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.
Click here to read the full Bloomberg report.
