The Conversation (0)
AngloGold Ashanti Profit Buoyed by Strong Tanzania, Brazil Performances
May. 07, 2010 10:11AM PST
Gold InvestingAngloGold Ashanti (NYSE: AU) reported first-quarter adjusted headline earnings of $61 million after a strong performance from its mines in Tanzania and the Americas helped offset seasonally lower production from South Africa.
AngloGold Ashanti (NYSE: AU) reported first-quarter adjusted headline earnings of $61 million after a strong performance from its mines in Tanzania and the Americas helped offset seasonally lower production from South Africa.
The press release is quoted as saying:
AngloGold Ashanti’s board approved a $195m investment to develop its Córrego de Sítio mine in Brazil, which is expected to reach its commercial production rate of 140,000oz per annum by 2013.
Click here to access the entire press release