AngloGold aims to be net cash positive in 2021
The world’s third-largest gold miner is pumping cash and will reward shareholders handsomely, despite two large projects on the horizon
02 November 2020 - 11:59
AngloGold Ashanti, the world’s third-largest gold miner, doubled its dividend payment policy and aims to be net debt free as its mines pump cash and have brought net debt levels to their lowest in nine years.
AngloGold, which has sold its remaining SA mines to Harmony Gold for $300m, of which $200m cash was received in the September quarter, is primarily an Africa-focused gold miner, with mines in the Americas and Australia...
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