JOHANNESBURG (miningweekly.com) – JSE-listed AngloGold Ashanti produced 980 000 oz of gold during the first quarter of 2012 – falling short of its 1.03-million-ounce production forecast.
The company on Tuesday said that safety stoppages, and the subsequent ramp-up associated with safely restarting ultra-deep mining areas, had resulted in 76 000 oz of lost production from its South African mines in the March quarter.
The lower first-quarter production was expected to impact on unit total cash costs, partially mitigated by weaker rand exchange rates, CEO Mark Cutifani said in a statement. Read more here...
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