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Stock impact report

AngloGold to expand Western Australia mine, boosting production [Seeking Alpha]

AngloGold Ashanti PLC Ordinary Shares (AU) 
US:NYSE Investor Relations: anglogoldashanti.com/investors
Company Research Source: Seeking Alpha
AngloGold to expand Western Australia mine, boosting productionAngloGold Ashanti (NYSE:AU) says it plans toincrease production and extend the life of its Tropicana joint venture mine in Western Australia, under its strategy to develop more cost-effective methods of mining.The planned A$48M (~US$36M) expansion of the mine, in which AU holds a 70% stake and Independence Group NL holds the rest, is expected to add 2.1M oz. and extend the mine’s life by about seven years to 2027.AU expects gold production at the Tropicana mine of as much as 492K oz. in 2018 and at least 530K oz. in 2019; gold production over the remaining life of the mine is forecast at ~4M oz.Now read:How To Get 2% Discount On Gold And Silver, 11% On Miners And 11% Dividend » Show less Read more
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