Apex Trader Funding - News
AngloGold Navigates Production Challenges; Golden Minerals Sells Key Assets; Metallus Launches Share Buyback And More: Friday's Top Mining Stories
Top Stories for May 10, 2024:
1. AngloGold Ashanti (NYSE:AU) reported a 2% increase in annual gold production for the first quarter of 2024, maintaining its full-year production guidance despite challenges from severe weather in Western Australia.
CEO Alberto Calderon highlighted consistent operational improvements and strong safety outcomes, with no fatalities recorded for the 11th consecutive quarter.
The company is continuing its efforts to enhance safety, cost performance and mine life extension.
Production gains were seen at multiple sites, although offset by reductions at others due to environmental impacts and operational halts.
Obuasi’s production met expectations and is set to increase in the latter half of the year.
Despite temporary setbacks from flooding at Tropicana, the company anticipates recovering lost production later in the year.
2. Golden Minerals (AMEX:AUMN) agreed to sell key ...