• Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

  • Inside Labour

    The Davos extravaganza is slick PR and no UN-style institution, says Terry Bell.

  • 2015 Gadget preview

    Arthur Goldstuck presents gadgets to connect 2015 to the past and future.

Loading...
See More

AngloGold fourth-quarter earnings dive

Feb 20 2013 08:49 Reuters

Gold demand fell in 2012 for first time in 3 years.

Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 0
Change -4,76
% Change 0
Cumulative volume 811967
Market cap 49.62bn

Last Updated: 26-01-2015 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

AngloGold: Tropicana project on track

AngloGold faces water spillage charge

AngloGold embarks on CEO search

AngloGold retains investment rating

AngloGold back at full steam

Silicosis suit could crush gold mines

 

Johannesburg - Shares of AngloGold Ashanti [JSE:ANG], the world's third-largest bullion producer, fell 2.4% in Johannesburg on Wednesday after the company reported a plunge in fourth quarter earnings as wildcat strikes at its South African mines cut into profits.

The South Africa-based miner with global operations said fourth-quarter adjusted headline earnings were 2 US cents compared to 61 US cents in the previous quarter.

Despite this it kept its quarterly dividend at 50 SA cents (6 US cents) a share.

Fourth-quarter production dropped to 859,000 ounces in the quarter after 250,000 ounces, or $208m in earnings, was wiped out by work stoppages that included illegal strikes and underground sit-ins at its South African operations.

Full year production was 3.9 million ounces, well off the company's target of between 4.3 and 4.4 million ounces.

Production targets for 2013 have been reduced with the company now aiming for 4.1 to 4.4 million ounces of output.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anglogold ashanti  |  mining

NEXT ON FIN24X

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...