RE:News . A $ 6.1 million profit. Q2 Highlight - Now this what I like to hear. I think regardless of gold price moving forward, if they can get their AISC down, as they have said, this thing is going to start to become a cash cow. Q3 numbers and beyond we should start showing significant profit and well on the way to lift off.
"We are well positioned to meet 2019 production and cost guidance as we enter the second half of the year and focus on maximizing cash flow from the operations. With limited capital expenditure planned in the near term, we expect to see the benefits of the Cut 2 pushback at Nkran positively impact all-in sustaining costs during the last quarter in the year.
Looking forward, we have now aligned our development philosophy for the Asanko Gold Mine with our focus on near term free cash flow generation."