×

We've got news for you.

Register on SowetanLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

AngloGold Ashanti expects improved earnings

AngloGold Ashanti has announced that its headline earnings per share for the six months ended June 30 are expected to come in between 27 US cents and 31 US cents, compared with 24 US cents during the same period a year ago.
AngloGold Ashanti has announced that its headline earnings per share for the six months ended June 30 are expected to come in between 27 US cents and 31 US cents, compared with 24 US cents during the same period a year ago.
Image: Dudu Zitha

AngloGold Ashanti said on Wednesday its earnings likely rose as much as 29% in the first half, boosted by income from a legal settlement, gains from its Kibali joint venture and a drop in costs.

Headline earnings per share for the six months ended June 30 are expected to come in between 27 US cents and 31 US cents, compared with 24 US cents during the same period a year ago.

HEPS, which strips out certain one-off items, is the main profit measure used in South Africa.

AngloGold, which said in May it would review divestment options for its Mponeng mine and other South African assets to focus on higher returns elsewhere, said it was pushing ahead with the plan.

“The process to streamline the AngloGold Ashanti portfolio continues with sales processes ongoing in South Africa, Mali and Argentina,” the firm said in a statement. AngloGold will release its results on August 8.

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.