File: AngloGold recently concluded the sale of its mines in South Africa and Mali.
JOHANNESBURG - 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.
Interim Chief Executive Officer Christine Ramon says the group's balance sheet is in a solid position.
She says Obuasi is also making steady progress to completion.