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Macmahon upbeat about prospects at Tropicana

25th January 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Mining volume targets at the Tropicana gold mine, in Western Australia, have been "significantly increased", contractor Macmahon Holdings reports.

The move followed a yearly review of the project with majority owner AngloGold Ashanti, and previous announcements by the miner that Tropicana will produce at a rate of between 450 000 oz/y and 490 000 oz/y from the second half of 2017 as grade streaming is reintroduced.

The increase in volumes will see Macmahon’s revenue from the Tropicana mine increase by around 25%.

Further production increases are anticipated if the Long Island study proves positive.

Long Island mining could potentially start in 2019, thereafter average gold production is expected to be between 400 000 oz/y and 450 000 oz/y.

Edited by Creamer Media Reporter

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