AngloGold Ashanti in Olympic form
For gold giant AngloGold Ashanti, which this month successfully completed the sale of its ultimate South African mining assets, all signals are green: Supported by rising gold prices, the group announced on Friday that it had more than doubled its free cash flow in 2019, bringing it to $448 million compared to $217 million in the previous year. In addition to strong yellow metal prices, AngloGold also owes this solid performance to the highly profitable operations of its mine in Kibali, DRC, a site jointly owned with Barrick Gold and the Congolese state-owned Kilo-Moto company.