Gold miners’ third-quarter earnings preview: AngloGold earnings retreat, while Gold Fields maintains production as costs rise
Citi expects both companies’ third-quarter production to be broadly flat, shifting attention to full-year guidance and cash returns. AngloGold is weighed down by gold prices and mine disruptions, but free cash flow is expected to improve quarter on quarter; Gold Fields’ production is in line with guidance, while rising costs and a Ghanaian lease are constraints.
Citi ·