Welcome to our dedicated page for Anglogold Ashant news (Ticker: AU), a resource for investors and traders seeking the latest updates and insights on Anglogold Ashant stock.
AngloGold Ashanti plc reports news as an international gold mining company with ordinary shares traded as AU on the NYSE and ANG on the JSE. Company updates center on gold production, mine operating statistics, financial results, safety and sustainability performance, and capital returns tied to its portfolio of mines in Africa, Australia and the Americas.
Recurring developments include technical reports and growth-project updates for the Arthur Gold Project in Nevada, operating progress at assets such as Obuasi, and financing actions involving AngloGold Ashanti Holdings plc notes guaranteed by the parent company. Governance news also covers annual general meeting materials and shareholder voting results.
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.
AngloGold Ashanti plc has announced the resignation of Scott Lawson as an independent non-executive director, effective 15 October 2024. The company acknowledged Mr. Lawson's significant industry experience and important contributions during his tenure. The Board expressed its sincere thanks and best wishes for his future endeavors.
The press release clarified that no additional remuneration or payment for loss of office would be made to Mr. Lawson beyond fees accrued up to his departure date. This management change highlights a shift in the company's board composition, potentially impacting its governance structure.
AngloGold Ashanti plc (NYSE: AU; JSE: ANG) has announced a securities transaction involving Executive Officer Marcelo Cheuiche Godoy. On September 13, 2024, Godoy received 35,717 ordinary shares as part of the 2023 Deferred Share Plan (DSP). This off-market transaction was at no cost to Godoy. Subsequently, to cover tax liabilities related to the DSP awards, Godoy sold 13,717 shares on the market at a weighted average price of US$28.49271 per share, resulting in a transaction value of US$390,834.42. The sale was executed through multiple transactions with prices ranging from US$28.4923 to US$28.4963 per share.
AngloGold Ashanti plc (AU) has granted conditional share awards to its executive directors and officers under two plans: the Deferred Share Plan (DSP) and the 2024 Omnibus Incentive Compensation Plan. This move is part of a transition from the backward-looking DSP to a forward-looking long-term incentive plan. The awards were granted on 27 August 2024, marking a significant change in the company's executive compensation structure. This transition aims to align executive incentives with future company performance and shareholder interests.
AngloGold Ashanti reported a robust first-half performance for 2024, marked by a 2% increase in gold production to 1.25Moz and a 1% decrease in total cash costs per ounce to $1,158. The company's adjusted EBITDA surged 65% year-on-year to $1.118bn. Free cash flow turned positive, reaching $206m compared to a $205m outflow last year. The interim dividend was hiked by 450% year-on-year to 22 cents per share. Despite a 2% rise in all-in sustaining costs per ounce to $1,589, the strong operational performance and higher gold prices bolstered financial results. A turnaround in the Americas contributed significantly, with gold production up 10% and total cash costs down 18% year-on-year in that region. The company maintained its FY2024 guidance, anticipating further improvements in the second half.