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General Information

AngloGold Ashanti Limited
AGG
http://www.anglogoldashanti.com
Gold
227
89

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$2.54 $2.52 $2.55 $2.52 $2.57 7280 $0.03 ( 1.17% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
AngloGold Ashanti Australia Limited (AGG) is a gold exploration, mining and marketing companies. AGG holds a portfolio of operations and projects on four continents. The geographic operation segments include South Africa, Continental Africa, Americas, and Australasia.
Strategy Analysis
The focus of AGG is to continuously build upon its resource base supported by its greenfields pipeline. The company also aims to grow assets that have clearly defined capital and operating costs and significant resources and reserves. If assets do not meet these criteria they are fixed or sold. The last few years have seen AGG reduce costs, boost production and eliminate their hedge book as they seek to benefit from the high gold price. Two areas of concern are the number of miner fatalities, which highlights the need for OH&S improvements, and South African power reliability (increased costs), which is critical to the operations of AGG. AngloGold Ashanti provided its September 2011 quarterly activities report, reporting record adjusted headline earnings (AHE) of $457m, or 118 US cents a share, up 51% year-on-year; net profit attributable to equity shareholders of $456m; quarterly cash inflow from operations more than doubled to $863m year-on-year; quarterly free cash flow of $300m after capex, finance costs, tax and translation impacts; net debt declined by 28% to $620m; AHE and cash inflow from operations for 9 months ended 30 September 2011 above $1bn and $2bn respectively; and total cash costs of $737/oz, well within guidance - production marginally up on previous quarter at 1.092Moz.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012 A 1,204.7 45.7 -37.0% 15.1 5.7 0.8% 0.0%
2011 A 1,573.5 72.6 1,705.7% 12.0 10.2 1.2% 0.0%
2010 A 126.9 4.0 0.0% 231.0 3.9 0.4% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Anglogold (AGG) $229M -0.3698 0.0000 0.0000 5.6187 0.0000 0.0000 2.22% 0.00% 0.00%
Evolution Mining (EVN) $806M -0.2670 0.5565 0.5278 14.1332 9.0799 5.9429 1.78% 1.73% 2.12%
Newcrest Mining (NCM) $10,723M -0.0429 0.1317 0.5580 24.8226 21.9348 14.0787 0.00% 0.00% 0.00%
Northern Star Resources (NST) $1,262M 0.2151 2.1509 0.5738 26.5586 8.4290 5.3558 1.64% 2.82% 4.76%
OceanaGold (OGC) $910M 0.0000 -0.2153 -0.3052 6.8353 8.7108 12.5366 0.00% 0.84% 0.84%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 5.55 0.93 0.00
Market 0.99 17.00 1.32 1.59
Sector 0.76 13.80 0.70 0.50

Directors

Name Position Start Date
Ms Christine Ramon Chief Executive Officer, Executive Director 01/10/2014
Mr Srinivasan Venkatakrishnan Executive Director, Chief Financial Officer, Chief Executive Officer 01/08/2005
Mr Rhidwaan Gasant Non-Executive Director 12/08/2010
Mr Rodney John Ruston Non-Executive Director 02/01/2012
Professor Wiseman Nkuhlu Non-Executive Director 01/06/2009
Ms Nozipho Patricia January-Bardill Non-Executive Director 01/10/2011
Mr Albert Garner Non-Executive Director 01/01/2015
Ms Maria Ritcher Non-Executive Director 01/01/2015
Mr Sipho Mila Pityana Non-Executive Director, Non-Executive Chairman 13/02/2007

Management

Name Position
Maria Esperanza Sanz Perez Company Secretary

Substantial Shareholders

Holding Name
153,711,993 (40.10%) Bank of New York Mellon Corporation
28,607,495 (7.46%) Paulson & Co.Inc
20,510,646 (5.35%) Allan Gray Unit Trust Management Limited
20,108,121 (5.25%) Investec Asset Management (PTY) Limited
20,050,361 (5.23%) Public Investment Corporation

Calendar of Events

Date Event
09 May 2016 Report (Quarterly)
22 February 2016 Report (Quarterly)
02 November 2015 Report (Quarterly)
10 August 2015 Report (Quarterly)
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