Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

AngloGold Ashanti anticipates a decline in first-half earnings

03 august 2023

AngloGold Ashanti expects its basic earnings for the six months ended 30 June 2023 to be between $25 million and $54 million, resulting in basic earnings per share (EPS) between 6 and 13 US cents, a decrease of 82% to 92% compared to the prior-year period.

Comparative basic earnings and earnings per share were $298 million and 71 cents, respectively.

It predicted that the period's headline earnings would be between $125 million and $155 million, with headline earnings per share (HEPS) between 30 and 37 cents, a decrease of 48 to 58 percent compared to the prior period.

The headline earnings and HEPS for the prior year were $300 million and 71 cents, respectively.

Due to non-cash impairments and derecognitions in Brazil, the anticipated decline in basic earnings for the period compared to the prior period was $103 million after taxes, or 24 cents.

Cuiabá's Queiroz metallurgical factory, Córrego do Stio, suspended operations due to operational underperformance during the buttress at Calcinados tailings storage facility and derecognition.

Anglo Gold expects gold production for the period to reach 1.236Moz (million ounces), compared to 1.233Moz during the prior period.

Following a stronger second quarter, it predicted that gold production would be marginally higher year-over-year, with enhanced production contributions from Obuasi, Sunrise Dam, Geita, Iduapriem, and Tropicana operations.

The increase in gold production was also driven by a higher overall recovered grade for the group, partially offset by lower tonnes processed.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished