Mining News

AngloGold reports H1 costs spike, lowers full-year guidance

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Despite an array of challenges experienced in the six months ended June 30, JSE-listed gold miner AngloGold Ashanti managed to lower its adjusted net debt by 41% year-on-year to $850-million and declared an interim dividend of $0.06 apiece. The company did, however, lower its production guidance for the full-year by 300 000 oz to between 2.45-million ounces and 2.6-milion ounces, interim CEO Christine Ramon confirmed on August 6.

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