Tropicana Gold Mine is one of the largest gold mines in Australia, owned and operated by AngloGold Ashanti. The mine is known for its high-grade gold deposits and sustainable mining practices. In this blog post, we’ll take a closer look at the Tropicana Gold Mine, including its location, operations, production, sustainability efforts, and financials. We’ll also explore how Ark Analytics’ ProspectPro Tool can help investors and miners discover more about this mine and other opportunities in Australia.
Overview of Tropicana Gold Mine:
The Tropicana Gold Mine is located in the Great Victoria Desert, approximately 330 kilometers east-northeast of Kalgoorlie in Western Australia. It is a joint venture between AngloGold Ashanti Australia Pty Ltd (70% and manager) and Independence Group NL (30%). The mine was discovered in 2005 and has been in operation since 2013. The current mine life is expected to be around 10 years, with the potential for further exploration.
Location and Ownership:
The Tropicana Gold Mine is located in Western Australia and covers an area of 3,600 square kilometers. It is situated in the Traditional Owners’ native title area, and AngloGold Ashanti has established a strong relationship with the local communities. As for ownership, AngloGold Ashanti Australia Pty Ltd owns a 70% stake in the mine, while Independence Group NL owns the remaining 30%.
Operations and Production:
The Tropicana Gold Mine is an open-pit mine that uses conventional drilling, blasting, and excavation methods to extract the gold ore. The mine produces both gold and silver, with an annual production capacity of around 480,000 ounces of gold and 15,000 tons of copper concentrate. The mine also employs over 1,200 people, making it a significant contributor to the local economy.
Sustainability and Environment:
AngloGold Ashanti is committed to sustainable mining practices at the Tropicana Gold Mine. The company has implemented various initiatives to minimize the environmental impact of mining, including water management, biodiversity protection, and waste reduction. The mine is also certified to ISO 14001, an international standard for environmental management.
Financials and Stock:
As a publicly-traded company, AngloGold Ashanti’s financials and stock are available for public viewing. In 2021, the company reported a revenue of $4.9 billion and a net income of $953 million. The company’s stock is listed on several exchanges, including the New York Stock Exchange and the Johannesburg Stock Exchange.
Prospecting with Ark Analytics’ ProspectPro Tool:
Investors and miners who are interested in exploring the Tropicana Gold Mine further can use Ark Analytics’ ProspectPro Tool. This tool provides detailed information on mining projects in Australia, including location, ownership, operations, financials, and sustainability. ProspectPro is a powerful tool for discovering new opportunities in the mining industry and making informed investment decisions.
With ProspectPro, you can:
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Identify new investment opportunities in the mining industry
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Analyze mining projects and their potential returns
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Access comprehensive data on mining projects in Australia
Try ProspectPro for Free:
If you’re interested in trying ProspectPro, you can sign up for a free trial. This trial will give you access to the tool’s full functionality, allowing you to explore the Tropicana Gold Mine and other mining projects in Australia.
Conclusion:
The Tropicana Gold Mine is a significant mining project in Australia, known for its high-grade gold deposits and sustainable mining practices. Investors and miners who are interested in exploring this mine further can use Ark Analytics’ ProspectPro Tool to gain valuable insights into its operations, ownership, financials, and sustainability efforts. With the help of ProspectPro, investors can make informed decisions about investing in this mine and other opportunities in the mining industry in Australia.
