AngloGold Ashanti (AU)

$40, Market Cap of $60 billion.


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Description

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties.

The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Cรดte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania, and the United States.

The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa.

Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.


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Website

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Wall Street & Bay Street

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Contacts

Andrea Maxey
+61 08 9425 4603 / +61 400 072 199
amaxey@aga.gold

General inquiries
media@anglogoldashanti.com


Disclaimer

Forward-looking statements

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashantiโ€™s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashantiโ€™s exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashantiโ€™s liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashantiโ€™s financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as โ€œbelieveโ€, โ€œexpectโ€, โ€œaimโ€, โ€œanticipateโ€, โ€œintendโ€, โ€œforeseeโ€, โ€œforecastโ€, โ€œpredictโ€, โ€œprojectโ€, โ€œestimateโ€, โ€œlikelyโ€, โ€œmayโ€, โ€œmightโ€, โ€œcouldโ€, โ€œshouldโ€, โ€œwouldโ€, โ€œseekโ€, โ€œplanโ€, โ€œscheduledโ€, โ€œpossibleโ€, โ€œcontinueโ€, โ€œpotentialโ€, โ€œoutlookโ€, โ€œtargetโ€ or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashantiโ€™s actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Companyโ€™s internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashantiโ€™s annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashantiโ€™s actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashantiโ€™s future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.

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