AngloGold Makes Third-Quarter Loss as Metal's Price Falls 5.8%
- Production 2.5% higher than estimated, costs 4.5% lower
- Lower gold price causes adjusted headline loss of $52 million
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AngloGold Ashanti Ltd. climbed the most in two months after the world’s third-biggest bullion miner said third-quarter production costs and output beat its forecasts.
The miner produced 974,000 ounces in the three months ended Sept. 30, 2.5 percent higher than the top end of a previous guidance, the Johannesburg-based company said in a statement Monday. Cash costs were $735 an ounce, 4.5 percent below its best-case forecast.