LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) is pleased to provide its preliminary unaudited condensed consolidated financial statements as of and for the six months and the year ended 31 December 2023 (the “FY 2023 Earnings Release”). FY 2023 Financial and Operating Update The FY 2023 Earnings Release should be read together with AngloGold Ashanti’s preliminary financial update for the six months and the year ended 31 December 2023 ...

Inching higher about 1.2% through the first four days of the week, the S&P 500 seems likely to lock in a gain for the first full week of March. There's almost no doubt, on the other hand, that gold stocks are going to end the week sharply higher than where they were at this time last week thanks to the rising price of gold.According to data provided by S&P Global Market Intelligence, AngloGold Ashanti (AU 0.72%), Iamgold (IAG 1.95%), and New Gold (NGD -2.60%) have climbed 13.5%, 12.4%, and 14.9%, respective ...

DENVER--(BUSINESS WIRE)--AngloGold Ashanti plc announces that Ms. Maria Ramos, independent non-executive director and chairman of the Board of Directors, has elected not to stand for re-election at the upcoming annual general meeting of shareholders on 28 May 2024. The Board of Directors has voted unanimously to appoint Mr. Jochen Tilk as Chairman of the Board of Directors with effect from 28 May 2024, subject to his re-election at the AGM. Ms. Ramos served as director of AngloGold Ashanti since 1 June 2 ...

Financial Data and Key Metrics Changes - The company reported a strong H2 performance with a 15% increase in gold production, leading to a free cash flow of $314 million in H2 [7][9][31] - All-in sustaining costs increased to $1,038 per ounce, reflecting higher cash costs and planned increases in sustaining CapEx [9][31] - The average gold price received was approximately $1,930 per ounce, an 8% increase compared to 2022 [29] Business Line Data and Key Metrics Changes - Tier 1 assets produced 1.6 million ounces of gold at a cash cost of $990 per ounce, with Geita showing a strong recovery [10][11] - Cuiabá generated $78 million in free cash flow in H2, demonstrating a successful recovery from previous challenges [11][12] - The full asset potential program realized $215 million in savings, significantly offsetting inflation and production disruptions [15][33] Market Data and Key Metrics Changes - The company faced inflationary pressures, with an average CPI of 8% for the year, impacting cash costs [30][31] - Currency weakness in the Australian dollar, Argentine peso, and Ghanaian cedi is expected to continue affecting inflation [30] Company Strategy and Development Direction - The company aims to close the value gap with peers by improving operational efficiencies and focusing on high-value projects [6][39] - A significant discovery of a 9.1 million ounce inferred mineral resource at Merlin in Nevada is expected to enhance the company's growth potential [25][22] - The company is prioritizing full asset potential to improve production stability and efficiency across its operations [17][39] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of operations, particularly at Obuasi, with expectations of increased production in 2024 [49][50] - The company is focused on maintaining a strong balance sheet and decreasing debt levels while investing in growth opportunities [34][39] - Management acknowledged challenges but emphasized the company's improved competitive position and operational resilience [39][40] Other Important Information - A potential error in the calculation of a deferred tax asset at Obuasi could impact earnings by up to $146 million, but it is non-cash and does not affect production or cash flow [4][5] - The company declared a dividend of $0.19 per share, reflecting confidence in its financial health and commitment to returning value to shareholders [9][33] Q&A Session Summary Question: Can you provide visibility on the full-asset potential implementation and its impact on costs? - Management indicated that the full-asset potential program is tracking well, with significant improvements in EBITDA expected [43][44] - Costs were slightly higher than initial guidance due to specific challenges at Obuasi and Brazil operations, but future guidance remains stable [45] Question: What is the expected timeline for permitting and construction at North Bullfrog? - Management expects production to begin in 2026, with ongoing engagement with regulators to support the permitting process [46][47] Question: How do the costs of the underhand cut and fill method compare to previous methods? - The underhand cut and fill method has shown a cost per ounce of $750, compared to $800 for the previous method, indicating improved efficiency [61] Question: What are the expectations for all-in sustaining costs at Obuasi? - All-in sustaining costs for Obuasi are expected to be in the range of $950 to $980 per ounce, reflecting improved operational efficiencies [61] Question: Is there a plan to increase transparency with a three-year outlook? - Management acknowledged the need for increased transparency and is working towards providing a more detailed outlook in the future [68]

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Investors looking for stocks in the Mining - Gold sector might want to consider either AngloGold Ashanti (AU) or Royal Gold (RGLD) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight compani ...

DENVER--(BUSINESS WIRE)--AngloGold Ashanti plc (“AGA”) will release its results for the year ended 31 December 2023 on Friday, 23 February 2024. We invite you to participate in our market call via webcast or conference call. Market Call 23 February 2024 08:30 ET / 13:30 UK / 15:30 CAT Conference call pre-registration: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=5305081&linkSecurityString=f727d980a Webcast link: https://www.corpcam.com/AngloGold/AGA23022024.htm ...

Summary of AngloGold Ashanti Limited Full Year 2021 Earnings Conference Call Company Overview - **Company**: AngloGold Ashanti Limited (NYSE: AU) - **Date of Call**: February 22, 2022 - **Participants**: Key executives including CEO Alberto Calderon, CFO Christine Ramon, and CTO Marcelo Godoy Key Industry Insights - **Safety Performance**: The all injury frequency rate was 2.13 injuries per million hours worked, below the ICMM member average, with a focus on eliminating major hazards [4][5] - **COVID-19 Response**: Approximately 80% of the workforce was fully vaccinated by year-end, aiding in business continuity [5] - **Climate Change Initiatives**: The company published its inaugural Climate Change Report and committed to net zero Scope 1 and 2 emissions by 2050 [6][7] Financial Performance - **Production and Costs**: - Total cash costs increased by 22% to $963 per ounce due to lower grades and stockpile drawdowns [37] - All-in sustaining costs were $1,355 per ounce, a 31% increase year-on-year [39] - Cash flow generated was $104 million despite challenges [10] - **Capital Expenditure**: Sustaining capital increased by 57% to $281 million, primarily due to tailings investment [39] - **Debt Management**: Adjusted net debt decreased by 76% from its 2014 peak, with a strong balance sheet and liquidity of $1.15 billion [40][41] Operational Highlights - **Production Guidance**: Expected production for 2022 is between 2.55 million to 2.8 million ounces, with a significant contribution from Obuasi [45] - **Geita Mine**: Ore reserves grew by 112% over four years, with expectations of steady-state operations producing over 500,000 ounces annually [13][14] - **Latin America Operations**: Faced challenges due to COVID-19 but showed a stronger second half with an 18% production increase [14] Strategic Initiatives - **Full Asset Potential Review**: A comprehensive review process initiated to assess and improve the performance of each asset, expected to take about three months [35][36] - **Exploration Investments**: Significant investments in exploration and Ore Reserve development, with a cumulative addition of 8.7 million ounces over two years [24] - **Nevada Projects**: Acquisition of Corvus to establish a low-cost, long-life production base in Nevada, with initial production expected in three years [25][26] Challenges and Risks - **Inflationary Pressures**: Estimated inflation of 7% to 8% for the group, with ongoing monitoring of supply chain impacts [46] - **COVID-19 Uncertainties**: Potential impacts on production and costs remain unpredictable, particularly in high-risk regions [49] Conclusion - **Future Outlook**: The company is focused on improving operational performance, maintaining a strong balance sheet, and executing its reinvestment strategy to unlock value from its assets [50][51]

AngloGold Ashanti Limited (NYSE:AU) Q3 2021 Results Earnings Conference Call November 1, 82021 8:00 AM ET Company Participants Stewart Bailey - EVP, Corporate Affairs & Sustainability Alberto Calderon - Chief Executive Officer Christine Ramon - Chief Financial Officer Graham Ehm - EVP, Group Planning & Technical Conference Call Participants Jared Hoover - RMB Morgan Stanley Dominic O'Kane - JPMorgan Stewart Bailey Good afternoon, everyone. Welcome to AngloGold Ashanti's Q3 2021 Results. Thank you very much ...