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
  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. End-of-day quote Johannesburg Stock Exchange - 05/17
349.88 ZAR   +5.39%
03:05aANGLOGOLD ASHANTI LIMITED : Buying pressure
05/12YES : q No: ý (Form 6-K)
PU
05/12ANGLOGOLD ASHANTI  : Yes No X (Form 6-K)
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

South Africa's Anglogold plays down merger prospects amid deal talk

03/31/2021 | 12:33pm EDT

TORONTO/JOHANNESBURG, March 31 (Reuters) - South Africa's Anglogold Ashanti does not need to pursue mergers and won't add scale for its own sake, its interim chief executive said on Wednesday, dampening speculation it could take part in further deals in the sector.

Sibanye-Stillwater CEO Neal Froneman this month floated the idea of a merger with peers AngloGold and Gold Fields, arguing consolidation is needed for South Africa's gold miners to compete globally.

Anglogold interim CEO Christine Ramon declined to comment directly when asked about a potential tie-up with Gold Fields during a roundtable at the Mining Indaba Virtual Investment Programme alongside Froneman and Barrick Gold head Mark Bristow.

Consolidation can bring benefits including operational synergies, but can also add complexity and costs, she said.

"I think bigger doesn't necessarily mean better. We wouldn't look to build scale just for the sake of it."

Ramon, who replaced Kelvin Dushinsky at the helm of Anglogold last year on an interim basis, said the miner is focused on developing its own assets and has the support of investors. "For us it's far more important not to get distracted," she said.

Shares of Anglogold were flat on Wednesday.

The stock initially rose 2.6% while Gold Fields fell 2.6% after Froneman floated the prospect of a deal on March 8. Sibanye shares fell 1.2% on that day.

Froneman has expressed interest in acquiring a mid-tier gold company with more than 1 million ounces and operations outside South Africa as it looks to build its gold business.

Sibanye, which started out as a pure gold producer, became the world's largest platinum miner with its 2019 takeover of London-listed rival Lonmin.

Gold generates less than 20% of Sibanye earnings currently, and the miner is keen to diversify beyond platinum to support a sustainable dividend, Froneman said on Wednesday.

"To do that you can't be cyclical," he told the panel. "You can't have a strategy or a policy that puts you at the vagaries of commodity prices."

(Reporting by Jeff Lewis in Toronto and Tanisha Heiberg in Johannesburg; Editing by Jan Harvey and Mark Heinrich)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED 5.39% 349.88 End-of-day quote.2.15%
BARRICK GOLD CORPORATION -1.56% 30.01 Delayed Quote.5.14%
DOW JONES AFRICA TITANS 50 INDEX -0.08% 546 Delayed Quote.2.87%
GOLD FIELDS LIMITED 5.44% 164.84 End-of-day quote.19.82%
S&P AFRICA 40 INDEX 0.22% 181.11 Delayed Quote.4.45%
SIBANYE STILLWATER LIMITED 3.47% 66.17 End-of-day quote.10.28%
All news about ANGLOGOLD ASHANTI LIMITED
05/12YES : q No: ý (Form 6-K)
PU
05/12ANGLOGOLD ASHANTI  : Yes No X (Form 6-K)
PU
05/11ANGLOGOLD ASHANTI  : Q1 Earnings Rise to $203m as Obuasi Moves toward Completion
AQ
05/10ANGLOGOLD : Q1 Earnings Snapshot
AQ
05/10ANGLOGOLD ASHANTI  : RBC Trims Price Target on AngloGold Ashanti to $22 From $23..
MT
05/10AngloGold Ashanti quarterly earnings jump as bullion prices climb
RE
05/10AngloGold Ashanti 1Q Profit Jumped on Stronger Prices
DJ
05/10ANGLOGOLD ASHANTI  : Q1 2021 - Supplementary report  (1006.2k)
PU
05/10ANGLOGOLD ASHANTI  : May 10, 2021 - AngloGold Ashanti Q1 Earnings Rise to $203m ..
PU
05/10ANGLOGOLD ASHANTI  : Q1 2021 - Summary of operations by mine  (522.9k)
PU
More news
Financials
Sales 2021 66 207 M 4 728 M 4 728 M
Net income 2021 15 449 M 1 103 M 1 103 M
Net Debt 2021 4 982 M 356 M 356 M
P/E ratio 2021 9,06x
Yield 2021 1,61%
Capitalization 146 B 10 348 M 10 426 M
EV / Sales 2021 2,28x
EV / Sales 2022 2,14x
Nbr of Employees 26 000
Free-Float 99,4%
Chart ANGLOGOLD ASHANTI LIMITED
Duration : Period :
AngloGold Ashanti Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANGLOGOLD ASHANTI LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 386,90 ZAR
Last Close Price 349,88 ZAR
Spread / Highest target 38,6%
Spread / Average Target 10,6%
Spread / Lowest Target -9,97%
EPS Revisions
Managers and Directors
NameTitle
Kandimathie Christine Ramon Chief Executive Officer & Executive Director
Ian Kramer Chief Financial Officer
Maria Ramos Chairman
Graham J. Ehm Executive VP-Group Planning & Technical
Sicelo Ntuli Chief Operating Officer-Africa
Sector and Competitors
1st jan.Capitalization (M$)
ANGLOGOLD ASHANTI LIMITED2.15%10 348
NEWMONT CORPORATION22.60%59 397
BARRICK GOLD CORPORATION5.14%44 907
POLYUS-1.67%27 800
WHEATON PRECIOUS METALS CORP.7.39%21 388
NEWCREST MINING LIMITED9.97%17 944