World number three gold miner AngloGold Ashanti warned on Tuesday that it would post a loss for the interim period due to substantial impairments and a provision for silicosis payments. AngloGold said its headline loss for the six months to June could be as high as $98m compared to headline earnings of $93m in the same period a year earlier. The basic loss for the period could be $167m-$185m, compared with basic earnings of $52m a year earlier.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.