AngloGold Ashanti's 1H2024 results reveal a 450% increase in interim dividend due to higher gold prices, operational improvements, and cost reductions.

AngloGold Ashanti's 1H2024 financial results show a 450% increase in interim dividend, driven by higher gold prices, operational improvements, and cost reductions. Gold production rose 2% YoY, cash costs per ounce fell by 1%, and free cash flow increased to $206m. The company expects stronger 2H2024 performance due to ongoing cost performance, cash conversion, and successful project development. Stronger Brazil operations and cost management contributed to a $400m swing in interim free cash flow compared to 2023.

August 06, 2024
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