AngloGold Ashanti Limited (AU) - NYSE
  • Aug. 7, 2013, 3:51 AM
    • AngloGold Ashanti (AU): Q2 adjusted headline loss $135M vs a profit of $113M a year earlier.
    • Revenues fall to $1.30B from $1.68B.
    • Takes $3.2B charge for special items, including $2.98B for impairment of goodwill, tangible and intangible assets.
    • Pretax loss $3.08B vs profit of $495M.
    • Diluted loss per share $5.75.
    • Gold production 935,000 oz, in-line with guidance and up 4% from Q1; total cash cost $898/oz, below expectations.
    • Cuts 2013 capex budget to $1.95B from up to $2.1B.
    • To "more than halve" corporate costs in 2014 and targets saving of $482M for the year. To cut 40% of 2,000 corporate level jobs over the next 18 months, will reduce exploration and evaluation programs to three core regions and pull out of over a dozen countries.
    • Halts dividend payment, due to volatile environment. Will review policy at year-end. Will also revert to bi-annual dividend schedule. (PR)
    | Aug. 7, 2013, 3:51 AM
  • Feb. 20, 2013, 5:31 AM
    AngloGold Ashanti (AU): 2012 adjusted profit -29% to $924M, EPS falls to $2.39 from $3.36 vs consensus of $3.03. Earnings hurt by strikes at its South African mines and subsequent production cuts. Gold output 3.94M ounces, missing target of 4.3-4.4M ounces. Costs per ounce +14% to $1,009. To pay dividend of 0.50 rand ($0.06) a share for Q4, matching the payout in Q3. (PR)
    | Feb. 20, 2013, 5:31 AM
  • Nov. 8, 2012, 6:12 AM

    More on AngloGold (AU) Q3: profit plummets 63% to $168M as earnings hurt by the months-long strike in South Africa, which has caused company to lose 250K oz of gold production so far. Total Q3 output -4% to 1.03M oz. Costs +12% to $1,081/oz. Cuts 2012 capital spending by $200M to $2B-$2.1B to make up for lost output.

    | Nov. 8, 2012, 6:12 AM
  • Nov. 8, 2012, 6:02 AM
    AngloGold Ashanti (AU): Q3 EPS of $0.61 misses by $0.09. Declares dividend of 0.50 rand ($0.06) a share, down from 1 rand in the previous quarter and below 0.70 rand expected. (PR)
    | Nov. 8, 2012, 6:02 AM
Company Description
AngloGold Ashanti Ltd. is a gold mining and exploration company. Its main business includes gold exploration, mining and production of gold, manufacturing, marketing and selling of gold products. AngloGold Ashanti was founded in 1944 and is headquartered in Johannesburg, South Africa.
Industry: Gold
Country: South Africa