AngloGold Ashanti Posts Profit In H1; Revenues Down - Quick Facts

(RTTNews) - AngloGold Ashanti (AGD.L, AU) Monday reported that its first-half profit attributable to equity shareholders was $33 million, compared to loss of $176 million last year.

Earnings per share were 8 cents, compared to loss of 43 cents a year ago.

Headline earnings were $99 million or 24 cents per share, compared to loss of $89 million or 22 cents last year. Adjusted headline earnings were $85 million, compared to loss of $93 million last year.

Adjusted earnings before interest, tax, depreciation and amortisation or EBITDA grew 19% to $723 million.

Revenue from product sales declined to $2 billion from last year's $2.11 billion. Gold income was $1.92 billion, down from $2.03 billion a year earlier.

Production from retained operations went up 4% year-on-year.

Gold Produced dropped to 1.63 million ounces from 1.75 million ounces last year. Gold sold declined to 1.65 million ounces from 1.79 million ounces a year ago.

Looking ahead, the company said it maintained guidance across all metrics with production expected at the top end of the range and costs trending towards the lower end of the range.