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AngloGold Ashanti warn on lower production

An ex Anglo company that still shares the name to some extent, but not the shareholder, AngloGold Ashanti announced yesterday alongside their results that they would look to "sharpen (their) focus on efficiency and to tighten up on costs, overheads and capital." And what that means is lower production guidance for the year, but pleasing to note that cash costs are in-line with expectations. Lower yield mines would attract less capital expenditure, that would be deferred to their higher quality production. Next quarterly results when we can expect more information is the 7th of August.


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