AngloGold Ashanti's gold production increased by 3% during the third quarter of 2023 compared to the previous quarter, continuing the company's momentum.
Its gold production increased to 673,000 oz in the third quarter of 2023 from 652,000 oz in the second quarter of 2023, due primarily to higher ore tonnes processed and partially offset by lower overall recovered grades.
It said gold production from its Africa region was 397,000oz for the quarter ended September 30, 2023, compared to 443,000oz a year earlier.
Gold production was 9% higher quarter-on-quarter at 397,000oz in the third quarter of 2023, compared to 365,000oz in the second quarter of 2023, mainly due to higher gold production at Kibali, Geita, Iduapriem, and Siguiri, partly offset by lower gold production at Obuasi.
"Gold production has improved in the third quarter of 2023 and is expected to step up again over the remainder of the year, in line with our guidance,” said Anglo Gold chief executive Alberto Calderon.
“We continue the work across a number of fronts to enhance our competitiveness versus our peers; our corporate restructuring is complete, we have continued to sharpen our operational and project focus, and we’re on track to deliver on our decarbonisation commitments."
Meanwhile, AngloGold said the decarbonisation programme has been advancing at both the Geita site, in Tanzania, and the Tropicana site in Western Australia.
It said preparation for connecting the mine site to the Tanzania grid, which has a high percentage of its power mix from renewable energy sources, is well advanced, while at the Tropicana project, works have commenced for the construction of a 62 MW wind and solar facility.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
