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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
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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)

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