CAPITAL MARKETS

AngloGold ups cash but questions persist

HIGHER gold prices and increased mine efficiency have helped AngloGold Ashanti generate US$159 million in free cash over the second half of the year – an increase of 35% year on year – but conservative guidance for 2020 suggests the Johannesburg-listed player remains a work in progress.

Tom Hoskyns
AngloGold ups cash but questions persist

Analysts at Canadian bank RBC Capital noted free cashflow would have been considerably higher were it not for issues with "cash lock ups" in DRC and Tanzania. "FCF would have been US$246 million without...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.