AngloGold Ashanti on Track to Hit Both Production and Cost Guidance After 3Q
AngloGold Ashanti announced operating results for the third quarter, extending its solid performance through the end of September. Although production was largely flat over the prior-year quarter at 851,000 ounces, cost improvement continued as companywide total cash costs dropped 3% to $722 per ounce and all-in sustaining costs, or AISC, declined by 11% to $920 per ounce. However, with gold prices falling 5% over 2017 to $1,202 per ounce, adjusted EBITDA fell 10% to $355 million. Had AngloGold ...
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