Tropicana JV to boost production, extend mine life with $48m expansion

AngloGold gets going on $36 million expansion of Western Australia mine

Gold production over the remaining life of the Tropicana mine is forecast to be about 4 million ounces

The new strategy will add 2.1 million ounces of gold production to the Tropicana business plan, extending mine life by about seven years to 2027.

Long Island will involve a strip-mining approach that minimises waste haulage distances by using in-pit backfill rather than trucking the material long distances to surface waste dumps.

The Long Island strategy is estimated to cost $18 million, while the ball mill installation will be worth $28 million.

"This project is in line with our approach of developing cost-effective brownfield projects with attractive payback periods that extend life and improve margins", said AngloGold Ashanti's Australian senior vice-president, Michael Erickson.

AU expects gold production at the Tropicana mine of as much as 492K oz.in 2018 and at least 530K oz.in 2019; gold production over the remaining life of the mine is forecast at ~4M oz.

Tropicana, which is jointly owned by AngloGold Ashanti Australia (70 per cent) and Independence Group, is the state's third largest gold mine, with production of 432,00oz past year.

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