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AngloGold Ashanti Ltd (AU.N)

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Latest Key Developments (Source: Significant Developments)

Anglogold Ashanti posts Q1 adjusted EBITDA $314 mln
Monday, 8 May 2017 01:06am EDT 

May 8 (Reuters) - Anglogold Ashanti Ltd ::Q1 gold production of 830,000oz at an average total cash cost of $813/oz (up from $702/oz in q1 2016).Q1 adjusted EBITDA of $314m, down from $378m in Q1 2016.Q1 free cash outflow of $119m.Says company remains on track to deliver full-year production guidance.Net debt at 31 March 2017 was $2.05bn, down from $2.13bn at 31 March 2016.  Full Article

AngloGold Ashanti dividend reduced to 104 cents/shr post S.Africa budget speech
Monday, 27 Feb 2017 12:23pm EST 

Anglogold Ashanti Ltd : Net dividend per ordinary share is 104 South African cents and not 110.50 South African cents as previously announced Further company coverage: [ANGJ.J] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Anglogold Ashanti resumes dividend after 3 years
Tuesday, 21 Feb 2017 12:38am EST 

Anglogold Ashanti Ltd : Says report for six months and year ended 31 december 2016 . Says free cash flow $278 mln up 97 pct from 2015 . Says production of 3.628moz, within original guidance . Says total cash costs $744/oz, all-in sustaining costs (AISC) $986/oz, within revised guidance . Says adjusted headline earnings (AHE) of $143 mln, up from $49 mln in 2015 . Says reduced net debt level $1.92 bln and improved net debt to adjusted EBITDA ratio 1.24 times . Says dividends resume after 3 year hiatus - zar 130 cents per share (approximately U.S. 10 cents per share) . Says proven and probable gold reserves at year end of 50.1moz, substantially offsets depletion . Says h2 free cash flow $170 mln, up 55 pct from $110 mln in second-half of 2015 . Says H2 production (from continuing operations) of 1.883moz, down from 1.953moz in second half of 2015 . Says H2 total cash costs at $780/oz; AISC $1,058/oz, up from $699/oz and $897/oz respectively, in second half of 2015 . Says FY AISC came in at $986/oz, up from $910/oz in 2015 . Says FY production negatively impacted by weaker production from South African operations due to safety-related stoppages, lower grades from Kibali . Says FY net profit attributable to equity shareholders during 2016 was $63m compared with a net loss from continuing operations of $85m a year earlier.  Full Article

Orinoco Gold secures strategic partnership with Anglogold Ashanti
Monday, 6 Feb 2017 07:53pm EST 

Orinoco Gold Ltd - : Orinoco secures strategic partnership with Anglogold Ashanti . Anglogold to make a$5.9m cornerstone investment to hold a 15% stake in orinoco .Anglogold will also enter into a us$9.5 million exploration joint venture on orinoco's broader faina goldfields tenement portfolio.  Full Article

AngloGold Ashanti Ltd sees FY HEPS more than double
Thursday, 2 Feb 2017 09:00am EST 

AngloGold Ashanti Ltd : Trading Statement For The Year Ended 31 December 2016 . HEPS for period is expected to be between 239 pct and 256 pct higher than for year ended 31 December 2015 . Sees HEPS between 25 cents and 28 cents .FY gold production, total cash costs, all-in-sustaining costs and capital expenditure are expected to be in line.  Full Article

AngloGold Ashanti Q3 adjusted EBITDA up 36 pct to $395 mln
Monday, 14 Nov 2016 12:05am EST 

AngloGold Ashanti Limited : JSE: Ang - Market Update Report For The Quarter Ended 30 September 2016 . Free cash flow $161m (before $30m once-off bond redemption cost); strong improvement from $50m outflow in Q3 2015 . All-In sustaining costs $1,071/oz, versus $937/oz in Q3 2015 (impacted by higher sustaining capital expenditure, lower grades and inflation) . Adjusted EBITDA rose 36 pct to $395m, from $291m in Q3 2015 . Production and capital expenditure remain within original guidance; cost guidance revised mainly due to currency strength .Gold production 900,000oz at average total cash cost of $797/oz (versus $735/oz in Q3 2015).  Full Article

Saracen Mineral enters into agreement with AngloGold
Sunday, 16 Oct 2016 05:44pm EDT 

Saracen Mineral Holdings Ltd : Asx alert-farm-in and joint venture agreement with Anglogold . Anglogold enters A$25m farm-in with Saracen at Carosue Dam north .Exploration partnership covers Butcher Well and Lake Carey tenements.  Full Article

Anglogold Ashanti says H1 adjusted earnings at 39cents/shr vs 15cents/shr yr ago
Monday, 15 Aug 2016 01:31am EDT 

Anglogold Ashanti Ltd : Report for the six months ended June 30 2016 . Says H1 gold production of 1.745 moz, in line with full year guidance range of 3.6moz - 3.8 moz . High yield bond fully redeemed on Aug. 1 2016, further improving future free cash flows . H1 all-in sustaining costs (AISC) were $911/oz, a $13/oz improvement year-on-year . Production was 1.745 moz at a total cash cost of $706/oz for six months to June 30 2016, compared to 1.878 moz at $726/oz in first six months of 2015 . Capital expenditure (including equity accounted entities) was $318m for six months ended June 30 2016 . Production guidance provided to market for 2016 full year remains unchanged . Estimated total cash costs are expected to remain between $680/oz and $720/oz . AISC are expected to remain between $900/oz and $960/oz at average exchange rates of zar14.97/$, brl3.51/$, $0.74/a$ and ap15.10/$, and brent crude oil at $42/bl average for year . Says H1 adjusted headline earnings were $159 mln, or 39 cents per share, compared with $61 mln, or 15 cents . Net debt at June 30 2016 was $2.098 bln, reflecting a net debt to adjusted ebitda ratio of 1.44 times . Says H1 adjusted headline earnings (AHE) of $159 mln, more than double compared to same period last year . Decrease in production from continuing operations was led by weaker production from Kibali and a planned decrease in head grades at Tropicana, as noted earlier in year.  Full Article

AngloGold Ashanti sees HEPS nearly tripling for 6 months ended June 30
Friday, 22 Jul 2016 02:55am EDT 

Anglogold Ashanti Ltd : Headline earnings are expected to be between $87 million and $99 million, with HEPS between 22 cents and 24 cents for 6 months ended June 30 . Sees six-month HEPS are both expected to be between 167% and 177% higher than for six months ended 30 June 2015 . Gold production for period is expected to be 1,745koz for 6 months ended June 30 . All-In sustaining costs of $911/oz for period ($924/oz for comparative period in 2015) .Says adjusted headline earnings and AHEPS, expected to exceed headline earnings and heps by $66 million and 16 cents, respectively.  Full Article

Luna Gold announces Greenfields exploration agreement with AngloGold Ashanti
Friday, 27 May 2016 09:00am EDT 

Luna Gold Corp : Luna Gold announces Greenfields exploration agreement with AngloGold Ashanti . Terms of agreement require AngloGold Ashanti to invest us$14 million in exploration expenditure over a four year period . Should AngloGold Ashanti not fund us$14 million in exploration over 4-yrearn in period, then will not receive any interest in mineral claims . AngloGold Ashanti is required to spend a minimum of us$2 million during first year of earn-in period . AngloGold Ashanti can withdraw from agreement at any time after spending us$2 million . Luna will thereafter be obligated to fund future joint venture expenditures on a pro-rata basis .Joint venture agreement will provide AngloGold Ashanti with a one-time option to purchase 1% NSR for us$8 million.  Full Article

More From Around the Web

UPDATE 1-AngloGold profit down as South Africa underperforms

JOHANNESBURG, May 8 Africa's biggest gold miner AngloGold Ashanti reported a 16 percent drop in first-quarter profit on Monday following a decline in South African production, sending its shares down nearly 5 percent.