• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

AngloGold Ashanti Reports Strong Earnings Growth, Free Cash Flow Nears $1 Billion in 2024

5 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Mining
1 min read
0 0
0
93
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

AngloGold Ashanti Reports Strong Earnings Growth, Free Cash Flow Nears $1 Billion in 2024

AngloGold Ashanti plc (AGA) has reported significant year-on-year improvements in earnings and free cash flow for 2024, driven by strong cost control measures and record gold production in the fourth quarter.

The company’s free cash flow surged to $942 million in 2024, up from $109 million in the previous year. Adjusted EBITDA rose by 93% to $2.75 billion, reflecting higher revenues and disciplined capital management.

“The significant growth in free cash flow—to almost a billion dollars in 2024—is a result of our focus on operational efficiency and cost control, allowing us to capitalize on a strong gold price,” said CEO Alberto Calderon. “With a robust balance sheet and continued investment in the business, we are in a position to enhance shareholder returns through a more generous dividend policy.”

Stronger Earnings, Higher Dividend

  • Headline earnings reached $954 million (221 US cents per share), reversing a $46 million loss (11 US cents per share) in 2023.
  • The average gold price received rose 24% to $2,394/oz, up from $1,930/oz in 2023.
  • Interim dividend of $347 million (69 US cents per share) declared for H2 2024, bringing the total 2024 payout to $439 million (91 US cents per share).
  • Gold production increased to 750,000oz in Q4 2024, including 40,000oz from the newly acquired Sukari mine, compared to 738,000oz in Q4 2023.

Despite inflationary pressures, cost increases remained moderate. Total cash costs per ounce rose 9% to $1,144/oz in Q4 2024, while All-In Sustaining Costs (AISC) increased 3% to $1,647/oz.

2025 Outlook

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Following the successful integration of Sukari, AngloGold Ashanti has provided its 2025 production guidance, forecasting:

  • Gold output between 2.90Moz and 3.23Moz
  • Total cash costs between $1,125/oz and $1,225/oz
  • AISC between $1,580/oz and $1,705/oz
  • Capital expenditure between $1.62bn and $1.77bn

The company remains focused on enhancing operational efficiency and shareholder returns as it enters 2025 with a strengthened financial position.

Tags: AngloGoldAngloGold Ashanti Reports Strong Earnings GrowthFree Cash Flow Nears $1 Billion in 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.