- Write by:
-
Tuesday, February 9, 2021 - 11:30:18 PM
-
660 Visit
-
Print
Mining News Pro - South Africa’s AngloGold Ashanti said on Tuesday it expected annual earnings to almost triple, boosted by a surge in gold prices during 2020 as investors rushed to buy the precious metal seen as a safe-haven asset in turbulent times.
The gold miner expects to report headline earnings per share between 229 cents and 247 cents for the year ended Dec. 31, 2020, compared with 91 cents reported a year earlier, it said.
A surge in prices of precious metals, including gold’s climb above $2,000 an ounce early last year, had offered miners a lifeline after production disruptions caused by the covid-19 pandemic.
However, the miner, present in many African countries along with Argentina, Australia, and Colombia, expects a 7% fall in its annual gold production, mainly due to the sale of its South African operations and pandemic-induced disruptions.
Short Link:
https://www.miningnews.ir/En/News/610406
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation ...
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in ...
No comments have been posted yet ...