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AngloGold Ashanti (NYSE:AU) Sets Gold Production Target of 2.65M to 2.85M Ounces for 2024

Tue 14 Jan 25, 08:26 AM |

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Highlights

AngloGold Ashanti PLC (NYSE:AU) is a global gold mining company headquartered in the United Kingdom. With operations, projects, and exploration across nine countries on four continents, it also produces silver in Argentina and sulfuric acid in Brazil. The company's portfolio spans Africa, the Americas, and Australia.

In the third quarter of financial year 2024 (Q3FY24), the company reported a 30.8% YoY increase in revenue from product sales, reaching USD 1,491.0 million, driven by strong operational performance and a higher average gold price per ounce. Net income turned positive in Q3FY24 at USD 234.0 million, a significant turnaround from a loss of USD 222.0 million in Q3FY23, supported by higher revenue and increased interest income.

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