Anglogold beats production guidance
Anglogold Ashanti, the South African gold miner, has beaten production guidance for the six months to the end of June.
Anglogold Ashanti, the South African gold miner, has beaten production guidance for the six months to the end of June.
Total gold production for the period was 1.07m ounces, after mines in Africa and the Americas performed strongly.
Weaker local currencies helped push cash costs down to $801 per ounce.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Profits before tax came in at $1.16bn, against $1bn for the same period of 2011. Total revenues were $3.478bn against $3.193bn in the prior year.
The quarterly dividend has been announced at 12 cents per share, in line with the group's previous guidance.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published