ANGLOGOLD Ashanti’s gold production for the three months ended March 31 this year decreased marginally by 1%, mainly due to lower grades mined at the underground mine as a result of mine sequencing, it said on Friday.
In its quarterly results for the period, gold production decreased marginally by 4 000 ounces from 588 000 ounces for the three months ended March, 31, 2022, to 584 000 ounces. “Gold production decreases were recorded at Kibali, Siguiri, Tropicana, AngloGold Ashanti Mineração, and Serra Grande. At Kibali, gold production decreased by 12 000 ounces, or 16%, from 76 000 ounces,” the group said.
It flagged that gold production was steady year-on-year as AngloGold continued to progress reinvestment in key assets to improve operating flexibility and…