{"id":13232,"date":"2012-08-06T14:10:16","date_gmt":"2012-08-06T12:10:16","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-anglogold-earnings-down-output-target-unchanged\/"},"modified":"2012-08-06T14:10:16","modified_gmt":"2012-08-06T12:10:16","slug":"update-1-anglogold-earnings-down-output-target-unchanged","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-anglogold-earnings-down-output-target-unchanged\/","title":{"rendered":"UPDATE 1-AngloGold earnings down, output target unchanged"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* 2012 production target remains unchanged<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Company declares quarterly dividend of about 12 U.S. cts a<br \/>\nshare<\/p>\n<p> (Adds background, details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 6 (Reuters) &#8211; World no. 3 gold producer<br \/>\nAnglo Gold Ashanti reported a 41 percent fall in second<br \/>\nquarter earnings on Monday, as expected, despite a surprising<br \/>\nrise in output.<\/p>\n<p><span><\/span><\/p>\n<p>The South Africa-based miner with global operations also<br \/>\ndeclared a dividend of about 12 U.S. cents a share, in line with<br \/>\na Reuters&#8217; poll of 5 analysts, and stuck to its 2012 production<br \/>\ntarget of between 4.3 and 4.4 million ounces.<\/p>\n<p><span><\/span><\/p>\n<p>The company had already flagged that it expected a roughly<br \/>\n40 percent earnings drop in the three months to the end of June<br \/>\nbecause of a lower dollar gold price and a one-off boost to its<br \/>\nfirst quarter profits from a deferred tax credit.<\/p>\n<p><span><\/span><\/p>\n<p>Adjusted headline earnings came in at 65 U.S. cents a share<br \/>\ncompared to 111 U.S. cents in the previous quarter.<\/p>\n<p><span><\/span><\/p>\n<p>The company said second quarter gold production of &#8220;1.07<br \/>\nmillion ounces beats guidance on strong performances from<br \/>\ncontinental Africa and the Americas.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The company said total cash costs were up slightly at $801<br \/>\nan ounce but was also better than the company had flagged<br \/>\nbecause of the improved production and weaker local currencies.<br \/>\nThis benefits gold miners who earn dollars with a cost base in<br \/>\ndomestic currencies.<\/p>\n<p><span><\/span><\/p>\n<p>Cash costs in the next quarter are seen rising to between<br \/>\n$835 and $865 an ounce, the company said.<\/p>\n<p> (Reporting by Ed Stoddard; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* 2012 production target remains unchanged * Company declares quarterly dividend of about 12 U.S. cts a share (Adds background, details) JOHANNESBURG Aug 6 (Reuters) &#8211; World no. 3 gold producer Anglo Gold Ashanti reported a 41 percent fall in second quarter earnings on Monday, as expected, despite a surprising rise in output. The South [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13232","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13232"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13232\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}