Societe Generale plans partial return to gold trading
The French bank resigned as a market maker for gold at the London Bullion Market Association in 2019.
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)
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