Latest news with #Sukari
Yahoo
14-07-2025
- Business
- Yahoo
Can AngloGold's Cost Discipline Help It Maintain Edge Over Peers?
AngloGold Ashanti plc AU continues to navigate industry-wide inflationary pressures and manages to deliver resilient cost performance, backed by its Full Asset Potential (FAP) program and increased cost vigilance at the site level. AU reported a 4% year-over-year increase in group total cash costs to $1,223 per ounce in the first quarter of 2025. But digging deeper, the increase reflected a 5% rise in inflation across its operating jurisdictions and a 5% uptick in royalty costs linked to the higher gold prices. Overall, the company saw a 7% increase in market-driven costs. Managed operations saw a 2% year-over-year decline in total cash costs per ounce despite increases in royalties. This was driven by the inclusion of Sukari following the Centamin acquisition in November 2024 and steady performance at Siguiri. These gains were partially offset by operational challenges and a temporary plant stoppage at Iduapriem. Non-managed joint ventures experienced cost pressures, with total cash costs soaring 59% year over year to $1,325 per ounce. This was due to lower gold production, higher royalties and increased open pit volume-related operating costs at Kibali. All-in sustaining costs per ounce (AISC) for the group inched up 1% year over year to $1,640 per ounce in the quarter. At managed operations, AISC per ounce dipped 2% reflecting the positive impact of Sukari's inclusion, while AISC at non-managed joint ventures increased 37% due to weaker operational performance at Kibali. For 2025, AngloGold projects group total cash costs at $1,125-$1,225 per ounce, and AISC between $1,580 and $1,705 per ounce. Both ranges indicate a 2% increase at the midpoint from the year-ago reported levels. The company remains focused on improving its position on the cost curve, leveraging the FAP program to enhance operational efficiency and productivity offsetting inflationary impacts. Its cost management appears effective, with only a 1% rise in average real cash costs over the timeframe between first-quarter 2021 and first-quarter 2025. Its peer group, which includes major gold miners like Barrick Mining Corporation B and Newmont Corporation NEM, has seen a more than 20% spike in average real cash costs. Newmont's gold costs applicable to sales rose 16% year over year to $1,227 per ounce in the first quarter. AISC was $1,651 per ounce, reflecting a roughly 15% year-over-year increase. The rise was attributed to a decline in production due to non-core asset divestments as Newmont shifts its focus to Tier 1 assets. Barrick Mining saw a 22% sequential increase in AISC to $1,775 per ounce in the first quarter due to operational challenges, higher total cash costs per ounce and an uptick in mine site sustaining capital expenditure. Lower production due to the suspension of operations at Barrick's Loulo-Gounkoto mine also contributed to the rise. AngloGold Ashanti's stock has skyrocketed 104% year to date, outperforming the Zacks Mining – Gold industry's 53% growth. During this time, the Basic Materials sector has risen 13.7% and the S&P 500 has rallied 5.9%. Image Source: Zacks Investment Research AU is currently trading at a forward 12-month earnings multiple of 9.51X, at a discount to the industry average of 12.62X. The stock has a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AngloGold Ashanti's 2025 sales is $8.85 billion, indicating 52.8% year-over-year growth. The consensus mark for the year's earnings is $4.99 per share, indicating year-over-year growth of 125.8%. The Zacks Consensus Estimate for 2026 sales implies 2.3% year-over-year growth. The same for earnings indicates a decline of 1.3%. EPS estimates for 2025 and 2026 have been trending north over the past 60 days, as seen in the chart below. Image Source: Zacks Investment Research AU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report AngloGold Ashanti PLC (AU) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Can AngloGold's Cost Discipline Help It Maintain Edge Over Peers?
AngloGold Ashanti plc AU continues to navigate industry-wide inflationary pressures and manages to deliver resilient cost performance, backed by its Full Asset Potential (FAP) program and increased cost vigilance at the site level. AU reported a 4% year-over-year increase in group total cash costs to $1,223 per ounce in the first quarter of 2025. But digging deeper, the increase reflected a 5% rise in inflation across its operating jurisdictions and a 5% uptick in royalty costs linked to the higher gold prices. Overall, the company saw a 7% increase in market-driven costs. Managed operations saw a 2% year-over-year decline in total cash costs per ounce despite increases in royalties. This was driven by the inclusion of Sukari following the Centamin acquisition in November 2024 and steady performance at Siguiri. These gains were partially offset by operational challenges and a temporary plant stoppage at Iduapriem. Non-managed joint ventures experienced cost pressures, with total cash costs soaring 59% year over year to $1,325 per ounce. This was due to lower gold production, higher royalties and increased open pit volume-related operating costs at Kibali. All-in sustaining costs per ounce (AISC) for the group inched up 1% year over year to $1,640 per ounce in the quarter. At managed operations, AISC per ounce dipped 2% reflecting the positive impact of Sukari's inclusion, while AISC at non-managed joint ventures increased 37% due to weaker operational performance at Kibali. For 2025, AngloGold projects group total cash costs at $1,125-$1,225 per ounce, and AISC between $1,580 and $1,705 per ounce. Both ranges indicate a 2% increase at the midpoint from the year-ago reported levels. The company remains focused on improving its position on the cost curve, leveraging the FAP program to enhance operational efficiency and productivity offsetting inflationary impacts. Its cost management appears effective, with only a 1% rise in average real cash costs over the timeframe between first-quarter 2021 and first-quarter 2025. Its peer group, which includes major gold miners like Barrick Mining Corporation B and Newmont Corporation NEM, has seen a more than 20% spike in average real cash costs. Newmont's gold costs applicable to sales rose 16% year over year to $1,227 per ounce in the first quarter. AISC was $1,651 per ounce, reflecting a roughly 15% year-over-year increase. The rise was attributed to a decline in production due to non-core asset divestments as Newmont shifts its focus to Tier 1 assets. Barrick Mining saw a 22% sequential increase in AISC to $1,775 per ounce in the first quarter due to operational challenges, higher total cash costs per ounce and an uptick in mine site sustaining capital expenditure. Lower production due to the suspension of operations at Barrick's Loulo-Gounkoto mine also contributed to the rise. AU's Price Performance, Valuations & Estimates AngloGold Ashanti's stock has skyrocketed 104% year to date, outperforming the Zacks Mining – Gold industry's 53% growth. During this time, the Basic Materials sector has risen 13.7% and the S&P 500 has rallied 5.9%. AU is currently trading at a forward 12-month earnings multiple of 9.51X, at a discount to the industry average of 12.62X. The stock has a Value Score of B. The Zacks Consensus Estimate for AngloGold Ashanti's 2025 sales is $8.85 billion, indicating 52.8% year-over-year growth. The consensus mark for the year's earnings is $4.99 per share, indicating year-over-year growth of 125.8%. The Zacks Consensus Estimate for 2026 sales implies 2.3% year-over-year growth. The same for earnings indicates a decline of 1.3%. EPS estimates for 2025 and 2026 have been trending north over the past 60 days, as seen in the chart below. AU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AngloGold Ashanti PLC (AU): Free Stock Analysis Report Barrick Mining Corporation (B): Free Stock Analysis Report
Zawya
10-07-2025
- Business
- Zawya
Egypt: House of Representatives greenlights Centamin's 30-year Sukari gold mine exploitation
Arab Finance: The Egyptian House of Representatives has finally approved the draft law on the exploitation of gold ore and related minerals in the Sukari gold mine, as per a statement. The draft law was submitted by the government to license the project for the Minister of Petroleum and Mineral Resources, in partnership with the Egyptian Mineral Resources Authority (EMRA) and Centamin. It grants Centamin the rights to make use of the Sukari area for a 30-year period. Accordingly, the company is fully commited to self-finance the project, without the state bearing any burdens. Also, Centamin shall carry out regular assessments of the environmental impact of its mineral activities, while complying with environmental protection, general health, and safety standards. The project aims to boost Egypt's economy, provide new jobs, and back the state's efforts to develop the mining sector. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
12-06-2025
- Health
- Yahoo
Karmanos Cancer Institute Continues Community Education Series in June: Understanding Lung Cancer Diagnosis and Treatment Options
The Community Conversations on Cancer seminar series, in partnership with the Detroit Public Library, allows Michigan residents to learn from researchers and physician-scientists DETROIT, June 12, 2025 /PRNewswire/ -- The Barbara Ann Karmanos Cancer Institute's Office of Community Outreach and Engagement (COE) continues the 2025 Community Conversations on Cancer series in June. The Road Ahead: Understanding a Lung Cancer Diagnosis and Exploring Treatment will feature a presentation from Ammar Sukari, M.D., medical oncologist, member of the Thoracic Oncology Multidisciplinary Team, member of the Molecular Therapeutics Research Program at Karmanos, and associate professor at the Wayne State University School of Medicine. Karmanos is partnering with the Detroit Public Library to present this series. This session will be held in person at the Main Branch, located at 5201 Woodward Avenue (Detroit, MI 48202) or virtually via Zoom on Wednesday, June 25, from 6 to 7 p.m. Providing a virtual option allows residents across the state to participate. "The community will be intrigued to learn about ongoing and new studies, research and treatments available that have really changed lung cancer outcomes," explained Hayley Thompson, Ph.D., associate center director of Community Outreach and Engagement, faculty supervisor of COE at Karmanos, and professor of Oncology at WSU. "Dr. Sukari and his colleagues have been at the forefront of many studies investigating more effective treatments that are helping patients overcome aggressive lung disease. Dr. Sukari will explain the difference in care that we are able to provide now versus in the past." June's session will focus on what to expect after a lung cancer diagnosis, how to determine which treatments are best, what types of treatments are being studied now, and how newer treatments compare to the standard of care. "Lung cancer is one of the most diagnosed and one of the deadliest cancers. It's preventable and we can screen for it, but in times where the disease is found in later stages, there are newer treatment options where patients have had a positive response," said Dr. Sukari. "One of the newly approved treatments that we have studied and have seen success with in and outside of clinical trials is immunotherapy." The June session will be moderated by three community leaders and partners of COE: Jim Scott, Katrina Studvent and Patrick Yankee. Scott is an active member of the Cancer Action Councils that COE supports, informing, educating, and encouraging community members to become active in cancer research taking place in Detroit. Studvent is a representative of Blare, a non-profit that provides resources and tools for individuals and caregivers impacted by chronic illness and disease through programming, navigational support and advocacy. Yankee is the chief development officer at Corktown Health, which provides primary care, behavioral health, health insurance navigation, and more. The Road Ahead: Understanding Your Lung Cancer Diagnosis and Exploring Treatment begins at 6 p.m. at the Detroit Public Library Main Branch and can be viewed virtually. Registration is required for in-person and virtual attendance. For more information and to register, click here or call 313-576-8911. Download the flyer in Arabic, English and Spanish. Additional upcoming Community Conversations on Cancer seminars: Wednesday, June 25 | The Road Ahead: Understanding a Lung Cancer Diagnosis and Exploring Treatment – Ammar Sukari, M.D. Wednesday, July 23 | The Road Ahead: Understanding a Prostate Cancer Diagnosis and Exploring Treatment – Kevin Ginsburg, M.D., MS, and Frank Cackowski, M.D., Ph.D. Wednesday, Sept. 17 | Of Mice and Women: Connecting the Dots to Strengthen Uterine Cancer Research – Michael Wilson, Ph.D. Wednesday, Oct. 22 | The Road Ahead: Understanding a Breast Cancer Diagnosis and Exploring Treatment – Hadeel Assad, M.D., and Michael Dominello, D.O. Wednesday, Nov. 5 | How to Communicate with a Doctor to Get the Information and Support You Need – Lauren Hamel, Ph.D. About the Barbara Ann Karmanos Cancer InstituteKarmanos Cancer Institute is a leader in transformative cancer care, research and education through courage, commitment and compassion. The Karmanos vision is a world free of cancer. As part of McLaren Health Care, Karmanos is the largest provider of cancer care and research in Michigan. For more than 75 years, the administrative and research headquarters, along with the premier specialty cancer hospital, have been located in downtown Detroit. With 17 network sites, Karmanos delivers world-renowned care and access to clinical trials throughout Michigan and northern Ohio. The National Cancer Institute recognizes Karmanos as one of the best cancer centers in the nation with a comprehensive cancer center designation. Its academic partnership with the Wayne State University School of Medicine provides the framework for cancer research and education – defining new standards of care and improving survivorship. For more information, call 1-800-KARMANOS (800-527-6266) or visit Follow Karmanos on Facebook, Twitter, LinkedIn, and YouTube. About the Detroit Public LibraryThe Detroit Public Library (DPL) is the largest public library system in the state of Michigan. The Main Library and its neighborhood branches make it one of the most valuable and accessible public institutions in the state. On a daily basis, our libraries assist hundreds of Detroiters by providing computer and internet access, supporting residents who want to improve their literacy skills or who are seeking employment, and by offering quality fun and educational programs and activities for children, teens, adults and seniors. View original content to download multimedia: SOURCE Karmanos Cancer Institute
IOL News
09-05-2025
- Business
- IOL News
AngloGold Ashanti reports 671% increase in headline earnings in its first quarter for 2025
AngloGold Ashanti CEO Alberto Calderon said the gold mining group had performed very strong in its first quarter to March 31, 2025. Image: Twitter AngloGold Ashanti's headline earnings soared by 671% to $447 million following a 22% increase in production in the first quarter to end March, good cost management and a rising gold price, the group said Friday. In addition to these numbers that indicate a very strong performance, AISC (all-in sustaining costs) increased by only 1%, while free cash increased by 607% to $403m. The previous guidance for the remainder of the year was reaffirmed. "This is a very strong start to the year, particularly at our managed operations," CEO Alberto Calderon said in a statement. An interim dividend of $63m or 12.5 US cents a share was declared for the first quarter, in line with the new quarterly dividend policy. AngloGold's share price had traded higher by 2.94% on Friday afternoon to R808.88 per share, a price already 77.3% higher than a year ago. The performance was supported by a 28% rise in gold production from managed operations year-on-year, primarily driven by the first-time contribution from the recently acquired Sukari Gold Mine in Egypt and solid output improvements at Siguiri and Tropicana. The average gold price received increased to $2,874/oz in the first quarter, well up from $2,063/oz in the first quarter of 2024. "We've seen strong growth in production with the addition of Sukari, and our cost control efforts continue to offset inflation, which has ensured that we capture the benefit of the higher gold price," said Calderon. AngloGold Ashanti remained committed to closing the valuation gap with its North American peers by driving continuous improvements in operating performance, enhancing cash conversion, extending life-of-mine, and maintaining a disciplined approach to capital allocation. Its portfolio continued to be actively managed to sharpen focus on its operations and projects in the US. Last week, the sale of the Doropo and ABC Projects in Ivory Coast was announced. The balance sheet also continued to strengthen. Adjusted net debt fell 60% year-on-year to $525m in the first quarter, from $1.322 billion in the first quarter of 2024. There was about $3bn in liquidity, including cash and cash equivalents of $1.5bn, at quarter end. Gold production for the group increased substantially by 22% year-on-year to 720 000 ounces, which reflected the first full-quarter contribution of 117 000 ounces from Sukari, Egypt's largest gold mine, and a 'notable uplift in consistency and reliability across the legacy portfolio,' said Calderon. The strong result was driven by a strong performance from managed operations, partially offset by operating challenges at the non-managed joint ventures.
