AngloGold Ashanti’s Arthur Project Holds 4.9Moz Reserve, $1.7B NPV at $2,715 Gold
AU•AngloGold Ashanti reported a Probable Mineral Reserve of 4.9 million ounces at its Arthur Gold Project in Nevada, supporting a nine-year mine life with annual production of 500,000 ounces. The project’s AISC is $954 per ounce and yields an after-tax NPV5% of $1.7 billion at a $2,715 gold price.
1. Probable Mineral Reserve Details
AngloGold Ashanti declared a first-time Probable Mineral Reserve of 4.9 million ounces of gold at its Arthur Gold Project in Nevada's Beatty Mining District. This reserve underpins an initial mine life of nine years with average production of 500,000 ounces annually.
2. Project Economics
The project's all-in sustaining cost stands at $954 per ounce. At a gold price of $2,715 per ounce, the Arthur Project delivers an after-tax net present value of $1.7 billion using a 5% discount rate.
3. Next Steps
The pre-feasibility study will be presented to the company's board in June 2026 for approval to advance to the feasibility stage. Parallel aggressive drilling programs are underway to expand mineral resources and refine technical studies.
