Business and Technology

AngloGold Ashanti sees a rise in Q1 earnings

It’s been a bumpy first quarter for AngloGold Ashanti. The miner says it produced 7 percent less gold year-on-year in the first quarter. Some of this is being blamed on COVID-19 absenteeism at its Ghana and Brazil mines. But the good news is that the higher gold price helped cushion the impact.

Its reported headline earnings of R2.8-billion is a 51 percent improvement from the previous reporting period. She says Obuasi is also making steady progress to completion.
Interim Chief Executive Officer Christine Ramon says the group’s balance sheet is in a solid position.

In other news – Chaos as tweets of Somizi swearing at Mohale emerge online

Somizi Mhlongo and Mohale‘s marriage has been placed under careful observation by social media users.

Somizi

Some who wish they could end things but many are hoping the two reconcile. Learn more

Source: eNCA

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