Mining News

Year of improvement ahead for AngloGold as it seeks to recover from 2021 headwinds

Gold miner AngloGold Ashanti produced 2.47-million ounces of gold in 2021, down from the 2.8-million ounces produced in the prior year, but within its revised guidance range and at a total cash cost of $963/oz, up from the $790/oz of 2020. Production was lower mainly as a result of the miner significantly reinvesting across key assets, the temporary suspension of underground mining activities at its Ghana-based Obuasi underground mine, Covid-19 disruptions and secondary impacts of the pandemic, including on the mobility of labour.

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