Asset’s reserves as at December 31, 2018 increased 4% to 1.9 million tonnes grading 11 grams per tonne of gold for 688,000 ounces, while measured and indicated resources increased 7% to 3.5Mt from a year earlier.
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It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.
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Brazil’s new right-wing government is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.
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The world’s No.3 producer of the metal used in electric vehicle batteries said the candidates will be “fair” and “responsible toward shareholders”.
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The country’s No.1 gold producer says the “brief” spill affecting the operation has already been halted and blamed vandals for destroying or stealing sections of the pipe it uses to move waste water.
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As part of the deal, Canada’s Royal Road Minerals will pay AngloGold around $4.6 million in cash, with further payments amounting to $35 million in total if certain milestones are reached.
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The company has started the permitting process for two high-grade satellite feeder pits that could increase production at its La India gold project in Nicaragua by 50% to 120,000 ounces a year.
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Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.
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Move is part of an increasing wave of investment by mining and energy groups into technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.
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A recent study has confirmed that about 27% of the diamonds at the company’s Orion South and Star exploration sites are type IIa, a category that represents less than 2% of all rough stones mined from kimberlites.
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