AngloGold Tropicana mine produces first gold ahead of schedule, on budget AngloGold Ashanti announced that the Tropicana Gold Mine in Western Australia began production today ahead of schedule and within budget, adding new ounces at below the company's current average cost structure and so improving the overall quality of its portfolio. The estimated capital expenditure for the project remained unchanged at between A$820M-A$845M on a 100% basis. In the first three years the new mine will average production of between 470,000-490,000 ounces per annum at cash costs of between A$590/oz-A$630/oz.
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