AngloGold swings to profit

AngloGold Ashanti swung to a first-half profit after costs declined and output rose as the world’s third-largest gold producer prepares for a change in leadership.

It reported adjusted headline earnings of $85 million for the six months through June, compared with a loss of $93 million a year earlier. Net debt dropped 17% year on year, to $1.79 billion, the company said. – Bloomberg