Chart: Which countries are falling behind in gold mine production
India tops the global ranking with demand nearly 50 times that of its mined supply.
AngloGold Ashanti said on Monday its cash flows from operating activities for the quarter that ended Sept. 30 was up 8% from the previous quarter on higher sales and better grades of gold mined.
The miner, which has operations spread across Africa, Australia and Latin America, recorded a cash flow of $342 million in the third quarter of 2021, compared to $318 million in the second quarter.
Adjusted earnings before interest, tax, depreciation and amortisation (adjusted EBITDA) – a measure of operating profit – increased 5% for the third quarter to $448 million, from $427 million in the previous three months, the company said.
(By Promit Mukherjee; Editing by Shailesh Kuber)
Comments