61599 Oz gold production at Asanko Q3
Full
year gold production
to
remain 200-220K Oz
Asanko
Gold announces record for Q3 says, gold production of 61,599 ounces, tracking
higher end of H2 2018 guidance of 110K to 120K ounces. Quarterly gold sales of
65,267 ounces, generating US$78.2 million in gold revenue at an average
realized price of US$1,198 per ounce!
Commenting
on the quarter’s performance Peter Breese, President and CEO, said “The Asanko
Gold Mine delivered a third consecutive quarter of solid production results for
the year, tracking the top end of 2018 guidance with production of 61,599
ounces for the quarter and 163,329 ounces year to date.
The
mine is well positioned to meet full year gold production guidance of 200-220K
ounces. The Esaase pre-production program is advancing according to plan, with
site establishment well underway and preparations for the bulk sample exercise
on schedule for Q4 2018, in anticipation of approval from the JV partners to
commence mining in Q1 2019.”
The processing plant
delivered another strong result for the quarter, milling 1.3Mt and maintaining
its performance well above the recently upgraded process design of 5 million
tonnes per annum. Metallurgical recovery at 94% continues to attain a level
higher than originally planned despite significant volume throughput
improvements.
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