Anglogold Ashant Stock Price, News & Analysis

AngloGold Ashanti reported significant financial improvements in 2024, with free cash flow increasing nine-fold to $942m from $109m in 2023. The company's Adjusted EBITDA rose 93% to $2.747bn, while headline earnings reached $954m (221 US cents per share) compared to a loss in 2023.

The company announced a new dividend policy targeting a 50% payout of free cash flow and introducing a base dividend of $0.50 per share annually. An interim dividend of 69 US cents per share was declared for H2 2024, bringing the total 2024 payout to 91 US cents per share.

Group gold production reached 2.661Moz in 2024, including 40,000oz from the newly acquired Sukari mine. Total cash costs rose 4% to $1,157/oz, while all-in sustaining costs increased 4% to $1,611/oz. The company maintained strong cost control, with costs rising less than half the inflation rate for managed operations.

AngloGold Ashanti plc has announced significant changes to its Board Committees effective January 1. The company has restructured four key committees: Audit and Risk, Compensation and Human Resources, Nominations and Governance, and Social, Ethics and Sustainability. Additionally, Rhidwaan Gasant, current Lead Independent Director, will retire at the 2025 Annual General Meeting. Alan Ferguson has been appointed as the new Lead Independent Director, and will step down as Audit and Risk Committee Chair after the 2025 AGM, to be succeeded by Diana Sands.

AngloGold Ashanti plc (NYSE: AU) has reported a securities transaction involving Executive Officer Stewart Bailey. Bailey received 34,311 ordinary shares under the 2023 Deferred Share Plans (DSP) at nil cost, which were subsequently sold on the market. The sale transaction occurred on December 12, 2024, with shares sold at R470.15 per security, resulting in a total transaction value of R16,131,316.65 (excluding fees). The sale was partially conducted to fund tax liability related to the DSP awards. The transaction represents a direct, beneficial interest.

AngloGold Ashanti plc (NYSE: AU) has reported a securities transaction by Executive Director Gillian Doran. The transaction involved two parts: First, Doran received 10,883 ordinary shares at nil cost through the 2023 Deferred Share Plan (DSP). Subsequently, 4,081 of these shares were sold at US$25.7823 per share, generating US$105,217.57, specifically to cover tax obligations related to the DSP awards. The transactions occurred on December 3, 2024, and both were classified as direct, beneficial interests.

AngloGold Ashanti plc (NYSE: AU) has reported a securities transaction by Executive Officer Lisa Ali. The transaction involved an off-market receipt of 9,733 vested shares under the 2023 Deferred Share Plans (DSP) on November 26, 2024. Subsequently, Ali sold 3,650 shares at US$25.2026 per share, generating US$91,989.49, to cover tax obligations related to the DSP awards. Both transactions were direct, beneficial interests.

AngloGold Ashanti plc (NYSE: AU) reports securities transactions by two Executive Officers. Terry Briggs received 19,825 vested shares under the 2023 Deferred Share Plans (DSP), selling 7,434 shares at US$24.75 per share to cover tax obligations, totaling US$183,993.49. Lizelle Marwick received 28,071 DSP shares and sold 16,356 shares at an average price of R452.09, generating R7,394,390.37, partially for tax purposes.

AngloGold Ashanti (NYSE: AU) reports that Executive Officer Alberto Calderon has received 54,970 ordinary shares at nil cost under the 2023 Deferred Share Plans (DSP). Subsequently, Calderon sold 25,286 shares at an average price of US$24.22 per share, generating approximately US$612,442, to cover tax liabilities related to the DSP awards. The transactions occurred on November 12, 2024, with the share sale executed through multiple transactions at prices ranging from US$24.2204 to US$24.2207.

AngloGold Ashanti reported strong Q3 2024 performance with a 339% year-on-year increase in Adjusted EBITDA to $746m and free cash flow rising to $347m from $20m. Gold production from managed operations reached 586,000oz, up 2% year-on-year, marking the strongest production quarter of 2024. Total cash costs for managed operations rose only 3% to $1,186/oz despite inflationary pressures.

The company saw improved production at several operations, including Obuasi (+15%), Siguiri (+9%), and Tropicana (+14%). The average gold price received increased 28% to $2,449/oz. The company reaffirmed its full-year guidance for production, costs, and capital expenditure. Additionally, Centamin shareholders approved AngloGold's acquisition of the company, which includes the Tier One Sukari mine in Egypt.

Gold Fields and AngloGold Ashanti provided an update on their proposed joint venture between Gold Fields' Tarkwa Mine and AngloGold Ashanti's Iduapriem Mine in Ghana. Despite constructive engagement since March 2023, the required approvals from the Government of Ghana, including parliamentary approval, have not yet been obtained. The companies aimed to secure approvals before the October 2024 Parliamentary recess ahead of Ghana's December 2024 elections. Both parties maintain that combining the neighboring mines would be beneficial, potentially extending mine life, increasing production, and lowering costs. In the absence of approvals and clear timelines, both companies will continue separate operations while remaining open to future collaboration.