Asanko Gold, Inc.

Asanko Gold, Inc.

Asanko Gold, Inc.

Overview
Date Founded

1999

Headquarters

1066 West Hastings Street,Suite 680,Vancouver, BC V6E 3X2

Type of Company

Public

Employees (Worldwide)

1,730

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Asanko Gold, Inc. engages in the acquisition and exploration of mineral resources in West Ghana. Its projects include Esaase Gold and Asumura Gold. The company was founded by Ivan James Bebek and Shawn Kristen Wallace on September 23, 1999 and is headquartered in Vancouver, Canada.

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Executives & Employees

Director, President & Chief Executive Officer

Executive Chairman, Ghana

Chief Financial Officer, Secretary & Executive Vice President

Executive General Manager, the Asanko Gold Mine

Executive Vice President & Managing Director (Ghana)

Executive Vice President Strategy

Senior Vice President Projects & Engineering

Senior Vice President Organizational Capability

Senior Vice President Corporate Affairs & Sustainability

Senior Vice President Mineral Resources

Board of Directors

Associate Member at Lancaster Park SA

Co-Chief Financial Officer & Director at Magnitude Mining Ltd.

Director, President & Chief Executive Officer at Asanko Gold, Inc.

Secretary at Worldwide Cannabis Consortium, Inc.

President & Chief Executive Officer at Auryn Resources, Inc.

Former Managing Director at Bindura Nickel Corp. Ltd.

Global Head-Mining & Metals at Société Générale (Canada)

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Asanko Gold, Inc.
Owners & Shareholders
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Donald Smith & Co. specializes in managing value equity investments. The firm generally invests in stocks of out-of-favor companies that sell in the bottom decile of price-to-tangible book value ratios, and that have significant earnings potential over the next 2-4 years. They offer five long-only products: All Cap Value Equity, Large Cap Concentrated Value Equity, Midcap Value Equity, Small Cap Value Equity and Micro Cap Value Equity.

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Sun Valley Gold focuses exclusively on managing investments in the precious metals asset class. The firm utilizes option-pricing theories, probes mine sites and generates detailed inputs for cash flow and resource value models to capture above-average returns. They also use dynamic valuation modeling and warrant theory cash flow to determine accurate corporate valuations. For the metal itself, Sun Valley they utilize models that attempt to predict the effect of small changes in the variables of the supply and demand curves.

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Craton Capital is a value-oriented investment manager focused on absolute returns with a long- to very long-term investment horizon. The firm invests globally and focuses on commodity-related investments, particularly in the precious metal sector. Their investment approach is primarily bottom-up and targets companies priced below their intrinsic value, focusing on under-researched small- and mid-cap stocks.The firm's investment strategy combines top-down and bottom-up approaches, starting with an analysis of long-term investment mega-trends over various business cycles. Valuation modelling by sector supports their macro-economic analysis, leading to a multi-factor ranking process which emphasizes cash flow. Within this framework, stock picking targets companies traded at a discount, with value-creating potential, having a strategic advantage within their sector and exhibiting high internal rates of return with reinvestment capacity.The firm conducts in-house fundamental equity research and uses proprietary as well as third-party quantitative valuation models. The valuation process emphasize cash flow. Craton Capital also conducts top-down macroeconomic research to assist with portfolio modeling and identify macroeconomic market trends, which could potentially influence inter-sector relative performance.The firm's Global Resource hedge fund follows an equity long/short strategy aiming for market neutrality. Their Precious Metal fund follows a long-only strategy and focuses on companies active in the mining and processing of precious metals and commodities. The fund is invested in Australia, Canada, Europe, South Africa and the US.

Recent Transactions
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Asanko Gold, Inc. purchases Anglogold Ashanti Ltd. /Miradani Gold Project from Anglogold Ashanti Ltd.

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Asanko Gold, Inc. purchases Akwasiso Deposit

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Asanko Gold, Inc. issued Common Stock

Transaction Advisors
Manager

Advised onAsanko Gold, Inc. issued Common Stock

Auditor

Advised onAsanko Gold, Inc. issued Common Stock

Legal Advisor

Advised onAsanko Gold, Inc. issued Common Stock

Manager

Advised onAsanko Gold, Inc. issued Common Stock

Legal Advisor

Advised onAsanko Gold, Inc. purchases PMI Gold Corp.

Managing Director

Advised onAsanko Gold, Inc. issued Common Stock

Advisors & Consultants
Advisor

Chief Executive Officer, Director at Alio Gold, Inc.

Clients

Red Kite Group is a private equity firm located in Hamilton, Bermuda.

Key Stats and Financials As of 2017
Market Capitalization
$196M
Total Enterprise Value
$319M
Earnings Per Share
$0.04
Revenue
$316M
Net Profit
$7.89M
EBITDA
$146M
EBITDAMargin
46.1%
Total Debt
$198M
Total Equity
$539M
Enterprise Value Sales
1.01x
Enterprise Value EBITDAOperating
2.19x
TEVNet Income
40.47x
Debt TEV
0.62x
Suppliers
Volta River Authority Alternative Energy

Volta River Authority is a Ghanaian private company located in Accra. The firm generates, transmits and distributes solar, wind, hydro and thermal power.

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Inyanga Consolidated Investments (Pty) Ltd. provides engineering and project management services. Its principal business is engineering project management and process plant design. The company is headquartered in Johannesburg, South Africa.

Competitors
Torex Gold Resources, Inc. Non-Energy Mining & Minerals - Toronto, ON

Torex Gold Resources Inc. is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, an advanced stage gold exploration property, located 180km southwest of Mexico City. The Morelos Gold Project is only a four hour drive from Mexico City on paved roads. It is easily accessible and located near established centres of supply for materials and workers. Power for any mining operation would be available from a 115kV line that crosses over the Project and water for process and potable use could be sourced from nearby springs. The Project's current NI 43-101 mineral resource estimate stands at 4.8 million ounces of gold in the measured and indicated category plus an additional 600,000 ounces of gold in the inferred category. With a management team now in place, 100% ownership of a solid gold project with superb exploration upside and a strong balance sheet, the Company is committed to significantly increasing the current resource base through an aggressive exploration program, while at the same time, advance the Morelos Gold Project into production.

Pretium Resources, Inc. Non-Energy Mining & Minerals - Vancouver, BC

Pretium Resources, Inc. engages in the acquisition, exploration, and development of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain on October 22, 2010 and is headquartered in Vancouver, Canada.

SEMAFO, Inc. Non-Energy Mining & Minerals - Saint-Laurent, QC

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest. SEMAFO’s strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

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