Asanko Gold Strengthens Balance Sheet
VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (Asanko or the Company) (TSX, NYSE American: AKG) is pleased to announce that it has received $10 million from its joint venture partner Gold Fields Limited (Gold Fields).
- VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (Asanko or the Company) (TSX, NYSE American: AKG) is pleased to announce that it has received $10 million from its joint venture partner Gold Fields Limited (Gold Fields).
- Asanko and Gold Fields completed a Joint Venture Agreement on July 31, 2018 whereby they became 50:50 joint venture partners of the Asanko Gold Mine (AGM), located in Ghana, West Africa, which is operated by Asanko.
- With the receipt of the first $10 million payment from Gold Fields, Asanko Golds corporate balance sheet is strengthening with no debt and cash growing, said Greg McCunn, Chief Executive Officer.
- The Asanko Gold Mine Joint Venture held approximately $44.6 million in cash, gold bullion and gold receivables, with no external debt.