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

ANGLOGOLD ASHANTI LIMITED

(ANG)
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End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 12/02
346.94 ZAR   -0.28%
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AngloGold Ashanti : September 30, 2020 - AngloGold Ashanti Announces Closing of South African Asset Sale, Receipt of Proceeds  (203.5k)

09/30/2020 | 10:50am EST

AngloGold Ashanti Limited

(Incorporated in the Republic of South Africa) Reg. No. 1944/017354/06

ISIN. ZAE000043485 - JSE share code: ANG

CUSIP: 035128206 - NYSE share code: AU ("AngloGold Ashanti" or the "Company")

NEWS RELEASE

AngloGold Ashanti Announces Closing of South African Asset Sale, Receipt of Proceeds

(JOHANNESBURG) - AngloGold Ashanti is pleased to announce that the sale of its remaining mines in South Africa to Harmony Gold Mining Company Limited has concluded, and the initial $200 million cash payment has been received.

Harmony will now assume full ownership of the portfolio of assets and associated liabilities from tomorrow, 1 October 2020. This follows the unconditional approval of the transaction by South Africa's Department of Mineral Resources and Energy, earlier this month.

The proceeds from the transaction will be used to further reduce debt.

"Concluding this sale has been important to the execution of our strategy, while also providing certainty for the long-term and responsible development of these assets," said Christine Ramon, the interim Chief Executive Officer of AngloGold Ashanti. "We wish the employees of our South African operations all the very best in future as they embark on this new chapter in the life of these assets."

ENDS

Johannesburg

30 September 2020

JSE Sponsor: The Standard Bank of South Africa Limited

CONTACTS

Media

Chris Nthite

+27 11 637 6388/ +27 83 301 2481

cnthite@anglogoldashanti.com

General inquiries

media@anglogoldashanti.com

Investors

Sabrina Brockman

+1 646 880 4526/ +1 646 379 2555

sbrockman@anglogoldashanti.com

Yatish Chowthee

+27 11 637 6273 / +27 78 364 2080

yrchowthee@anglogoldashanti.com

Fundisa Mgidi

+27 11 637 6763 / +27 82 821 5322

fmgidi@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.

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.

Incorporated in the Republic of South Africa Reg No: 1944/017354/06

ISIN. ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code: AU

Website: www.anglogoldashanti.com

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 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 14:49:08 UTC


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Financials
Sales 2020 70 381 M 4 601 M 4 601 M
Net income 2020 16 667 M 1 090 M 1 090 M
Net Debt 2020 13 382 M 875 M 875 M
P/E ratio 2020 7,71x
Yield 2020 1,83%
Capitalization 145 B 9 426 M 9 456 M
EV / Sales 2020 2,25x
EV / Sales 2021 1,68x
Nbr of Employees 26 000
Free-Float 99,4%
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Technical analysis trends ANGLOGOLD ASHANTI LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 505,19 ZAR
Last Close Price 346,94 ZAR
Spread / Highest target 110%
Spread / Average Target 45,6%
Spread / Lowest Target 2,03%
EPS Revisions
Managers
NameTitle
Kandimathie Christine Ramon Chief Executive Officer & Executive Director
Sipho Mila Pityana Independent Non-Executive Chairman
Sicelo Ntuli Chief Operating Officer-South Africa
Ian Kramer Chief Financial Officer
Graham J. Ehm Executive Vice President-Planning & Technical
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