AngloGold Ashanti Warns on 1st Half Earnings
August 01 2017 - 8:00AM
Dow Jones News
By Tapan Panchal
LONDON--AngloGold Ashanti Ltd. (ANG.JO) warned Tuesday that it
would post a loss for the first half of 2017 due to higher
operating costs, exceptional charges and lower income from
associates and joint ventures.
The South African gold miner expects to record an adjusted loss
of between $80 million and $98 million for the half year ended June
30, compared with a gain of $93 million in the year-before
period.
Adjusted loss per share is expected to total between 19 cents
and 23 cents, versus 23 cents earnings a year earlier.
First half basic loss is estimated at between $167 million and
$185 million, compared with a profit of $52 million in the
comparable period. Basic loss per share is forecast at between 41
cents and 45 cents, versus 13 cents in earnings per share.
AngloGold expects first half gold production to total 1.748
million ounces, versus 1.745 million ounces previously.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
August 01, 2017 07:45 ET (11:45 GMT)
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