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Showing posts with the label TRADELINE GOLD LATEST NEWS:

TRADELINE GOLD LATEST NEWS:

Asanko Gold Inc. (TSX, NYSE American: AKG) reports a third-quarter loss but also lists record output. The loss was $0.3 million, or zero cents per share, compared to net income of $4.2 million, or 2 cents, in the year-ago period. The reduction was mainly due to lower mine operating earnings on the Asanko Gold Mine joint venture and the start of equity accounting for Asanko’s interest in the mine. Also, production costs and depreciation for the mine were higher than a year ago. The company lists an adjusted loss of $1.6 million, or a penny per share. Meanwhile, Asanko reports  r ecord quarterly gold production of 61,599 ounces. “ As we enter the final quarter of the year, with production of 163,329 ounces and AISC (all-in sustaining costs) of $1,072 year to date, the mine is well positioned to meet the top end of 2018 guidance of 200,000-220,000 ounces at AISC of $1,050-$1,150,” says  Peter Breese, president and chief executive officer.Torex Gold Resources Inc. (TSX: TXG), which ope