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AngloGold Ashanti : 3Q Production Rises; 2017 Guidance Unchanged

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11/06/2017 | 08:02am CET

By Dimitrios Kontos

AngloGold Ashanti Ltd. (ANG.JO) said Monday that its comparable third-quarter gold production increased 11% and that it maintains its production guidance for the full year.

The Johannesburg-based gold miner produced 997,000 ounces of gold from continuing operations during the third quarter compared with 900,000 ounces a year earlier.

All-in sustaining costs were unchanged at $1,071 an ounce, but the company's net debt increased 4.6% to $2.06 billion.

The company said its free cash flow for the three months ended Sept. 30 was $88 million compared with $41 million at the end of the second quarter.

AngloGold had previously said it expects to produce between 3.6 million ounces and 3.75 million ounces of gold during 2017.

Write to Dimitrios Kontos at [email protected]

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