AU News and Press, AngloGold Ashanti Limited From 05/09/22

AngloGold Ashanti (NYSE:AU) -7% in Monday's trading after reporting Q1 adjusted EBITDA fell 2% Y/Y to $438M and production was flat while remaining on track to achieve full-year guidance. The miner said full-year guidance for production remains unchanged at 2.55M-2.8M oz, with most of the pro...

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 Sun...

Gold prices tumbled more than 2% to nearly a three-month low on Monday as the benchmark 10-year U.S. Treasury yield hit 3% for the first time since December 2018 ahead of this week's meeting of Federal Reserve policy makers. June Comex gold (XAUUSD:CUR) closed -2.5% at $1,863.60/oz, extending...

Gold futures finished higher Friday but posted its worst monthly performance in seven months, after the ICE U.S. Dollar Index touched its highest level in more than five years on Thursday. June Comex gold (XAUUSD:CUR) closed the week at $1,911.70/oz, down 1.2% for the week and 2.1% for t...

Shares of precious metals miners fell across the board Tuesday, with gold prices suffering their biggest drop in three weeks as the benchmark U.S. dollar index rose to its highest since March 2020 with growing talk of aggressive interest rate hikes from the Federal Reserve. The benchmark 10-y...

The revenues for H2 2021 were $2.064 billion, down 16.2% from a year ago. Net income was $260 million in H2 2021 compared to $550 million in H2 2020. The company indicated that it produced 1,272K Au Oz in H2 2021, down 19.4% from a year ago. AngloGold Ashanti sold 1,269K Au Oz in H2 2...

Contrary to the prevailing muddy thinking and disinformation, Russia's payment of 5,000 rubles per gram of gold DOES NOT create a gold standard. The Russian ruble is likely to continue to devalue as only proof that Russia will SELL gold at that price can tie it to gold and/or the US d...

Newmont (NYSE:NEM +4.2%) surged to an all-time high Friday and closed as one of the S&P 500's top two gainers, part of a broad rise in precious metals mining shares. Newmont shares have surged 36% YTD, as Comex gold's 5.9% rise in Q1 marked the metal's best quarterly showing since Q2 2020...

Harmony Gold posted revenue of $1,431 million in H2 2021 (fiscal H1 2022) compared to $1,451 million in H2 2020. Production guidance for 2022 has been revised downward and is now estimated to be between 1.480 Moz and 1.560 Moz. I recommend buying HMY below $4.85. For further...

Precious metals miners are in rally mode as precious metals and commodity prices surge, after Russia said reports of progress in negotiations with Ukraine are "wrong," and the dollar drops. April Comex gold (XAUUSD:CUR) +2.1% at $1,949.60/oz, bouncing from four straight daily declines, and Ma...