News Column

AngloGold shrinks its loss

August 12, 2014

AngloGold Ashanti reported a narrower loss for the second |quarter yesterday, as its domestic mines led bullion production |higher and it slashed costs.

AngloGold said adjusted headline earnings for the April-June quarter totalled a loss of $4 million (R43m) compared with a loss of $135m in the same period a year earlier.

Production was 1.098 million ounces, an increase of 17 percent. This was ahead of its forecast.

Cape Argus

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Source: Cape Argus (South Africa)

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