Asanko Gold, the Toronto-listed company in a joint venture (JV) with Gold Fields in Ghana, has significantly strenghted its balance sheet this year and will finish 2019 with about $35-million in cash and receivables, with no debt.
The miner has received the final $10-million payment of the gross proceeds of $185-million associated with the 2018 JV agreement with Gold Fields, which made the companies 50:50 partners in the Asanko gold mine (AGM).