SEMAFO Inc. (TSX, OMX: SMF) says that construction of the Boungou Mine in Burkina Faso is 91% complete. Officials say commissioning activities are advancing well, with 10% already completed at the end of March, with the crushing circuit equipment and water services tested and commissioned. The reclaim and grinding circuits, reagent and oxygen plants are also undergoing testing. “We are still in line to achieve our first gold pour early in the third quarter of 2018,” SEMAFO says. As of the end of March, development was on budget with $194 million of the $231 million capital expenditures incurred, the company adds.
By Allen Sykora of Kitco News; email@example.com
Thursday April 19, 2018 08:52
Asanko Gold Inc. (TSX, NYSE American: AKG) reports first-quarter production of 48,229 gold ounces and sales of 48,899 ounces leave the company in line with its first-half guidance range of 90,000 to100,000 ounces. Asanko says it posted $64.2 million in gold revenue at an average realized price of $1,314 per ounce. “This is the second consecutive quarter that the mine has performed ahead of the optimized life-of-mine plan, which was introduced in late Q3 2017,” says Peter Breese, president and chief executive officer. “The mine performed exceptionally well and is ahead of plan on the key metrics of gold production, grade and mill throughput.”