AngloGold Ashanti plc(AU)

Search documents
AngloGold Ashanti plc(AU) - 2023 Q4 - Earnings Call Transcript
2024-02-23 20:29
AngloGold Ashanti plc (NYSE:AU) Q4 2023 Earnings Conference Call February 23, 2024 8:30 AM ET Company Participants Alberto Calderon - Chief Executive Officer, Executive Director Gillian Doran - Chief Financial Officer, Executive Director Stewart Bailey - Chief Sustainability & Corporate Affairs Officer Conference Call Participants Raj Ray - BMO Capital Markets Josh Wilson - RBC Leroy Mnguni - HSBC Adrian Hammond - SPG Securities Operator Good day, ladies and gentlemen, and welcome to the AngloGold Ashanti F ...
Are Investors Undervaluing AngloGold Ashanti PLC (AU) Right Now?
Zacks Investment Research· 2024-02-22 15:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true v ...
AU or RGLD: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-02-19 17:41
Investors looking for stocks in the Mining - Gold sector might want to consider either AngloGold Ashanti (AU) or Royal Gold (RGLD) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight compani ...
AngloGold Ashanti Announces H2 2023 and FY2023 Results Conference Call
Businesswire· 2024-02-13 14:11
DENVER--(BUSINESS WIRE)--AngloGold Ashanti plc (“AGA”) will release its results for the year ended 31 December 2023 on Friday, 23 February 2024. We invite you to participate in our market call via webcast or conference call. Market Call 23 February 2024 08:30 ET / 13:30 UK / 15:30 CAT Conference call pre-registration: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=5305081&linkSecurityString=f727d980a Webcast link: https://www.corpcam.com/AngloGold/AGA23022024.htm ...
AngloGold Ashanti's (AU) CEO Alberto Calderon on Full Year 2021 Results - Earnings Call Transcript
2022-02-22 20:40
Summary of AngloGold Ashanti Limited Full Year 2021 Earnings Conference Call Company Overview - **Company**: AngloGold Ashanti Limited (NYSE: AU) - **Date of Call**: February 22, 2022 - **Participants**: Key executives including CEO Alberto Calderon, CFO Christine Ramon, and CTO Marcelo Godoy Key Industry Insights - **Safety Performance**: The all injury frequency rate was 2.13 injuries per million hours worked, below the ICMM member average, with a focus on eliminating major hazards [4][5] - **COVID-19 Response**: Approximately 80% of the workforce was fully vaccinated by year-end, aiding in business continuity [5] - **Climate Change Initiatives**: The company published its inaugural Climate Change Report and committed to net zero Scope 1 and 2 emissions by 2050 [6][7] Financial Performance - **Production and Costs**: - Total cash costs increased by 22% to $963 per ounce due to lower grades and stockpile drawdowns [37] - All-in sustaining costs were $1,355 per ounce, a 31% increase year-on-year [39] - Cash flow generated was $104 million despite challenges [10] - **Capital Expenditure**: Sustaining capital increased by 57% to $281 million, primarily due to tailings investment [39] - **Debt Management**: Adjusted net debt decreased by 76% from its 2014 peak, with a strong balance sheet and liquidity of $1.15 billion [40][41] Operational Highlights - **Production Guidance**: Expected production for 2022 is between 2.55 million to 2.8 million ounces, with a significant contribution from Obuasi [45] - **Geita Mine**: Ore reserves grew by 112% over four years, with expectations of steady-state operations producing over 500,000 ounces annually [13][14] - **Latin America Operations**: Faced challenges due to COVID-19 but showed a stronger second half with an 18% production increase [14] Strategic Initiatives - **Full Asset Potential Review**: A comprehensive review process initiated to assess and improve the performance of each asset, expected to take about three months [35][36] - **Exploration Investments**: Significant investments in exploration and Ore Reserve development, with a cumulative addition of 8.7 million ounces over two years [24] - **Nevada Projects**: Acquisition of Corvus to establish a low-cost, long-life production base in Nevada, with initial production expected in three years [25][26] Challenges and Risks - **Inflationary Pressures**: Estimated inflation of 7% to 8% for the group, with ongoing monitoring of supply chain impacts [46] - **COVID-19 Uncertainties**: Potential impacts on production and costs remain unpredictable, particularly in high-risk regions [49] Conclusion - **Future Outlook**: The company is focused on improving operational performance, maintaining a strong balance sheet, and executing its reinvestment strategy to unlock value from its assets [50][51]
AngloGold Ashanti plc(AU) - 2021 Q3 - Earnings Call Transcript
2021-11-08 20:54
AngloGold Ashanti Limited (NYSE:AU) Q3 2021 Results Earnings Conference Call November 1, 82021 8:00 AM ET Company Participants Stewart Bailey - EVP, Corporate Affairs & Sustainability Alberto Calderon - Chief Executive Officer Christine Ramon - Chief Financial Officer Graham Ehm - EVP, Group Planning & Technical Conference Call Participants Jared Hoover - RMB Morgan Stanley Dominic O'Kane - JPMorgan Stewart Bailey Good afternoon, everyone. Welcome to AngloGold Ashanti's Q3 2021 Results. Thank you very much ...
AngloGold Ashanti plc(AU) - 2020 Q4 - Earnings Call Transcript
2021-02-22 19:59
AngloGold Ashanti Limited (NYSE:AU) Q4 2020 Results Conference Call February 22, 2021 8:00 AM ET Company Participants Stewart Bailey - Executive Vice President-Corporate Affairs & Sustainability Christine Ramon - Interim Chief Executive Officer Ian Kramer - Interim Chief Financial Officer Sicelo Ntuli - Chief Operating Officer-Africa Ludwig Eybers - Chief Operating Officer-International Graham Ehm - Executive Vice President-Group Planning and Technical Tim Thompson - Global Senior Vice President, Growth an ...