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High gold prices underpin AngloGold’s financial performance

From miningweekly.com

JSE-, ASX- and NYSE-listed AngloGold Ashanti nearly doubled its free cash flow to $127-million for the financial year ended December 31, as well as increased its dividend, as a higher gold price and improved efficiencies helped ensure exceptional performances at a number of its key mines. AngloGold’s safety performance was also the best on record, with a fatality-free 2019, the first time in its history.During a conference call following the release of the results, the company indicated that this aligned with a consistent safety performance. It assured stakeholders that it would focus on safety to ensure zero harm. ... (full story)

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  • Category: Fundamental Analysis