Mr Joe Zvaipa, the Managing Director of Asanko Gold, told the visiting Minerals Commission Board that the company is schedule to start production at steady state of 200 000 oz/pa by first quarter in 2016.
He said: “The production level will be increased to a minimum of 300 000 oz/pa by first quarter 2018 and further have reserves to ensure a Life of Mine of five years at 500 000 oz/pa by first quarter 2021.”
Giving the general overview of the company, Charles Amoah, General Manager of the company, said Asanko Gold Incorporated is currently listed on the Toronto and the New York Stock Exchange.
He said there are three subsidiary companies in Ghana; Keegan Resources Ghana Limited, Adansi Gold Company (Gh) Ltd (acquired from PMI in February 2014) and Asanko Gold Exploration (Gh) Ltd.
Mr Amoah assured the Minerals Commission Board that Asanko Gold would conduct its mining in a responsible manner that would lead to a sustainable development and benefit for all stakeholders.
Mr Emmanuel Kofi Kaningen, the Chairman of Minerals Commission Board, commended the company’s Board, management and staff for the effort and commitment in bringing such a flagship mine in times of falling gold prices.
He assured them of the Commission’s support.