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AngloGold’s free cash trebles, slashes net debt

Gold mining company AngloGold Ashanti announced on Monday that it had more than trebled free cash flow generation in the first half of the year to $108-million and lowered net debt by almost a third, as costs fell and it took advantage of a higher gold price. In its presentation of results for the six months to June 30, the company reported half-year gold production of 1.745-million ounces as being in line with the full-year guidance range of 3.6-million ounces to 3.8-million ounces.