Singapore (Platts)--15May2009AngloGold Ashanti posted an adjusted headline earning of 0 millionfor the three months ended March 31, 2009, up 43% from 5 million recordedlast year, boosted by higher gold prices, the company said Friday. In the December quarter, the company posted a loss of million. "The improved earnings are due to higher spot gold prices, a lower hedgediscount and weaker local operating currencies," said AngloGold CEO MarkCutifani. The higher gold prices helped boost the company's prices received on thegold sales to 8/oz for the quarter, up 13.6% on year. "The earnings performance shows strong leverage to higher gold prices,even during what is traditionally a slow production quarter," said Cutifani. Production in the quarter totaled 1.103 million oz of gold, down 7.8% onyear. AngloGold said the first three months of the year was traditionally theweakest operational period of the year as it followed the annual 10-day,year-end break at South African mines. Total cash cost during the period was 5/oz, an increase of 3.5% overlast year. Hedge commitments stood at 5.84 million oz as at March 31, representingan overall reduction of almost 50% over the past year. Based in Johannesburg, South Africa, AngloGold is a leading global goldproducer with 21 mining operations spanning four continents.--Li Anne Wong, [email protected]