Referenced Stocks

AngloGold's Q2 Earnings Slip vs. Year Ago - Maintains 2012 Production Estimates

By Midnight Trader,  August 06, 2012, 06:42:55 AM EDT

AngloGold Ashanti ( AU ) reported adjusted headline earnings of $253 million, or 65 cents a share, for the second quarter of 2012 compared to $342 million, or 89 cents the previous year. Production for the quarter, however, came in at 1,073 million oz at a total cash cost of $801/oz, beating the guidance of 1.04 million oz at $840/oz-$845/oz.

The company has also maintained its 2012 expected production at 4.3 million oz-4.4 million oz at a total cash cost of $780/oz -$805/oz. For the third quarter, production is expected to be around 1.07 oz-1.1 million oz at a total cash cost of $835/oz - $865/oz.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: AU



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