Stocks in play: Asanko Gold Inc.
Has received $10 million from its joint venture partner Gold Fields Limited. Asanko and Gold Fields completed a Joint Venture Agreement on July 31, 2018 whereby they became 50:50 joint venture partners of the Asanko Gold Mine (“AGM”), located in Ghana, West Africa, which is operated by Asanko. Part of that agreement included a $20-million cash payment that was contingent on an Esaase development milestone at the AGM. Following substantial achievement of that milestone in August 2019, Asanko has now received $10 million with the remaining $10 million to be paid on or before December 31, 2019. Asanko Gold Inc. shares T.AKG are trading down $0.08 at $1.28.