Production
Located in Ghana, West Africa, the Asanko Gold Mine is Galiano’s flagship asset since 2016. A parity join venture with Gold Fields, it is managed and operated by Galiano, with a 10% interest held by the Government of Ghana.
The Asanko Gold Mine is a multi-deposit complex, with two main deposits, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a 5Mtpa carbon-in-leach (CIL) processing plant. Gold production commenced in January 2016 and commercial production was declared on April 1, 2016.
In 2019, the mine exceeded the upper-end of guidance with record gold production of 251,044 gold ounces. In 2020 the mine is targeting approximately 245,000 ounces of gold production at all-in sustaining costs of approximately $1,150/oz (100% basis).
Approximately 2,600 people are employed at the mine. 99% of the total workforce are Ghanaians, of which around 53% are from our local communities.
The Asanko Gold Mine has a downstream tailing storage facility, further details are available here: Asanko TSF Disclosure
Geology
The Nkran deposit is located within the Kumasi Basin on the "Asankrangwa gold belt". The basin is bound to the south by the Ashanti Fault/Shear and the Bibiani shear to the north. The Asankrangwa gold belt expresses itself as a complex of northeast trending shear zones situated along the central axis of the Kumasi Basin. The Nkran deposit is located on a jog along the regional Nkran Shear, which is a zone of about 15 km in width and may be traced on a northeast to southwest trend for a distance of some 150 km. This is one of several major northeast trending shears/structures that bisect the Kumasi Basin/Asankrangwa Gold Belt.