AngloGold Ashanti's gold production up 11% in 2022; profit down 52% on non-cash impairments AngloGoldAshanti
- AngloGold Ashanti , one of the largest gold producers globally, today reported gold production of 2.742Moz in the full year 2022, which is an 11% improvement versus gold production of 2.472Moz in 2021, ending 2022 at the top half of guidance.
The company added it also met guidance for total capital expenditure and all-in sustaining costs, while total cash costs ended less than 1% above the guidance range amid inflation at multi-decade highs. The company explained that the decrease in basic earnings in 2022 was mainly due to non-cash impairments recognized at its Brazilian operations.
Importantly, AngloGold Ashanti announced that final dividend of ZAR322 cents per share declared, with full year dividend of ZAR815 cents per share .
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