AngloGold Ashanti,
the world’s third largest gold producer, said on Tuesday heavy rains in
Australia have affected output at its Sunrise Dam mine.
The company said in
a statement that while open pit mining has resumed, underground
operations remained suspended for safety reasons.
AngloGold said it
expects that Sunrise Dam, located 56 kilometres (35 miles) south of
Laverton in Western Australia, would achieve normal mining rates in the
June quarter.
“AngloGold Ashanti
is, therefore, expecting that first quarter guidance of 1.04 million
ounces will be negatively impacted by approximately 20,000 ounces with
a consequential impact on unit total cash costs,” the company said.
Africa’s top gold
miner, which has operations across four continents, also said the
group’s full year production guidance of 4.55-4.75 million ounces
remained unchanged.
