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AngloGold Ashanti plc - $AU STOCK NEWS

Welcome to our dedicated page for AngloGold Ashanti plc news (Ticker: $AU), a resource for investors and traders seeking the latest updates and insights on AngloGold Ashanti plc stock.

AngloGold Ashanti plc, formed in 2004 from the merger of AngloGold and Ashanti Goldfields Corporation, is one of the world's foremost gold mining companies. Listed under the symbol AU, this global enterprise operates 21 distinct projects spread across four continents. The company's core business revolves around gold production, but it also generates by-products like silver and sulphuric acid.

AngloGold Ashanti operates through three primary divisions: Africa, Australia, and the Americas. The majority of its revenue comes from its African operations, which include the significant mines of Kibali, Iduapriem, Obuasi, Siguiri, and Geita. These mines not only underscore the company's robust presence in Africa but also highlight its strategic geographical diversification.

In recent years, AngloGold Ashanti has made noteworthy strides in both production efficiency and sustainability. Through continuous investments in technology and exploration, the company has managed to sustain its production levels while adhering to stringent environmental standards. This commitment is evident in its ongoing projects aimed at minimizing environmental impact and enhancing community development.

Financially, AngloGold Ashanti has demonstrated resilience and growth, maintaining a strong balance sheet and consistent cash flow. Strategic partnerships and joint ventures have further bolstered its market position, allowing the company to leverage local expertise and resources effectively. These collaborations are integral to its operational success, particularly in regions with complex regulatory and logistical landscapes.

Overall, AngloGold Ashanti plc stands as a significant player in the global mining industry, known for its extensive operational footprint, commitment to sustainability, and robust financial performance. Investors and stakeholders can look forward to continued growth and strategic initiatives aimed at enhancing shareholder value.

News
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AngloGold Ashanti held its Annual General Meeting (AGM) on May 28, 2024, announcing the results of the poll vote for resolutions listed in the AGM notice published on April 15, 2024. All resolutions were passed as ordinary resolutions. Key resolutions included receiving the 2023 Annual Report, approving the Directors' Remuneration Report and Policy, and electing several directors including Dr. Kojo Busia, Mr. Alan Ferguson, and others. Reappointment of PricewaterhouseCoopers LLP as statutory auditors and authorization for political donations up to £100,000 were also approved. Detailed poll results are available on AngloGold Ashanti's website.

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AngloGold Ashanti reported a 2% year-on-year increase in gold production, reconfirming its 2024 guidance despite challenges. The company focuses on safety, cost performance, and cash conversion, aiming to close gaps with North American peers. Positive improvements were seen in Brazil, Geita, Kibali, and Obuasi, while challenges were faced at Tropicana and Cerro Vanguardia due to flooding and planned stoppages. The Company remains on track with its projects, including the Obuasi UHDF trial, capital projects, and the Tropicana renewable energy project. AngloGold Ashanti also provided its gold production guidance for 2024 and reported a strong safety record.

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AngloGold Ashanti plc announced its Q1 2024 Production Update conference call scheduled for 10th May 2024. The call will provide insights into the company's performance, inviting participants to join via webcast or conference call. Pre-registration is required for the conference call.

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AngloGold Ashanti has filed its 2023 Annual Report on Form 20-F and amended Half-Year 2023 Form 6-K with the SEC. Shareholders can access the documents online on the Company's website and the SEC's website. Requests for hard copies can be made to the Company Secretarial Department.
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AngloGold Ashanti plc announces its Notice of 2024 Annual General Meeting, inviting shareholders to join virtually and setting the record date for eligibility. The AGM is scheduled for May 28, 2024, with details available on the company's website.
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AngloGold Ashanti plc releases its UK Annual Report 2023, Sustainability Report 2023, and Mineral Resource and Mineral Reserve Report 2023, showcasing its operational, sustainability, and financial performance for the year ended 31 December 2023.
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AngloGold Ashanti plc announces its Annual General Meeting Date and Restatement of Previously Issued Financial Statements. The company provides its preliminary unaudited condensed consolidated financial statements for the six months and year ended 31 December 2023. The FY 2023 Earnings Release, combined with the FY 2023 Preliminary Financial Update, offers a comprehensive financial and operating update. The Annual General Meeting will be held on 28 May 2024 in Denver, Colorado, USA. AngloGold Ashanti found errors in the calculation of a deferred tax asset related to the Obuasi mine and will restate affected financial statements in accordance with IFRS. The restatement has no impact on production, costs, or cash flow.
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AngloGold Ashanti plc announces changes to its Board of Directors, with Ms. Maria Ramos and Ms. Maria Richter not standing for re-election at the upcoming AGM. Mr. Jochen Tilk is appointed as the new Chairman of the Board, succeeding Ms. Ramos. The Board also appoints Mr. Albert Garner to replace Ms. Richter as Chairman of the Compensation and Human Resources Committee. The changes are effective from 28 May 2024.
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AngloGold Ashanti plc (AU) will release its year-end results on 23 February 2024. Investors can join the market call via webcast or conference call. Pre-registration is required for the conference call.
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AngloGold Ashanti plc (AGA) announces its intention to subscribe for 24,500,000 common shares in G2 Goldfields Inc. at C$0.90 per share for a total consideration of C$22,050,000. Following completion of the Subscription, AGA will own approximately 11.7% of G2’s issued and outstanding Shares. G2 is actively exploring in Guyana, a country with significant gold potential. G2's principal OKO project contains an Indicated Mineral Resource estimate for the OKO Main Zone and Ghanie deposits. AGA believes that G2’s exploration properties have significant growth potential.
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FAQ

What does AngloGold Ashanti plc do?

AngloGold Ashanti plc is a global gold mining company that also produces silver and sulphuric acid as by-products. It operates 21 projects on four continents.

When was AngloGold Ashanti plc formed?

AngloGold Ashanti plc was formed in 2004 by the merger of AngloGold and Ashanti Goldfields Corporation.

Where does AngloGold Ashanti plc generate most of its revenue?

The company generates the majority of its revenue from its African operations, which include key mines like Kibali, Iduapriem, Obuasi, Siguiri, and Geita.

What are some of the by-products produced by AngloGold Ashanti plc?

In addition to gold, AngloGold Ashanti plc produces silver and sulphuric acid as by-products.

How does AngloGold Ashanti plc contribute to sustainability?

AngloGold Ashanti plc invests in technology and projects that minimize environmental impact and promote community development, adhering to stringent environmental standards.

What are the primary operating divisions of AngloGold Ashanti plc?

The company's primary operating divisions are Africa, Australia, and the Americas.

Can you name some of AngloGold Ashanti plc's mines in Africa?

Some of the key mines in Africa are Kibali, Iduapriem, Obuasi, Siguiri, and Geita.

How does AngloGold Ashanti plc ensure financial stability?

The company maintains a strong balance sheet and consistent cash flow, supported by strategic partnerships and joint ventures.

What is the stock symbol for AngloGold Ashanti plc?

The stock symbol for AngloGold Ashanti plc is AU.

Why is AngloGold Ashanti plc significant in the mining industry?

AngloGold Ashanti plc is significant due to its extensive operational footprint, commitment to sustainability, and robust financial performance.

AngloGold Ashanti plc

NYSE:AU

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AU Stock Data

9.67B
344.73M
0.08%
64.23%
1.55%
Gold
Basic Materials
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