anglogold ashanti Archives - News@Media

AngloGold Ashanti Says Third-Quarter Free Cash Flow Soars to $161m

admin — Mon, 14 Nov 2016 06:04:14 +0000

AngloGold Ashanti announced a significant jump in third-quarter free cash flow to $161m, further improving its net debt position despite a decline in ore grades at some of its operations and a challenging operating environment for its South African business. Free cash flow was $161m, before the $30m once-off cost incurred for the early repayment […]

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AngloGold Ashanti Trebles Free Cash Flow to $108m, Cuts Net Debt 32%

admin — Mon, 15 Aug 2016 06:13:33 +0000

AngloGold Ashanti said it more than trebled free cash flow generation in the first half of the year to $108m and lowered net debt by almost a third, as costs fell and it took advantage of a higher gold price. AngloGold Ashanti has delivered on a range of self-help measures over the past two years […]

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Anglogold Ashanti Trading Statement For he Six Months Ended 30 June 2016

admin — Fri, 22 Jul 2016 10:30:39 +0000

AngloGold Ashanti will release results for the six months ended 30 June 2016 (“the period”) on the Johannesburg Stock Exchange News Service on 15 August 2016. With reference to the Listings Requirements of the JSE Limited, issuers are required to publish a trading statement as soon as they become reasonably certain that the financial […]

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AngloGold Ashanti Generates Strong Cash Flow in Q1; Operations Solid

admin — Mon, 09 May 2016 06:15:07 +0000

AngloGold Ashanti today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti has delivered on […]

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AngloGold Ashanti Has $160m Q4 Free Cash Flow, Cuts Net Debt 30%

admin — Mon, 22 Feb 2016 03:26:26 +0000

AngloGold Ashanti today said it cut net debt by almost a third last year after margins increased despite lower gold prices, and the company generated free cash flow of $160m in the fourth quarter. AngloGold Ashanti delivered on a range of self-help measures last year to reduce debt using internally generated funds, without diluting shareholders. […]

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Fatality at TauTona Mine

admin — Thu, 14 Jan 2016 06:09:34 +0000

AngloGold Ashanti regrets to announce the death of an employee at its TauTona Mine in the Carletonville area. The deceased, a Rock Drill Operator, was fatally injured in a fall of ground incident on Monday, 11 January 2016. The Department of Mineral Resources has been notified of the incident and an in-loco inspection has been […]

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Tropicana Gold Mine Celebrates 1 million Ounces Milestone

admin — Wed, 11 Nov 2015 12:55:49 +0000

(News Release – Johannesburg) — The Tropicana Gold Mine today celebrated production of its 1 millionth ounce on schedule, just over two years since pouring first gold. “We poured first gold at Tropicana in September 2013 and the fact that the mine has produced its millionth ounce on schedule is testament to the hard work […]

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AngloGold Ashanti Reaches Three-Year Wage Deal With Majority of SA Employees

admin — Mon, 05 Oct 2015 06:11:32 +0000

Johannesburg – AngloGold Ashanti has reached a three-year wage deal with the majority of its employees in South Africa, providing certainty to operations that accounted for little over a quarter of its total production past year. The National Union of Mineworkers (NUM), Solidarity and the United Association of South Africa (UASA) today accepted AngloGold Ashanti’s […]

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Groundbreaking partnership to revive Obuasi gold mine

admin — Thu, 17 Sep 2015 06:10:15 +0000

(Accra, Ghana, 16 September 2015) – Randgold Resources Limited (“Randgold”) and AngloGold Ashanti have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild […]

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AngloGold Ashanti Holdings plc Offers to Repurchase Bonds to Cut Debt, Interest

admin — Mon, 24 Aug 2015 10:32:35 +0000

AngloGold Ashanti today announced that its wholly owned subsidiary, AngloGold Ashanti Holdings plc (“AGAH”), is offering to buy back up to $810,000,000 in aggregate principal amount of its outstanding 8.5% high-yield bonds that mature in 2020, as part of its strategy to reduce debt and lower interest payments. AGAH will use cash on hand, following […]

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