AngloGold Ashanti AU reported subpar first-quarter results ..... results will reverse going forward, as AngloGold anticipates increased production from ..... Srinivasan Venkatakrishnan. Still, AngloGold 's cost position is too high, which
Good afternoon, ladies and gentlemen, and welcome to the presentation of our First Quarter Results for 2013. Just a few words of welcome; first we have, just to welcome our Chairman, Mr. Tito Mboweni and our Board of Directors who are sitting out in the audience among you. We also have several ...
mineworkers union will propose a double-digit pay raise. South African producers including Gold Fields ( GFI ), Harmony Gold ( HMY ) and AngloGold ( AU ) have already warned that cuts and a slowdown in exploration are on the way. Post your comment!
Investors appear to like AngloGold 's ( AU +3.2% ) promotion of longtime finance chief Srinivasan Venkatakrishnan to CEO, effective immediately. Venkat offers a "seamless
As cheaper gold makes South African mines unprofitable to operate, Goldman Sachs slaps Sell ratings on AngloGold ( AU -1.2% ) and Sibanye ( SBGL -5.1% ) due to their high exposure to the country. The firm also thinks attempts to reduce
have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall . Citi worries about AngloGold ( AU ) because negative free cash flow would hit its "already stretched balance sheet," but Harmony Gold ( HMY ) has the balance
starting to defend beaten-down gold miners, as Deutsche Bank upgrades South Africa's Gold Fields ( GFI +2.6% ) and AngloGold ( AU +1.1% ) to Buy from Hold. While the firm says the stocks look more expensive vs. spot gold (25x FY14 estimates
precious metals. Rio Tinto ( RIO ) -4.5% premarket, BHP Billiton ( BHP ) -3.6% , Barrick Gold ( ABX ) -3.6% , AngloGold ( AU ) -5.2% , IAMGold ( IAG ) -1.2% , Gold Fields ( GFI ) -5% , Goldcorp ( GG ) -3.9% , Kinross ( KGC ) -5.1
AngloGold 's ( AU ) proposal to split its South African assets from its ..... Paulson, whose hedge fund is the largest investor in AU , said the reorganization would boost the stock's value. AU -1.1% premarket. Post your comment!
By Stephan Dube: As part of the world's top six gold producers series , the last article was discussing about AngloGold Ashanti ( AU ) ranked 3rd. Today, we will look at the 2nd ranked gold producer in the gold industry ( GLD ). This article will provide