Anglogold Ashant Stock Price, News & Analysis

Most director elections and re-elections received overwhelming support above 99%, though Albert Garner's re-election saw lower approval at 82.02%. The Directors' Remuneration Report was approved with 91.39% support.

AngloGold Ashanti plc (NYSE: AU) has reported significant securities transactions by two senior executives. CEO Alberto Calderon received 80,296 ordinary shares under the 2023 Deferred Share Plans (DSP), of which he sold 40,148 shares at an average price of $40.88 per share, generating approximately $1.64 million to cover tax obligations.

Additionally, Chief Operating Officer Richard Jordinson, who will retire on June 1, 2025, after 13 years in senior management, received 38,346 shares through the DSP and subsequently sold all of them at an average price of $40.90 per share, resulting in a transaction value of about $1.57 million.

AngloGold Ashanti (AU) and Gold Fields have decided to pause discussions regarding their proposed joint venture that would have combined their Iduapriem and Tarkwa gold mines in Ghana. The joint venture was initially proposed in March 2023, and both companies have been in dialogue with the Ghanaian government for approvals. During this period, AngloGold Ashanti has identified potential improvements to its standalone mine plan for Iduapriem that could unlock significant additional value. Both companies will now focus on enhancing their respective sites' standalone performance, with AngloGold Ashanti particularly focusing on implementing its improved long-term mining plan.

AngloGold Ashanti has agreed to sell its Côte d'Ivoire gold projects to Resolute Mining as part of its strategy to focus on U.S. operations. The deal includes the sale of the Doropo Project and ABC Project through Centamin West Africa Holdings.

The Doropo Project sale is valued at $175 million, structured as:

• $25 million cash at completion
• $50 million after 18 months
• $75 million after 30 months

As part of the deal, AngloGold will acquire the Mansala Project in Guinea from Resolute, or receive an additional $25 million if the acquisition fails. The ABC Project sale includes a $10 million milestone payment upon declaring a 1.0 Moz Mineral Reserve and a 2% Net Smelter Royalty on gold production.

The transaction is set to complete on May 1, 2025, with no conditions for the main sale.

AngloGold Ashanti (AU) has filed its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on April 15, 2025. The report contains the company's audited consolidated financial statements for the fiscal year ended December 31, 2024.

The annual report is now accessible on both AngloGold Ashanti's corporate website and the SEC's website. Shareholders can request electronic copies of the document and may also obtain free hard copies of the complete audited financial statements by contacting the Company Secretarial Department via email.

AngloGold Ashanti has announced its 2025 Annual General Meeting (AGM) scheduled for Tuesday, May 27, 2025, at 9:00 a.m. Mountain Daylight Time. The meeting will be held at Greenwood Village, Colorado, with virtual attendance options available for shareholders.

The company has published the Notice of AGM, which can be accessed at reports.anglogoldashanti.com. Shareholders can participate virtually through a live video feed, submit votes, and ask questions either in writing or via audio. The record date for determining voting eligibility is set for April 4, 2025.

The company's 2024 UK Annual Report, published on March 26, 2025, will be distributed to shareholders who opted for paper communications and is available on the company's website.