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Angostura (Au, Ag)

Project Stages

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Early Works
Current Stage: Scoping - PEA
In Construction
Operation
Project Details

Description

Angostura will be the first open pit gold-silver mine in Colombia. It is forecast to produce 7.7Moz gold and 34.5Moz silver during a 15-year mine life at a rate of 511,000oz/y gold and 2.3Moz silver. Total capex is estimated at US$1bn, of which US$638mn have been invested on initial works. The project is expected to require 1,500 workers during the construction phase and will then generate 850 jobs during the ensuing operational phase. During 2011 a study considered the possibility of developing the underground operation. As of June 2015, Angostura's measured resources reached 3.5Mt grading 4.55g/t gold and 28.7g/t silver.

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Principal Works

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Angostura (Au, Ag)
Project Type
Open pit mining
Development Phase
Scoping - PEA
Project Status
Active
Project Capacity
 Open pit mining
Investment
US$ 529mn
Lifespan
15
Location

Angostura is located in Santander province, 55km from Bucamaranga, in Colombia. Elevation of the property ranges between 2,600m and 3,400m above sea level.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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Purchasing Chief Colombia
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President and Chief Executive Officer
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