JOHANNESBURG, July 14 South Africa's AngloGold
Ashanti (ANGJ.J) said on Monday it expects its second quarter
production to be 3 percent above its previous guidance at 1.25
million ounces, and that it had cut its gold hedge position.
The world's third biggest gold producer said it had cut its
gold hedge by 4.4 million ounces or 39 percent in the first half
of this year, and would trim the hedgebook further to around 46
percent this year.
AngloGold said second quarter gold production had been
achieved at a total cash cost of $343 per ounce or by 6.5
percent better than previously forecast.
(Reporting by James Macharia)