AngloGold unveils $2bn buyback as registers record cash flow
ANGLOGOLD Ashanti on Friday unveiled plans for a $2bn share buy-back following another quarter of record free cash flow. Announcing its first quarter numbers, the New York listed…
AngloGold, Gold Fields make ground on North American rivals
OUTPUT declines at North America’s three largest gold producers are allowing mining companies in other regions to close the gap in global production rankings, said Bloomberg News…
AngloGold to call $3.6bn US project study in June
ANGLOGOLD Ashanti said on Thursday a prefeasibility study of its cornerstone greenfields project Arthur confirmed average annual production of 500,000 ounces a year to be mined…
AngloGold declares record payout, unveils major gold prospect
ANGLOGOLD Ashanti smashed records on several fronts on Friday, announcing a $1.8bn total payout and unveiling details of a project study its CEO described as one of the world’s…
Wind in their sails? How AngloGold and Gold Fields stack up
SOUTH African gold miners have sought valuation parity with their North American rivals for decades, largely by chasing offshore expansion. Gold mines in South Africa are deep,…
AngloGold says historic valuation gap finally closed
ANGLOGOLD Ashanti CEO Alberto Calderon said on Friday a long-standing discount between his firm’s valuation and North American peers had finally been removed and pledged more…
AngloGold to buy Nevada neighbour Augusta Gold for $111m
ANGLOGOLD Ashanti on Wednesday announced a $111m offer for Augusta Gold, a Toronto-listed business which owns gold-bearing tenements in Nevada’s Beatty District. The deal,…
AngloGold expects liquidity boost from Russell index inclusion
ANGLOGOLD Ashanti is to be included in the Russell 3000 and other Russell indexes from June 27, a development that may drive significant investment interest in the gold stock,…
AngloGold sells Brazil mine Serra Grande for $76m
ANGLOGOLD Ashanti said on Monday it had agreed the sale of its Brazil mine Mineração Serra Grande (MSG) which will be acquired by Aura Minerals for $76m. Aura Minerals is a…
Clearly, Mike Fraser didn’t join Gold Fields to play safe
SO much for Africa’s largest gold mine, the sobriquet given to a joint venture (JV) in Ghana between Gold Fields and AngloGold Ashanti. Unveiled in March 2023, the aim was for…
AngloGold explores other avenues for returns after stellar Q1
ANGLOGOLD Ashanti would consider additional shareholder returns if the gold price remained at current levels for the remainder of the financial year. This was after a…
AngloGold Ashanti’s takes critical step on decarbonisation journey
ANGLOGOLD Ashanti has announced the successful completion of a major renewables project to create the largest hybrid power system in Australia’s mining sector.
AngloGold installs Tropicana renewables project
ANGLOGOLD Ashanti said on Monday it had completed the Tropicana renewables project, described by the miner as the largest hybrid power system in Australia’s mining industry.…
AngloGold upgrades payout policy to 50% of free cash flow
ANGLOGOLD Ashanti has capped a strong year of share price gains unveiling today an upgraded dividend policy in which it would pay 50% of free cash flow and a base dividend of 50…
AngloGold Ashanti rebounds in Q3 with resounding profit
ANGLOGOLD Ashanti rebounded to a third-quarter profit on higher gold prices, after suffering a loss in the corresponding period due to restructuring costs and other one-off…
Gold Fields, AngloGold fail to make progress on Ghana JV
GOLD Fields and AngloGold Ashanti said on Thursday they were yet to make a breakthrough on a proposed joint venture in Ghana. An agreement to jointly operate Gold Fields’s Tarkwa…
So far, AngloGold is on the right side of Centamin pricing risk
ANGLOGOLD Ashanti’s surprise $2.5bn swoop on UK-listed gold miner Centamin ushers in a new phase for Alberto Calderon, who marks his third year as CEO of AngloGold this month. He…
AngloGold open to selling mines if Centamin deal passes muster
ANGLOGOLD Ashanti CEO Alberto Calderon said he was open to selling less profitable mines if the firm’s $2.5bn offer for Centamin announced today was approved. “In my view, you…
AngloGold bids $2.5bn in cash and shares for Centamin
ANGLOGOLD Ashanti has launched a $2.5bn share and cash takeover of Centamin, the 470,000 ounce a year African gold miner. The offer, which has received the irrevocable support of…
AngloGold stages major turnaround in interim free cash
ANGLOGOLD Ashanti staged a $400m swing in year-on-year free cash flow for the six months ended June after slashing total cash costs at its mines. The gold miner consequently…