ANGGOLD

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Background of AngloGold

  • AngloGold Ashanti is an internationaly acclaimed gold mining company with a geographically diverse and world-class portfolio of operations and projects. Headquartered in Johannesburg, South Africa, AngloGold Ashanti is the third largest gold mining company in the world, measured by production. The company was established in 1998 when the gold and uranium interests of Anglo American Corporation of South Africa were consolidated.

  • The group has 17 gold mines in 9 countries, has several exploration programs in established and new gold producing regions and is listed on 5 stock exchanges, including its primary listing on the Johannesburg Stock Exchange (JSE). Operating regions include South Africa, Guinea, Mali, Ghana, the DRC and Tanzania, as well as South America and Australasia. In 2015, AngloGold Ashanti produced 3.95 million ounces of gold, generating USS$ 4.02 billion of income and using US$ 857 million in capital expenditure.

  • AngloGold Ashanti prides itself on being an independent gold producer with no dominant investor and a diverse array of shareholders, and AngloGold Ashanti share price has historically been a strong performer for JSE investors who buy the shares.

AngloGold Shares Growth Driver

  • AngloGold Ashanti has fallen on difficult times over the past five years due to unstable commodity prices, labour unrest and the weakening of the global economy. The management team has had to make substantial cuts on all expenditure, laying off jobs and putting several operations up for sale.

  • Throughout its history, AngloGold Ashanti has focused on working across the full spectrum of the mining value chain, with the goal to create sustainable value for shareholders, employees and partners through responsible mining practices and capital discipline. To support its core strategy, the group has five objectives, including focusing on people, safety and sustainability, optimising costs, improve the quality of its portfolio, ensuring financial flexibility and creating a pipeline of long-term opportunities.

  • Due to the turbulent market, AngloGold Ashanti share price dropped significantly over the past five years. The group has however seen an improvement in cash flow and a reduction in debt due to all the self-help measures implemented. The live online stocks chart shows that AngloGold Ashanti share price has been rapidly recovering as the share becomes a popular buy once more.

AngloGold Group Investor Tip

  • The strength of AngloGold Ashanti share price data in 2016 signals that the group has weathered the worst of the storm and has the ability to grow profits in difficult times. Investors who bought AngloGold Ashanti shares in 2015 would have seen a remarkable gain of 113%. The consensus forecast amongst analysts is that AngloGold Ashanti will outperform the market again in the near future.

  • Now looks to be a good time to buy the stock, with AngloGold Ashanti share price currently still undervalued and expected to make further gains.

AngloGold Major Shareholders

The Bank of New York Mellon, Public Investment Corporation, Investec Asset Management, Paulson & Co Inc., Van Eck Global, First Eagle Investment Management LLC.

  • Sector

    Materials

  • Industry

    Metals & Mining

  • Sub industry

    Precious Metal Mining

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Frequently Asked Questions

 

 

What is Anglogold Ashanti?

The third largest gold mining company in the world with its headquarters in Johannesburg.

 

Can you buy Anglogold Ashanti shares online?

The website of SA Shares makes it easy for you to buy JSE listed shares online.

 

Is Anglogold Ashanti a good share to buy?

With its share price currently undervalued and expected to make future gains, it appears to be a good share to buy.

 

When did Anglogold Ashanti list on the JSE?

August 1998

 

Who are the major shareholders in Anglogold Ashanti?

The Bank of New York Mellon, Public Investment Corporation, Investec Asset Management, Paulson & Co Inc., Van Eck Global, First Eagle Investment Management LLC.

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