Independence Group yesterday announced that the Tropicana Gold Mine in Kalgoorlie in Western Australia celebrated the production of its 1 millionth ounce.
The Tropicana Gold mine is a joint venture between AngloGold Ashanti Australia and Independence Group. The joint venture was formed in 2002. AngloGold Ashanti owns 70%, while Independence Group owns 30% of the mine. Gold production at Tropicana began in 2013.
The 1 millionth ounce of gold produced at Tropicana was celebrated with a special event that was attended by representatives from both companies, as well as a number of the operation’s business partners.
“This is a tremendous achievement with Tropicana delivering its one millionth ounce within the time frame envisaged by the feasibility study and is testament to the quality of the AngloGold Ashanti management team. Tropicana remains one of Australia’s longest life, lowest cost open pit gold mines of scale and we are excited by the potential to extend the mine life,” said Peter Bradford, Managing Director of Independence Group NL in an ASX Announcement.
South Africa based AngloGold Ashanti has 19 gold mining operations in nine countries, as well as several other exploration projects all over the world.
“We poured first gold at Tropicana in September 2013 and the fact that the mine has produced its millionth ounce on schedule is testament to the hard work of everyone at the site and the support of our business partners,” said Michael Erickson, Senior Vice President Australia.