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AngloGold Ashanti sees earnings to almost triple as gold prices surge

PUBLISHED: Tue, 09 Feb 2021 05:37:37 GMT

Feb 9 (Reuters) – South Africa’s AngloGold Ashanti said on Tuesday it expected annual earnings to almost triple, boosted by a surge in gold prices during 2020 as investors rushed to buy the precious metal seen as a safe-haven asset in turbulent times.

The gold miner expects to report a headline earnings per share between 229 U.S. cents and 247 U.S. cents for the year ended Dec. 31, 2020, compared with 91 U.S. cents reported a year earlier, it said. (Reporting by Indranil Sarkar in Bengaluru; editing by Uttaresh.V)

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