Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

’16: AngloGold forecasts 3.6Moz guidance

  • SOURCE: | Editor
  • downloadAngloGold Ashanti has said production guidance for 2016 is estimated to be between 3.6Moz to 3.8Moz.


    It said total cash costs are estimated to be between $680/oz and $720/oz and all-in sustaining costs between $900/oz and $960/oz at average exchange rates against the US dollar of 15.00 (Rand), 4.00 (Brazil Real), 0.70 (Aus $) and 14.90 (Argentina Peso), with oil at $35/bl average for the year.

    The miner said capital expenditure is anticipated to be between $790m and $850m, of which $120m to $140m is earmarked for projects.

    Corporate and marketing costs are estimated to be between $75m and $90m and expensed exploration and study costs including equity accounted investments at $130m to $150m.

    Depreciation and amortisation is forecast at $820m and interest and finance costs are expected to be $190m and $175m.

    source: http://classfmonline.com/1.8704209

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Dec 2018 >>
    MTWTFSS
    26 27 28 29 30 1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    31 1 2 3 4 5 6
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar