AngloGold Ashanti’s Tropicana Mine Will Cost Up to 13 Percent More Than Forecast

Bloomberg reported that AngloGold Ashanti Ltd. (NYSE:AU) has overshot the estimated costs for its Tropicana mine by 13 percent.

As quoted in the market report:

The mine will cost A$820 million ($852 million) to A$845 million to build, the Johannesburg-based company said in a statement today. Gold production, estimated at 470,000 ounces to 490,000 ounces in the first three years, is planned to start during the quarter through December, said AngloGold, which owns 70 percent of the project. Independence Group NL (IGO) has the rest.

To view the whole Bloomberg report, click here.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
+ see more
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

Connect here and don't miss their next catalyst!

Learn More

Leave a Reply