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Stock Market & Financial Investment News

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February 19, 2014
05:20 EDTAUAngloGold reports Q4 production up 18% to 1.23M oz
AngloGold Ashanti saw strong quarterly improvements throughout the year across almost every metric. Earnings before interest, tax, depreciation and amortisation rose to $544M in the three months to December 31, a 66% improvement on $327M in Q3. Adjusted headline earnings normalised for various items, rose to $164M, from $110M in Q3. Production for Q4 rose 18% to 1.23M oz compared to Q3, while total cash costs improved 8% to $748/oz. AISC were $1,015/oz in Q4, down 12% from $1,155/oz in Q3. The strong cost reduction reflects better-than-anticipated outcomes from the companies Project 500 initiative to realize $500M of operating cost savings between mid-2013 and the end of 2014.
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August 11, 2014
05:24 EDTAUAngloGold reports Q2 output up 17%
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