Tag: Anglogold ashanti

AngloGold Ashanti to delist from the ASX.

AngloGold Ashanti to voluntarily delist from the ASX

AngloGold Ashanti Limited (ASX: AGG) has received formal approval from the Australian Securities Exchange (ASX) to be delisted from the ASX, with the expected date being Tuesday 27 June 2023. The company will continue to trade on the Johannesburg Stock Exchange (JSE) and A2X, on the New York Stock Exchange (NYSE) and on the Ghana Stock Exchange (GhSE). The company cites “ongoing low trading frequency and low volumes of its securities traded on the ASX compared to that of, in particular, the JSE and NYSE”. AngloGold Ashanti wholly-owns the Sunrise Dam operation and has a 70% holding in and manages the Tropicana mine, with Regis Resources holding the remaining 30%, which it acquired from IGO on 31 March 2021.

Sunrise Dam: strong finish

Sunrise Dam: strong finish

ANGLOGOLD Ashanti’s assets have performed well in 2019, with overall production ncreasing by 7pc in the first quarter from 801,000oz from 752,000oz – despite a drop in production at Sunrise Dam in WA. At Sunrise Dam, production was 11pc lower at 136,000oz for the first six months ended une 30, 2019, compared to 153,000oz during the same period last year. The drop in production was due to a lower mill feed grade and lower metallurgical recovery from the ore mined. The drop at Sunrise Dam, plus lower grades and plant throughput from the company’s Siguiri asset and a planned production decrease at the Cerro Vanguardia site, was partially offset by strong improvements from Kibali, Iduapriem, Geita and Tropicana. Chief executive…