Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  AngloGold Ashanti Limited    ANG   ZAE000043485

ANGLOGOLD ASHANTI LIMITED

(ANG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

AngloGold Ashanti, Barrick Conclude Morila Sale to Firefinch

11/11/2020 | 11:39am EST

AngloGold Ashanti Limited and Barrick Gold Corporation today concluded the sale of their interest in Morila Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch Limited (previously named Mali Lithium Limited) for $28.8 million cash.

The state of Mali continues to hold the remaining 20%.

The net proceeds to AngloGold Ashanti's account will be $3.6 million taking into consideration shareholder loans and intercompany payables.

Firefinch will seek to extend Morila's life by accessing satellite resources and adapting the mine's infrastructure. The company will employ all of Morila's workforce, providing ongoing benefit to the mine's local stakeholders. The mine had been scheduled for closure in 2021.

The sale of Morila is aligned to AngloGold Ashanti's strategic objective of streamlining its portfolio to focus its capital allocation on assets with longer life and lower costs. Since it went into production in October 2000, Morila produced 6.9 million ounces of gold and paid more than $2.5 billion to stakeholders in the form of dividends and taxes. Morila, which was operated by Barrick Gold, transitioned to a stockpile treatment operation in 2009 and began processing tailings in 2013.

Contact:

Chris Nthite

Tel: +27 11 637 6388

Email: cnthite@anglogoldashanti.com

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures and the outcome and consequence of any potential or pending litigation or regulatory proceedings or environmental health and safety issues, are forward-looking statements regarding AngloGold Ashanti's operations, economic performance and financial condition. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social and political and market conditions, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), and other business and operational risks and other factors. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year ended 31 December 2019, which has been filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results to differ materially from those expressed in any forward looking statements. Other unknown or unpredictable factors could also have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED 0.04% 340.94 End-of-day quote.-0.46%
BARRICK GOLD CORPORATION -0.23% 29.85 Delayed Quote.3.17%
MALI LITHIUM LIMITED 2.56% 0.2 End-of-day quote.11.11%
All news about ANGLOGOLD ASHANTI LIMITED
01/20Zonte reports results from initial K7 drilling and discovers large magnetic a..
AQ
01/03ANGLOGOLD ASHANTI : IAMGOLD Complete Sadiola Mine Stake Sale
MT
2020ANGLOGOLD ASHANTI : December 31, 2020 - AngloGold Ashanti completes sale of enti..
PU
2020AngloGold Ashanti Says on Track to Meet 2020 Cost, Production Guidance
MT
2020AngloGold Ashanti sees strong cash generation and higher dividends
RE
2020AngloGold Ashanti sees strong cash position, CEO search "in progress"
RE
2020ANGLOGOLD ASHANTI : Cash Generation Will Support Dividend Hike
DJ
2020ANGLOGOLD ASHANTI : December 17, 2020 - Dealing in Securities by an Associate of..
PU
2020ANGLOGOLD ASHANTI : December 18, 2020 - AngloGold Ashanti Provides Year-End 2020..
PU
2020ANGLOGOLD ASHANTI : December 15, 2020 - Changes to the composition of Board Comm..
PU
More news
Financials
Sales 2020 69 180 M 4 571 M 4 571 M
Net income 2020 17 975 M 1 188 M 1 188 M
Net Debt 2020 12 254 M 810 M 810 M
P/E ratio 2020 7,78x
Yield 2020 1,86%
Capitalization 142 B 9 438 M 9 392 M
EV / Sales 2020 2,23x
EV / Sales 2021 1,73x
Nbr of Employees 26 000
Free-Float 99,4%
Chart ANGLOGOLD ASHANTI LIMITED
Duration : Period :
AngloGold Ashanti Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANGLOGOLD ASHANTI LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 471,76 ZAR
Last Close Price 340,94 ZAR
Spread / Highest target 114%
Spread / Average Target 38,4%
Spread / Lowest Target -10,5%
EPS Revisions
Managers and Directors
NameTitle
Kandimathie Christine Ramon Chief Executive Officer & Executive Director
Maria Ramos Chairman
Sicelo Ntuli Chief Operating Officer-South Africa
Ian Kramer Chief Financial Officer
Graham J. Ehm Executive Vice President-Planning & Technical
Sector and Competitors
1st jan.Capitalization (M$)
ANGLOGOLD ASHANTI LIMITED-0.46%9 438
NEWMONT CORPORATION3.11%49 798
BARRICK GOLD CORPORATION3.17%41 709
POLYUS-2.90%26 441
WHEATON PRECIOUS METALS CORP.-3.18%18 179
AGNICO EAGLE MINES LIMITED0.26%17 134