Higher gold price boosts AngloGold’s headline earnings, free cash flow
Global gold mining company AngloGold Ashanti has reported a nine-fold year-on-year increase in free cash flow to $942-million for the financial year ended December 31, while adjusted earnings before interest, taxes, depreciation and amortisation increased by 93% year-on-year to $2.75-billion. CEO Alberto Calderon attributed the increase in free cash flow to the group’s focus on continued operational and efficiency improvements which, in turn, allowed it to “capture the benefit of a healthy gold price”.
Global gold mining company AngloGold Ashanti has reported a nine-fold year-on-year increase in free cash flow to $942-million for the financial year ended December 31, while adjusted earnings before interest, taxes, depreciation and amortisation increased by 93% year-on-year to $2.75-billion. CEO Alberto Calderon attributed the increase in free cash flow to the group’s focus on continued operational and efficiency improvements which, in turn, allowed it to “capture the benefit of a healthy gold price”.
