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Ashanti Gold Corp. (CVE:AGZ)

Ashanti Gold Corp. (CVE:AGZ)

Share Price
$ 0.06
0.005 (9.09 %)
Market Cap
$3.69 m
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Ashanti Gold Corp.

Ashanti Gold Corp. is a developing gold exploration and mine development company. Ashanti works where it has a competitive advantage, where being a nimble group with decades of know-how in the West African gold mining space can have a real impact. Our goal is to develop assets effectively, work as a good corporate citizen and provide superior returns to our investors with our portfolio of...

Market: TSX-V:AGZ
52-week High/Low: C$0.26 / C$0.06
Sector: General Mining - Gold
Market Cap: C$3.69M

Ashanti Gold Corp.

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Ashanti Gold Corp. Snapshot

KOSSANTO EAST PROJECT - to read more click here.


ASHANTI BELT PROJECT- to read more click here.

Ashanti Belt Project - Ashanti Gold Corp
Figure 1. Location map of the Project, Newmont’s Akyem mine and Ashanti’s Anumso Project within the broader Ashanti greenstone belt.


ANUMSO GOLD PROJECT to read more click here.

Anumso Gold Map


Tim McCutcheon
CEO and Director

Mr. McCutcheon is a capital markets professional and mining corporate manager with over 20 years of international business experience. He worked in multiple financial institutions such as Bear Stearns, Aton Capital and Pioneer Investments as an award-winning metals and mining sector analyst and as an investment banker. In 2006 he was a founder of DBM Capital Partners, a boutique mining resource merchant bank with AUM of $130M and $100M completed M&A before being sold to a UK-based hedge fund in 2009. Since 2009, Mr. McCutcheon has been a director/CEO of several public Emerging Markets mining resource companies with assets in Russia, Kyrgyzstan, Slovakia and Ghana. Mr. McCutcheon in 2012 – 2013 served as CEO of Abzu Gold, a Kinross earn-in partner in Ghana, and successfully turned the company around with a refinancing package, new investor base and corporate restructuring. Mr. McCutcheon attended Columbia University, where he received his BA and MBA.

Grant Sinitsin

Mr. Sinitsin serves as the Head of the Moscow Natural Resource Advisory Group for Garber, Hannam & Partners (formerly Fleming Family & Partners (Russia) Limited). Mr. Sinitsin has 25 years of experience in the resource and investment banking industries, including 20 years based in Moscow. Over his career, he has been a Senior Equity Analyst for Fleming UCB where he covered the Russian metals and mining sector. He serves as a Non-Executive Director of Lubel Coal Company Ltd. Mr. Sinitsin holds a Bachelor of Commerce degree from the University of British Columbia and is a Chartered Financial Analyst.

Jonathan Henry

Mr. Henry (50) has been President and Chief Executive Officer of TSX-listed Gabriel Resources Ltd. since June 2010. Between 1994 and 2010 he worked with Avocet Mining PLC (“Avocet”), a UK based and listed gold producer and now a West African gold mining and exploration company operating the Inata Gold Mine in Burkina Faso. At Avocet he worked in a variety of senior management capacities including Finance Director and Chief Executive Officer from 2006-2010. During his tenure at Avocet he oversaw successful exploration, feasibility study, mine development and capital funding activities, plus a number of acquisitions and disposals of mine assets in Portugal, Peru, USA, Tajikistan, Burkina Faso, Malaysia and Indonesia. Avocet’s activities during Mr. Henry’s tenure as CEO included the company’s revised focus on gold mining and exploration in West Africa. Mr. Henry has an honours degree in Natural Sciences from Trinity College, Dublin. He is based in London, UK.

Paul Klipfel
COO and Chief Geologist

Dr. Klipfel has 35 years of gold exploration leadership and project development experience in North America, South America, Australia, South Pacific, Africa, and Asia working for major and junior explorers. He has been a contributor to the discovery process on several major gold deposits including Las Cristinas, Venezuela (>12 Moz); Musselwhite, Ontario, Canada (>5 Moz); Esaase, Ghana (>5 Moz); Livengood, Alaska, USA (>10 Moz). Dr. Klipfel was President of Abzu Gold from 2010 – 2013, working in Ghana on the development of gold properties, including in the Ashanti belt area. Dr. Klipfel has graduate degrees from the Colorado School of Mines and from the University of Idaho, as well as a doctorate degree from the Colorado School of Mines.

Jacqueline Collins
Corporate Secretary

Ms. Collins is a Securities/Corporate Finance Paralegal with over 25 years’ experience as a legal administrator, corporate secretary and paralegal at both independent and national law firms, and with public resource companies.

Ann Fehr
Chief Financial Officer

Ms. Fehr is a chartered professional accountant with over 15 years’ experience in senior management and has worked in the mining sector since 2007.


Major Shareholders
Donald Smith Value Fund 14%
Specialist mining/gold funds 14%
Retail 53%
Small cap funds 10%
Management & insiders 9%

Head Office

2300 - 1177 West Hastings Street
Vancouver, BC V6E 2K3

Telephone: 604-638-3847
Email: [email protected]

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