Do everything to fight inflation, says AngloGold, which is growing fastest in the US gold costs inflation
Alberto Calderon
But by continuing to shine the brightest of bright lights on inflation, AngloGold has managed to evade full impact.On the complexity of inflation particularly to mines, Calderon said: “If you look at the cash costs per ounce projected in 2021 and 2023, and you assume that there was no inflation, AngloGold Ashanti would have been at around $900/oz in 2023, which would be quite competitive.
He described the high inflation of Argentina, where AngloGold Ashanti operates the Cerro Vanguardia gold and silver mine in the Santa Cruz province, as being more the exception than the rule.
“But in pure growth terms, it’s Nevada, where it’s quite startling that we can get into production so quickly and I think the exploration team did a fabulous job in opening the door and that was followed by some well-timed, relatively medium-sized and small-sized acquisitions, which have given us a footing that is going to be fundamental for the next decade.
The properties include Coeur’s C-Horst, SNA, Secret Pass and Daisy operations, as well as the decommissioned Sterling mine and all tenements that surround the properties.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Renaissance Holdings shares fall as bank seeks to reassure over missing CEODisappearance of bank’s founder follows a series of incidents in which high-profile executives in China have gone missing with little explanation
Read more »
Opinion: CEO pessimism is at an historic high – firms will fail if they do not transformThe PwC’s 26th Annual Global CEO Survey indicates a peak of pessimism among business leaders
Read more »
Shared accountability is key to protecting passenger rights, says WestJet CEOShared accountability is key to protecting passenger rights, says WestJet CEO cdnpoli (subs)
Read more »
Suncor Energy names Rich Kruger as CEORich Kruger, a near 40-year veteran of Exxon Mobil, will take over as Suncor CEO effective April 3
Read more »
HSBC cuts staff bonus pool by 4%, but lifts CEO Noel Quinn’s total payCEO Noel Quinn told reporters the board set his pay and that HSBC’s overall performance was strong, adding that executive bonuses and staff awards would go ‘in swings and roundabouts’
Read more »
Suncor names former Imperial chief Rich Kruger as new CEO amid shareholder pressureSuncor Energy named Rich Kruger as its new chief executive, ending a seven\u002Dmonth search. Find out more
Read more »