The third-largest gold producer in world has suffered from declining gold ore grades since 2013 and increasing operational costs Despite a 5.4% increase in the gold price over the past year and the weak rand offering South African gold-mining companies better cash flow this financial year, AngloGold Ashanti appears set to shed hundreds of jobs. The third-largest gold producer in world has suffered from declining gold ore grades since 2013 and increasing operational costs. Last year, after a challenging operational year in its South African businesses and currency volatility hitting some of its businesses abroad, AngloGold revised its production outlook to between 3.6million and 3.65million ounces from a previous forecast of between 3.6million and 3.8million ounces. Total cash costs were increased to between $730 and $750 an ounce from the previous $680 to $720 range. All mining companies have restructured in the past three years. But for AngloGold - which sold Cripple Creek & Victor...
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