AngloGold Ashanti's half-year basic earnings fell 87% due to impairments and derecognitions in Brazil portfolio

- AngloGold Ashanti , one of the world’s largest gold producers, announced Friday that its gold production in H1 2023 amounted to 1.236Moz, marginally higher compared to 1.233Moz in H1 2022.

Importantly, AngloGold Ashanti reported basic earnings of $40m, or 10 US cents per share, in H1 2023, down 87% compared to basic earnings of $298m, or 71 US cents per share, in the same period a year earlier. AngloGold Ashanti said it is taking steps to “narrow” a value gap with international peers by improving relative costs and the life of its key mines, all while enhancing safety, cash conversion and the delivery of projects.

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