Member Info for Falcon01

It appears ii are trying to pull a fast one. There is no mention on the Anglogold website about a special dividend payment or two separate payments.

see link here: https://www.anglogoldashanti.com/investors/shareholders/dividends/

I hold AU in both Trading 212 and ii. I was fully credited the 80cents on the 5/9/25 in my 212 account. Awaiting a reply to my email to ii.

Au pre-market @ $62.80 as i type this message. Earlier prediction of $63 about to be hit today.

My earlier post of 3/9/25 @ 11.34

Pre-market AU is trading @ $60.14. JP Morgan broker target $63.0 (15/7/25) This could easily reach that target by before 18/9/25(FED interest rate decision). Hold on tight this a rocket ship ride to the moon.

** U.S.-listed shares of gold miners rise premarket, tracking higher bullion prices

** Spot gold GOLD up 0.2% at $3,539.93/ounce, after hitting an all-time high of $3,546.99 earlier in the session

** Gold prices edged higher on growing expectations of a Federal Reserve rate cut this month and lingering political and economic risks

** Top miners Newmont NEM and Barrick Mining ABX rise 0.5% and 0.8%, respectively

** South African miners: Gold Fields GFI rises 2.2%, AngloGold Ashanti AU gains 3.3%, Harmony Gold HAR up 3.8% and Sibanye Stillwater

SSW rises 4.2%

Pre-market AU is trading @ $60.14. JP Morgan broker target $63.0 (15/7/25) This could easily reach that target by before 18/9/25(FED interest rate decision). Hold on tight this a rocket ship ride to the moon.

The SP has just hit a 14 year high of $52.16 as at 16.11

Can any one confirm we have changed to quarterly payment of dividends. Q1 dividend of 12.5c was paid on 13/6/25, and the Q2 results confirmed a div of 80c, which according to the AU website will go ex div 22/8/25 and paid 5/9/25. I presume we have 2 more div payments of not less than 12.5c due in Q3 and Q4, making a minimum payment for the FY 25 year of $1.175.

4/6/25 RBC Capital Adjusts Anglogold Ashanti Price Target to $53 From $41, Maintains Outperform Rating.

Anglogold Ashanti AU said Monday it agreed to sell its stake in Mineracao Serra Grande gold mine in Goias, Brazil, to Aura Minerals for $76 million and deferred consideration payments.

The deferred consideration payments will be equivalent to 3% net smelter return participation over the current mineral resource of the asset, paid quarterly in cash, Anglogold said.

The sale excludes certain subsidiaries of Mineracao Serra Grande that hold assets not forming part of the mining operations. The subsidiaries will remain with Anglogold group and will be transferred through a spin-off prior to closing, according to the statement.

The sale is expected to close in Q3, the company said.

Shares were over 4% higher in recent premarket activity.

28/4/25 -( 15.05 GMT) AngloGold Ashanti Price Target Raised to $53.00/Share From $33.00 by JP Morgan and maintained at overweight.

As Del Boy would likely say, "This time next year, we'll be millionaires!"

Good luck to all the HODLers here. DYOR.

Part 2

Higher gold prices, coupled with operational and efficiency improvements, were mainly instrumental in driving year-over-year gains in earnings and free cash flow in 2024 despite inflated costs. The free cash flow rose to $942 million in 2024 from $109 million in 2023. Earnings were $2.21 per share for 2024 against a loss of 11 cents for 2023.

Gold production for 2025 is projected at 2.9-3.225 million ounces. This suggests year-over-year growth of 9-21%. For 2026, the company expects similar output levels as in 2025.

AngloGold Ashanti Sees Downward Estimate Revision Activity

The Zacks Consensus Estimate for AU’s 2025 sales is at $7.27 billion, suggesting 25.5% year-over-year growth. The consensus mark for the year’s earnings is at $2.49, indicating year-over-year growth of 12.7%. The Zacks Consensus Estimate for sales for 2026 suggests 10.4% year-over-year growth. The same for earnings indicates growth of 7.4%.

However, EPS estimates for 2025 and 2026 have been trending south over the past 60 days, as seen in the chart below. This reflects declining confidence among analysts in AU’s earnings growth capabilities. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

AU’s Lofty Valuation

AngloGold Ashanti is currently trading at a forward 12-month earnings multiple of 17.34X, a premium to the industry average of 16.88X. It is also higher than its five-year median. With a Value Score of D, the stock may not present a compelling value proposition at these levels.

Meanwhile, Kinross Gold, Newmont and Barrick Gold are cheaper plays, which are trading below the industry at 15.91X, 14.18X and 12.41X, respectively.

AngloGold Ashanti’s Average Target Price Suggests Downside

The average price target on AU suggests a 12.4% decline from its last closing price of $43.14. The highest target of $42 also implies a dip of 2.6%.

AU & Gold Field Joint Venture Faces Setback

As of Dec. 31, 2024, AngloGold Ashanti had a diverse portfolio, including 11 operating assets in Argentina, Australia, Brazil, the Democratic Republic of the Congo, Egypt, Ghana, Guinea and Tanzania. These operating assets were supported by greenfields projects in Colombia, Côte d’Ivoire and the United States, and a focused global exploration program, including exploration in the United States.

The company’s proposed joint venture (announced in May 2023) with Gold Fields to combine their Tarkwa and Iduapriem gold mines remains on hold as they have not yet obtained the requisite approvals from the Ghana government. This is expected to create the largest gold mine in Africa, with an extended life, higher production and lower costs.

Final Take on AngloGold Ashanti Stock: Buy, Hold or Sell?

While AU is poised to benefit from the current surge in gold prices and higher production expectations, increased costs are headwinds. AngloGold Ashanti’s stalled ambitions to build Africa’s largest gold mine continue to weigh on inv

Rising Gold Prices: The yellow metal has gained 26% year to date, riding on the escalating tariff tensions and geopolitical uncertainties. Gold briefly hit a record high of $3,500 yesterday before settling lower at $3,370 an ounce as U.S. Treasury Secretary Scott Bessent said he expects a de-escalation in the trade conflict with China soon, calling the prolonged tariff standoff unsustainable. This fueled optimism in stocks and strengthened the dollar.

Gold prices are likely to continue to gain in this uncertain environment, with increased purchases by central banks, hopes of interest rate cuts and geopolitical tensions.

Completion of Centamin Acquisition: In November 2024, AngloGold Ashanti completed the acquisition of Egyptian gold producer Centamin, adding the large-scale, long-life, world-class Tier 1 asset (Sukari) to its portfolio. It has the potential to produce 500,000 ounces annually. The acquisition also added prospective exploration properties in Egypt’s Eastern Desert and projects in Côte d’Ivoire.

Following the acquisition of Centamin, AngloGold Ashanti’s mineral reserves were 31.2 million ounces at the end of 2024.

Lowest Leverage Since 2011: Despite the Centamin acquisition, AngloGold Ashanti ended 2024 with an adjusted net debt to adjusted EBITDA of 0.21, which is the lowest since 2011. The company had $2.6 billion in liquidity, including cash and cash equivalents of $1.4 billion as of Dec. 31, 2024. Its debt-to-capital ratio was 0.23 at the 2024 end compared with 0.38 at the 2023 end.

AU’s board of directors recently approved a revised dividend policy, per which it will target a 50% payout of free cash flow, subject to maintaining an adjusted net debt to adjusted EBITDA of 1.0X. The revised policy introduces a base dividend of 50 cents per share per year. AU’s current payout ratio of 18.55% is lower than the industry’s 29.68%.

AU Delivers Upbeat 2024 Results, Cost Concerns Linger

The company’s total gold production in 2024, including a contribution of 40,000 ounces from Sukari, was 2.661 million ounces. AngloGold Ashanti sold 2.679 million ounces of gold, a 2% year-over-year rally. The company’s gold income rose 27% to $5.67 billion in 2024, which was mainly driven by a 24% increase in the average gold price.

The company has been facing pressures on labor, material and contractor costs, and the impacts of higher royalties paid. Total cash costs per ounce for the company rose 4% year over year to $1,157 per ounce in 2024. Total cash costs have seen a CAGR of 4.8% over 2022-2024.

All-in-sustaining costs per ounce (“AISC”) for AU rose 4% year over year to $1,611 per ounce in 2024. The company’s AISC has grown, witnessing a CAGR of 6.2% over 2022-2024. AngloGold Ashanti, meanwhile, remains focused on its Full Asset Potential program to offset the inflationary impacts.

https://www.tradingview.com/news/zacks:aa60aac3f094b:0-au-stock-soars-87-ytd-too-hot-to-handle-or-a-golden-opportu

The share price of AU has rallied from a low of $32.70 on 7/4/25 to a premarket price today $46.63, an incredible 42%+ gain.

Gold price has moved over the same 9 day period from $2956 to an ATH of $3317.72 today (12.10% increase).

$42 was the price target for Anglo Gold by Scotiabank 2 days ago 14/4/25, they raised it from $34. It's probably $50 PT today.

From bloomberg - 14/4/25 Goldman analysts including Lina Thomas now see gold rallying to $3,700 an ounce by the end of this year — with prices set to hit $4,000 an ounce by mid-2026 — while UBS strategist Joni Teves pointed to $3,500 an ounce by December 2025, according to two separate notes on Friday. PROBABLY OUT OF DATE BY TODAY!!!1

Anyone holding AU shares on interactive investor platform received their dividends yet? Also should 15% withholding tax be deducted from the payment?

Premarket opening trading @ $29.73 ($4 below its recent high of $33.77)

New Dividend Policy Improves Competitiveness As a result of improved operational fundamentals, a robust

balance sheet, and increased confidence in the Company’s outlook, the Company’s Board of Directors has approved a

revised dividend policy aimed at delivering enhanced and sustainable shareholder returns. Under the new policy, AngloGold Ashanti will target a 50% payout of free cash flow, where free cash flow is defined as operating cash flow less capital expenditure of managed operations, subject to maintaining an adjusted net debt to adjusted EBITDA ratio of 1.0 times.

Additionally, the revised policy introduces a base dividend of $0.50 per share per annum, payable in quarterly increments of $0.125 per share. This base dividend represents the minimum payout, ensuring a stable return to shareholders even through commodity price cycles. This enhanced policy reflects the Company’s commitment to strong capital discipline, financial resilience, and delivering long-term value to shareholders, while providing greater predictability and downside protection in varying market conditions.

Https://thevault.exchange/?get_group_doc=143/1739957070-YearEnd2024Presentation.pdf

The same here, received the cash element of the deal on 4/12/24 but no shares of AU yet. I'm with ii.

Cooperman21 That does not make sense. For every 1 CEY share whatever the SP at the time of purchase you will receive 0.06983 of AU shares PLUS 12.50cents cash payment. Therefore the cash element is addition to the AU share. That is my understanding.

Can anyone confirm my calculation regarding the cash part of the offer. The 12.50cents cash offer for each CEY share which I believe we get paid on after the 5/12/24 (21 days from now)equates to 9.9p (FX GBP:USD 1.2631). Therefore with SP @ 137p, if you were to buy now, the cash element is worth 7.23%(simple interest ) but a whopping 125% annulaised.

My post of 7/9/23 16.10

A simple mathematical calculation of what the current SP should be based on the post Rights and consolidation TERP of 343p is 343/20= 17.5p or more pessimistically based on subscription 197/20= 9.85p

Patience is a virtue

DYOR and good luck.