AngloGold Ashanti Third-Quarter Adjusted Ebitda Rose 5% on Quarter
08 November 2021 - 7:33AM
Dow Jones News
By Jaime Llinares Taboada
AngloGold Ashanti Ltd. on Monday reported improved earnings for
the third quarter, as production rose 5% on the quarter.
The gold miner generated adjusted earnings before interest,
taxes, depreciation and amortization of $448 million, up 5% from
the second quarter--although still well below $741 million in the
third quarter of 2020.
Similarly, gold production increased 5% from the previous
quarter to 613,000 ounces, but remained below 741,000 ounces a year
earlier.
"The company registered an improved operating quarter from its
producing assets versus the prior quarter, reporting production and
cost improvements, underpinned by higher underground grades,"
AngloGold said.
In addition, the group said that full-year production and costs
are expected to be in line with revised guidance.
AngloGold in August reduced full-year production guidance to
2.45 million-2.60 million ounces, at an all-in sustaining cost of
$1,240-$1,340 an ounce. Capital expenditure was forecast at $1.03
billion-$1.19 billion.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 08, 2021 01:18 ET (06:18 GMT)
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