1. Homepage
  2. Equities
  3. South Africa
  4. Johannesburg Stock Exchange
  5. AngloGold Ashanti Limited
  6. News
  7. Summary
    ANG   ZAE000043485

ANGLOGOLD ASHANTI LIMITED

(ANG)
  Report
End-of-day quote Johannesburg Stock Exchange  -  2022-08-07
263.28 ZAR   +6.68%
08/08Deutsche Bank Adjusts AngloGold Ashanti Price Target to $17.50 From $19, Maintains Buy Rating
MT
08/05TRANSCRIPT : AngloGold Ashanti Limited, H1 2022 Earnings Call, Aug 05, 2022
CI
08/05AngloGold Ashanti Limited Reports Production Results for the Six Months Ended 30 June 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AngloGold Ashanti : Interim 2022 - Results Presentation PDF , 1.8mb

08/05/2022 | 02:51am EDT

2022 INTERIM RESULTS

for the six months ended 30 June 2022

1

DISCLAIMER

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 Limited's (the "Company", "AngloGold Ashanti" or "AGA") 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, the consequences of the COVID-19 pandemic and the outcome and consequences 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, political and market conditions, including related to inflation or international conflicts, 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, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year ended 31 December 2021 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.

The information included in this presentation has not been reviewed or reported on by AngloGold Ashanti's external auditors.

Non-GAAP financial measures

This communication may contain certain "Non-GAAP" financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.

Website: www.anglogoldashanti.com

Some photographs showing employees and / or community members in this presentation were taken prior to the onset of the COVID-19 pandemic.

2

OVERVIEW & STRATEGY

Operational fundamentals improving

  • on track to meet full-year guidance

3

PRIORITISING HEALTH AND SAFETY OF OUR PEOPLE AND COMMUNITIES

Working towards zero harm and achieving excellence in environmental stewardship and community development

Total Recordable Injury Frequency Rate*

per million hours worked

5

4

3

2

1

1.33

0

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

H1 2022

  • Fatality-freefirst six months of 2022
  • Strong safety result: TRIFR* improved 39% year-on-year as compared to H1 2022
    • Revitalised safety strategy roll-out continues at all operations
    • TRIFR* remains below 2021 ICMM member average 2.90
  • Continuous application of our Major Hazard Management process

Safety

is our first value.

*Total Recordable Injury Frequency Rate ("TRIFR"),

previously known as the All-Injury Frequency Rate ("AIFR"), the broadest measure of workplace safety, measures workplace safety in terms of the total number of injuries and fatalities that occur per million hours worked (by employees and contractors).

4

H1 2022 HIGHLIGHTS - CREATING THE FOUNDATION FOR VALUE DELIVERY

IMPROVING CAPITAL & OPERATING DISCIPLINE

key to meeting objectives

ACHIEVING

CATALYSTS transforming performance

  • Strong safety performance and culture - fatality-free first H1 2022, focus on zero harm
  • Strong production contributions - Cerro Vanguardia, Siguiri, Sunrise Dam, Iduapriem and Tropicana
  • Underground grade improved 10% year-on-year, following reinvestment initiatives
  • Total cash costs increased 6% year-on-year, below inflation, to $1,068/oz in H1 2022
  • Free cash flow of $471m; underpinned by cash distributions received from Kibali
  • Exploring strategic options for Gramalote Project, in Colombia, and Córrego do Sítio mine, in Brazil
  • Cash returns to shareholders - interim dividend of $121m or 29 US cents per a share declared for H1 2022
  • Obuasi on track to achieve its annual production guidance between 240,000oz - 260,000oz
  • Operational fundamentals improving - on track to meet full-year guidance with sequentially improving quarterly performances
  • Reinvestment programme on track to grow Ore Reserve and production, at lower costs, over medium- to longer term

REGAINING COMPETITIVENESS

  • Rebuilding consistency - on track to meet guidance for 2022
  • Full Asset Potential Review - Sunrise Dam and Siguiri shifting to implementation phase, Cuiabá in assessment phase
  • Balance sheet remained in a solid position - liquidity of ~$2.6bn, low leverage
  • Work underway to move down the cost curve and enhance margins
  • Commitment to shareholder returns and closing the gap to peers

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

AngloGold Ashanti Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 06:50:15 UTC.


© Publicnow 2022
All news about ANGLOGOLD ASHANTI LIMITED
08/08Deutsche Bank Adjusts AngloGold Ashanti Price Target to $17.50 From $19, Maintains Buy ..
MT
08/05TRANSCRIPT : AngloGold Ashanti Limited, H1 2022 Earnings Call, Aug 05, 2022
CI
08/05AngloGold Ashanti Limited Reports Production Results for the Six Months Ended 30 June 2..
CI
08/05YES : q No: ý - Form 6-K
PU
08/05BOLETÍN MATINAL : 5 de agosto de 2022
DJ
08/05Anglogold Ashanti Records Lower H1 Profit
MT
08/05ANGLOGOLD ASHANTI : Interim 2022 - Supplementary report to shareholders xls , 1mb
PU
08/05ANGLOGOLD ASHANTI : Interim 2022 - Operations at a glance xls , 37.7kb
PU
08/05AngloGold Ashanti shares rise as miner sticks to cost guidance
RE
08/05ANGLOGOLD ASHANTI : Interim 2022 - Results Presentation PDF , 1.8mb
PU
More news
Analyst Recommendations on ANGLOGOLD ASHANTI LIMITED
More recommendations
Financials (USD)
Sales 2022 4 503 M - -
Net income 2022 671 M - -
Net Debt 2022 751 M - -
P/E ratio 2022 11,8x
Yield 2022 2,74%
Capitalization 6 634 M 6 632 M -
EV / Sales 2022 1,64x
EV / Sales 2023 1,35x
Nbr of Employees 26 000
Free-Float 99,9%
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
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 15,86 $
Average target price 19,66 $
Spread / Average Target 24,0%
EPS Revisions
Managers and Directors
Alberto Calderon Chief Executive Officer & Executive Director
Ian Kramer Chief Financial Officer
Maria Ramos Chairman
Marcelo Godoy Chief Technology Officer
Ludwig Eybers Senior VP-Namibia & Mining Task Force
Sector and Competitors