Welcome to my AngloGold Ashanti Review! Are you interested in knowing more about this company?
Furthermore, are you trying to get more information on how their business model works?
Well, let's explore this gold mining company and know if this investment is for you!
So, without further ado, let's review AngloGold Ashanti!
AngloGold Ashanti Summary Review
- Name: AngloGold Ashanti
- Website: https://www.anglogoldashanti.com/
- CEO: Kelvin Dushinsky
- Price: $25,000
- Rating: 4.2/5.0
What Is AngloGold Ashanti?
AngloGold Ashanti is an independent, global gold mining company with a diverse, high-quality portfolio of operations, projects, and exploration activities across nine countries on four continents.
The company is located in Johannesburg, South Africa.
More so, their principal product is gold, but they also produce silver (Argentina) and sulfuric acid (Brazil) as byproducts.
They are also considered as the third-largest gold producer globally and the largest on the African continent. Furthermore, they are producing 3.047Moz and employing an average of 36,952 people in 2020.
Now, they also have various projects in 4 continents. Below, you can see the countries that they operate in.
- Democratic Republic of Congo
- South Africa
- United States of America
Plus, each site in every countries currently employs over 60,000 people.
To create value for our shareholders, our employees, and our business, and social partners through safely and responsibly exploring, mining, and marketing our products. Our primary focus is gold, but we will pursue value-creating opportunities in other minerals where we can leverage our existing assets, skills, and experience to enhance the delivery of value.
They have six values that they adhere to which guides their decision making process.
Portfolio of AngloGold Ashanti
AngloGold Ashanti is a global gold mining company with a geographically diverse portfolio of operations and projects.
They work across the full spectrum of the mining value chain and take cognizance of the impacts our activities have on our communities and the environment.
To summarize, they mainly operate in exploration and mining of gold, silver, and uranium oxide.
The Africa region comprises five operations, of which they manage four. Furthermore, production from the Africa region increased to 1.603Moz in 2020 compared to 1.538Moz in 2019. This was largely due to record production at Geita, and solid performances at Kibali and Iduapriem.
The Americas region includes three operations, featuring both open pit and underground mining – one in Argentina and two in Brazil – and two advanced greenfield projects in Colombia. Plus, the Americas region produced 649,000oz at a total cash cost of $721/oz. for the year ended 31 December 2020.
AngloGold Ashanti has two operations in its Australia region, Sunrise Dam and Tropicana, both of which are in the north-eastern goldfields of the state of Western Australia. The region produced 554,000oz in 2020.
Mineral Resource and Ore Reserve
AngloGold Ashanti strives to actively create value by growing its major assets – the Mineral Resource and Ore Reserve.
This drive is based on active, well-defined brownfields and greenfield exploration programs, innovation in both geological modeling and mine planning, and continual optimization of the asset portfolio. Furthermore, ensuring a viable Mineral Resource and Ore Reserve pipeline will enable the delivery of sustained value-adding growth in the long term.
Their exploration programs cover Greenfields and brownfields exploration. Furthermore, they are based on consistent standards and processes across the AngloGold Ashanti portfolio and are guided by peer review.
Greenfields exploration aims to discover large, high-value Mineral Resource, which will eventually lead to the development of new gold mines. So, their three main greenfield are Quebradona, La Colosa, and Gramalote.
Brownfields exploration focuses on delivering value through accretive additions to the Ore Reserve at existing mines as well as new discoveries in defined areas around operations.
Technology and Innovation
AngloGold Ashanti can maintain flexibility in responding to changes in our operating environments due to technology and innovation.
Plus, they use technological innovation to implement solutions that ensure their workplaces are safe, employees are healthy, motivated, and equipped to do their jobs, and that our processes are efficiently optimized.
Gold is a naturally occurring metal, coveted throughout history as a symbol of wealth, beauty, and an endurable form of currency.
Plus, it has many unique qualities – it is exceptionally malleable and ductile, conductive, and does not corrode or tarnish. Furthermore, Gold also combines well with other metals to form an alloy.
Its versatility makes it ideal for use in many industrial applications. Plus, its application as a nanomaterial is being used to create new solutions for different health and environmental challenges.
Furthermore, they also produce silver and sulfuric acid. Unfortunately, if you want to earn money with them you can only do so through investing in them in the stock market. Below, you can find the stock exchanges that they are listed in:
- New York Stock Exchange (NYSE)
- London Stock Exchange (LSE)
- Johannesburg Stock Exchange (JSE)
- Australian Securities Exchange (ASX)
- Ghana Stock Exchange (Accra, GSE)
- Euronext Paris (Paris Bourse)
- Brussels Stock Exchange (BSE)
Investing in AngloGold Ashanti
AngloGold Ashanti presents an attractive investment value proposition.
As the world’s third-largest gold producer company, AngloGold Ashanti has a significant asset base, with detailed strategic plans to unlock and grow production to between 3.2Moz and 3.6Moz by 2025.
Key Strategic Focus Areas
- Focus on people, safety, and sustainability
- Ensure financial flexibility
- Optimize overhead, costs, and capital expenditure
- Improve portfolio quality
- Maintain long-term optionality
Reviews and Ratings (2023)
Since AngloGold Ashanti does not directly deal with regular customers, there is no customer reviews of them online. However, we can see how they treat their employees through the reviews employees leave about them.
- Glassdoor - 4 out of 5 based on 561 reviews
- Indeed - 4.1 out of 5 based on 614 reviews
- Seek - 3.6 out of 5 based on 57 ratings
Since you can only earn with this company through the stock market, we should also check out the performance of their stock. Below, you can see the 1 year performance of their stock.
The recent trend seems to indicate a strong buy for this stock. Furthermore, it seems that they are already on the way to recovering their previous stock value. However, there is no guarantee that they will continue this positive trend. So, invest at your own risk.
What I Like About AngloGold Ashanti
They try to be environment-friendly
AngloGold Ashanti does mining, and mining has a direct impact on the environment due to the need to access land and water resources.
So, they have environmental management systems that enable them to proactively identify and manage the potential environmental risks associated with their activities and to meet their compliance obligations and voluntary commitments.
They are concern about the employees and the general public
The health and safety of their employees and host communities are central to the company's ability to operate sustainably.
So, they help build livelihoods in host communities, they work with a range of stakeholders at the local and national level, on projects and initiatives in the areas of health, education, infrastructure, and business development, among others.
What I Don't Like About AngloGold Ashanti
It is not for everyone
Sadly, AngloGold Ashanti is not for everyone.
You can invest through the stock market, however, the risk is that you are going to invest in a company rather than the precious metals themselves.
So, it is much riskier and you may gain or lose money anytime as compared to how precious metals maintains your portfolio.
Is AngloGold Ashanti a good buy?
Investing in AngloGold Ashanti shares is a fantastic idea, especially seeing that the company is the third biggest gold producing company in the world. However, if you want a more stable and secure investment than stocks then I recommend you read my other reviews on precious metals company. Below, I have listed some companies that you should check out!
However, my most recommended is Goldco. So, go ahead and check them out!
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I hope you liked our review of AngloGold Ashanti! 🙂