AngloGold Ashanti Profit Buoyed by Strong Tanzania, Brazil Performances

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.

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