The expansion at Tropicana Gold Mine, a joint venture between AngloGold Ashanti which holds a 70 percent interest and Independence Group NL, is expected to add 2.1 million ounces and extend the mine's life by approximately seven years to 2027.
AngloGold Ashanti Australia said the partners plan to start mining the Havana South and Boston Shaker pits before the next two major decisions are made.
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This phased approach provides optionality, and the flexibility to adjust to prevailing economic conditions AngloGold said.
Tropicana, which is jointly owned by AngloGold Ashanti Australia (70 per cent) and Independence Group, is the state's third largest gold mine, with production of 432,00oz past year.
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AU expects gold production at the Tropicana mine of as much as 492K oz.in 2018 and at least 530K oz.in 2019; gold production over the remaining life of the mine is forecast at ~4M oz.
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