Intrinsic value of Asanko Gold - AKG

Previous Close

$0.68

  Intrinsic Value

$0.53

stock screener

  Rating & Target

sell

-22%

Previous close

$0.68

 
Intrinsic value

$0.53

 
Up/down potential

-22%

 
Rating

sell

We calculate the intrinsic value of AKG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  38.40
  35.06
  32.05
  29.35
  26.91
  24.72
  22.75
  20.98
  19.38
  17.94
  16.65
  15.48
  14.43
  13.49
  12.64
  11.88
  11.19
  10.57
  10.01
  9.51
  9.06
  8.65
  8.29
  7.96
  7.66
  7.40
  7.16
  6.94
  6.75
  6.57
Revenue, $m
  337
  455
  601
  777
  986
  1,230
  1,510
  1,827
  2,181
  2,572
  3,000
  3,464
  3,964
  4,499
  5,068
  5,670
  6,304
  6,971
  7,668
  8,398
  9,159
  9,951
  10,776
  11,634
  12,526
  13,452
  14,415
  15,416
  16,456
  17,538
Variable operating expenses, $m
  164
  221
  292
  378
  479
  598
  734
  888
  1,060
  1,250
  1,458
  1,684
  1,927
  2,187
  2,463
  2,755
  3,064
  3,388
  3,727
  4,081
  4,451
  4,836
  5,237
  5,654
  6,088
  6,538
  7,006
  7,492
  7,998
  8,524
Fixed operating expenses, $m
  81
  83
  84
  86
  88
  90
  92
  94
  96
  98
  100
  103
  105
  107
  109
  112
  114
  117
  119
  122
  125
  128
  130
  133
  136
  139
  142
  145
  148
  152
Total operating expenses, $m
  245
  304
  376
  464
  567
  688
  826
  982
  1,156
  1,348
  1,558
  1,787
  2,032
  2,294
  2,572
  2,867
  3,178
  3,505
  3,846
  4,203
  4,576
  4,964
  5,367
  5,787
  6,224
  6,677
  7,148
  7,637
  8,146
  8,676
Operating income, $m
  92
  151
  224
  313
  419
  542
  684
  845
  1,025
  1,224
  1,442
  1,678
  1,933
  2,205
  2,495
  2,802
  3,126
  3,466
  3,822
  4,194
  4,583
  4,988
  5,409
  5,847
  6,302
  6,775
  7,267
  7,779
  8,310
  8,863
EBITDA, $m
  181
  271
  383
  518
  679
  866
  1,082
  1,326
  1,599
  1,901
  2,232
  2,591
  2,977
  3,391
  3,830
  4,296
  4,787
  5,302
  5,842
  6,407
  6,996
  7,609
  8,248
  8,912
  9,602
  10,319
  11,065
  11,840
  12,645
  13,483
Interest expense (income), $m
  0
  18
  30
  45
  63
  86
  113
  144
  180
  220
  266
  316
  370
  430
  494
  562
  635
  712
  793
  879
  968
  1,061
  1,158
  1,260
  1,365
  1,475
  1,589
  1,708
  1,831
  1,959
  2,092
Earnings before tax, $m
  75
  122
  180
  250
  333
  429
  540
  665
  804
  958
  1,126
  1,308
  1,503
  1,712
  1,933
  2,167
  2,414
  2,673
  2,944
  3,227
  3,522
  3,829
  4,149
  4,481
  4,827
  5,186
  5,559
  5,947
  6,351
  6,771
Tax expense, $m
  20
  33
  49
  67
  90
  116
  146
  180
  217
  259
  304
  353
  406
  462
  522
  585
  652
  722
  795
  871
  951
  1,034
  1,120
  1,210
  1,303
  1,400
  1,501
  1,606
  1,715
  1,828
Net income, $m
  55
  89
  131
  182
  243
  314
  394
  486
  587
  699
  822
  955
  1,097
  1,249
  1,411
  1,582
  1,762
  1,951
  2,149
  2,355
  2,571
  2,795
  3,029
  3,271
  3,524
  3,786
  4,058
  4,342
  4,636
  4,943

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  979
  1,323
  1,746
  2,259
  2,867
  3,576
  4,389
  5,310
  6,339
  7,476
  8,721
  10,071
  11,524
  13,079
  14,732
  16,482
  18,326
  20,263
  22,292
  24,412
  26,624
  28,929
  31,327
  33,820
  36,412
  39,106
  41,905
  44,814
  47,838
  50,983
Adjusted assets (=assets-cash), $m
  979
  1,323
  1,746
  2,259
  2,867
  3,576
  4,389
  5,310
  6,339
  7,476
  8,721
  10,071
  11,524
  13,079
  14,732
  16,482
  18,326
  20,263
  22,292
  24,412
  26,624
  28,929
  31,327
  33,820
  36,412
  39,106
  41,905
  44,814
  47,838
  50,983
Revenue / Adjusted assets
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
Average production assets, $m
  799
  1,079
  1,424
  1,843
  2,338
  2,917
  3,580
  4,331
  5,170
  6,098
  7,113
  8,214
  9,399
  10,667
  12,016
  13,443
  14,947
  16,527
  18,182
  19,911
  21,715
  23,595
  25,551
  27,585
  29,699
  31,896
  34,179
  36,552
  39,018
  41,583
Working capital, $m
  -5
  -6
  -8
  -11
  -14
  -17
  -21
  -26
  -31
  -36
  -42
  -49
  -56
  -63
  -71
  -79
  -88
  -98
  -107
  -118
  -128
  -139
  -151
  -163
  -175
  -188
  -202
  -216
  -230
  -246
Total debt, $m
  265
  400
  567
  768
  1,007
  1,286
  1,605
  1,967
  2,372
  2,818
  3,308
  3,838
  4,409
  5,020
  5,670
  6,358
  7,082
  7,844
  8,641
  9,474
  10,344
  11,249
  12,192
  13,172
  14,190
  15,249
  16,349
  17,492
  18,681
  19,917
Total liabilities, $m
  385
  520
  686
  888
  1,127
  1,405
  1,725
  2,087
  2,491
  2,938
  3,427
  3,958
  4,529
  5,140
  5,790
  6,477
  7,202
  7,963
  8,761
  9,594
  10,463
  11,369
  12,311
  13,291
  14,310
  15,369
  16,469
  17,612
  18,800
  20,036
Total equity, $m
  594
  803
  1,060
  1,371
  1,740
  2,171
  2,664
  3,223
  3,848
  4,538
  5,293
  6,113
  6,995
  7,939
  8,942
  10,004
  11,124
  12,300
  13,531
  14,818
  16,161
  17,560
  19,015
  20,529
  22,102
  23,737
  25,436
  27,202
  29,038
  30,947
Total liabilities and equity, $m
  979
  1,323
  1,746
  2,259
  2,867
  3,576
  4,389
  5,310
  6,339
  7,476
  8,720
  10,071
  11,524
  13,079
  14,732
  16,481
  18,326
  20,263
  22,292
  24,412
  26,624
  28,929
  31,326
  33,820
  36,412
  39,106
  41,905
  44,814
  47,838
  50,983
Debt-to-equity ratio
  0.450
  0.500
  0.530
  0.560
  0.580
  0.590
  0.600
  0.610
  0.620
  0.620
  0.620
  0.630
  0.630
  0.630
  0.630
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
Adjusted equity ratio
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  55
  89
  131
  182
  243
  314
  394
  486
  587
  699
  822
  955
  1,097
  1,249
  1,411
  1,582
  1,762
  1,951
  2,149
  2,355
  2,571
  2,795
  3,029
  3,271
  3,524
  3,786
  4,058
  4,342
  4,636
  4,943
Depreciation, amort., depletion, $m
  89
  120
  158
  205
  260
  324
  398
  481
  574
  678
  790
  913
  1,044
  1,185
  1,335
  1,494
  1,661
  1,836
  2,020
  2,212
  2,413
  2,622
  2,839
  3,065
  3,300
  3,544
  3,798
  4,061
  4,335
  4,620
Funds from operations, $m
  143
  209
  289
  387
  503
  638
  792
  967
  1,162
  1,377
  1,612
  1,867
  2,142
  2,435
  2,746
  3,076
  3,423
  3,787
  4,169
  4,568
  4,984
  5,417
  5,868
  6,336
  6,824
  7,330
  7,856
  8,403
  8,972
  9,563
Change in working capital, $m
  -1
  -2
  -2
  -2
  -3
  -3
  -4
  -4
  -5
  -5
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -12
  -13
  -13
  -14
  -15
  -15
Cash from operations, $m
  145
  210
  291
  390
  506
  641
  796
  971
  1,167
  1,382
  1,618
  1,874
  2,149
  2,442
  2,754
  3,084
  3,432
  3,797
  4,179
  4,578
  4,994
  5,428
  5,879
  6,348
  6,836
  7,343
  7,870
  8,417
  8,986
  9,578
Maintenance CAPEX, $m
  -64
  -89
  -120
  -158
  -205
  -260
  -324
  -398
  -481
  -574
  -678
  -790
  -913
  -1,044
  -1,185
  -1,335
  -1,494
  -1,661
  -1,836
  -2,020
  -2,212
  -2,413
  -2,622
  -2,839
  -3,065
  -3,300
  -3,544
  -3,798
  -4,061
  -4,335
New CAPEX, $m
  -223
  -280
  -346
  -418
  -496
  -578
  -664
  -751
  -839
  -928
  -1,015
  -1,101
  -1,186
  -1,268
  -1,348
  -1,427
  -1,504
  -1,580
  -1,655
  -1,729
  -1,804
  -1,879
  -1,956
  -2,034
  -2,114
  -2,197
  -2,283
  -2,373
  -2,466
  -2,565
Cash from investing activities, $m
  -287
  -369
  -466
  -576
  -701
  -838
  -988
  -1,149
  -1,320
  -1,502
  -1,693
  -1,891
  -2,099
  -2,312
  -2,533
  -2,762
  -2,998
  -3,241
  -3,491
  -3,749
  -4,016
  -4,292
  -4,578
  -4,873
  -5,179
  -5,497
  -5,827
  -6,171
  -6,527
  -6,900
Free cash flow, $m
  -142
  -158
  -174
  -187
  -195
  -197
  -192
  -178
  -154
  -120
  -74
  -18
  50
  130
  221
  322
  434
  556
  688
  828
  978
  1,136
  1,302
  1,475
  1,657
  1,846
  2,042
  2,247
  2,458
  2,678
Issuance/(repayment) of debt, $m
  107
  135
  167
  201
  239
  279
  320
  362
  404
  447
  489
  531
  571
  611
  650
  688
  725
  761
  797
  833
  869
  906
  942
  980
  1,019
  1,059
  1,100
  1,143
  1,188
  1,236
Issuance/(repurchase) of shares, $m
  110
  120
  126
  129
  126
  117
  100
  73
  37
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  217
  255
  293
  330
  365
  396
  420
  435
  441
  447
  489
  531
  571
  611
  650
  688
  725
  761
  797
  833
  869
  906
  942
  980
  1,019
  1,059
  1,100
  1,143
  1,188
  1,236
Total cash flow (excl. dividends), $m
  75
  96
  119
  143
  170
  198
  228
  258
  288
  327
  415
  513
  622
  741
  870
  1,010
  1,159
  1,317
  1,485
  1,662
  1,847
  2,041
  2,244
  2,455
  2,676
  2,905
  3,143
  3,390
  3,647
  3,914
Retained Cash Flow (-), $m
  -165
  -208
  -257
  -311
  -369
  -430
  -494
  -559
  -625
  -690
  -755
  -819
  -882
  -944
  -1,004
  -1,062
  -1,119
  -1,176
  -1,232
  -1,287
  -1,343
  -1,399
  -1,456
  -1,514
  -1,573
  -1,635
  -1,699
  -1,766
  -1,836
  -1,909
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -90
  -112
  -139
  -168
  -199
  -232
  -266
  -301
  -337
  -363
  -341
  -307
  -261
  -203
  -133
  -52
  39
  141
  253
  375
  505
  643
  789
  942
  1,102
  1,269
  1,443
  1,624
  1,811
  2,005
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -86
  -103
  -121
  -138
  -154
  -168
  -180
  -188
  -193
  -190
  -162
  -131
  -99
  -68
  -39
  -13
  9
  26
  39
  48
  52
  53
  52
  48
  43
  37
  31
  25
  20
  15
Current shareholders' claim on cash, %
  73.1
  56.8
  46.4
  39.5
  34.9
  31.9
  29.9
  28.8
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3
  28.3

Asanko Gold Inc. is a gold producer. The Company has operations in the Republic of Ghana. The Company's segments include Canada and Ghana. The Company's principal asset is the Asanko Gold Mine (AGM) located in Ghana, West Africa. The Company's Project 5M will upgrade the plant's throughput to five metric tons per annum and expand mining operations to integrate the Esaase deposit, including the construction of a 27-kilometer overland conveyor. The Company is involved in open pit mining and conventional processing of gold ores mined in its Asanko Gold Mine in Ghana. The AGM concessions are located in the Amansie West district of the Ashanti region of Ghana. The Company holds four mining leases, as well as prospecting and reconnaissance licenses, which collectively make up the AGM and span approximately 30 kilometers strike length of the Asankrangwa Gold Belt. The Akwasiso deposit is located on the Nkran shear corridor. The Nkran Extension is located on the Nkran shear structure.

FINANCIAL RATIOS  of  Asanko Gold (AKG)

Valuation Ratios
P/E Ratio -10.6
Price to Sales 0.8
Price to Book 0.3
Price to Tangible Book
Price to Cash Flow 2.5
Price to Free Cash Flow -1.8
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -39.7%
Cap. Spend. - 3 Yr. Gr. Rate 52.5%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 37.3%
Total Debt to Equity 37.3%
Interest Coverage 0
Management Effectiveness
Return On Assets -2%
Ret/ On Assets - 3 Yr. Avg. -3.3%
Return On Total Capital -2.3%
Ret/ On T. Cap. - 3 Yr. Avg. -3.6%
Return On Equity -3.1%
Return On Equity - 3 Yr. Avg. -4.2%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 19.3%
Gross Margin - 3 Yr. Avg. 6.4%
EBITDA Margin 29%
EBITDA Margin - 3 Yr. Avg. 9.7%
Operating Margin -0.6%
Oper. Margin - 3 Yr. Avg. -0.2%
Pre-Tax Margin -1.1%
Pre-Tax Margin - 3 Yr. Avg. -0.4%
Net Profit Margin -7.4%
Net Profit Margin - 3 Yr. Avg. -2.5%
Effective Tax Rate -550%
Eff/ Tax Rate - 3 Yr. Avg. -171.6%
Payout Ratio 0%

AKG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AKG stock intrinsic value calculation we used $243.393 million for the last fiscal year's total revenue generated by Asanko Gold. The default revenue input number comes from 0001 income statement of Asanko Gold. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AKG stock valuation model: a) initial revenue growth rate of 38.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for AKG is calculated based on our internal credit rating of Asanko Gold, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Asanko Gold.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AKG stock the variable cost ratio is equal to 48.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $79 million in the base year in the intrinsic value calculation for AKG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 11.2% for Asanko Gold.

Corporate tax rate of 27% is the nominal tax rate for Asanko Gold. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AKG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AKG are equal to 237.1%.

Life of production assets of 9 years is the average useful life of capital assets used in Asanko Gold operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AKG is equal to -1.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $429.4 million for Asanko Gold - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 203.45 million for Asanko Gold is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Asanko Gold at the current share price and the inputted number of shares is $0.1 billion.

RELATED COMPANIES Price Int.Val. Rating
IAG IAMGOLD 3.08 1.50  str.sell

COMPANY NEWS

▶ Asanko Gold Reports Q3 2018 Results   [Nov-08-18 07:00AM  GlobeNewswire]
▶ Asanko Gold Senior Management Appointments   [Nov-07-18 07:00AM  GlobeNewswire]
▶ What Are The Drivers Of Asanko Gold Incs (TSE:AKG) Risks?   [Sep-11-18 09:15AM  Simply Wall St.]
▶ Andersons, Inc. to Host Earnings Call   [Aug-08-18 09:00AM  ACCESSWIRE]
▶ Asanko Gold Reports Q2 2018 Results   [Aug-02-18 07:00AM  GlobeNewswire]
▶ Asanko Gold Completes Gold Fields Joint Venture Transaction   [Jul-31-18 07:00AM  GlobeNewswire]
▶ Asanko Gold Announces Q2 2018 Production Results   [Jul-12-18 07:00AM  GlobeNewswire]
▶ Asanko Gold Results of Annual General Meeting   [Jun-08-18 05:00PM  GlobeNewswire]
▶ Asanko Gold Reports Q1 2018 Results   [May-10-18 07:00AM  GlobeNewswire]
▶ Asanko Gold Annual General Meeting Information   [May-03-18 05:30PM  GlobeNewswire]
▶ Top Growth Stocks in April   [Apr-25-18 12:02PM  Simply Wall St.]
▶ Asanko Gold Announces Q1 2018 Production Results   [Apr-19-18 07:00AM  GlobeNewswire]
▶ Best TSX Undervalued Companies   [Mar-24-18 10:02AM  Simply Wall St.]
▶ Top High Growth Stocks This Week   [Mar-18-18 12:02PM  Simply Wall St.]
▶ Asanko Gold, Inc. to Host Earnings Call   [Mar-15-18 07:00AM  ACCESSWIRE]
▶ Asanko Gold Q4 & FY 2017 Results Conference Call Details   [Mar-08-18 07:36AM  GlobeNewswire]
▶ Top 3 Cheap Stocks For The Month   [Feb-21-18 09:02AM  Simply Wall St.]
▶ Top 3 Stocks Insiders Bought More Of   [Feb-14-18 08:02AM  Simply Wall St.]
▶ Top Cheap Stocks To Buy Today   [Jan-21-18 09:02AM  Simply Wall St.]
▶ Factors That May Dent Gold Industry Momentum   [Jan-17-18 04:38PM  Zacks]
▶ Gold Mining Stock Outlook - January 2018   [Jan-16-18 05:02PM  Zacks]
▶ ETFs with exposure to Asanko Gold, Inc. : January 2, 2018   [Jan-02-18 11:02AM  Capital Cube]
▶ Asanko Gold Site Visit Presentations   [07:00AM  Marketwired]
▶ Asanko Gold, Inc. to Host Earnings Call   [Nov-03-17 07:20AM  ACCESSWIRE]
▶ Asanko Gold Reports Q3 2017 Results   [07:18AM  Marketwired]
▶ Asanko Gold Announces Q3 2017 Production Results   [Oct-19-17 07:00AM  Marketwired]
▶ Factors Likely to Hinder Gold Industry Growth   [Sep-22-17 04:52PM  Zacks]
▶ Asanko Gold Operational Update   [Sep-21-17 07:00AM  Marketwired]
▶ ETFs with exposure to Asanko Gold, Inc. : August 21, 2017   [Aug-21-17 03:42PM  Capital Cube]
▶ Asanko Gold posts 2Q profit   [Aug-04-17 12:58AM  Associated Press]
▶ Asanko Gold Reports Q2 2017 Results   [07:00AM  Marketwired]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.