Edition:
India

AngloGold Ashanti Qtrly Production Rose By 3% To 825koz


Monday, 28 Oct 2019 

Oct 28 (Reuters) - AngloGold Ashanti Ltd ::JSE: ANG - MARKET UPDATE REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2019.ANGLOGOLD ASHANTI LTD - PRODUCTION INCREASED BY 3% TO 825KOZ IN Q3 2019.ANGLOGOLD ASHANTI LTD - GUIDANCE MAINTAINED - PRODUCTION AT LOWER HALF OF RANGE, COSTS AT UPPER END OF RANGE.ANGLOGOLD ASHANTI LTD - ALL-IN SUSTAINING COSTS (AISC) WERE $1,031/OZ DURING Q3 OF 2019, RISING 12%.ANGLOGOLD ASHANTI LTD - KEY PROJECTS REMAIN ON TRACK AND WITHIN BUDGET.ANGLOGOLD ASHANTI LTD - AS PREVIOUSLY COMMUNICATED, HAS INITIATED PROCESSES TO REVIEW DIVESTMENT OPTIONS FOR ITS ENTIRE BUSINESS IN SOUTH AFRICA.ANGLOGOLD ASHANTI LTD - THE DIVESTMENT PROCESSES ARE ACTIVE AND CONTINUE TO MAKE PROGRESS.ANGLOGOLD ASHANTI LTD - IN SOUTH AFRICA, DIVESTMENT PROCESS MOVED FORWARD AT STEADY PACE WITH SITE DUE DILIGENCE BY PROSPECTIVE BIDDERS NOW COMPLETE.ANGLOGOLD ASHANTI LTD - UPDATE ON SOUTH AFRICA STRATEGIC PROCESSES CAN BE EXPECTED BY END OF YEAR.ANGLOGOLD - IMPACT OF REVISED REHABILITATION PROVISIONS REQUIRED BY NEW BRAZIL LEGISLATION FORECAST AT ABOUT $37/OZ TO $53/OZ FOR BRAZIL OPERATIONS.ANGLOGOLD - REHABILITATION PROVISION IS NON-CASH IN NATURE, WILL REFLECT IN AISC AT YEAR END; IMPACT HAD NOT BEEN PREVIOUSLY FACTORED INTO GUIDANCE.