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AngloGold Ashanti sees a rise in Q1 earnings

Monday 10 May 2021 - 6:20pm File: AngloGold recently concluded the sale of its mines in South Africa and Mali.  JOHANNESBURG - It s been a bumpy first quarter for AngloGold  Ashanti. The miner says it produced 7 percent less gold year-on-year in the first quarter. Some of this is being blamed on COVID-19 absenteeism at its Ghana and Brazil mines.

AngloGold CEO says gold miner won t be rushed into deals

By Felix Njini (Bloomberg) – AngloGold Ashanti Ltd.’s acting Chief Executive Officer Christine Ramon said the world’s No. 3 gold miner won’t be rushed into deals as the industry braces for another round of mergers and acquisitions. AngloGold won’t focus on scale for “the sake of it,” Ramon said during a panel discussion alongside the CEOs of Barrick Gold Corp. and Sibanye Stillwater Ltd., both proponents of consolidation. Barrick and Newmont Mining Corp. led a wave of mega deals two years ago and there are expectations that miners, flush with cash, will again look to expand through acquisitions.

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