A spokesperson for AngloGold told BNamericas the company was continually reviewing opportunities to improve its asset portfolio. AngloGold was in conversations with other sectorial players, as it evaluates the best options for Córrego do Sítio, it said.
“At the moment, there are only discussions of proposals and possibilities for the site. There is no conclusion,” AngloGold said.
AngloGold produces around 510,000 ounces of gold in Brazil from its two mining complexes. Together, they account for 15% of the miner’s total global production, said Mining.com.
Calderon said it didn’t make sense to dedicate management time to a prospect that had little potential to increase reserves or build production beyond its current projected output of about 100,000 oz annually.
