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 Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Other Companies

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


Leave a Reply