AngloGold Plans 900M Investment to Boost Output
AngloGold Ashanti will invest 900 million dollars to expand existing mines and lift annual gold production by at least 400000 ounces by the end of the decade. The major miner also reported a 12 percent increase in third-quarter EBITDA.
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AngloGold Ashanti PLC will invest $900 million to lift annual gold output by at least 400,000 ounces by 2030, leveraging existing mine expansions. The capital allocation follows a 12% rise in third-quarter EBITDA to $1.57 billion, bolstered by elevated bullion prices. The expansion strategy targets high-return output growth across multiple jurisdictions without requiring greenfield construction.
