Sun Valley Gold – 10.9%
Donald Smith & Co – 10%
Gold Fields – 9.9%
Ruffer – 9.2%
Gold Mountains, Jin Huang Mining, Zijin – 7.9%
Management & Board – 1.4%
Asanko is focused on building a sustainable business capable of long-term value creation for its stakeholders through organic production growth, exploration and disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities.
Greg McCunn – CEO
Greg McCunn, CEO – has over 25 years’ experience in the mining industry. Prior to joining Asanko on April 1, 2019 he was CEO of Alio Gold. Prior to joining Alio Gold, Greg was CFO at Asanko from 2011 to 2017, during which time the Company financed the construction of the Asanko Gold Mine, executed the first phase of construction, completed commissioning and achieved commercial production. Greg was also CFO for Farallon Mining until it was sold to Nyrstar in early 2011. Mr. McCunn’s background includes technical, operational and corporate development roles with Teck Resources, Placer Dome and junior mining companies in Canada and Australia. He is a Professional Engineer and holds a Bachelor of Applied Science degree in Metallurgical Engineering and a Master’s degree in Business Administration.
What is your rationale for attending 121 Mining Investment?
Looking to meet new investors to add to our share registry
What recent news would you like to highlight to investors attending?
Completed an updated Life of Mine plan for the Asanko Gold Mine that targets an 8-10 year mine life at a production rate of 225,000 to 245,000 gold ounces per year. Both 2020 and 2021 are expected to be good years with projected strong free cash flow.
Launched a major cost reduction initiative with the goal of driving down all-in sustaining costs by approximately $100/oz.
Re-invigorated the exploration program with the aim to unlock potential within the 21,000 hectare land package. For 2020 the exploration spend is $10 million.
What are your key goals for the next 3, 6 and 12 months?
Re-invigorate exploration program.
Continue to generate free cash flow.
Achieve guidance for 2020: 225,000 – 245,000 ounces of gold at AISC of $1,000-$1,100/oz.
In a sentence, what do you think makes your company such a compelling investment?
Well positioned both financially and operationally with a strong balance sheet, generating free cash flow and significant exploration potential from our under-explored land package of 21,000 hectares.