AngloGold expects up to 42% decline in profit
Lower realised grades across certain units, the temporary suspension of underground mining activities at Obuasi, and Covid-19’s effect on costs and production, were also factors
01 February 2022 - 10:08
AngloGold Ashanti expects its full-year headline profit to drop 42%, hit by lower gold sales volumes and higher operating costs.
The world’s third-largest gold producer, which no longer has operations in SA, said on Tuesday that headline earnings per share were likely to decline by $1.37 to $1.53 in the year to end-December from a year-ago period...
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