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    Investec Analyst

    Managing Director and Senior Equity Analyst at Investec

    Geoffrey Bick is a Managing Director and Senior Equity Analyst at Investec, specializing in coverage of the automotive, industrial, and capital goods sectors. He provides in-depth research and analysis on prominent companies such as Barloworld Limited, Super Group, Imperial Logistics, and Bidvest Group, consistently delivering well-performing investment recommendations. Bick joined Investec in 2006, after spending several years in equity research at Standard Bank and other financial institutions, building a respected track record for high accuracy and client trust, frequently ranking at the top in local analyst surveys. He carries professional credentials including being a CFA charterholder and registration with relevant South African financial authorities, further solidifying his standing as a leading analyst in his field.

    Investec Analyst's questions to AngloGold Ashanti (AU) leadership

    Investec Analyst's questions to AngloGold Ashanti (AU) leadership • Q1 2025

    Question

    An analyst from Investec asked about the company's stance on hedging gold prices and its current perspective on mergers and acquisitions (M&A).

    Answer

    CEO Alberto Calderon reiterated the company's policy is not to hedge gold production, viewing it as speculation. On M&A, he stated the company's primary focus remains internal on operational discipline, cost control, and integrating Sukari, with the business development team concentrated on divestitures rather than acquisitions.

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