AngloGold swings to loss on lower gold sales, higher costs
Gold miner AngloGold Ashanti recorded a basic loss of $235-million or $0.56 a share, for the year ended December 31, 2023, compared with basic earnings of $233-million, or $0.55 a share, for the prior year. The company attributed the loss to lower gold sold, higher costs related to the corporate restructuring, higher environmental provisions for legacy tailings storage facilities (TSFs), higher care and maintenance and retrenchment costs associated with the Córrego do Sítio operation, in Brazil, higher operating and exploration costs, higher foreign exchange losses and higher tax expenses.