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AngloGold Ashanti 2017 earnings hit by costs and provisions

Published Tue, Feb 20, 2018 · 09:50 PM
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Johannesburg

AFRICA'S top bullion producer AngloGold Ashanti posted lower annual earnings on Tuesday, hit by restructuring costs and US$46 million in provisions for an expected settlement in a class-action suit related to a fatal lung disease.

"Adjusted headline earnings for 2017 include the impact of retrenchment provisions in the South Africa region of US$71 million (post-tax) and the provision for the settlement of the silicosis class action claims and related e…

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