By Dimitrios Kontos
AngloGold Ashanti Ltd. (ANG.JO) said Monday that its comparable third-quarter gold production increased 11% and that it maintains its production guidance for the full year.
The Johannesburg-based gold miner produced 997,000 ounces of gold from continuing operations during the third quarter compared with 900,000 ounces a year earlier.
All-in sustaining costs were unchanged at $1,071 an ounce, but the company's net debt increased 4.6% to $2.06 billion.
The company said its free cash flow for the three months ended Sept. 30 was $88 million compared with $41 million at the end of the second quarter.
AngloGold had previously said it expects to produce between 3.6 million ounces and 3.75 million ounces of gold during 2017.
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