AngloGold Ashanti re-launches Ghana gold mine

Photo: AngloGold Ashanti

AngloGold Ashanti has reported its first pour of gold from the Obuasi gold mine in Ghana five years after mining activities were suspended, with plans to mine 2,000 tons per day during 2020, and 4,000 tons per day by the end of next year.


Graham Ehm, AngloGold Ashanti’s Executive Vice President of Group Planning and Technical, said in a statement that the company “will be focused on ramping up production through next year”.


“The mine will be producing gold at an average run-rate of 350,000oz – 400,000oz per year for the first ten years, and above 400,000oz over the life of mine at all-in sustaining costs of around $800/oz,” ac-cording to the statement.


The initial project capital for the Obuasi gold mine is in the range of $495 million to $545 million, allocated between 2018 and 2020, An-gloGold Ashanti says.