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AngloGold's focus on profit margins paying off - CEO

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(iStock)
(iStock)

Cape Town - AngloGold Ashanti’s [JSE:ANG] focus on improving profit margins regardless of the lower metal price environment has paid off, as is evident from the company’s positive cash flow, said CEO Srinivasan Venkatakrishnan.

Speaking on the second day of the 2017 Mining Indaba, Venkatakrishnan said the company is one of only two majors in the global gold industry that hasn’t needed to issue equity since 2010. 

READ: AngloGold CEO to outline way forward 

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