AngloGold ups third-quarter production, cash flow as higher grades offset inflation

Gold-mining company AngloGold Ashanti reported strong year-on-year improvements in production, all-in sustaining costs and cash flow for the third quarter of 2022, as higher grades and efficiency gains helped offset the impacts of rising inflation. The Johannesburg- and New York-listed Anglogold recorded free cash flow of $169-million in the third quarter of 2022 compared with $17-million in the third quarter last year, with AngloGold CEO Alberto Calderon continuing to prioritise execution, efficiency and careful allocation of capital.

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