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GFI - Asanko Gold: More Upside To Come If Gold Stays Above $1500
Gold Fields Limited American Depositary Shares
Back in late March 2019, I wrote that Asanko Gold (AKG) could present an opportunity on its slide simply because of the cheap valuation and lack of immediate financial threats. As it turned out, the gold upside lifted almost all boats, and Asanko Gold shares doubled from lows seen in early June. However, the company's stock has yet to reach highs seen in 2018 while the gold price is materially higher.
Asanko Gold Mine is a joint venture between Asanko Gold and Gold Fields (GFI), Asanko Gold has a 45% economic