Aankondiging • Aug 26
AngloGold Ashanti Limited Announces Executive Changes AngloGold Ashanti announced the appointment of Richard Jordinson as Chief Operating Officer, with effect 1 October 2023. Richard has deep experience working across multiple jurisdictions in operating and leadership roles; he joined AngloGold Ashanti in 2012 as General Manager of Sunrise Dam, in Australia, where he was accountable for the mine strategy to transition the operation from open pit to large scale underground operation. He was previously General Manager of Resolute Mining's Syama Gold Mine, in Mali. In April 2017, Richard was appointed General Manager at Geita Gold Mine, AngloGold Ashanti's largest producing asset, where he led the team in Tanzania for more than four years. During that period Geita successfully transitioned to underground production across three separate mining fronts, established a new open pit mine at Nyamulilima and almost doubled mining reserves. Throughout that transition Geita was AngloGold Ashanti's safest operation, breaking all previous safety records and winning the AGA Global Safety Award for three straight years. Geita is now universally regarded as one of the world's premier Tier One gold mines with a bright future. In 2021 Richard was appointed Senior Vice president for AngloGold Ashanti's Ghana-Tanzania Business Unit, leading and supporting the development of a strong team across both countries to improve performance. Over this period Geita has continued to improve, Obuasi has continued to progress its ramp up toward the world- class mine it is, and Iduapriem has safely and reliably delivered to budget ahead of its proposed joint venture with Tarkwa to will create Africa's largest gold mine. Richard brings 38 years of industry experience to this role, earned across the Gold, Iron Ore, Nickel, Zinc and Lead mining sectors. He has with AngloGold Ashanti a proven track record of adding value to the portfolios he has helped lead by bringing new operations into production on time and on budget and overseeing complex transitions to underground mining. Richard has a BSc ACSM Mining Degree from Camborne School of Mines in Cornwall, UK and a Western Australian First Class Mine Managers Certificate. Richard will replace Marcelo Godoy, who since July has been the interim COO following the retirement of Ludwig Eybers. AngloGold Ashanti would like to express the gratitude of the board and executive for the invaluable work Marcelo is doing ahead of Richard assuming the COO role, and the manner in which he has approached managing the production portfolio. Thanks are also due to Jason May who, as interim Chief Technology Officer, has done an excellent job in holding the fort for Marcelo. Aankondiging • Aug 05
Anglogold Ashanti Limited Declares Dividends for the Six Months Ended 30 June 2023, Payable on 8 September 2023 The directors of AngloGold Ashanti Limited declared dividend No.127 for the six months ended 30 June 2023. In terms of the withholding tax on dividends which became effective on 1 April 2012, the following additional information is disclosed: Net dividend (where dividend tax at 20% is payable on payment date) is 56.00000 South African cents per share. Ordinary shares trade ex-dividend date is 23 August 2023. Record date is 25 August 2023. Payment date is 8 September 2023. Aankondiging • Jul 23
Anglogold Ashanti Limited Resignation of Leeanne Goliath as Group Company Secretary AngloGold Ashanti Limited announced In compliance with paragraph 3.59(b) of the Listings Requirements of JSE Limited, shareholders are advised thatMs Leeanne Goliath has resigned as Group Company Secretary of AngloGold Ashanti with effect from 20 July 2023 to pursue another opportunity. Ms Goliath will continue to fulfil her duties until 20 October 2023. Aankondiging • Jun 24
AngloGold Ashanti Limited Announces Executive Changes AngloGold Ashanti Limited announced the retirement of Chief Operating Officer (COO) Ludwig Eybers in December 2023. This comes after 12 years with the company, capping a nearly four-decade career in mining. career in mining. Ludwig joined AngloGold Ashanti in 2011 as Senior Vice President. He was COO of the International portfolio outside Africa and latterly the COO for the entire portfolio of operations, where he has helped drive vision of sustainable mining. Mr. Marcelo Godoy, Chief Technology Officer, will assume the role of interim COO from 1 July 2023, and will work closely with Ludwig in the coming months to ensure a smooth transition until the permanent COO is identified. Aankondiging • Jun 07
AngloGold Ashanti Limited, Annual General Meeting, Jul 05, 2023 AngloGold Ashanti Limited, Annual General Meeting, Jul 05, 2023, at 13:00 South Africa Standard Time. Agenda: To consider the resolution necessary to approve and implement the payment to Non-Executive Directors. Aankondiging • May 30
AngloGold Ashanti Limited Announces Changes to Its Board of Directors, Effective 1 June 2023 AngloGold Ashanti Limited announced that Ms Diana Sands and Ms Jinhee Magie have been appointed as independent non-executive directors of the Company with effect from 1 June 2023. Ms Sands will serve as a member of the Remuneration and Human Resources Committee and Social, Ethics and Sustainability Committee and Ms Magie will serve as a member of the Audit and Risk Committee and Investment Committee. Ms Sands retired from The Boeing Company in 2020 where she was an executive officer and Senior Vice President, Office of Internal Governance and Administration overseeing a diverse team including ethics, compliance, security and internal audit. Prior to this, she served as Boeing's corporate controller. Ms Sands brings over 30 years of business experience to her board roles having held senior executive, finance and governance positions across multiple industries. She has an MBA from Northwestern University and a BBA from the University of Michigan. After 14 years with Lundin Mining, Ms Magie retired in 2022 as the Chief Financial Officer and a member of Lundin's Executive Committee responsible for the strategic plan and vision of the company. She has extensive public company experience in the areas of finance, mergers and acquisitions, and people leadership, particularly within the metals and mining sector. Ms Magie holds a Bachelor of Commerce degree in Accounting from the University of Toronto. After graduating, she joined Ernst & Young Inc. where she became a Certified Public Accountant. Ms Sands and Ms Magie will also bring to bear their experience as non-executive directors while serving on the board. Aankondiging • May 22
AngloGold Ashanti Limited to Report First Half, 2023 Results on Aug 07, 2023 AngloGold Ashanti Limited announced that they will report first half, 2023 results on Aug 07, 2023 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €24.20, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €18.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.08 per share. Upcoming Dividend • Mar 08
Upcoming dividend of R3.22 per share at 3.1% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 23% and the cash payout ratio is 79%. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.0%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: US$0.71 (vs US$1.48 in FY 2021) Full year 2022 results: EPS: US$0.71 (down from US$1.48 in FY 2021). Revenue: US$4.50b (up 12% from FY 2021). Net income: US$297.0m (down 52% from FY 2021). Profit margin: 6.6% (down from 15% in FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • Feb 16
Anglogold Ashanti Limited Provides Earnings Guidance for the Year Ended December 31, 2022 AngloGold Ashanti Limited provided earnings guidance for the year ended December 31, 2022. The Company has reasonable certainty that headline earnings for the Period are expected to be between $530 million and $560 million, with headline earnings per share ("HEPS") of between 126 US cents and 133 US cents, a decrease of between 8% to 13% from the comparative period. Headline earnings and HEPS for the comparative period in 2021 were $612 million and 146 US cents, respectively. Basic earnings for the Period are expected to be between $280 million and $315 million, resulting in total basic earnings per share ("EPS") of between 67 US cents and 75 US cents, a decrease of between 49% to 55% from the comparative period. The basic earnings and EPS for the comparative period were $622 million and 148 US cents, respectively. Aankondiging • Dec 17
AngloGold Ashanti Limited to Report Fiscal Year 2022 Results on Feb 22, 2023 AngloGold Ashanti Limited announced that they will report fiscal year 2022 results on Feb 22, 2023 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 18% share price gain to €15.65, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 8.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.83 per share. Upcoming Dividend • Aug 17
Upcoming dividend of R4.93 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (9.4%). Reported Earnings • Aug 06
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$362.0m from profit in 1H 2021). Profit margin: (down from 18% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Scott Lawson was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €16.35, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.21 per share. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Scott Lawson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: US$1.48 (vs US$2.26 in FY 2020) Full year 2021 results: EPS: US$1.48 (down from US$2.26 in FY 2020). Revenue: US$4.03b (down 9.0% from FY 2020). Net income: US$622.0m (down 34% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 37% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 19% share price gain to €22.92, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.62 per share. Upcoming Dividend • Mar 02
Upcoming dividend of R2.17 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 13% and the cash payout ratio is 99%. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (9.6%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.48 (down from US$2.26 in FY 2020). Revenue: US$4.03b (down 9.0% from FY 2020). Net income: US$622.0m (down 34% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). The decrease in margin was driven by lower revenue. Production and reserves: Gold Production: 2,472 troy koz (2,810 troy koz in FY 2020) Proved and probable reserves (ore): 491.6 Mt Number of mines: 10 (12 in FY 2020) Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Dec 31
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Scott Lawson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 21
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Alberto Calderon was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 21
Upcoming dividend of R0.87 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 10 September 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.8%). Reported Earnings • May 14
First quarter 2021 earnings released: EPS US$0.48 (vs US$0.32 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$979.0m (up 8.2% from 1Q 2020). Net income: US$203.0m (up 52% from 1Q 2020). Profit margin: 21% (up from 15% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS US$2.26 (vs US$0.87 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$4.43b (up 26% from FY 2019). Net income: US$946.0m (up 160% from FY 2019). Profit margin: 21% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 2,810 troy koz (2,860 troy koz in FY 2019) Number of mines: 12 (15 in FY 2019) Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 03
Upcoming Dividend of R7.05 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 10th of March. The trailing yield of 2.4% is below the top quartile of German dividend payers (3.4%), and is lower than industry peers (4.3%). Recent Insider Transactions • Feb 27
Insider recently sold €831k worth of stock On the 25th of February, Tirelo Sibisi sold around 50k shares on-market at roughly €16.62 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 21%, compared to a 20% growth forecast for the Metals and Mining industry in Germany. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$2.26 (vs US$0.87 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$4.43b (up 26% from FY 2019). Net income: US$946.0m (up 160% from FY 2019). Profit margin: 21% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 2,806 troy koz (2,862 troy koz in FY 2019) Proved and probable reserves (ore): 480.1 Mt (1,024 Mt in FY 2019) Number of mines: 10 (15 in FY 2019) Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 21
New 90-day low: €16.88 The company is down 12% from its price of €19.07 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.65 per share. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 18% share price gain to US$22.95, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16x. This compares to an average P/E of 13x in the Metals and Mining industry in Europe. Total returns to shareholders over the past three years are 181%. Is New 90 Day High Low • Oct 26
New 90-day low: €20.92 The company is down 35% from its price of €32.24 on 28 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.71 per share. Is New 90 Day High Low • Oct 08
New 90-day low: €21.57 The company is down 24% from its price of €28.39 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.83 per share. Is New 90 Day High Low • Sep 20
New 90-day low: €23.06 The company is down 4.0% from its price of €24.12 on 22 June 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.75 per share.