Serra Grande

AngloGold’s Cash Flow Soars To $161m

by

AngloGold Ashanti has announced a significant jump in third-quarter free cash flow to $161m, further improving its net debt position despite a decline in ore grades at some of its operations and a challenging operating environment for its South African business. Free cash flow was $161m, before the $30m once-off cost incurred for the early … Read more

AngloGold Ashanti Hits $161m In Cashflow Despite Challenges

by

Even though gold prices on the world market continues to plummet, AngloGold Ashanti a mining giant saw a significant jump in its cash flow to 161 million dollars, further improving its net debt position in the third-quarter of this year. With gold now trading around 1,222 an ounce and decline in ore grades at some … Read more