include a trucking operation Approximately US$48.1 million in unaudited cash and immediately convertible working capital balances as at June 30, 2018 VANCOUVER, British Columbia, July 12, 2018 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG) (NYSE American:AKG) announces production results for the second quarter (“Q2”) of 2018 from the Asanko Gold Mine (“AGM”), located in Ghana, West Africa. 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.” Health and SafetyThere were no lost time injuries (“LTI”) reported during the quarter. As at June 30, 2018, the mine achieved over fifteen months without a Lost Time Injury with 7,700,352 million man hours worked. ProductionDuring the quarter, the AGM sourced ore from Nkran, Akwasiso, Dynamite Hill as well as on-surface stockpiles. Whilst mining operations at Nkran continued to focus on waste removal as part of the ongoing larger Cut 2 push back, in June steady state levels of ore production resumed, a month ahead of schedule. Mined gold grades for the quarter were in line with the plan and increased slightly over Q1 2018 with the additional of ore from Nkran. 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 ...