AngloGold production rises 12pc

Global gold producer AngloGold Ashanti yesterday said earnings had jumped in the third quarter, following a 12 per cent rise in output and a 10 per cent reduction in costs compared to the previous quarter. Earnings rose to $110m (£68m) from $9m. “We’ve delivered a decisive response to the lower gold price with all operating regions showing better production and we’ve seen cost improvements at every level,” said chief executive Srinivasan Venkatakrishnan.