The company continues to drive efficiencies but some operations appear to be unsustainable in the current gold price environment.
Warren Dick | 17 August 2015 12:53
HANNESBURG – AngloGold Ashanti continues to make good strides in driving efficiencies and confronting its mountain of debt in the current low price gold environment.
The company reported second quarter and half-yearly interim results today that saw total production for the six-month period from continuing operations fall by 8.4% to 1,878koz versus the same period last year.
But the story of AngloGold Ashanti is the need to drive efficiencies in order to manage its large debt burden in the weak gold price environment. This saw All-In Sustaining Costs (AISC) from continuing operations fall from $1,022/oz for the six months ending June last year, to $924/oz in the current period, a reduction of 10%.
Could this be the final capitulation?
Have you plenty of cash for an aggressive buying strategy?
If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.