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’16: AngloGold forecasts 3.6Moz guidance

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

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