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AngloGold Ashanti forecasts plunging earnings due to Brazilian impairments

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AngloGold Ashanti, which has operations in nine countries, says its earnings per share will drop 49%-55% due to impairments in its Brazilian operations.

An impairment is an accounting charge that reflects the declining value of an asset. The company’s production targets for its year ended December 2022 show it expects to reach 2.742-million ounces, compared with 2.472-million ounces in 2021, within the top half of its guidance. ..

 

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