$22.27 0.2 0.8%
Last Trade - 5:55pm
Market Cap | £6.59bn |
Enterprise Value | £7.17bn |
Revenue | £3.18bn |
Position in Universe | 984th / 6852 |
* Headline earnings per share more than doubles * Shareholders' payouts five times bigger * Pandemic drives 7% production drop, costs rise 6% (Adds comments from interim CEO Christine Ramon) By Helen Reid JOHANNESBURG, Feb 22 (Reuters) - AngloGold Ashanti ANGJ.J on Monday joined other global gold miners in boosting payouts to shareholders after reporting a leap in annual earnings following a 25% increase in gold prices last year. The miner declared a full-year dividend of 7.05 rand per share, more than five times the 2019 dividend when translated into U.S. cents, thanks to a weakening of the U.S. dollar against the rand last year. Headline earnings for the full-year 2020 were 238 U.S. cents per share, more than double the 91 U.S. cents per share reported in 2019. AngloGold, which has mines in Ghana, Tanzania, and Democratic Republic of Congo as well as Argentina, Australia, and Colombia, said earlier this month it expected earnings to almost triple. urn:newsml:reuters.com:*:nL4N2KF1F7 Production fell 7% in 2020 to 3.047 million ounces from 3.281 million ounces due to the COVID-19 pandemic, the sale of the remaining South African assets to Harmony Gold, as well as the sale of the Sadiola and Morila mines in Mali. All-in sustaining costs increased 6.1%, from $998 per ounce to $1059 per ounce, with most of the cost increase caused by the pandemic, AngloGold said. AngloGold Ashanti interim CEO Christine Ramon said the process for finding a permanent CEO is "well advanced." Ramon took over on Sept. 1 last year when Kelvin Dushnisky stepped down. AngloGold would be interested in acquiring the remaining 30% of Australia's Tropicana from its joint venture partner IGO IGO.AX "at the right value," Ramon said. IGO has been reviewing its stake since September. urn:newsml:reuters.com:*:nL4N2G7429 (Reporting by Helen Reid; Editing by Christian Schmollinger and Uttaresh.V) ((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))