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AngloGold off to a slow start in March quarter

Lower grades and COVID-19 interruptions hit AngloGold Ashanti’s first-quarter production although the strong gold price pushed earnings 69% higher year-on-year.

AngloGold off to a slow start in March quarter AngloGold off to a slow start in March quarter AngloGold off to a slow start in March quarter AngloGold off to a slow start in March quarter AngloGold off to a slow start in March quarter

AngloGold Ashanti's Obuasi asset in Ghana

Gold production fell 7% yoy in the first quarter to 588,000 ounces - 11% below consensus estimates - with COVID curbing output at its assets in Brazil and Argentina by about 4,000oz.