AngloGold Ashanti HY1 2024 Earnings Release for the Three Months and Six Months Ended 30 June 2024
AngloGold Ashanti reported a robust first-half performance for 2024, marked by a 2% increase in gold production to 1.25Moz and a 1% decrease in total cash costs per ounce to $1,158. The company's adjusted EBITDA surged 65% year-on-year to $1.118bn. Free cash flow turned positive, reaching $206m compared to a $205m outflow last year. The interim dividend was hiked by 450% year-on-year to 22 cents per share. Despite a 2% rise in all-in sustaining costs per ounce to $1,589, the strong operational performance and higher gold prices bolstered financial results. A turnaround in the Americas contributed significantly, with gold production up 10% and total cash costs down 18% year-on-year in that region. The company maintained its FY2024 guidance, anticipating further improvements in the second half.
AngloGold Ashanti ha riportato una performance robusta nel primo semestre del 2024, contrassegnata da un aumento del 2% nella produzione di oro, che ha raggiunto 1,25 Moz, e una diminuzione dell'1% nei costi totali in contante per oncia, scesi a $1.158. L'EBITDA rettificato dell'azienda è aumentato del 65% su base annua, arrivando a $1,118 miliardi. Il flusso di cassa libero è tornato positivo, raggiungendo $206 milioni rispetto a un deflusso di $205 milioni dell'anno precedente. Il dividendo intermedio è stato aumentato del 450% rispetto all'anno scorso, raggiungendo 22 centesimi per azione. Nonostante un aumento del 2% dei costi sostenuti totali per oncia, pari a $1.589, la forte performance operativa e i prezzi dell'oro in crescita hanno sostenuto i risultati finanziari. Un'inversione di tendenza nelle Americhe ha contribuito in modo significativo, con una produzione di oro in aumento del 10% e i costi totali in contante in diminuzione del 18% su base annua in quella regione. L'azienda ha mantenuto la guida per l'anno fiscale 2024, anticipando ulteriori miglioramenti nel secondo semestre.
AngloGold Ashanti reportó un sólido desempeño en la primera mitad de 2024, marcado por un aumento del 2% en la producción de oro, que alcanzó 1,25 Moz, y una disminución del 1% en los costos de efectivo totales por onza, que bajaron a $1,158. El EBITDA ajustado de la compañía se disparó un 65% interanual, alcanzando $1,118 mil millones. El flujo de caja libre se volvió positivo, alcanzando $206 millones en comparación con una salida de $205 millones el año pasado. El dividendo interino se incrementó en un 450% interanual a 22 centavos por acción. A pesar de un aumento del 2% en los costos sostenidos totales por onza a $1,589, el sólido desempeño operativo y el aumento de los precios del oro mejoraron los resultados financieros. Un cambio en las Américas contribuyó significativamente, con un aumento del 10% en la producción de oro y una disminución del 18% en los costos de efectivo totales interanuales en esa región. La compañía mantuvo su guía para el año fiscal 2024, anticipando más mejoras en la segunda mitad.
앵글로골드 아산티는 2024년 상반기에 강력한 실적을 보고했으며, 금 생산은 2% 증가하여 1.25Moz에 달했고, 총 현금 비용은 온스당 1% 감소하여 $1,158에 이르렀습니다. 회사의 조정 후 EBITDA는 전년 대비 65% 증가하여 $1.118억 달러에 달했습니다. 자유 현금 흐름은 긍정적으로 전환되어 지난해 $205백만 달러의 유출에 비해 $206백만 달러에 도달했습니다. 중간 배당금은 전년 대비 450% 증가하여 주당 22센트에 도달했습니다. 모든 유지 비용이 온스당 $1,589로 2% 증가했음에도 불구하고, 강력한 운영 성과와 높은 금 가격이 재무 성과를 강화했습니다. 미주 지역의 개선이 크게 기여하였으며, 금 생산이 10% 증가하고 총 현금 비용은 전년 대비 18% 감소했습니다. 회사는 2024 회계연도 가이던스를 유지하며 하반기 추가 개선을 기대하고 있습니다.
AngloGold Ashanti a rapporté une performance solide au premier semestre 2024, marquée par une augmentation de 2% de la production d'or à 1,25 Moz et une diminution de 1% des coûts en espèces totaux par once à 1 158 $. L'EBITDA ajusté de l'entreprise a grimpé de 65% par rapport à l'année précédente pour atteindre 1,118 milliard de dollars. Le flux de trésorerie libre est redevenu positif, atteignant 206 millions de dollars par rapport à un flux sortant de 205 millions de dollars l'année dernière. Le dividende intérimaire a été augmenté de 450% par rapport à l'année précédente, atteignant 22 cents par action. Malgré une hausse de 2% des coûts tout compris par once à 1 589 $, la solide performance opérationnelle et la hausse des prix de l'or ont soutenu les résultats financiers. Un retournement dans les Amériques a contribué de manière significative, avec une augmentation de 10% de la production d'or et une diminution de 18% des coûts en espèces totaux par rapport à l'année précédente dans cette région. L'entreprise a maintenu ses prévisions pour l'exercice 2024, s'attendant à de nouvelles améliorations au second semestre.
AngloGold Ashanti berichtete über eine robuste Leistung im ersten Halbjahr 2024, gekennzeichnet durch einen Anstieg der Goldproduktion um 2% auf 1,25 Moz und einen Rückgang der Gesamtkosten pro Unze um 1% auf $1.158. Das bereinigte EBITDA des Unternehmens stieg im Jahresvergleich um 65% auf $1,118 Milliarden. Der freie Cashflow wurde positiv und erreichte $206 Millionen im Vergleich zu einem Abfluss von $205 Millionen im Vorjahr. Die Zwischen-dividende wurde im Jahresvergleich um 450% auf 22 Cent pro Aktie erhöht. Trotz eines Anstiegs der gesamten Erhaltungskosten pro Unze um 2% auf $1,589 haben die starke operative Leistung und die höheren Goldpreise die finanziellen Ergebnisse gestärkt. Eine Wende in den Amerikas trug erheblich dazu bei, da die Goldproduktion um 10% und die Gesamtkosten um 18% im Jahresvergleich in dieser Region gesenkt wurden. Das Unternehmen hielt seine Prognose für das Geschäftsjahr 2024 aufrecht und erwartet weitere Verbesserungen in der zweiten Hälfte.
- Gold production increased 2% y-o-y to 1.25Moz.
- Free cash flow turned positive at $206m from a $205m outflow.
- Adjusted EBITDA surged 65% y-o-y to $1.118bn.
- Interim dividend increased by 450% y-o-y to 22 cents per share.
- Total cash costs per ounce decreased 1% y-o-y to $1,158.
- Gold production in the Americas rose 10% y-o-y to 257,000oz.
- Total cash costs in the Americas improved 18% y-o-y to $974/oz.
- All-in sustaining costs per ounce rose 2% y-o-y to $1,589.
- Higher operating and capital expenses partly offset financial gains.
AngloGold Ashanti delivers strong first-half performance; Free cash flow*
In the first half of 2024, gold production(1)(2) rose
Total cash costs per ounce* for subsidiaries(1)(2) improved
Improved operational performance and strong cost control helped AngloGold Ashanti capture the benefit of a higher average gold price received per ounce*, with Adjusted earnings before interest, tax, depreciation and amortisation (“Adjusted EBITDA*”) rising
“These results show the hard work that’s been done to improve the fundamentals of our business, to drive productivity benefits and manage costs to ensure we capture the benefit of stronger gold prices,” CEO Alberto Calderon said. “We expect to deliver an even stronger second-half performance.”
Brazil Drove LATAM Turnaround
Gold production(1)(2) in the first half of 2024 from the Company’s
“We took decisive steps last year to restructure our business in
Proactive Cost Management Offsetting Inflation
The
Strong Second Quarter Bolsters First Half Performance
Gold production(1) in the second quarter of 2024 rose
Strong Financial Performance and Dividend Increase Driven by Improved Fundamentals and the Higher Price of Gold
Basic earnings in the first half of 2024 were higher than in the first half of 2023 mainly due to more gold sold, a higher average gold price received per ounce*, lower operating costs, lower impairments and derecognitions of assets, higher equity earnings from joint ventures, higher finance income and lower foreign exchange losses, partly offset by higher losses on non-hedge derivatives, higher corporate and operating expenses, and higher taxation. Basic earnings were
The Company generated
The balance sheet remained robust notwithstanding continued investment in the existing production base and the project pipeline, as well as the payout of the final 2023 dividend in March 2024. The Company had liquidity of approximately
Following the improved first half performance to production, cash costs and free cash flow, coupled with the robust balance sheet and expectations for continued improvements in the second half of the year, an interim dividend of
Geita Fatality
Tragically, a fatal light vehicle accident was recorded during May 2024 at Geita, in
H1 2024 - KEY OPERATIONAL AND FINANCIAL FEATURES
-
Strong H1 performance helped by solid Q2 result; Q2 gold production(1) up
12% q-o-q to 663,000oz in Q2 2024 from 591,000oz in Q1 2024 - Solid H1 gold production contributions from AngloGold Ashanti Mineração, Serra Grande, Iduapriem, Geita and Kibali drive gold production(1)(2) of 1.254Moz in H1 2024 vs 1.232Moz in H1 2023
- Financial performance driven by both strong operational results and the higher average gold price received per ounce*
-
Total cash costs per ounce*(1)(2) for the group improved
1% y-o-y to$1,158 $1,169 6% realised inflation rate across the portfolio -
Total cash costs per ounce*(1)(2) (subsidiaries) improved
1% y-o-y to$1,200 $1,209 -
Total cash costs per ounce*(1) (joint ventures) improved
2% y-o-y to$866 $880 -
Adjusted EBITDA* increased
65% y-o-y from$676m $1,118m 46% -
AISC per ounce*(1)(2) for the group increased
2% y-o-y to$1,589 $1,555 -
AISC per ounce*(1)(2) (subsidiaries) increased
2% y-o-y to$1,658 $1,624 -
AISC per ounce*(1) (joint ventures) increased
2% y-o-y to$1,078 $1,060 -
Basic earnings of
$311m $39m $313m $61m -
Free cash flow* was an inflow of
$206m $205m -
Obuasi’s H1 production 107,000oz with Q2 ore tonnes up
6% versus Q1; flexibility challenging in current mining Block 8 means 2024 production forecast at Obuasi around lower end of guidance. -
Brazil posts strong turnaround y-o-y – AngloGold Ashanti Mineração gold production(2) +16% , total cash costs per ounce*(2) -19% ; Serra Grande gold production +14% , total cash costs per ounce* -20% - Recovery at Tropicana and Sunrise Dam on track following flooding events in Q1 2024
-
Siguiri gold production(1) up sharply as metallurgical recoveries improved to
87% in Q2 2024 from71% in Q1 2024 - Reaffirming 2024 Guidance on all metrics (Gold production, AISC per ounce*, Total cash costs per ounce* and Capital expenditure)
(1) Subsidiaries are reported on a consolidated basis. Joint ventures are reported on an attributable basis.
(2) All financial periods within the financial year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (“CdS”) operation that was placed on care and maintenance in August 2023.
(3) The financial measures “headline earnings (loss)” and “headline earnings (loss) per share” are not calculated in accordance with IFRS® Accounting Standards, but in accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute Non-GAAP financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP financial measures.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations in the Company’s HY1 2024 Earnings Release, which has been submitted to the US Securities and Exchange Commission (“SEC”) on Form 6-K (the “Full Announcement”) today.
GROUP - Key statistics |
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Quarter |
Quarter |
Six months |
Six months |
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ended |
ended |
ended |
ended |
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Jun |
Jun |
Jun |
Jun |
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2024 |
2023 |
2024 |
2023 |
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US Dollar / Imperial |
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Operating review |
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Gold |
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Produced - Group (Attributable) |
- oz (000) |
648 |
634 |
1,229 |
1,205 |
|
Produced - Group (1) (2) (3) |
- oz (000) |
663 |
645 |
1,254 |
1,232 |
|
Produced - Subsidiaries (1) (2) (3) |
- oz (000) |
581 |
557 |
1,096 |
1,081 |
|
Produced - Joint ventures (2) |
- oz (000) |
82 |
88 |
158 |
151 |
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|
Sold - Group (1) (2) (3) |
- oz (000) |
662 |
656 |
1,287 |
1,242 |
|
Sold - Subsidiaries (1) (2) (3) |
- oz (000) |
581 |
569 |
1,133 |
1,088 |
|
Sold - Joint ventures (2) |
- oz (000) |
81 |
87 |
154 |
154 |
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Financial review |
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Gold income |
- $m |
1,353 |
1,137 |
2,491 |
2,144 |
|
Cost of sales |
- $m |
893 |
910 |
1,762 |
1,749 |
|
Total operating costs |
- $m |
708 |
735 |
1,376 |
1,416 |
|
Gross profit |
- $m |
467 |
253 |
749 |
435 |
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Average gold price received per ounce* - Subsidiaries (1) (2) |
- $/oz |
2,292 |
1,938 |
2,178 |
1,917 |
|
Average gold price received per ounce* - Joint ventures (2) |
- $/oz |
2,336 |
1,972 |
2,219 |
1,941 |
|
Cost of sales - Subsidiaries |
- $m |
893 |
910 |
1,762 |
1,749 |
|
Cost of sales - Joint ventures |
- $m |
94 |
97 |
174 |
181 |
|
All-in sustaining costs per ounce* - Subsidiaries (1) (2) (3) |
- $/oz |
1,626 |
1,611 |
1,658 |
1,624 |
|
All-in sustaining costs per ounce* - Joint ventures (2) |
- $/oz |
1,085 |
982 |
1,078 |
1,060 |
|
All-in sustaining costs per ounce* - Group (1) (2) (3) |
- $/oz |
1,560 |
1,527 |
1,589 |
1,555 |
|
All-in costs per ounce* - Subsidiaries (1) (2) (3) |
- $/oz |
1,832 |
1,909 |
1,913 |
1,888 |
|
All-in costs per ounce* - Joint ventures (2) |
- $/oz |
1,324 |
1,093 |
1,280 |
1,180 |
|
All-in costs per ounce* - Group (1) (2) (3) |
- $/oz |
1,770 |
1,802 |
1,836 |
1,802 |
|
Total cash costs per ounce* - Subsidiaries (1) (2) (3) |
- $/oz |
1,171 |
1,214 |
1,200 |
1,209 |
|
Total cash costs per ounce* - Joint ventures (2) |
- $/oz |
899 |
779 |
866 |
880 |
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Total cash costs per ounce* - Group (1) (2) (3) |
- $/oz |
1,137 |
1,155 |
1,158 |
1,169 |
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Profit (loss) before taxation |
- $m |
413 |
(16) |
580 |
76 |
|
Adjusted EBITDA* |
- $m |
684 |
356 |
1,118 |
676 |
|
Total borrowings |
- $m |
2,299 |
2,091 |
2,299 |
2,091 |
|
Adjusted net debt* |
- $m |
1,148 |
1,194 |
1,148 |
1,194 |
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Profit (loss) attributable to equity shareholders |
- $m |
253 |
(83) |
311 |
(39) |
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|
- US cents/share |
60 |
(20) |
74 |
(9) |
|
Headline earnings (loss) (4) |
- $m |
255 |
16 |
313 |
61 |
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- US cents/share |
60 |
4 |
74 |
14 |
|
Net cash inflow from operating activities |
- $m |
420 |
199 |
672 |
293 |
|
Free cash flow* |
- $m |
183 |
(44) |
206 |
(205) |
|
Capital expenditure - Subsidiaries |
- $m |
250 |
226 |
490 |
453 |
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Capital expenditure - Joint ventures |
- $m |
36 |
24 |
61 |
44 |
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(1) All financial periods within the financial year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (“CdS”) operation that was placed on care and maintenance in August 2023. All gold production, gold sold, average gold price received per ounce*, all-in sustaining costs per ounce*, all-in costs per ounce* and total cash costs per ounce* metrics in this document have been adjusted to exclude the CdS operation, unless otherwise stated. |
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(2) All gold production and gold sold metrics in this document are stated on a consolidated basis for subsidiaries and on an attributable basis for joint ventures, unless otherwise stated. |
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(3) Includes gold concentrate from the Cuiabá mine sold to third parties. |
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(4) The financial measures “headline earnings (loss)” and “headline earnings (loss) per share” are not calculated in accordance with IFRS® Accounting Standards, but in accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute Non-GAAP financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP financial measures. |
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* Refer to “Non-GAAP disclosure” for definitions and reconciliations. |
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$ represents US Dollar, unless otherwise stated. |
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Rounding of figures may result in computational discrepancies. |
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Dividends
The board of directors of AngloGold Ashanti plc today announces an interim dividend for the six months ended 30 June 2024 of 22 US cents per share.
In respect of the interim dividend, the timelines, including dates for currency conversions, set out below will apply.
To holders of ordinary shares on the New York Stock Exchange (NYSE) |
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2024 |
Ex-dividend on NYSE |
Friday, 30 August |
Record date |
Friday, 30 August |
Payment date |
Friday, 13 September |
Additional information for South African resident shareholders of AngloGold Ashanti:
Shareholders registered on the South African section of the register are advised that the distribution of 22 US cents per ordinary share will be converted to South African rands at the applicable exchange rate.
In compliance with the requirements of Strate and the Johannesburg Stock Exchange (JSE) Listings Requirements, the salient dates for payment of the dividend are as follows:
To holders of ordinary shares on the South African Register |
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2024 |
Declaration date |
Tuesday, 6 August |
Currency conversion rate for South African rands announcement date |
Friday, 23 August |
Last date to trade ordinary shares cum dividend |
Tuesday, 27 August |
Ordinary shares trade ex-dividend |
Wednesday, 28 August |
Record date |
Friday, 30 August |
Payment date |
Friday, 13 September |
Dividends in respect of dematerialised shareholdings will be credited to shareholders’ accounts with the relevant CSDP (as defined below) or broker.
To comply with further requirements of Strate, share certificates may not be dematerialised or rematerialised between Wednesday, 28 August 2024 and Friday, 30 August 2024, both days inclusive. No transfers between South African, NYSE and Ghanaian share registers will be permitted between Wednesday, 28 August 2024 and Friday, 30 August 2024, both days inclusive.
Details of the exchange rates applicable to the dividend and a summary of the tax considerations applicable to South African shareholders is expected to be published on Friday, 23 August 2024.
To Beneficial Owners on the |
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2024 |
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Currency conversion date |
Friday, 23 August |
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Last date to trade and to register shares cum dividend |
Tuesday, 27 August |
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Shares trade ex-dividend |
Wednesday, 28 August |
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Record date |
Friday, 30 August |
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Approximate payment date of dividend |
Friday, 13 September |
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To Beneficial Owners holding Ghanaian Depositary Shares (GhDSs) and acting by National Trust Holding Company Ltd as depositary agent |
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100 GhDSs represent one ordinary share |
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2024 |
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Currency conversion date |
Friday, 23 August |
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Last date to trade and to register GhDSs cum dividend |
Tuesday, 27 August |
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GhDSs trade ex-dividend |
Wednesday, 28 August |
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Record date |
Friday, 30 August |
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Approximate payment date of dividend |
Friday, 13 September |
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Beneficial owners on the
Entitlement to interim dividends
A “Shareholder of Record” is a person appearing on the register of members of the Company in respect of ordinary shares at the close of business on the relevant record date. A “Beneficial Owner” is a person who holds ordinary shares of the Company through a bank, broker, central securities depository participant (“CSDP”), Shareholder of Record or other agent (sometimes referred to as holding shares “in street name”).
This short form announcement (the “JSE Announcement”) is the responsibility of the board of directors of the Company, who certify that, to the best of their knowledge and belief, there are no facts that have been omitted which would make the information false, misleading or inaccurate, and that all reasonable enquiries to ascertain such facts have been made.
The details contained in this JSE Announcement are only a summary of the information contained in the Full Announcement which contains an Earnings Release for the three months and six months ended 30 June 2024. Investors and/or shareholders should base any investment decisions on consideration of the Full Announcement and are therefore directed to the Full Announcement available for viewing via the JSE SENS link, provided below, and available on the Company’s website at www.anglogoldashanti.com. The Full Announcement may be requested by email to CompanySecretary@Anglogoldashanti.com or by contacting Yatish Chowthee on +27 11 637 6273.
The JSE link is as follows:
https://senspdf.jse.co.za/documents/2024/jse/isse/ange/ERJUN24.pdf
Shareholders are further advised that AngloGold Ashanti has today filed with the SEC its Form 6-K. The Form 6-K is available online on the Company’s website at www.anglogoldashanti.com and also on the SEC’s website at www.sec.gov.
(“AngloGold Ashanti”, “AGA” or the “Company”)
(Incorporated in
Registration No. 14654651
LEI No. 2138005YDSA7A82RNU96
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE Share code: AU
JSE Share code: ANG
A2X Share code: ANG
GhSE (Shares): AGA
GhSE (GhDS): AAD
6 August 2024
JSE Sponsor: The Standard Bank of South Africa Limited
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, 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 financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as “believe”, “expect”, “aim”, “anticipate”, “intend”, “foresee”, “forecast”, “predict”, “project”, “estimate”, “likely”, “may”, “might”, “could”, “should”, “would”, “seek”, “plan”, “scheduled”, “possible”, “continue”, “potential”, “outlook”, “target” or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti’s actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions 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, performance, actions or achievements 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), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company’s internal control over financial reporting, and other business and operational risks and challenges 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 2023 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, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti’s future results, performance, actions or achievements. 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.
Website: www.anglogoldashanti.com
June 2024 Published 6 August 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20240805438311/en/
Media
Andrea Maxey: +61 08 9425 4603 / +61 400 072 199
amaxey@anglogoldashanti.com
General inquiries
media@anglogoldashanti.com
Investors
Yatish Chowthee: +27 11 637 6273 / +27 78 364 2080
yrchowthee@anglogoldashanti.com
Andrea Maxey: +61 08 9425 4603 / +61 400 072 199
amaxey@anglogoldashanti.com
Source: AngloGold Ashanti plc
FAQ
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