JOHANNESBURG – Gold miner, AngloGold Ashanti generated $88million (R1.25billion) of free cash flow for the quarter ended September 30, with gold production up 11percent, compared with the same period last year, the company said yesterday.
The group said it was on track to meet its full-year guidance on production, costs and capital expenditure. AngloGold said the outlook for the full year remained unchanged, with production of 3.6million to 3.75million ounces and all-in sustaining costs of $1050 to $1100 per ounce. Our strong production performance resulted in good free cash flow generation, despite our planned reinvestment programme and a flat gold price.
“We expect a strong finish to the year at our key international operations and c…
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