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Capital Drilling Plc

AngloGold Ashanti increases gold production to surpass 250,000 oz per annum

AngloGold Ashanti Iduapriem will for the first time in its history increase its gold production for 2018 to surpass a 250,000 oz per annum.

This compares favourably to the actual production of 214,000 oz and 228,000 oz for 2016 and 2017 respectively. The mine has ambitious yet realistic plans to increase production to above 270,000 ounces for the 2019 financial year.

Speaking on the sidelines of the 4th Ghana Chamber of Mines Industry Awards held recently in Accra, Jasper Musadaidzwa, Managing Director of AngloGold Ashanti Iduapriem Limited said the company had two years ago, set itself the goal to cross the quarter-million ounces mark by 2018.

 

Capital Drilling provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.