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Stock Market & Financial Investment News

News Breaks
February 18, 2014
06:30 EDTAUAngloGold Ashanti says Tito Mboweni steps down as chairman
AngloGold Ashanti announces that as a result of his increasing portfolio of professional commitments, Tito Mboweni has decided not to stand for re-election as Non-Executive Director at the Annual General Meeting to be held in May. Mboweni has stood down as Chairman, but to ensure a smooth transition has agreed to work closely with the new Chairman, Sipho Pityana, who was elected unanimously by the Board. Mboweni’s decision to step down comes after a period of sustained improvement from AngloGold Ashanti, which has rebased its cost structure in response to a dramatically lower gold price, whilst improving the quality of its asset base with the commissioning of two new gold mines, together with selected asset disposals.
News For AU From The Last 14 Days
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February 24, 2015
09:47 EDTAUAngloGold upgraded to Buy from Neutral at Goldman (pre-open)
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February 23, 2015
05:19 EDTAUAngloGold sees FY15 production 4.0Moz-4.3Moz
Production guidance for FY15 is now between 4.0Moz-4.3Moz, reflecting the sale of the Navachab mine, reduction in production from Mali, cessation of underground production at Obuasi, only partially offset by the ramp-up in production from Cripple Creek & Victor starting after Q1. Total cash costs are now anticipated to be $770/oz-$820oz. AISC are forecast at $1,000/oz to $1,050/oz. Capital expenditure for FY15 are expected to be $1B-$1.1B. Corporate costs are now forecast at approximately $95M-$110M for the year, and Expensed exploration and study costs are forecast at $155M-$175M. Depreciation and amortization are expected to be $860M, while the cash flow impact of interest charges is expected at $240M.
05:16 EDTAUAngloGold sees Q1 production 900,000oz-940,000 oz
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05:15 EDTAUAngloGold reports Q4 production 1.16Moz
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February 19, 2015
15:34 EDTAUAngloGold seeking partners, buyers for assets in Americas, WSJ says
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15:05 EDTAUAngloGold hires banks to find partners, buyers for assets, DJ reports
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