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Stock Market & Financial Investment News

News Breaks
February 19, 2014
05:20 EDTAUAngloGold reports Q4 production up 18% to 1.23M oz
AngloGold Ashanti saw strong quarterly improvements throughout the year across almost every metric. Earnings before interest, tax, depreciation and amortisation rose to $544M in the three months to December 31, a 66% improvement on $327M in Q3. Adjusted headline earnings normalised for various items, rose to $164M, from $110M in Q3. Production for Q4 rose 18% to 1.23M oz compared to Q3, while total cash costs improved 8% to $748/oz. AISC were $1,015/oz in Q4, down 12% from $1,155/oz in Q3. The strong cost reduction reflects better-than-anticipated outcomes from the companies Project 500 initiative to realize $500M of operating cost savings between mid-2013 and the end of 2014.
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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