TSXV: ZON HALIFAX, Nov. 15, 2017 /CNW/ - Zonte Metals Inc. (TSXV: ZON) ("Zonte") is pleased to announce it has signed an option agreement to acquire 100% of the Cross Hills Iron Oxide Copper Gold Project, on the island portion of Newfoundland and Labrador. The property is comprised of 327 claims covering 8175 hectares including 90 claims optioned from the property vendor and an additional 237 claims map staked by the [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 14, 2016) - AngloGold Ashanti (NYSE: AU) announced a significant jump in third-quarter free cash flow to $161m, further improving its net debt position despite a decline in ore grades at some of its operations and a challenging operating environment for its South African business. Free cash flow was $161m, before the $30m once-off cost incurred for the early repayment of [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - May 09, 2016) - AngloGold Ashanti (NYSE: AU) today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti has delivered on a range of [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - February 22, 2016) - AngloGold Ashanti (NYSE: AU) today said it cut net debt by almost a third last year after margins increased despite lower gold prices, and the company generated free cash flow of $160m in the fourth quarter. AngloGold Ashanti delivered on a range of self-help measures last year to reduce debt using internally generated funds, without diluting shareholders [...]
TSXV: ZON BEDFORD, NS, Nov. 19, 2015 /CNW/ - As announced in a press release dated March 26, 2014, Zonte (the "Company"), in collaboration with several Colombian Partners, made applications for mineral titles in Colombia. One of the applications was made over open ground sitting over the Gramalote Deposit which is a joint venture between AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO) (NYSE: BTG). This application was [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 11, 2015) - The Tropicana Gold Mine today celebrated production of its 1 millionth ounce on schedule, just over two years since pouring first gold. "We poured first gold at Tropicana in September 2013 and the fact that the mine has produced its millionth ounce on schedule is testament to the hard work of everyone at the site and the support of our business partners [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 09, 2015) - AngloGold Ashanti (NYSE: AU) delivered another solid operating and financial performance for the third quarter, with production and costs both better than guidance, a marked reduction in debt levels, and strong cash flows despite a 12% decrease in the gold price year-on-year. "These results show relentless cost discipline and continued delivery on our [...]
ACCRA, GHANA--(Marketwired - September 16, 2015) - Randgold Resources Ltd. ("Randgold") and AngloGold Ashanti (NYSE: AU) have concluded an investment agreement (the "Agreement") aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti's Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - August 17, 2015) - AngloGold Ashanti (NYSE: AU) today said it generated $71m of free cash flow in the second quarter with production and costs beating guidance on the back of another strong performance from its international mines and a recovery from its South African operations. Production was 1.007Moz at a total cash cost of $718/oz* in the three months to June 30, 2015 [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - May 11, 2015) - AngloGold Ashanti (NYSE: AU) today posted a first-quarter operational performance ahead of market guidance, with a 7% year-on-year improvement in all-in sustaining costs (AISC) due mainly to a strong result from its international mines. The company maintained its full-year guidance for production, costs and capital expenditure. Production was 969,000oz at total [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - February 23, 2015) - AngloGold Ashanti (NYSE: AU) today posted its second consecutive growth in annual production alongside a 13% improvement in all-in sustaining costs, as it continued to focus on portfolio improvements and capital discipline.Production rose 8% to 4.44Moz at an all-in sustaining cost of $1,026/oz in the 12 months through December 31, 2014, from 4.10Moz at [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 03, 2014) - Record safety performanceProduction 1,128Moz up 8% year-on-year; beats guidanceTotal cash costs up 1% to $820/oz; beat guidanceAll-in-sustaining costs down 10% year-on-year to $1,036/ozAll-in costs down 19% year-on-year to $1,144/ozFree Cash Flow of $30m, vs outflow of $222m in the same period a year agoAdjusted EBITDA $400m from $327m year-on-yearEBITDA [...]
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