AU - AngloGold Ashanti reports Q1 results

AngloGold Ashanti press release (NYSE:AU): Q1 Free cash flow increased to $268M from an outflow of $92M, ensuring the balance sheet remains flexible during an ongoing period of reinvestment in improving its portfolio. Q1 production flat year-on-year at 588,000oz; strong contributions from Sunrise Dam, Cerro Vanguardia, Siguiri and Tropicana. Adjusted EBITDA decreased 2% year-on-year to $438M in Q1 2022; Adjusted EBITDA margin of 43%. Adjusted net debt of $917M at 31 March 2022; Adjusted net debt to Adjusted EBITDA ratio of 0.51 times. Shares -5.2% PM.

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AngloGold Ashanti reports Q1 results