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AngloGold spends big in search of grade boost at Sunrise Dam

AngloGold Ashanti’s big exploration spend at Sunrise Dam in Western Australia is set to pay dividends, with the gold major expecting to turn around recent cost escalation at the 25-year-old mine on the back of a significant new underground discovery and a restart to openpit mining.

AngloGold spends big in search of grade boost at Sunrise Dam AngloGold spends big in search of grade boost at Sunrise Dam AngloGold spends big in search of grade boost at Sunrise Dam AngloGold spends big in search of grade boost at Sunrise Dam AngloGold spends big in search of grade boost at Sunrise Dam

AngloGold Ashanti general manager Richard McLeod speaks at Diggers and Dealers 2020

Australia accounts for about 20% of AngloGold's global gold output: 619,000oz last year.

Production in the first six months of this year - not impacted by COVID - was 260,000oz at AISC of US$1,166/oz.