AngloGold Ashanti development of Sunrise Dam completed

Company News

by Rachael Jones

AngloGold Ashanti (ASX:AGG) is pleased to report that the commissioning of the Recovery Enhancement Project at its Sunrise Dam Gold Mine in Western Australia was successfully completed on time.

The development of the large, high-grade Vogue orebody at the Mine is now underway.

This expected to result in an increase in production of around 25 per cent, to about 300,000 ounces in 2018.

AngloGold Ashanti will today map out the plan to sustain long-term production from the mine at 300,000 – 350,000 ounces a year, making this one of Australia’s most important gold mines and a cornerstone asset for the group.

Shares in AngloGold Ashanti (ASX:AGG) closed 5.53 per cent higher to $2.29 yesterday
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.