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anglogold ashanti ltd-cdi (AGG) Snapshot

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03/14/14 - A$4.31
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Market Cap
7.6B
Average Volume 10 Days
253.7
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Shares Outstanding
2.0B
EX-Date
05/27/13
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Current Stock Chart for ANGLOGOLD ASHANTI LTD-CDI (AGG)

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anglogold ashanti ltd-cdi (AGG) Details

AngloGold Ashanti Limited operates as a gold mining and exploration company. It also produces silver, uranium oxide, and sulphuric acid as by-products. The company has 20 operations comprising open-pit and underground mines, and surface metallurgical plants in the Americas, South Africa, Continental Africa, and Australasia. As of December 31, 2013, it had proven and probable ore reserves of approximately 67.9 million ounces. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.

Founded in 1944

anglogold ashanti ltd-cdi (AGG) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: $961.0K
Chief Operating Officer of International Oper...
Total Annual Compensation: $1.5M
Executive Vice President of Planning and Tech...
Total Annual Compensation: $1.2M
Chief Operating Officer of South Africa Opera...
Total Annual Compensation: $979.0K
Compensation as of Fiscal Year 2013.

anglogold ashanti ltd-cdi (AGG) Key Developments

Anglogold Ashanti To Delist From LSE

Anglogold Ashanti Limited announced that it will delist its ordinary shares and depositary interests from the London Stock Exchange PLC (LSE)because of the lack of liquidity on the exchange. The company said that delisting will streamline its administrative procedures and reduce costs arising from multiple stock exchange listing. It expects the delisting to have minimal impact on shareholders. The majority of trading in AngloGold stock takes place through the Johannesburg Stock Exchange and New York Stock Exchange. AngloGold also has further listings on the Ghana Stock Exchange and Australian Securities Exchange. The last day of dealings in the company's securities on the London Stock Exchange is expected to be September 19, 2014.

Anglogold Ashanti Announces Earnings and Production Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third Quarter of 2014; Reaffirms Production Guidance for 2014; Provides Capital Expenditure Guidance for the Second Half Year of 2014

AngloGold Ashanti announced earnings and production earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,358 million against $2,819 million a year ago. Operating profit was $404 million against operating loss of $2,755 million a year ago. Loss before tax was $14 million against $2,735 million a year ago. Loss allocated to equity shareholders was $80 million against $1,926 million a year ago. Diluted loss per ordinary share was 20 cents against 548 cents a year ago. Net cash inflow from operating activities was $336 million against $496 million a year ago. Capital expenditure was $257 million against $802 million a year ago. Expenditure on intangible assets was $3 million against $33 million a year ago. Diluted headline loss per ordinary share was 22 cents. Adjusted headline loss was $4 million or 1 cent per share against $23 million or 6 cents per share a year ago. Head line loss was $89 million or 22 cents per share against headline earnings of $372 million or 96 cents per share a year ago. Adjusted EBITDA was $382 million against $288 million a year ago. The company net debt was $2.994 billion. For the six months, the company reported adjusted EBITDA was $858 million against $796 million a year ago. Cash inflow from operating activities was $477 million against $802 million a year ago. Capital expenditure was $585 million against $1,069 million a year ago. Revenue was $2,717 million against $2,819 million a year ago. Operating profit was $404 million against operating income of $2,755 million a year ago. Profit before tax was $93 million against loss before tax of $2,735 million a year ago. Loss allocated equity share holders was $41 million against $1,926 million a year ago. Diluted loss per ordinary share was 10 cents against 548 cents a year ago. Expenditure on intangible assets was $3 million against $33 million a year ago.                                        Production guidance is estimated to be broadly in line with the guidance of the previous quarter of between 1,060 kozs to 1,090 kozs at total cash costs of $850/oz to $890/oz, assuming average exchange rates against the US dollors of ZAR 10.65, BRL 2.28, AUD 0.93 and ARS 8.55. Fuel is estimated at $110/bl. The production estimate factors' in the lost ounces due to the sale of Navachab, winding down of production at Obuasi, Siguiri production levels normalizing and Tropicana recovering after resolving challenges with plant availability in July. In addition, production losses following an earthquake near the Vaal River Operation on August 5 are preliminarily estimated at as much as 30,000 oz, based on early assessments of damage to underground and surface mining and power infrastructure, as well as the estimated time to safely ramp up production to normal levels. Safety will not be compromised for production. AngloGold Ashanti retains the right to revise this guidance figure, should new information on the impacts of the seismic event come to light. Annual guidance remains intact, in line with the appropriate currency forecasts. The company announced that capital expenditure is expected to increase in the second half of the year 2014 mainly due to timing of expenditures forecast in the Americas region. The company reported a 17% increase in production for the second quarter compared with the same period a year earlier, as its two new mines continued to contribute lower-cost ounces, and a strong safety performance helped its South Africa operations improve their contribution. Gold production for the quarter was 1.098 Moz at a total cash cost of $836/oz, compared with 935,000 oz at a total cash cost of $898/oz in the corresponding three-month period of 2013. The South Africa region posted production at 319,000 oz, 4% higher year-on-year, at an all-in sustaining cost of $1,064/oz, which was 12% lower than a year earlier. The all-in-sustaining cost measurement includes total cash costs, plus corporate and exploration costs and capital expenditure required to sustain operations. AngloGold Ashanti's international operations posted a 24% rise in gold production to 779,000 oz at an all-in sustaining cost of $1,033/oz, which was 19% lower year-on-year. Importantly, the guidance for the year 2014 remains unchanged based on its current understanding of the impact of the SA earthquake at 4.2 million to 4.5 million ounces and $740 to $790 an ounce based on the assumptions provided. It is just worth noting that these costs are based on a weaker rand assumption than is currently prevailing.

AngloGold Ashanti Ltd., Q2 2014 Earnings Call, Aug 11, 2014

AngloGold Ashanti Ltd., Q2 2014 Earnings Call, Aug 11, 2014

 

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