B2Gold and AngloGold pull Colombia gold project gold Colombia Americas projects mining
Joint venture partners B2Gold and AngloGold Ashanti are reviewing alternatives for their Gramalote project, in Colombia, after the preliminary optimised feasibility study for the project failed to impress.
The second way to improve economics was to expand the resource through additional infill drilling, thereby dividing the capital costs by more ounces. “Unfortunately, drilling is hard to predict. We didn’t get [the] additional ounces we hoped for,” Johnson says. Going forward, B2Gold and AngloGold will evaluate alternatives, including a smaller project approach or selling the asset.
The miner produced a total of 223 623 oz, including 14 765 oz of attributable production from Calibre Mining, slightly above budget by 1% and consolidated gold production of 208 858 oz from the company's three operating mines, in line with budget.
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