World's fourth-largest gold producer commits $900 million to expand gold mines in Tanzania, Guinea and Brazil as it seeks to add 400,000 ounces to annual output - Business Insider Africa

AI desk brief

AngloGold Ashanti plans roughly $900 million of mine expansions in Tanzania, Guinea and Brazil, targeting at least 400,000 additional ounces of annual gold output by 2030. Geita would receive $480–580 million to raise annual output from 492,000 ounces in 2025 to 600,000; Cuiabá and Siguiri expansions target additions of 75,000 and 100,000 ounces. The company forecasts real project returns above 35%, assuming a long-term gold price of $3,000/oz. These planned additions could expand longer-term supply if delivered, but the article establishes no material near-term bullion-price effect.