AngloGold Cuts Output Forecast, Declares Quarterly Dividend
This article is for subscribers only.
AngloGold Ashanti Ltd., the largest African gold producer, cut its full-year output forecast by as much as 9 percent and said it is switching to quarterly dividends from six-monthly payments.
Floods in Australia, a drought in Colorado and strike action and safety stoppages in South Africa will reduce gold production to an estimated 4.33 million ounces, compared with an earlier projection of 4.55 million to 4.76 million ounces, the Johannesburg-based company said today.