Today we review Asanko Gold. What is Asanko Gold Inc? How does it work? What do they offer you as an investor? Is it Legit? Are there better alternatives for you? This is just a few of the questions we help you answer in this review! Ok, with that being said, let´s start!
Name of the company: Asanko Gold Inc.
Official Website URL: https://asanko.com/
CEO: Greg McCunn
Products: Gold, Gold stocks
Gold production has been a commercial activity that has benefitted many stakeholders since time immemorial. There are several companies that have occupied a couple of niches whose performance is determined by the presence and absence of gold. The gold production ecosystem is, therefore, a very expansive one and is one that we all deserve to know about, in terms of who the major players in it are. In this review, we shall be looking at Asanko Gold Inc, which is a famous company in the realm of precious metal mining. The main areas we shall cover include:
– What is this company all about?
– How are its main operations distributed and managed?
– What are the main products offered by this company?
– Is it a legit company?
– Can you rely on its products to invest?
– What are the alternatives to Asanko Gold?
– What are its main pros and cons?
What is Asanko Gold Inc?
Asanko Gold is a mid-tier low-cost gold production company that is based in Ghana. Its vision has been to remain at the forefront of the pack by diving into projects that enable it to have organic production growth and exploration, on the basis of strategic moves that are a reflection of the disciplined deployment of the monetary and labour resources.
Asanko Gold is based in Ghana, a country that has a good reputation in as far as mining jurisdictions are concerned. This country has actually come to be recognized as one that has very skilled miners, owing to the fact that it is the 8th largest producer of Gold in the entire world. With a stable and very functional government, Asanko is able to proceed with its activities unaffected by any political pressure. This way, the financial performance of Asanko gradually becomes better, as its total annual production increases.
How it works
Asanko Gold’s effectiveness is showcased in the management of its mining and exploration activities in the mine it owns. It currently has a 45% stake in the Asanko Gold Mine and Gold Fields, which are co-owned with Gold Fields Limited and the Government of Ghana. This mine is managed and operated by Asanko Gold Inc.
The Asanko Gold Mine exists a multi-deposit complex, which is comprised of Nkran and Esaase that are regarded as this company’s main deposits, as well as nine satellite deposits that are located in the famous Asankrangwa Gold Belt.
This company also runs a 5Mtpa CIL processing plant that has been in operation since January 2016. By 2018, Asanko Gold had managed to scale up the production of gold at the mine to 223,152 ounces. It is currently targeting to further increase this production to anything between 225,000 and 245,000 ounces.
There are approximately 2400 employees in the mine, who are all entrusted with the production activities. Only 1% of these employees are foreigners, to mean that Asanko Gold is a company that fully supports local development.
Asanko’s operation in its mines gives rise to gold which is then supplied to those people who need it in the agreed quantities. The demand for quality gold in the market is quite large, to mean that it is highly unlikely for Asanko Gold to end up with unsold gold (and gold ores). You can, therefore, purchase gold from this company in order to fulfil your own trading or value-addition needs.
This company also offers gold stocks that anyone who meets the set qualifications can purchase. The stocks trade under the following tickers:
– AKG- In the New York Stock Exchange
– AKG-in the Toronto Stock Exchange
Asanko Gold, therefore, qualifies as a very valuable company which you can benefit from as an investor or trader, by simply picking and purchasing the product that favours your immediate and long-term money-making objectives.
Is Asanko Gold a Legit company?
Asanko Gold is a genuine company, and it also offers genuine products. It co-owns its Asanko Gold Mine with Gold Fields whose stocks are publicly traded in NYSE as GFI. This mine, along with the exploration field has also attracted the interest of the Ghanaian government, thus it’s close to impossible for this company to doing illegal operations. Asanko Gold answers to Gold Fields Limited and the Ghanaian government since it is in charge of controlling the operations in the mine.
You can view the information on this company’s stocks on Yahoo Finance, which avails all historical data that is pertinent to the decision-making process on whether to purchase Asanko Gold’s stocks or not.
If you are looking forward to making investment income, Asanko Gold will serve you just right. You will, however, require to base your investment decisions on solid data and facts. If you have not been in the field of mining or you are not a stocks expert, you might have a very tough time making rowing through the unstable investment arena.
Which is the reason I am about to present the most suitable alternatives that you can pick up and see to it that you invest like a mining magnate, and or get your money into something that will not disappoint?
Alternatives to Alamos Gold
For starters, it is always an unspoken rule in the realm of investments that every money deployment move into any asset should be backed up by sufficient knowledge. Not any source of information will do since there are very many frauds out there, thus you need to have access to valuable facts that will accurately guide your investment decisions. My number one recommendation, in this case, is Resource Insider. You are not just looking for a lot of theoretical data that does not show you what to do; you are after the practicality of the information offered, and this is exactly Resource Insider offers. You will find yourself making investment moves that have a solid foundation, and you stay ahead of your peers with the very lucrative private deals offered through Resource Insider.
I would also like to introduce the fact that I am not a fan of gold stocks. The fluctuations experienced with such investment instruments may favour some traders but may end up draining the capital invested by a very large number of investors. You will also come to learn that very many factors determine the state of any stock that is publicly traded, and most of these factors are beyond your control. Which is the reason you might want to invest in physical gold through a firm that offers gold IRAs, such as GoldCo. With the very professional guidance as well as custodial services offered by Regal Assets, you can invest in this very stable asset, and end up earning a very impressive investment income over a long period of time.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positive sides against the negative ones to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Mine is located in a very stable political territory
– Mines are co-owned with other main shareholders thus is under the pressure to mine responsibly and perform well
– Offers stocks listed in NYSE and TSX
– Stocks offered may not be a good investment.
– It is still young in the production arena
Do You Own or represent Asanko Gold Inc?
If you are a representative, or associate of Asanko Gold Inc and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (3.5 / 5)
Ok, I think that sums up the overall view of Asanko Gold Inc pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Asanko Gold Inc to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com