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AngloGold endures difficult first quarter

AngloGold Ashanti weathered a tricky first quarter, reporting lower production and higher costs than consensus forecasts as well as delays at its key Obuasi asset, although a relatively small impact by COVID-19 on output provided some cause for optimism.

AngloGold endures difficult first quarter AngloGold endures difficult first quarter AngloGold endures difficult first quarter AngloGold endures difficult first quarter AngloGold endures difficult first quarter

The Mponeng gold mine, which AngloGold Ashanti has sold to Harmony Gold, is located in the West Wits mining district, south-west of Johannesburg, South Africa

Total gold production for Q1 stood at 716,000oz, down 5% year-on-year, while all-in sustaining costs (AISC) of $1,047/oz represented a rise of 4% year-on-year.

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