AngloGold Ashanti Ltd. (ANG.JO), the world's No. 3 gold producer, reported a first-half loss on Monday, due to impairments at some South African mines, higher operating costs and a provision for the settlement of a class action lawsuit.
AngloGold reported a loss of $176 million in the six months to June 30, from a profit of $52 million during the same period in 2016, in line with the company's previously announced guidance.
Continue Reading Below
The company said its headline loss, which strips out certain exceptional and one-off items, came in at 22 cents a share, from a profit of 23 cents a share a year earlier. Revenue for the first six months of the year rose 4.3% to $2.13 billion.
The South Africa-based mining company's shares are down 12% year-to-date and 48% over the last 12 months on the Johannesburg Stock Exchange.
-- Write to Alexandra Wexler at firstname.lastname@example.org
(END) Dow Jones Newswires
August 21, 2017 01:44 ET (05:44 GMT)