AngloGold Ashanti Maintains Solid Performance in 2Q; New CEO Will Take Over in September
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...
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