Galiano Gold Inc (AMEX:GAU)

$ 1.78 0.07 (4.09%) Market Cap: 451.45 Mil Enterprise Value: 345.42 Mil PE Ratio: 30.38 PB Ratio: 1.99 GF Score: 49/100

Q2 2019 Asanko Gold Inc Earnings Call Transcript

Aug 01, 2019 / NTS GMT

Release Date Price: $0.81 (+2.53%)

Transcript

Gregory John McCunn

Asanko Gold Inc. - Director & CEO

Hello, everyone, and welcome to Asanko Gold's Q2 2019 Results Videocast. Let's take a look at the results from the Asanko Gold mine in Ghana, West Africa, our 50-50 joint venture with Gold Fields, which is managed and operated by Asanko.

Q2 2019 was the mine's best quarter since starting commercial production in 2016. We had record-high gold production, record-high revenues and record-high net income. The mine produced 62,067 ounces, the fourth consecutive quarter of over 60,000 ounces produced, and it continued to do so safely, stretching our lost-time injury-free record to over 27 months or 14 million man-hours worked without a lost-time incident. With over 122,000 ounces produced in the first half of the year, we're well on track to achieve our guidance of 225,000 to 245,000 ounces for 2019.

In the mining operations, the Esaase pit continued to mature after mining was initiated in January of this year. And in Q2, 50% of the ore mine came from Esaase. And one of the smaller satellite pits, Dynamite Hill, produced most of the

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