🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

BRIEF-AngloGold raises ore reserve, production outlook for Australia's Tropicana project

Published 15/12/2016, 04:13 pm
© Reuters.  BRIEF-AngloGold raises ore reserve, production outlook for Australia's Tropicana project
AGG
-

Dec 15 (Reuters) - AngloGold Ashanti Ltd ANGJ.J :

* AngloGold Ashanti lifts Tropicana ore reserve and production outlook

* Improved production outlook at Tropicana gold mine in Western Australia

* Improved outlook based on higher mining and processing rates along with a 45 pct increase in mine's ore reserve estimate

* Gold production is expected to increase to an annualized rate of between 450,000 - 490,000 ounce per annum from second half of calendar 2017

* Ore reserve estimate for Tropicana (100 pct project) has increased by 1.18 million ounces of contained gold, with all of this increase in Havana pit

* Mineral resource estimate for Tropicana (100 pct project) has increased by 1.73 million ounces of contained gold

* Further increases anticipated, depending on outcome of Long Island Study Source text for Eikon: Further company coverage: ANGJ.J

(Bengaluru Newsroom: +91 806 749 1136)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.