trending Market Intelligence /marketintelligence/en/news-insights/trending/sZ8I6IzuqUPy3v6-eTnXeg2 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

In This List

AngloGold more than triples H1'19 profit YOY; gold output slips

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


AngloGold more than triples H1'19 profit YOY; gold output slips

AngloGold Ashanti Ltd. said Aug. 8 that first-half profit attributable to shareholders was US$114 million, or 27 U.S. cents per share, surging 245.5% from US$33 million, or 8 cents per share, a year ago.

Headline earnings for the half amounted to US$120 million, or 29 cents per share, a rise from US$99 million, or 24 cents per share, and within its forecast range of US$111 million to US$129 million.

Results in the period were positively influenced by strong performance across AngloGold's operating assets.

The South African miner's gold income declined to US$1.79 billion, from US$1.92 billion in the year-ago half.

Adjusted EBITDA totaled US$689 million, compared to US$723 million in the second half of 2018.

First-half gold sales shrunk to 1.58 million ounces from 1.65 Moz in the prior-year half, with the average realized price dropping to US$1,299 per ounce from US$1,310/oz.

Output slipped to 1.55 million ounces, from 1.63 million ounces a year ago. All-in sustaining costs fell to US$1,002/oz from US$1,020/oz.

Total cost of sales for the half slipped to US$1.50 billion from US$1.60 million in the first half of 2018.

AngloGold maintained its full-year production guidance of between 3.25 Moz and 3.45 Moz. Total cash costs are estimated to range from US$730/oz to US$780/oz. All-in sustaining costs are projected at between US$935/oz and US$995/oz.

Capital expenditure forecast is between US$850 million and US$920 million. During the half, capex shrunk to US$318 million from US$335 million.