Anglogold Ashanti PLC (AU) has released an update.
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AngloGold Ashanti has reported a robust third quarter in 2024, highlighted by its strongest gold production of the year from managed operations and a notable 339% increase in adjusted EBITDA compared to the previous year. The company also achieved a 17-fold surge in free cash flow, benefiting from a higher average gold price, tight cost control, and effective working capital management. The recent approval for the acquisition of Centamin plc is set to enhance its portfolio with the addition of the Sukari mine, promising further strategic and financial synergies.
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