🕐02.11.09 - 07:20 Uhr
AngloGold Ashanti: Q3 2009 Earnings Results Release
Dear Ramin Farzanehfar
Q3 2009 Earnings Results
Report to shareholders for the quarter and nine months ended 30
September 2009
Group results for the quarter ...
- Adjusted headlines earnings, normalised to exclude hedge buybacks,
at $163m.
- Gold production rises 5% to 1.187Moz, following fewer safety
interruptions.
- Uranium production rises 10% to 366,000 pounds.
- Total cash costs of $534/oz provide solid operating margin despite
sharply stronger operating currencies.
- Vaal River operations improve following management intervention.
- Geita and Ghana operations continue to deliver on turnaround
strategy.
- South America delivers 9% growth in production, limits cost
increases, despite currency strength.
- Major hedge restructuring completed before recent gold price rally;
committed ounces now less than annual production at 4.3Moz.
Events post quarter-end ...
- Annual guidance reviewed to 4.55Moz-4.6Moz to factor in lower South
African production.
- Joint venture formed with De Beers to explore for marine gold
deposits.
- Acquisition concluded for the purchase of 35% stake in Moto Gold
Project.
Please note that both the earnings presentation, which will begin at
10:00 (GMT +2), and an earnings conference call, which will begin at
16:00 (GMT +2), will be available via webcast.
Please see
www.anglogoldashanti.com for further details.
Web site: http://www.anglogoldashanti.co.za/
Full results:
http://www.anglogoldashanti.co.za/Reports/Financial/Quarterly+Reports/Fi
nancial+Results.htm
Conference call:
http://www.corpcam.com/AngloGold/AngloGoldAshanti_02112009.htm
Press releases:
http://www.anglogoldashanti.co.za/Press/Press+Releases.htm
Press Releases
-----------------
AngloGold Ashanti output up 5% on Geita, Vaal River turnarounds -
http://www.anglogold.co.za/Additional/Press/2009/20091102_Q3Release.htm
AngloGold Ashanti Limited acquires 50% of Moto Goldmines pursuant to a
back to back agreement with Randgold Resources Limited -
http://www.anglogold.co.za/Additional/Press/2009/AngloGold+Ashanti+Limit
ed+acquires+50percent+of+Moto+Goldmines.htm
AngloGold Ashanti and De Beers form joint venture in marine exploration
and mining -
http://www.anglogold.co.za/Additional/Press/2009/AngloGold+Ashanti+and+D
e+Beers+form+joint+venture+in+marine+exploration+and+mining.htm
Reports
---------
Report for the quarter and three months ended 31 March 2009 -
http://www.anglogold.co.za/Reports/Financial/Quarterly+Reports/Quarterli
es+Mar+09.htm
Report for the quarter ended 30 September 2009 -
http://www.anglogold.co.za/Reports/Financial/Quarterly+Reports/Quarterli
es+Sep+09.htm
Report for the quarter ended 30 June 2009 -
http://www.anglogold.co.za/Reports/Financial/Quarterly+Reports/Quarterli
es+Jun+09.htm
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