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…
Cash flush AngloGold plans $100m Geita expansion
ANGLOGOLD Ashanti said on Tuesday it planned to spend $100m expanding production a fifth at Tanzania mine Geita to 600,000 ounces a year. The New York-listed miner also said it…
Booming metals markets boost Master Drilling’s prospects
MASTER Drilling CEO Danie Pretorius is sounding uncharacteristically cheerful for once and there are two reasons for that – he has got his own back on the company’s auditors and…
Why 2025 is a window of possibility for JSE’s gold miners
SOUTH African gold producer margins are at record levels, which is normally the cue for a commensurate margin-damaging increase in unit costs. But perhaps not this time, argues…
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…
Is AngloGold’s Calderon winning the war on sub-par ratings?
A FEATURE of gold’s record-breaking price performance in the past 12 months has been the relatively lacklustre response of the metal’s most prominent miners. The two biggest,…
AngloGold bets on H2 after tropical storm lashes Australian mines
ANGLOGOLD Ashanti increased first quarter gold production despite heavy rains that pummelled its Australian operations. Tropicana – a mine northeast of Kalgoorlie in Western…
How SA plans to profit from sky-high gold prices
On February 28 Harmony Gold approved the R7.9bn deepening of its Mponeng mine, in Carletonville, west of Joburg. Once the capital work is complete in 2030, the South African…
AngloGold Ashanti stages second half cash flow turnaround
SHARES in AngloGold Ashanti rose 6% in Johannesburg on Friday after it staged a turnaround in cash flow for the second half of its financial year ended December 31. An absence of…
AngloGold to adopt new mining method at Obuasi after output falls
ANGLOGOLD Ashanti said it would change its mining method at Obuasi after the Ghana mine produced a disappointing third quarter performance. The mine’s gold production fell 36%…
Analysts are hands-off AngloGold until noise of Calderon turnaround dissipates
NEXT month signals two years since Alberto Calderon became CEO of AngloGold Ashanti. On paper, much has been achieved. The former BHP executive has cracked the whip on mine cash…
AngloGold to pare Brazil portfolio following year-long asset review
ANGLOGOLD Ashanti said today it would look to sell Brazilian mine Córrego do Sítio (CdS) while another mine in Brazil, Serra Grande could also be sold in time. This is following…
AngloGold flags interim earnings hit owing to tailings dam upgrade in Brazil
ANGLOGOLD Ashanti said today impairments and provisions related to evolving environmental legislation affecting its operations in Brazil had contributed towards a decline in…
AngloGold keeps it steady but CEO Alberto Calderon rows against tide of inflation
ANGLOGOLD Ashanti elected to retain its Córrego do Sítio operations (CdS) in Brazil operated by subsidiary AGA Mineração after failing to attract a buyer with “the right ESG…
AngloGold ices gold concentrate at Cuiabá while strengthens tailings dam wall
ANGLOGOLD Ashanti said it will suspend gold concentrate processing at its 257,000 ounce a year Cuiabá Complex in Brazil while it was improving the safety of the Calcinados…
Signs Calderon efficiency drive is taking hold after AngloGold posts strong production quarter
ANGLOGOLD Ashanti reported strong year-on-year production and cost control for the third quarter, suggesting the efficiency drive implemented by Alberto Calderon – CEO since July…
AngloGold rolls out $1.1bn emission reduction plan aimed at carbon neutrality by 2050
ANGLOGOLD Ashanti today rolled out plans for a $1.1bn emissions reduction initiative in which the miner intends to be carbon neutral by 2050. “We have a clear pathway to achieve…
AngloGold pays windfall first half dividend after Congo mine profits unlocked
ANGLOGOLD Ashanti passed through some of the long awaited cash out of its Congo mine Kibali to shareholders today announcing it would pay a 29 US cents per share first half…
AngloGold appoints interim CFO while it seeks replacement following Ramon retirement
IAN Kramer had been appointed interim chief financial officer for AngloGold Ashanti effective from July 1 following the early retirement of Christine Ramon, the company said…
AngloGold $500m cash unlock is first step in narrowing discount to international peers
ANGLOGOLD Ashanti is expected to say at its first quarter results on Monday it had unlocked about $500m in cash from profits earned by its Kibali joint venture with Barrick Gold…