Asanko Gold meldet Zahlen für 2017
FY 2017 Highlights: Financial - Gold sales of 206,079 ounces at an average realized gold price of $1,243 per ounce generating gold revenue of $256.2 million
- Cash provided by operating activities of $123.2 million, an increase of 124% compared to FY 2016
- Net income attributable to common shareholders of $6.1 million ($0.03 per common share), a $19.3 million increase relative to FY 2016
- Cash and immediately convertible working capital of $54.6 million as at December 31, 2017
Operating - Gold production of 205,047 ounces, within 2017 amended guidance range
- AISC3 of $1,007/ozversus guidance of $920 – 960/oz, primarily due to higher capitalized pre-stripping costs at Nkran
- Introduction in Q4 2017 of optimized mine plan associated with P5M - includes larger Cut 2 pushback at Nkran to provide higher ore yields during the next capital growth phase of the AGM, expected to commence in 2019
- Mining flexibility increased with addition of Akwasiso and Dynamite Hill brought into production
- Successfully completed process plant volumetric upgrades, now achieving rates at or above 5Mtpa on a consistent basis
- Acquisition of highly prospective Miradani concession area, adjacent to the AGM
Corporate - Expansion DFS confirmed economic viability of two growth projects, P5M and P10M
- Indicative term sheet signed with Red Kite, subject to fees, terms and conditions, to defer first principal repayment by up to three years to enable construction of conveyor in 2019 – definitive agreements expected to be signed in early Q2 2018
2018 Guidance - Targeting 200,000 – 220,000 ounces of gold at AISC3 of $1,050 – 1,150/oz, weighted in favour of H2 2018 when ore yields from Nkran resume steady state production levels• H1 2018: 90,000 – 100,000 ounces at AISC3 of $1,200 – 1,300/oz • H2 2018: 110,000 – 120,000 ounces at AISC3 of $950 – 1,050/oz
5-Year Outlook (2019 – 2023) - Optimized mine plan, using current mine operating data, has improved the multi-pit schedule and reduced the overall strip ratio to deliver competitive AISC3 over a life of mine of 19 years
- Average annual production over outlook period (2019 – 2023) of 253,000 ounces at AISC3 of $860/oz, an increase in ounces and improvement in AISC3 versus previous P5M unoptimized plan of 243,000 ounces at AISC3 of $1,007/oz
- Optimized plan generates improved cashflows to provide Asanko with sufficient liquidity during the period of capital spend on Esaase, the installation of the overland conveyor and subsequent debt repayment
https://www.asanko.com/News/News-Details/2018/...Outlook/default.aspx
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