Asanko Gold reaches record production in Ghana
The Vancouver-based gold producer also generated record revenue of $91 million.
The Vancouver-based gold producer also generated record revenue of $91 million.
Company reported consolidated production for Q3 2019 of 35,043 gold ounces and 947,146 silver ounces.
Company says the new PEA would set a path to “significantly” expand production at the mine.
Some gold investors steer clear of the state, thinking it has been mined out, but the reality is altogether different.
The Canadian miner now owns about 20% of Western Atlas and says is on track to meet its 2019 production target of between 225,000 and 240,000 ounces.
After running two major coal producers over a decade, Kevin Crutchfield decided it was time to move on when Wall Street began shunning the fuel.
Operations were suspended for security reasons in early August after an incident involving police left an artisanal miner dead and some equipment damaged.
The discovery is located between the company’s Boto project in Senegal to the north and its Diakha-Siribaya project in Mali to the south.
Under the DFS mine plan, first production is estimated in late 2023 with ramp-up to steady state by 2027.
Livent will contribute its technical expertise and invest up to $5.5 million in the joint development project.