Free cash flow for the three months ended Sept. 30 was $88 million, AngloGold said, compared with $41 million at the end of the second quarter.

Gold output increased 11% in the third quarter of the year to 997,000 ounces, compared to the 900,000 ounces it produced a year earlier.

The Johannesburg-based gold miner noted all-in sustaining costs remained unchanged at $1,071 an ounce, but the its net debt increased 4.6% to $2.06 billion.

After suffering heavy losses in its home market, the company had said in June it would restructure its South African mines, which could lead to 8,500 workers, or around 30% of its workforce, being laid off.

Last month, AngloGold sold its Moab Khotsong mine as well as Kopanang Mine and the West Gold Plant for a total $307 million. Once those transactions are complete and the loss-making TauTona mine is placed on care and maintenance, the company said an estimated 13% of its total production would come from its remaining operations in South Africa.