AngloGold Ashanti (AU) in our Pivotal Point Check: Historic Geopolitical Deal and $2 Billion Share Buyback Drive Gold Producer up 7%!
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Share buyback specified: In June, the roadmap for the buyback of its own shares worth up to $2.0 billion was published. Historic geopolitical deal: The peace agreement announced over the weekend between the USA and Iran stabilizes the markets and pushed the gold price above the $4,300 mark per ounce. Massive cash flow strength: A strong free cash flow of $1.17 billion in the first quarter secures the financial basis. AngloGold Ashanti, one of the world's leading gold producers with active mining operations on several continents,...
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