AngloGold Ashanti sees a rise in Q1 earnings

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The miner says it produced 7 percent less gold year-on-year in the first quarter.

But the good news is that the higher gold price helped cushion the impact. Its reported headline earnings of R2.8-billion is a 51 percent improvement from the previous reporting period. Interim Chief Executive Officer Christine Ramon says the group's balance sheet is in a solid position.

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