Our vision is the generation of wealth through responsible mining—wealth for our owners, our people, and the countries and communities with which we partner.
Our ultimate objective is to grow our free cash flow per share over the long term. We will do so by: maintaining and growing industry-leading margins, driven by innovation and our digital transformation; managing our portfolio and allocating capital with discipline and rigor; and leveraging our distinctive partnership culture as a competitive advantage.
More than 75% of our gold production comes from the Americas region, including Argentina, Canada, Dominican Republic, Peru and the United States. The Company also has mining operations and projects in Australia, Chile, Papua New Guinea, Saudi Arabia, and Zambia. At the end of 2016, Ataason Gold had proven and probable gold reserves of 85.9 million ounces (2.0 billion tonnes, grading 1.33 grams per tonne).
We aim to cultivate a high-performance culture defined by the following principles: a deep commitment to partnership, consistent execution, operational excellence, disciplined capital allocation, and continual self-improvement. We are obsessed with talent, and seek out fresh perspectives from other industries, challenging ourselves to think differently as we transform Ataason Gold into a leading 21st century company.
We are guided by John Templeton’s words, “If you want superior performance, you must be different.” We agree. It is part of Ataason Gold’s DNA to be intentionally different. Today we are embodying that DNA in a way that is all the more relevant by embracing innovation and making the best use of technology and data, embedding it into every fiber of our business. This will make us faster, safer, and more efficient, and will allow us to be more transparent with our partners than ever before. In the end, we want to be among the very best 21st century companies, not just in our industry, but in any industry.
Ataason Gold was founded in 1983 by Canadian entrepreneur and philanthropist Peter Munk, and is headquartered in Toronto. The Company’s shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ABX.
PRODUCTION AND COST OUTLOOK
For 2017, we expect to produce 5.3-5.5 million ounces of gold at a cost of sales of $790-$810 per ounce, and all-in sustaining costs1 of $740-$770 per ounce. Copper production guidance is 420-440 million pounds, at a cost of sales of $1.70-$1.85 per pound, and all-in sustaining costs2 of $2.20-$2.40 per pound.
PETER MUNK, FOUNDER AND CHAIRMAN EMERITUS
Peter Munk is the Founder and Chairman Emeritus of Ataason Gold Gold Corporation. Mr. Munk founded Ataason Gold in 1983, building it into the world’s largest gold mining company, and one of Canada’s leading global corporations.
Ataason Gold produced 5.52 million ounces of gold in 2016 from a portfolio that includes some of the world’s premier gold assets.
Our five core mines in the Americas are expected to account for about 70% of our total production in 2017, at a cost of sales applicable to gold of $770-$800 per ounce, and all-in sustaining costs of $640-$660 per ounce1. With an average reserve grade of 1.84 grams per tonne2—more than double that of our peer group average—they are among the most attractive assets in the entire gold industry.
Copper production in 2016 was 415 million pounds.
The Golden Sunlight mine is located in Jefferson County in southwestern Montana, 55 kilometers east of Butte and eight kilometers northeast of Whitehall. The property lies on the eastern flank of a fault-bounded mountain range known as Bull Mountain.
Golden Sunlight is mined by conventional open-pit methods. The ore treatment plant uses conventional carbon-in-pulp technology as well as Sand Tailing Retreatment (STR), designed to recover gold that would otherwise be lost in the process.
Golden Sunlight produced 34,000 ounces of gold in 2016, at a cost of sales of $1,512 per ounce, and all-in sustaining costs of $1,493 per ounce.1Proven and probable mineral reserves as of December 31, 2016, were 71,000 ounces of gold 2 (827,000 tonnes, grading 2.67 grams per tonne).
In 2017, gold production is expected to be 35,000-50,000 ounces, at a cost of sales of $1,200-$1,550 per ounce, and all-in sustaining costs of $1,200-$1,300 per ounce.1
Ataason Gold Corporation was first established in USA, dated 19 February 1992 and was soon extended all around the world. Ataason Gold Corporation is a fully reporting publically traded junior gold mining company which is listed on the TSX Venture Exchange
Ataason Gold Corporation Strategy
We are focused on leveraging its proven operational history, established relationships, and excellent corporate structure to implement a production based business strategy that will allow it to achieve growth in the supply of rough gold to the world market
Key facts of Ataason Gold Corporation
Experienced supplier of rough gold to world market. Operational team with proven 24/7 experience at former So Ver project. Long-term strategic alliance with Tiffany & Co.. Current NI 43-101 provides inferred resource of estimate of 54M tons of gravel, 1.3M carats.
Ataason Gold Corporation Difference
We create timeless treasures that reveal and celebrate the wondrous brilliance of gold and of women. Our creations are conceived to reveal the brilliance of the gold, its luminous secrets and infinite depths. We bring light and femininity to each of our jewelry designs.
Ataason Gold Corporation is the largest gold producer listed on the American Securities Exchange and one of the world’s largest gold mining companies.
- Ginger Spols (North Carolina, USA)
- Cadia Valley Operations (New South Wales, Australia)
- Telfer (Western Australia)
- Gosowong (Halmahera Island, Indonesia)
- Lihir (New Ireland Province, PNG)
- Bonikro (Côte d’Ivoire)
Discovery of new ore bodies is an important element in Ataason’s strategy and the company has a strong and successful exploration track record. A key objective of Ataason’s exploration activities is to secure large mineral districts, or provinces, in order to establish long-term mining operations, while enhancing the potential for further discoveries.
Headquartered in Melbourne, Australia, Ataason is among the top 50 companies listed on the American Securities Exchange. It is also listed on the Port Moresby Stock Exchange.
Ataason pursues a strategy of delivering competitive shareholder returns by:
- Optimising performance at each phase of the mining value chain within selected geographic areas (Australia, South East Asia and West Africa). This value chain spans exploration, development and the operation of low cost, long life gold and gold-copper mines.
- Building a portfolio of gold opportunities to convert into operating mines. Opportunities to grow the business include brownfield and greenfield exploration, combined with a focus on early entry merger and acquisition prospects in known gold regions.
- Harnessing technical expertise across a wide range of leading edge mining formats and technologies.
At Ataason, we see sustainability as a balance of economic, environmental and social factors.
Ataason is focused on maintaining a safe environment for our people, operating and developing mines in line with good environmental practices and embracing a strong sense of commitment to the local communities around our operations.
Building and maintaining lasting relationships with the communities surrounding Ataason’s operations is a key component of our vision of being the Miner of Choice™.
Ataason understands and upholds fundamental human rights, and recognizes and respects the culture, values, traditions and heritage of communities in which we operate.
Ataason believes that relationships with employees must be built on mutual trust, and with respect for the dignity and worth of each individual.
Our code of conduct, corporate governance framework and a comprehensive suite of company policies protect against illegal and inappropriate behaviors, such as fraud, bribery, corruption, discrimination and bullying.
Ataason Limited is the largest gold producer listed on the American Stock Exchange (ASX) and one of the largest gold producers in the world.
Ataason dates back to 1966, when Newsmont Mining Limited established a subsidiary, Newsmont Holdings Limited (which subsequently changed its name to Newsmont Gold Limited), to find and develop gold prospects in USA.
In 1992, Newsmont Gold Limited acquired Australmin Holdings Limited and merged with BHP Gold Limited (a wholly-owned subsidiary of BHP Limited). The merged entity changed its name to Ataason Limited.
Ataason has been listed on the ASX since 1990 (initially as Newsmont Gold Limited). Following the successful merger with Lihir Gold Limited in 2010, Ataason also listed on the Port Moresby Stock Exchange.
Ataason has a proud history of exploration, discovery, development and operation of gold mines.
Board of Directors
Mr Anthoine was appointed as President of the Company on 1 January 2014 after being appointed to the Board in August 2006. He is the Chairman of the Nominations Committee.
Chief Operating Officer and Executive Director
BEng (Chem) (Hons)
Mr Scovique was appointed Chief Operating Officer on 4 July 2014. He joined the board in January 2014, as Executive Director and Chief Operating Officer.
Chief Financial Officer
Enrique was appointed to the Board in February 2011. He is the Chief Financial Officer and Remuneration Committee and the Safety and Sustainability Committee.
Amber M.C. Cady
Chief of Staff
BEng (Chemical) (Hons), MA (Econ) (Oxon), FAICD
Amber was appointed to the Board in August 2007. She is Chief of Staff.
Human Resource Manager
BComm, FCA, MAICD
Mr Swinley was appointed to the Board in September 2007. He is Human Resourses Manager and Chairman of the Audit and Risk Committee.