AngloGold Ashanti first-half profit falls 54% as costs surge
The vast Serra Grande gold complex, which comprises three underground mines, an open pit mine and a dedicated metallurgical plant. (Image courtesy of AngloGold Ashanti.)
AngloGold Ashanti on Friday said its half-year profit declined 54% mainly due to higher costs and mandatory environmental provisions in Brazil.
The Johannesburg-headquartered miner said its headline earnings per share (HEPS) – the main profit measure in South Africa – came in at $0.33 in the six months to June 30, down from $0.71 during the same period last year.
(By Nelson Banya; Editing by Tom Hogue)
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