1.4 - Nevada Project advancing as plannedĪngloGold Ashanti's project team has integrated the Corvus assets and project data during the first six months of 2022 to establish priorities for the remainder of the year. Stripping continued at Tropicana's Havana pit. Sunrise Dam has moved to the "Implementation" stage of the FAP process. Golden Delicious pit contributed higher volumes and higher grades. The Sunrise Dam's yield has improved by 17% year-on-year. The Australia operations produced 254K Oz at a total cash cost of $1,204/oz for the period ending on January 30, 2022. dollar in H1 2022, negatively impacting costs. The Brazilian Real is strengthening against the U.S. Heavy rains and flooding have impacted Brazil in Minas Gerais in H1 2022. The Americas operations produced 267K Oz at a total cash cost of $1,062/oz for the period ending on June 30, 2022. The initial Full Asset Potential (FAP) process is now completed at Siguiri. Obuasi is on track to achieve its annual production guidance between 240K oz - 260K oz. Siguiri continued to show meaningful improvement in grades and recovery rates. 30uapriem treated higher tonnes and higher grades as ore tonnes were mined from Teberebie Cut 2. The company indicated substantial contributions from Iduapriem and Siguiri. Operations produced 382K Oz at a total cash cost of $1,028/oz for the 3-month ended 30 June 2022. The Company continues to record an increasing underground grade trend, with underground grades increasing 10% year-on-year due to the progression of the Company's reinvestment in the portfolio. AngloGold Ashanti recorded a 10% quarter-over-quarter increase in production to 1,233K oz for H1 2022. The company owns producing assets and projects in three continents with advanced projects in Nevada, USA. I have been following AU's regularly since December 2020. Note: This article updates my previous article on AngloGold Ashanti, published on June 27, 2022. Johannesburg-based AngloGold Ashanti Limited ( NYSE: AU) released its 6-months results ending 30 June 2022 on August 5, 2022.
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