AngloGold Ashanti Ltd. (AU) Misses Q3 EPS by 15c; Reduces CapEx for FY12

November 8, 2012 8:43 AM EST
AngloGold Ashanti Ltd. (NYSE: AU) reported Q3 EPS of $0.61, $0.15 worse than the analyst estimate of $0.76.

In order to maintain its balance sheet flexibility, AngloGold Ashanti has reduced its capital expenditure budget for this year by $200m to between $2bn and $2.1bn. The company is also conducting a study of its corporate costs, focusing on drawing fewer, higher-quality ounces from its South African mines and reviewing the timing of projects including the Sadiola Deeps project in Mali and the Mongbwalu project in the Democratic Republic of Congo.

For earnings history and earnings-related data on AngloGold Ashanti Ltd. (AU) click here.

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