Sukari is the country’s largest and first modern gold operation, as well as one of the world’s largest producing mines. The addition of the Sukari mine to its portfolio will increase AngloGold’s annual production by around 450,000 ounces, bringing its total output to 3.1 million ounces. Since production began in 2009, Sukari has produced more than 5.9 million ounces of gold, and has a projected mine life of 14 years. Agnico Eagle Mines (TSX, NYSE: AEM) has completed two major transactions since 2022, positioning itself among the top five producers of the precious metal by market value. South Africa’s Gold Fields (JSE, NYSE: GFI) bought in August Canada’s Osisko Mining (TSX: OSK) in a deal valued at C$2.16 billion ($1.6bn).

Source: The North Africa Journal October 15, 2024 17:03 UTC