AngloGold Uses Favorable Environment to Reduce Debt, but Shares Remain Inflated by Lofty Gold Price
AngloGold Ashanti reported first-half results for 2016 on Aug. 15. The company produced 1.7 million ounces of gold from continuing operations, a 7% drop from the prior year. Compared with the first half of 2015, all-in sustaining costs, or AISC, fell 1.5% to $911 per ounce and cash costs fell 3% to $706 per ounce. This was partially driven by favorable producer currency depreciation. AngloGold maintained full-year production guidance of 3.6 million to 3.8 million ounces at AISC of $900 to $960 p...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.
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