JOHANNESBURG, SOUTH AFRICA--(Marketwired - February 23, 2015) - AngloGold Ashanti (NYSE: AU) today posted its second consecutive growth in annual production alongside a 13% improvement in all-in sustaining costs, as it continued to focus on portfolio improvements and capital discipline.Production rose 8% to 4.44Moz at an all-in sustaining cost of $1,026/oz in the 12 months through December 31, 2014, from 4.10Moz at [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 03, 2014) - Record safety performanceProduction 1,128Moz up 8% year-on-year; beats guidanceTotal cash costs up 1% to $820/oz; beat guidanceAll-in-sustaining costs down 10% year-on-year to $1,036/ozAll-in costs down 19% year-on-year to $1,144/ozFree Cash Flow of $30m, vs outflow of $222m in the same period a year agoAdjusted EBITDA $400m from $327m year-on-yearEBITDA [...]
AngloGold Ashanti reported a 17% increase in production for the second quarter compared with the same period a year earlier, as its two new mines continued to contribute lower-cost ounces, and a strong safety performance helped its South Africa operations improve their contribution. The overall result for the company showed significant improvement in all key areas. In the second quarter, compared with the corresponding [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Jul 25, 2014) - Shareholders are referred to today's announcement by Rand Refinery regarding a loan facility extended to it by certain of its shareholders, as a precautionary measure. This follows challenges encountered in the implementation of a new Enterprise Resource Planning system at the refinery. AngloGold Ashanti (NYSE: AU) confirms its participation in the loan facility [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Jul 7, 2014) - AngloGold Ashanti (NYSE: AU) is pleased to announce Christine Ramon will be taking the post of Chief Financial Officer and Executive Director of the Board, from October 1, 2014. She will replace Richard Duffy, who will then step down from both the Board and Executive Committee. The appointment of Ms. Ramon, a chartered accountant, follows a global search by the [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - May 19, 2014) - AngloGold Ashanti (NYSE: AU) today posted a strong set of results, beating first-quarter production and cost guidance, as operating performance and cost initiatives continue to reposition the business. Adjusted headline earnings were $119m, or 29 US cents per share. "Our operators have delivered another strong performance and we continue to manage costs [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb 19, 2014) - AngloGold Ashanti (NYSE: AU) said today all-in sustaining costs in 2013 improved and annual production rose for the first time in almost a decade after it successfully cut spending and commissioned two new mines. Production in 2013 was 4.105Moz, exceeding guidance, compared to 3.944Moz in 2012, the first time yearly production increased since 2005. Additional [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb 17, 2014) - AngloGold Ashanti (NYSE: AU) announces that as a result of his increasing portfolio of professional commitments, Mr. Tito Mboweni has decided not to stand for re-election as Non-Executive Director at the Annual General Meeting to be held in May, 2014. Mr. Mboweni has stood down as Chairman today, but to ensure a smooth transition has agreed to work closely with [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb 10, 2014) - AngloGold Ashanti (NYSE: AU) is pleased to announce that it has signed a binding agreement to sell its entire interest in AngloGold Ashanti Namibia (Proprietary) Limited ("AGAN"), a wholly owned subsidiary which owns the Navachab Gold Mine ("Navachab"), to a wholly-owned subsidiary of QKR Corporation Limited ("QKR") (the "Transaction"). The agreement provides for [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Nov 6, 2013) - AngloGold Ashanti (NYSE: AU) Gold production up 12% from previous quarter to 1,043koz; better than 950koz-1Moz guidance. Total cash costs $809/oz improve 10%; better than $860/oz-$890/oz guidance. Annual cost and production guidance1 maintained at 4.0Moz - 4.1Moz at $815/oz - $845/oz. Operating improvements recorded by all four operating regions and 9 of 10 [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Sep 26, 2013) - AngloGold Ashanti (NYSE: AU) is pleased to announce that the Tropicana Gold Mine in Western Australia began production today ahead of schedule and within budget, adding new ounces at below the company's current average cost structure and so improving the overall quality of its portfolio. "We've taken Tropicana all the way from discovery through development and now [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - Sep 25, 2013) - AngloGold Ashanti (NYSE: AU) reports that the Kibali Gold Mine, a joint venture with Randgold Resources, has successfully delivered its first gold production early and within budget to further improve the overall quality of its portfolio by introducing new ounces at costs lower than its current average. "Kibali is a world-class gold mining asset with good growth [...]