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AngloGold projects 160% earnings uplift

Gold miner AngloGold Ashanti expects a 160% increase in headline earnings for 2021 at between US$962 million and US$1 billion when it reports full-year results later this month, in large part owing to a 27% increase in the gold price.

Rebecca Meeson-Frizelle
AngloGold Ashanti's Obuasi mine poured its first gold in December 2020 after it emerged from a three-year stint on care and maintenance

AngloGold Ashanti's Obuasi mine poured its first gold in December 2020 after it emerged from a three-year stint on care and maintenance

Earnings per share (EPS) were US$2.29-2.47 (2019: US91c), which fell short of analyst estimates owing to higher taxation and "derecognition" of deferred assets from the sale of the company's South Africa...

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