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AngloGold ups cash but questions persist

Higher gold prices and increased mine efficiency have helped AngloGold Ashanti generate US$159 million in free cash over the second half of the year – an increase of 35% year on year – but conservative guidance for 2020 suggests the Johannesburg-listed player remains a work in progress.

Tom Hoskyns
The Mponeng gold mine, which AngloGold has sold to Harmony Gold, is located in the West Wits mining district, south-west of Johannesburg, South Africa

The Mponeng gold mine, which AngloGold has sold to Harmony Gold, is located in the West Wits mining district, south-west of Johannesburg, South Africa

Analysts at Canadian bank RBC Capital noted free cash flow would have been considerably higher were it not for issues with "cash lock ups" in DRC and Tanzania. "FCF would have been US$246 million without...

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