• Wealth and poverty

    True riches would be to create a safe and satisfied community for all South Africans.

  • SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

All data is delayed
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 289
Change -15
% Change -5
Cumulative volume 1465964
Market cap 0

Last Updated: 25-07-2016 at 05:00. 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

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...