South African output rises as AngloGold delivers at lower cost

The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs. Production rocketed 29% at Mponeng, the world’s deepest mine, where all-in sustaining costs (AISC) in rands fell by 14%, and production at surface material treatment operation Mine Waste Solutions jumped 17% and AISC declined by 5%.