PRECIOUS METALS

Dushnisky leaves AngloGold after short stint as CEO

Just two years after taking the reins as CEO of gold heavyweight AngloGold Ashanti, Kelvin Dushnisky is exiting.

Staff reporter
Departing AngloGold Ashanti CEO, Kelvin Dushnisky

Departing AngloGold Ashanti CEO, Kelvin Dushnisky

No reason for the exit was provided in a company statement that thanked the outgoing CEO for his efforts.
 
It noted that Dushnisky "will remain in Toronto to spend time with his family but will be available to assist the group with a smooth handover until 28 February, 2021".
 
Ahead of finding a replacement, AngloGold's CFO Christine Ramon has been appointed interim CEO.
 
AngloGold is the third-largest gold producer globally and the largest on the African continent, producing 3.3 million ounces and employing 34,263 people in 2019.
 
All-in sustaining costs last year were US$998/oz.
 
Last year it operated 14 mines on three continents.
 
Shares in AngloGold on the ASX were down 8% to A$9.36 in morning trade, capitalising the company at $19.5 billion. 

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.