ANGLOGOLD ASHANTI (PTY) LTD (AU): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

17 May 2022resource reserve update● Neutral

AngloGold filed its annual Mineral Resource and Ore Reserve Report as at 31 December 2021. The visible extract shows Silicon in Nevada declared as a Mineral Resource for the first time, which follows the earlier expectation of a year-end 2021 declaration. It also lists Gramalote at 50% under B2Gold management and Cerro Vanguardia in Argentina still at 92.5%, with the group in nine countries. The extract is truncated and shows no resource or reserve totals.

Discuss in chat

1 Apr 2021resource reserve update● Neutral

AngloGold filed its annual Mineral Resource and Ore Reserve Report as at 31 December 2020. It reports a first-time Mineral Resource declaration at Butcher Well in Australia (70%), and Gramalote now at 50% under B2Gold management. The company concluded none of the changes are material to the overall valuation of the company. Internal reviews were done as desktop reviews and external audits could not take place because of COVID-19 travel restrictions. The extract shows no resource or reserve totals.

Discuss in chat

21 Apr 2020resource reserve update▲ Good

AngloGold Ashanti filed its annual Mineral Resource and Ore Reserve Report as at 31 December 2019. It says the Ore Reserve rose by 3.5Moz before depletion, and by 1.1Moz after depletion excluding South Africa. It also notes the Morila resource and reserve has been written off and that the Mponeng and Surface Operations (South Africa) sales were announced in February 2020. The company concluded the changes are not material to the overall valuation of the company.

Discuss in chat

22 Jan 2020resource reserve update● NeutralMajor

AngloGold Ashanti republished a statement from its Gramalote joint venture partner and manager B2Gold, which reports an updated preliminary economic assessment for Gramalote Ridge in Colombia: 3.85 million ounces over a 13.6-year mine life, pre-production capital of $901 million, and an after-tax NPV of $671 million at $1,350/oz gold. Under an amended agreement signed 23 December 2019, B2Gold will fund the next $13.9 million of spending, after which each partner holds 50% (currently AngloGold 51.7%). The study is preliminary, includes inferred resources, and a final feasibility study is expected by 31 December 2020; AngloGold says it will publish its own price sensitivities after that study.

Discuss in chat