AngloGold starts year with 2% higher output despite flooding in Australia

AngloGold CEO Alberto Calderon

AngloGold CEO Alberto Calderon

10th May 2024

By: Marleny Arnoldi

Deputy Editor Online


Font size: - +

Gold miner AngloGold Ashanti has started the year off well, with a 2% increase in production to 581 000 oz for the quarter ended March 31, despite the impact of heavy rain and flooding on output in Western Australia.

CEO Alberto Calderon says the company is seeing greater consistency from most of its operations, including better performance from its Brazilian mines, while the Obuasi mine, in Ghana, continues to ramp up.

Notably, the Obuasi mine produced 54 000 oz of gold in the quarter in line with its mine plan as mining occurred in lower grade areas.

The company expects an annualised production rate of 360 000 oz for the mine by the third quarter.

In the quarter under review, the Cubiabá, Serra Grande, Kibali and Gita mines delivered 55%, 40%, 19% and 16% more production, respectively.

This increase was partly offset by lower production at the Siguiri mine, which recorded a 35% decrease in output owing to poor recoveries from carbonaceous ore.

The company also reported a 17% decrease in output from the Tropicana mine owing to tropical cyclone-induced flooding.

Both the Siguiri and Tropicana mines have since recovered to normalised gold production levels.

AngloGold expects its yearly production to be weighted to the second half of the year, particularly in the fourth quarter. The company set its guidance at between 2.59-million and 2.79-million ounces in February, which would increase to between 2.65-million and 2.85-million ounces by 2025.

The company’s gold mines are based in in Ghana, Guinea, Tanzania, Democratic Republic of Congo, Brazil, Argentina and Australia.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online



Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...


Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.221 0.268s - 128pq - 2rq
1: United States
Subscribe Now
2: United States