Johannesburg - AngloGold Ashanti [JSE:ANG] said on Monday
second-quarter earnings likely fell by as much as 30%, hit by the lower gold
price and overshadowing a rise in production.
AngloGold, Africa’s biggest gold miner, said it expected
adjusted headline earnings for the quarter to end-June to total between $240m
to $255m.
That compares with the adjusted headline earnings of $342m,
or 89 US cents per share, the company reported in the same quarter last year.
It said gold output rose 9% to 1.073 million ounces from the
previous quarter, exceeding its own guidance of 1.04 million ounces for the
period.
AngloGold is expected to report its financial results for
the quarter on August 6.
The company’s shares were up 1.86% at R262.04 as of 07:21
GMT, compared with a 1.16% fall the benchmark Top 40 - (Tradeable) [JSE:J200]
index.