AngloGold Ashanti’s production edges higher

AngloGold Ashanti last Monday reported a three per cent rise in third-quarter production and 12 per cent jump in free cash flow, and said its Obuasi redevelopment project in Ghana would start by year-end.

The South African gold miner stuck to its annual guidance even as quarterly production came at the lower end of its forecast range, while costs were up 12 per cent year-on-year.

AngloGold Ashanti’s asset sale in South Africa is progressing at a steady pace, the company said, adding the market could expect an update by the end of this year. Reuters

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