ANGLOGOLD ASHANTI LIMITED (NY: AU)
17.46 USD  UNCHANGED
Streaming Delayed Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(AU) Community Analysis from
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Related Wikinvest articles
April 20, 2014
John Paulson is bullish on AngloGold Ashanti (AU), but should you care? Perhaps, you should, if you too own and run a namesake US$3.5B hedge fund that is almost completely invested...(read more)
The other day I stumbled across an article about the dividend yields for four gold mining stocks including Anglo Gold Ashanti (AU). Before the SPDR Gold Trust (GLD) came along we used AU for our...(read more)
(market folly, 5/16/12)
We're posting up notes from the Ira Sohn Conference.  Paulson & Co founder John Paulson gave a presentation on three long ideas: Caesars (CZR), AngloGold Ashanti (AU) and CVR Energy (CVI). ...(read more)
AngloGold Ashanti (AU) Company Overview

Anglogold Ashanti Limited (JNB:ANG NYSE:AU PINK:AULGF) is a Johannesburg based mineral resource company with mining operations in Asia (China and other parts of the South East), Africa (Congo, North and South Africa, Mali, Guinea), North and South America, Russia and the USA. Though gold mining and selling is at the core of its business it also deals in silver, sulfuric acid production (sulfur oxide produced as a by product of gold mining is converted into sulfuric acid through sulfur burning and then sold to paper pulp, fertilizer and chemical manufacturers) and uranium.[1] It is the world's third largest producer of gold.[2] The company's largest project is La Colosa a mine located 150 km west of Bogota, Colombia. La Colosa has 12.3 million ounces of 2P gold reserves but isn't scheduled to start producing until 2018.

Anglogold produced 3.367 million ounces of gold in the first three quarters of 2010 which is a 1.5% decrease when compared to the same period in 2009 (3.417 million ounces) at a total production cost of US $783 per ounce, a 27.9% yoy increase (though price received per ounce went up 22.3%).[3] Though Anglogold is one of the largest gold producers in the world (produces about twice as much as the world's second leading gold company by market cap) it has relatively high production costs (for example Eldorado Gold's is less than half that of Anglogold) which has forced it to take on undesirable hedging positions (when gold rises in price, hedge exposed companies aren't able to reap as much of the benefits). In the first nine months of 2010 the gold miner lost US $714 million despite a 47.7% rise in sales (up to almost $4 billion). For the 2010 year gold production stood at 4.52 million ounces (cash cost of $638/oz, which remains relatively high in Australia ($894/oz) and Africa ($790/oz).[4]

(Read more at Wikinvest )

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