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Anglogold Ashanti makes NYSE its primary listing

Kitco Media
By Michael McCrae
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(Kitco News) - AngloGold Ashanti (NYSE:AU) announced today it is delisting from the Australian Stock Exchange.

The company is restructuring making the NYSE its primary listing. Reasons given were enhanced access to the world’s deepest pools of capital and improved competitive position in line with the group’s global peers.

The company said that the Australian Stock Exchange is approximately 4.1% of the company's total issued share capital, and represent less than 0.1% of the year-to-date average daily trading value of the company’s equity securities across all exchanges.

Anglogold Ashanti is top four gold miner at 2,742 koz produced in 2022. The company’s gold production in 2022 rose 11% to 2,742,000 ounces compared to 2,472,000 ounces in 2021. AngloGold Ashanti explained that operational improvements followed solid performances across the portfolio, underpinned by an improving grade profile amidst the ongoing reinvestment programme, and with Obuasi continuing its planned ramp-up.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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