Solid Start in Seasonally Weaker First Quarter Puts AngloGold Ashanti in Reach of 2018 Targets
AngloGold Ashanti’s performance tends to weight toward the back half of the year, with the first quarter usually being the smallest contributor to the full year. Despite that, the company turned in a pretty solid start to 2018. The company produced 824,000 ounces of gold at all-in sustaining costs (AISC) of $1,029 per ounce. Given the solid performance, the company maintained its full-year guidance of 3,325,000 to 3,450,00 ounces at AISC of $990 to $1,060 per ounce. The first quarter puts it wel...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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