AngloGold Chief Cutifani Sees Gold at $1,000-$1,200 This Year

By Carli Lourens

Feb. 2 (Bloomberg) -- AngloGold Ashanti Ltd.’s Chief Executive Officer Mark Cutifani said the metal may trade between $1,000 and $1,200 an ounce this year.

At levels below $1,000, several producers would struggle as total costs to produce the metal are around $800 or $900 an ounce, he told reporters in Cape Town late yesterday. AngloGold is the world’s third-biggest producer of the metal.

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net.