AngloGold expects spike in annual earnings

Indonesia Berita Berita

AngloGold expects spike in annual earnings
Indonesia Berita Terbaru,Indonesia Berita utama

Gold miner to more than double annual earnings as it clears out old mines and focuses on international operations

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A worker pours gold at the AngloGold Ashanti mine at Obuasi, Ghana. Picture: REUTERS/LUC GNAGO

The process of clearing the portfolio of expensive operations is complete, with the biggest sale being the $300m disposal of all its SA assets to Harmony Gold, marking the end of decades of mining in the country that gave it the platform and money to build a large international footprint. The main drivers were a 27% increase in the gold price AngloGold received during the year and weaker currencies against the dollar in the jurisdictions in which it has mines, the company said.

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