JOHANNESBURG – AngloGold Ashanti Ltd. reported on Monday a swing to net profit in the first half of 2018 and said it expected to meet the top end of its production guidance for the full year.
The mining company said that it swung to a profit of $33 million in the six months ended June 30, away from a net loss of $176 million in the year-earlier period.
Revenue for the first half of the year fell 5.3 percent to $2 billion, AngolGold Ashanti said.
The company said it expects to meet the top end of its full-year production guidance, which is in a range between 3.3 million-3.5 million ounces of gold.
All-in sustaining costs are expected between $990-$1,060 per ounce, AngolGold Ashanti said.