trending Market Intelligence /marketintelligence/en/news-insights/trending/8Kw231ahfsyPK-5RSTkaAg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

AngloGold Ashanti expects swing to profit in H1'16 on higher gold prices, lower operating costs

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

AngloGold Ashanti expects swing to profit in H1'16 on higher gold prices, lower operating costs

AngloGoldAshanti Ltd. expects a year-over-year increase of 167% to 177% inheadline earnings for the first half of the year to between US$87 million andUS$99 million.

Headline earnings per share are expected between 22 U.S.cents and 24 cents, the company said July 22.

In the same year-ago period, the company realized a headlineloss of US$128 million, or 31 cents per share.

Basic earnings for the six months are also expected toincrease 131% to 141% year over year to between US$45 million and US$59million, with earnings per share of between 12 cents and 14 cents.

The year-ago basic loss amounted to US$143 million, or 35cents per share.

AngloGold expects gold production in the six months of 1.7million ounces with all-in sustaining costs of US$911 per ounce, compared toyear-ago output of 1.9 million ounces of gold at US$924 per ounce.

The increases in headline earnings and basic earnings aremainly expected due to the higher gold price over the half: US$1,222 per ounceon average, compared with US$1,204 per ounce over the first half of 2015.  

Further reasons are weaker operating currencies in SouthAfrica, Brazil, Australia and Argentina, improved cost control by the company,savings of US$33 million in interest payments and US$57 million positive effectof the translation of the deferred taxation balance in South America.

The gains will be partly offset in the amount of US$39million because of reduced income from associates and joint ventures during thehalf.

Gold production is expected to be 1.75 million ounces in thefirst half at all-in sustaining costs of US$911 per ounce for the period,compared with US$924 per ounce a year earlier.

The company will release its interim results Aug. 15.