Latest news with #RhidwaanGasant
Yahoo
14-06-2025
- Business
- Yahoo
AngloGold Ashanti (NYSE:AU) Reports Net Income Rise to US$443 Million in Q1 2025 Earnings
AngloGold Ashanti experienced significant board changes with the resignation of Rhidwaan Gasant, a shift that coincided with its 58% price increase last quarter. Contributing to this upward trajectory, the company announced robust Q1 2025 earnings, with net income rising to $443 million from $58 million, driven by strong gold production. Furthermore, the new dividend policy introduced a significant cash commitment, potentially attracting investor interest. Despite a flat market over the past week, these company-specific developments likely bolstered AngloGold's share performance distinct from broader trends. We've discovered 2 weaknesses for AngloGold Ashanti that you should be aware of before investing here. Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. The recent board changes at AngloGold Ashanti, along with a substantial 58% share price rise last quarter, underscore the company's momentum amid significant operational shifts. The shift in leadership coincides with robust Q1 earnings of US$443 million, reflecting strong gold production and suggesting potential positive impacts on future revenue trajectories. The restructuring of the board and introduction of a new dividend policy may attract further investor interest, potentially boosting AngloGold's capital inflow and market standing. Over the past three years, AngloGold Ashanti's total return to shareholders, encompassing both share price appreciation and dividends, soared by 240%. This long-term performance provides context to its recent gains and highlights the company's growth strides. However, this rise exceeds both the broader market and industry benchmarks over the past year, demonstrating a competitive edge. Notably, the US Metals and Mining industry returned 11.2% over the same period. The ongoing integration of Centamin and focus on operational efficiencies are expected to fuel revenue and earnings growth. However, the company's share price of US$44.07 trades slightly above the consensus analyst price target of US$43.0, reflecting a minor 2.5% premium. This could suggest that the market has already priced in some optimistic growth expectations. As AngloGold leverages these internal changes, the alignment of these forecasts with actual performance remains crucial for sustaining investor confidence. Click to explore a detailed breakdown of our findings in AngloGold Ashanti's financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:AU. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
Results of the Company's Annual General Meeting 2025
LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--Following the Annual General Meeting (' AGM ') held at 9:00am (Mountain Daylight Time) on Tuesday 27 May 2025, AngloGold Ashanti plc (the " Company" or " AngloGold Ashanti") announces the results of the poll vote for each resolution set out in the notice of AGM published on 7 April 2025 (the ' Notice of AGM '). The full text of the resolutions proposed at the AGM is included in the Notice of AGM. All of the resolutions were passed as ordinary resolutions. A copy of the poll results for the AGM, along with the Notice of AGM, is available on the AngloGold Ashanti website at 1. Votes 'for' include those votes giving the Chair discretion. 2. For all relevant purposes votes which are 'withheld' or 'abstained' are not votes in law and are not counted in the calculation of the proportion of votes for and against each resolution. Expand On 4 April 2025, the record date as set out in the Notice of AGM, there were 504,087,287 ordinary shares in issue. Shareholders are entitled to one vote per share on a poll. Corporate update Further to the announcement made on 20 December 2024, the Company confirms that Rhidwaan Gasant has stepped down from the Board on 27 May 2025. Other than fees accrued up to the date he ceased to be a director, no other remuneration payment will be made by the Company to Rhidwaan Gasant after he ceases to be a non-executive director, nor will any payment for loss of office be made. The previously announced appointment of Alan Ferguson as Lead Independent Director and Diana Sands as Chair of the Audit and Risk Committee also took effect on 27 May 2025. JSE Sponsor: The Standard Bank of South Africa Limited
