AngloGold Ashanti Posts Adjusted Profit

posted an adjusted profit for for the first quarter. AngloGold posted quarterly adjusted headline earnings of $35 million, or $0.9 cents per share, from $119 million, or $0.29 cents per share, in the year-earlier period. Its revenue came in at $1.1 billion during the quarter. Adjusted EBITDA slipped to $409 million, from $476 million, in the year-ago quarter. The company produced 969,000 ounces of gold during the quarter, compared to from 1,055 million ounces. AngloGold Ashanti CEO Srinivasan Venkatakrishnan said, "This is an exceptionally strong performance from our International portfolio in particular, and one which shows the benefit of our diversified portfolio." AngloGold shares rose 0.18 percent to close at $11.26 on Friday.