Promising Obuasi Project Leads to Higher AngloGold Dollar FVE, but Currency Leads to Lower Rand FVE
While production rose 3.5% to nearly 3.8 million ounces in 2017 for AngloGold Ashanti, all-in sustaining costs (AISC) also rose 7% to $1,054 per ounce. As a result, cash flow from operations fell nearly $200 million to $1 billion despite the increased production. However, the company’s portfolio shifts and cost management should help contain meaningful AISC inflation in the coming years.For 2018, management expects production to fall to 3.325 million to 3.45 million ounces, mainly due to the sa...
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