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    Martin Creamer • MiningWeekly

    Martin Creamer's questions to Anglogold Ashanti PLC (AU) leadership

    Martin Creamer's questions to Anglogold Ashanti PLC (AU) leadership • Q2 2024

    Question

    Martin Creamer of MiningWeekly asked via webcast how close AngloGold Ashanti is to closing the valuation gap with its North American peers and what the company finds most effective in its cost-lowering efforts.

    Answer

    CEO Alberto Calderon stated that closing the valuation gap takes time but noted the company's share price has begun to outperform peers, reflecting growing interest from North American investors. He identified a new focus on supply chain negotiations and increasing production ounces as the most effective strategies for lowering cash cost per ounce.

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    Martin Creamer's questions to Anglogold Ashanti PLC (AU) leadership • H1 2024

    Question

    Martin Creamer of MiningWeekly asked how close AngloGold Ashanti is to catching up with the valuations of its North American peers and what methods have been most effective in its 'war on inflation' and cost reduction efforts.

    Answer

    CEO Alberto Calderon stated that while a full re-rating takes time, the company's share price performance has been among the best in its peer group over the last three years, indicating the valuation gap is already closing. For cost reduction, he highlighted a new focus on supply chain optimization and emphasized that increasing production ounces (the denominator) has been key to lowering unit costs in real terms.

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