AngloGold Ashanti's De-Emphasis on South Africa Has Improved Its Cost Outlook
First-half performance for AngloGold Ashanti was solid, as production excluding sold operations increased 4% to nearly 1.6 million ounces and all-in sustaining costs, or AISC, fell 2% to $1,005 per ounce. Combined with a higher gold price over first-half 2017, adjusted EBITDA from retained operations rose 22% to $722 million. Given solid first-half performance, the company now expects gold production at the high end of its full-year guidance of 3.325 million to 3.45 million ounces and at the low...Anglogold Ashanti Limited. AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company's business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products. The Company operates through four segments: South Africa, Continental Africa, Australasia and Americas. Its South African operations comprise of the West Wits operations, including Mponeng and TauTona, and surface operations. It has operations in Continental Africa in locations, including Democratic Republic of the Congo, Ghana, Guinea, Mali and Tanzania. The Australasia segment includes the operations in Australia. It consists of Sunrise Dam and Tropicana. The Americas segment includes the operations in Argentina, Brazil and the United States.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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