AngloGold Ashanti intends to invest up to $900 million to expand its brownfield operations within its portfolio, targeting a production increase of 300,000 to 450,000 ounces by 2030.
The investment will focus primarily on the Geita Gold Mine in Tanzania, the Siguiri Gold Mine in Guinea, Cuiabá in Brazil, as well as the ongoing expansion project at Obuasi in Ghana.
AngloGold Ashanti’s CEO stated in a release: “These are high-return, capital-efficient projects within our operating mines. They are expected to deliver high-margin ounces and unlock further value across our portfolio.”
Geita will receive the largest portion of funding, up to $580 million, to lift production to 600,000 ounces annually by 2030. The Cuiabá expansion will cost between $200 million and $250 million, with a production gain of approximately 75,000 ounces.
An additional $70 million will be allocated to the Siguiri Mine to target a 100,000-ounce production uplift.
Post time: Nov-06-2026
