AngloGold maintains full-year output guidance despite 9% quarterly drop - MiningMX

AI desk brief

AngloGold Ashanti maintained annual production guidance of 2.8–3.17 million oz despite September-quarter output falling 9% year on year to 696,000 oz and AISC rising 26% to $2,170/oz. Flooding, infrastructure constraints, lower grades and safety interruptions affected its Ghanaian and Egyptian mines; management expects improving access and operating conditions to support a stronger fourth quarter. Higher realised gold prices lifted EBITDA 12% to $1.57bn, but free cash flow fell 22% to $722m amid higher spending and costs. North Bullfrog execution funding was approved subject to permits; these developments primarily affect AngloGold’s outlook, with no material near-term bullion-price effect established.