Anglogold Ashanti PLC (AU) has released an update.
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AngloGold Ashanti PLC has reported a solid first half of 2024 with a 2% increase in gold production and a decrease in total cash costs per ounce, marking significant improvements in cash flow and earnings, primarily due to a robust performance of its operations in Brazil. The company’s free cash flow showed a dramatic shift from a $205 million outflow to a $206 million inflow year-on-year, and they have declared an interim dividend of 22 cents per share, a significant rise from 4 cents in the previous year. These results are underpinned by a higher average gold price received and proactive cost management, with expectations of continued improvements in the latter half of the year.
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