Net loss attributable to equity shareholders for the year ended Dec. 31
totaled $2.23 billion, compared with a profit $897 million in 2012, the
Johannesburg-based company said.
The company, which is the world's third-largest gold producer, said the
loss was due to a post-tax impairment of assets and investment and
inventory write-downs of $2.5 billion.
The loss came despite an increase in annual production, the first time
in nine years. AngloGold production for the year was 4.105 million troy
ounces, compared with 3.94 million ounces in 2012. While production
improved, the price received for its gold on average was down 16% from a
year ago.
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