AngloGold Ashanti plc(AU)

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3 No-Brainer Gold Stocks to Buy Right Now
The Motley Fool· 2025-05-02 09:37
While rare earth minerals and other critical minerals have recently become flashpoints in the escalating trade war between the United States and China, gold has also remained at the top of investors' minds.But for those interested in becoming gold bugs themselves, where is there to turn? Instead of bulking up on bullion, investors would be wise to consider clicking the buy button on Newmont Mining (NEM -2.24%), AngloGold Ashanti (AU -5.68%), and the VanEck Gold Miners ETF (GDX -3.89%).A rock solid balance s ...
AU Stock Soars 87% YTD: Too Hot to Handle or a Golden Opportunity?
ZACKS· 2025-04-23 16:20
Core Viewpoint - AngloGold Ashanti PLC (AU) has seen a significant stock appreciation of 86.9% year to date, outperforming the Zacks Mining - Gold industry's 53.8% rise, while the Basic Materials sector has only risen by 0.9% and the S&P 500 has declined by 12.6% in the same period [1][3]. Performance Summary - The AU stock closed at $43.14, which is 8% below its 52-week high of $46.90 reached on April 16, 2025 [3]. - The stock has outperformed major gold mining peers such as Newmont Corporation (NEM), Kinross Gold (KGC), and Barrick Gold Corporation (GOLD), which have seen stock increases of 46.9%, 58.8%, and 29% respectively this year [3][4]. Technical Indicators - AU has been trading above the 200-day simple moving average (SMA) since January 14, 2025, and is also above the 50-day SMA, indicating a bullish trend [5][7]. Drivers of Stock Surge - Rising gold prices have contributed significantly, with gold gaining 26% year to date, influenced by tariff tensions and geopolitical uncertainties. Gold briefly reached a record high of $3,500 before settling at $3,370 per ounce [10]. - The completion of the Centamin acquisition in November 2024 has added a significant asset to AngloGold Ashanti's portfolio, with the potential to produce 500,000 ounces annually [12]. - The company reported mineral reserves of 31.2 million ounces at the end of 2024, with a low adjusted net debt to adjusted EBITDA ratio of 0.21, the lowest since 2011 [13]. Financial Performance - In 2024, AngloGold Ashanti's total gold production was 2.661 million ounces, with a gold income increase of 27% to $5.67 billion, driven by a 24% rise in average gold prices [15]. - Total cash costs per ounce rose by 4% year-over-year to $1,157, while all-in-sustaining costs (AISC) also increased by 4% to $1,611 per ounce [16][17]. - Free cash flow surged to $942 million in 2024 from $109 million in 2023, with earnings per share reaching $2.21 compared to a loss of 11 cents in 2023 [18]. Future Projections - Gold production for 2025 is projected to be between 2.9 million and 3.225 million ounces, indicating a year-over-year growth of 9-21% [19]. - The Zacks Consensus Estimate for AU's 2025 sales is $7.27 billion, suggesting a 25.5% year-over-year growth, with earnings expected to grow by 12.7% [20]. Valuation Insights - AngloGold Ashanti is currently trading at a forward 12-month earnings multiple of 17.34X, which is above the industry average of 16.88X and higher than its five-year median [24]. - The average price target for AU suggests a potential decline of 12.4% from its last closing price, with the highest target indicating a dip of 2.6% [30]. Strategic Developments - The proposed joint venture with Gold Fields to combine their Tarkwa and Iduapriem gold mines is currently on hold due to pending approvals from the Ghana government, which could impact future production and cost efficiencies [32][34].
Market Indexes Tank Again, but Gold Continues to Shine
ZACKS· 2025-04-21 23:15
Market Performance - Major market indexes experienced significant declines, with the Dow down 971 points (-2.48%), S&P 500 down 124 points (-2.36%), Nasdaq down 415 points (-2.55%), and Russell 2000 down 42 points (-2.27%) [1] - The market opened in the red but showed some recovery before President Trump's comments negatively impacted investor confidence [2][3] Federal Reserve and Economic Policy - President Trump criticized Fed Chair Jerome Powell, demanding immediate interest rate cuts, which contributed to market volatility [3][4] - The potential for replacing Powell before his term ends in May 2026 raises concerns among investors, especially with inflation remaining above the Fed's target of 2% [4] Gold Market - Gold prices reached a new all-time high, closing up 3.3% at $3426 per ounce, marking a significant increase from just over a year ago when it first hit $2000 per ounce [5] - Factors contributing to the rise in gold prices include Chinese investors avoiding U.S. equities and treasuries amid ongoing trade tensions, as well as a declining U.S. dollar [6] Earnings Reports - Major companies reporting Q1 earnings include 3M, Lockheed Martin, GE Aerospace, Capital One, and Tesla, with Tesla expected to report a year-over-year earnings per share decline of 2.22% but a revenue increase of 0.95% [9] - Tesla has missed earnings estimates in five of its last six quarters and its share price has dropped 43% since the beginning of the year [10]
AngloGold Ashanti plc(AU) - 2024 Q4 - Annual Report
2025-04-15 10:23
4 Floor, Communications House, South Street Staines-upon-Thames, Surrey TW18 4PR United Kingdom th 6363 S. Fiddlers Green Circle, Suite 1000 Greenwood Village, CO 80111 United States of America (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE ...
AngloGold Ashanti plc(AU) - 2024 Q4 - Annual Report
2025-04-15 10:13
Corporate Restructuring and Headquarters - In September 2023, the Group completed a corporate restructuring, establishing AngloGold Ashanti plc as the new parent company, with a primary listing on the NYSE and secondary listings on the JSE and GSE[6]. - The Group's global headquarters were relocated to Denver, Colorado, while retaining a substantial corporate office in Johannesburg, South Africa[8]. - The restructuring and operational changes aim to enhance the Group's efficiency and market position in the gold mining industry[7]. Financial Reporting and Metrics - AngloGold Ashanti's financial reporting for managed operations shifted from an attributable basis to a consolidated basis, impacting operations with non-controlling interests[16]. - The company prepares annual audited consolidated financial statements in accordance with IFRS, distributed to shareholders and submitted to the NYSE, JSE, and GSE[9]. - AngloGold Ashanti presents its financial statements in United States dollars, qualifying as a foreign private issuer under the U.S. Securities Exchange Act[10][12]. - The company utilizes Non-GAAP financial measures such as "total cash costs" and "all-in sustaining costs" to provide transparency into the full cost of gold production[15][21]. - A reconciliation of gold income to "average gold price received per ounce" is provided for the financial years ended 31 December 2024[25]. - The Group's reporting metrics include "sustaining capital expenditure" and "non-sustaining capital expenditure" for each financial year, aiding in performance comparison[26]. - Adjusted EBITDA is a Non-GAAP measure that includes profit before taxation, amortization, finance income, and other gains or losses[37]. - Adjusted net debt includes total borrowings adjusted for unamortized borrowing costs and cash equivalents, reflecting the company's financial position[38]. - All-in sustaining costs (AISC) metric incorporates all costs related to sustaining production, including capital expenditures and community rehabilitation costs[39]. - Total cash costs per ounce for managed operations are calculated by dividing the consolidated US dollar value of costs by the consolidated ounces of gold produced[49]. - The average gold price received per ounce serves as a benchmark of performance against the market spot gold price[41]. Operational Performance and Safety - The company emphasizes the importance of maintaining effective internal control over financial reporting to mitigate operational risks[1]. - AngloGold Ashanti's operations are divided into regions including Africa, Australia, and the Americas, impacting its market strategy[46]. - The company is subject to various risks including fluctuations in gold prices, regulatory changes, and potential supply chain disruptions[1]. - The total recordable injury frequency rate (TRIFR) measures safety performance, calculated per million hours worked[97]. - The total recordable injury frequency rate (TRIFR) improved to 1.2, a 15% reduction compared to the previous year[104]. Mineral Resources and Mining Efficiency - An Inferred Mineral Resource has a high level of geological uncertainty, preventing its consideration for economic viability assessments[72]. - A Measured Mineral Resource allows for detailed mine planning and can be converted to a Proven or Probable Mineral Reserve due to its higher confidence level[76]. - The Mining Recovery Factor (MRF) reflects the efficiency of material recovery during mining, expressed in both grade and tonnage[81]. - The Mine Call Factor (MCF) is the percentage ratio of recovered mineral product to the estimated amount based on sampling[79]. - The stripping ratio indicates the amount of waste material removed relative to ore mined, impacting overall mining efficiency[92]. - The metallurgical recovery factor (MetRF) measures the efficiency of extracting valuable metals from ore[78]. - The tonnage treated refers to the volume of gold-bearing ore processed at on-site plants, crucial for efficiency calculations[97]. - A Probable Mineral Reserve is the economically mineable part of an Indicated and, in some cases, a Measured Mineral Resource[81]. - The pay limit is the grade at which the revenue from recovered minerals equals total cash costs and other expenses[81]. Financial Performance and Growth - The company reported a revenue of $1.2 billion for Q3 2023, representing a 15% increase year-over-year[103]. - User data showed a growth of 25% in active users, reaching 5 million by the end of the quarter[104]. - The company provided guidance for Q4 2023, expecting revenue to be between $1.3 billion and $1.5 billion, indicating a potential growth of 10-25%[105]. - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[106]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[107]. - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[108]. - The company completed a strategic acquisition for $200 million, expected to enhance its product offerings and market presence[109]. - A new sustainability initiative was launched, aiming to reduce carbon emissions by 40% by 2025[110]. - The company plans to increase its dividend payout by 5%, reflecting strong financial performance and commitment to shareholders[105].
Why These Gold Stocks Skyrocketed Today, and Why You'd Want to Buy Some
The Motley Fool· 2025-04-09 18:57
Gold stocks could be one of the few ways to hedge your portfolio amid the ongoing tariff turmoil.Gold stocks were among the top gainers in the markets today, with shares of some gold miners even rallying by double-digit percentages throughout the day. Here are some top-performing gold stocks and their intraday highs as of 2 p.m. ET Wednesday.Harmony Gold Mining (HMY 14.65%): Up 15.3%Iamgold Corp (IAG 12.22%): Up 13.8%AngloGold Ashanti (AU 9.56%): Up 11.6%While these three stocks have a market capitalization ...
AngloGold Ashanti: Growth Catalyst Offers An Attractive Entry Point At This Price
Seeking Alpha· 2025-04-01 16:37
Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...
G2 Drills 43m @ 1.9 g/t Au & 51m @ 1.2 g/t Au in New Discovery Zone
Newsfilter· 2025-04-01 10:00
TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. ("G2" or the "Company") (TSX:GTWO, OTCQX:GUYGF) announces additional diamond drilling results further expanding on the Company's new discovery at the OKO Project, Guyana. Drilling has encountered wide intersections of near- surface, oxidized gold mineralization. Significantly, this new discovery lies only several miles away from the Company's flagship gold resources at the Oko Main Zone and Ghanie (comprised of 1.5 million ounces of gold Indicat ...
AngloGold Ashanti: Earnings Multiple Just Too Cheap With Gold Above $3100
Seeking Alpha· 2025-04-01 09:35
Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having ...
G2 Drills 24m @ 2 g/t Au in New Gold Discovery
Newsfilter· 2025-03-18 10:00
Core Insights - G2 Goldfields Inc. has made a significant gold discovery at the OKO Project in Guyana, with an updated mineral resource estimate of 1.5 million ounces of gold (Indicated) and 1.6 million ounces of gold (Inferred) [1][11] - The exploration program covers 83,967 acres of exploration rights in Guyana, indicating a strong commitment to district-scale exploration [1] Exploration and Discovery - Stream sediment sampling in 2023 and 2024 revealed highly anomalous gold values, leading to follow-up soil sampling that outlined gold zones in a 1400m x 900m area [2] - An initial eight-hole diamond drilling program targeted mapped shear zones, with four out of five holes intercepting shallow gold mineralization over a 420m strike length [2][4] - All mineralized intercepts are located within 60m of the surface, and the mineralized zone remains open in all directions [4] Assay Results - Significant assay results from the drilling program include: - AMD-1: 11.9m at 2.2 g/t Au - AMD-2: 6.9m at 4.3 g/t Au - AMD-8: 24.0m at 2.0 g/t Au [3] Mineral Resource Estimate - The updated mineral resource estimate includes: - 808,000 oz. Au (Indicated) at 7.98 g/t Au - 1,024,500 oz. Au (Inferred) at 2.64 g/t Au - 663,400 oz. Au (Indicated) at 2.01 g/t Au [11][15] Financial and Corporate Developments - G2 Goldfields plans to spin out G3 Goldfields Inc. with an increased cash distribution of C$15 million to shareholders [6][16] - The company currently holds cash exceeding C$37 million, positioning it well for ongoing exploration efforts [12]