Gold mining company AngloGold Ashanti produced more gold in the 12 months to December 31 than in the same period of 2016, but is heading for a basic loss for the period on impairment, retrenchment and silicosis settlement costs, the company said in a trading statement on Wednesday. Full-year production of 3.755-million ounces last year beat 2016’s 3.628-million ounces and all-in sustaining costs and capital expenditure for the year remain well within the market guidance provided for 2017. But the basic loss for the period is expected to be between $180-million and $200-million, with expected overall headline earnings decreases primarily the result of previously disclosed:
Source: www.engineeringnews.co.za
AngloGold output up but loss looms on impairment, retrenchment, silicosis costs
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