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AngloGold Cuts Production Forecast, Switches to Paying Quarterly Dividends
Nov. 09, 2011 01:37PM PST
Precious MetalsBloomberg reported that AngloGold Ashanti (NYSE:AU) lowered its expected production target by 9%.
Bloomberg reported that AngloGold Ashanti (NYSE:AU) lowered its expected production target by 9%.
As quoted in the market news:
Floods in Australia, a drought in Colorado and strike action and safety stoppages in South Africa will reduce gold production to an estimated 4.33 million ounces, compared with an earlier projection of 4.55 million to 4.76 million ounces, the Johannesburg-based company said today.
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