AngloGold +3% after upbeat preview of 2016 results

• AngloGold Ashanti (AU +3.2%) enjoys strong gains after saying it expects to swing to underlying profit in 2016 due to higher gold prices, positive currency translation and cost controls.
• AU sees headline earnings for the year of $104M-$118M and headline EPS of $0.25-$0.28, vs. 2015's headline loss of $73M and $0.18/share, respectively.
• AU also expects full-year 2016 gold production, total cash costs, all-in-sustaining costs and capex to finish in-line with earlier guidance.
• Press release