Strategy

CAG’s strategic objectives include:

• establishing CAG as a leading mid-tier African gold producer with world class exploration and production assets;
• fulfilling an initial target of 200,000 ounces of annualised low-cost gold production and 7.5 million ounces of resource by end 2008;
• increasing resource at Bibiani and commence bulk underground mining – current production 40,000 ounces per annum from tailings and 10,000 ounces per annum from underground mining in FY2007, increasing to 110,000 ounces of gold per annum of annualised production from underground mining by the end of 2008;
• quantifying potential of prospective properties in Mali, Botswana, Zimbabwe and Ghana with the implementation of comprehensive drilling programmes – Medinandi started in December 2006;
• leveraging in-house technology expertise (GIS, remote sensing and 3-D modeling) to identify and develop further projects; and
• building value for CAG stakeholders