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Business Wire
01-08-2025
- Business
- Business Wire
AngloGold Ashanti Q2 and Six Months Ended 30 June 2025 Earnings Release and Dividend Declaration
LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (2) ('AngloGold Ashanti', 'AGA', the 'Company' or the 'Group') said earnings and free cash flow* more than doubled year on year in Q2 2025, driven by the average gold price received per ounce* (6), continued cost discipline and a 21% increase in gold production, following another strong performance from its managed operations. The Company generated $535m in free cash flow* (5) in Q2 2025, a 149% year-on-year increase from $215m in Q2 2024. The 25% year-on-year rise in gold production from managed operations (1)(2)(3) was supported by strong contributions from Obuasi, in Ghana, and Geita, in Tanzania, and the addition of the Sukari gold mine (2) in Egypt. The average gold price received per ounce* (6) increased to $3,287/oz in Q2 2025, from $2,330/oz in Q2 2024. The Company maintained its strong safety performance, with a Total Recordable Injury Frequency Rate ('TRIFR') of 0.80 injuries per million hours worked in Q2 2025, an improvement of 17% year-on-year and well below industry benchmarks. ' This is another strong result that again demonstrates our focus on cost control and the positive momentum we're building across the business,' said CEO Alberto Calderon. 'We're reaping the benefit of consistent production and cash flow growth, supported by disciplined capital allocation.' AngloGold Ashanti remains committed to closing the valuation gap with its North American peers by driving continuous improvements in operating performance, enhancing cash conversion, extending mine lives, and maintaining discipline in allocating capital. The Company actively manages its portfolio, completing the disposal of its Archean-Birimian Contact ('ABC') and Doropo projects in Côte d'Ivoire in May, and announcing in June the proposed sale of its Serra Grande mine in Brazil. AngloGold Ashanti continues to consolidate the Beatty District in Nevada, including the proposed acquisition of Augusta Gold, which will strengthen its position in the most significant emerging gold district in the US and enhance its ability to develop the region under a unified regional plan. Dividend demonstrates confidence, strong cash flow An interim dividend of 80 US cents per share was declared for Q2 2025, which includes the minimum quarterly dividend of $63m or 12.5 US cents, with the balance reflecting our decision to pay half of free cash flow* generated for the six months through to 30 June. While our dividend policy commits to this 'true up' payment to 50% of free cash flow* annually at year-end, the Company's board used its discretion to make the payment at the half year given the strength of cash flows and its confidence in the outlook. Russell Indexation to boost liquidity In June, AngloGold Ashanti was added to the Russell 1000®, Russell 3000®, and Russell Midcap® Indexes following the 2025 FTSE Russell reconstitution. These inclusions mark another important milestone for the Company since its primary listing on the New York Stock Exchange in late 2023, further enhancing visibility among US institutional investors and access to a deeper pool of capital, driving improvements in liquidity and breadth of ownership. Balance sheet strengthened by earnings and cash flow AngloGold Ashanti has continued to strengthen its balance sheet, with Adjusted net debt* down 92% year-on-year to $92m, and the ratio of Adjusted net debt* to Adjusted EBITDA* improving to 0.02x, from 0.62x a year earlier. The Group ended Q2 2025 with liquidity of $3.4bn, including $2.0bn in cash and cash equivalents. Adjusted EBITDA* increased 111% year-on-year to $1.44bn in Q2 2025, from $684m in Q2 2024. Headline earnings (4) rose to $639m, or $1.25 per share, in Q2 2025, compared to $255m, or $0.60 per share, in Q2 2024 — an increase of 151% and 108% year-on-year, respectively. Net cash flow from operations rose 142% to $1.02bn in Q2 2025, from $420m in Q2 2024, boosting free cash flow* for the quarter. Momentum continued at managed operations (1) Gold production for the Group (1)(2)(3) increased by 21% year-on-year to 804,000oz in Q2 2025, up from 663,000oz in Q2 2024. This growth reflects the contribution from Sukari and improved performances at key assets, including Obuasi (+31%), Geita (+20%), Cerro Vanguardia (+7%), Cuiabá (+6%) and Siguiri (+6%). The TRIFR improved 17% year-on-year to a record low of 0.80 injuries per million hours worked in Q2 2025 versus 0.96 in Q2 2024. Managed operations (1) drove the outperformance for Q2 2025, with gold production up 25% year-on-year to 729,000oz, compared to 581,000oz in Q2 2024. The increase was partially offset by lower output from non-managed joint ventures (1), which declined 9% year-on-year to 75,000oz, mainly due to lower tonnes processed and lower grades at Kibali. Production improvements were led by Geita, which continues to deliver consistently strong operating results, and Obuasi, where the ramp-up of underhand drift-and-fill mining ('UHDF') progressed on schedule, supporting the 21% year-on-year increase in grade. Siguiri, Cerro Vanguardia, and Cuiabá also posted modest gains. These were partly offset by declines at Iduapriem, Serra Grande and Tropicana, while Sunrise Dam held broadly steady. Total cash costs* for the Group (1)(2) increased by 8% year-on-year to $1,226/oz in Q2 2025 from $1,137/oz in Q2 2024, while all-in sustaining costs* ('AISC') rose 7% to $1,666/oz in Q2 2025, from $1,560/oz in Q2 2024. For managed operations (1), total cash costs* rose 6% year-on-year to $1,241/oz in Q2 2025 from $1,171/oz in Q2 2024, while AISC* rose 4% to $1,694/oz in Q2 2025 from $1,626/oz in Q2 2024. These increases were driven primarily by a 28% increase in sustaining capital expenditure*, inflationary cost pressures of approximately 5%, and a $60/oz average increase in the overall royalty charge linked to the higher gold price. These factors were partly offset by higher gold sales volumes. Total capital expenditure for the Group (1)(2) rose to $381m in Q2 2025, up 33% year-on-year from Q2 2024, with sustaining capital expenditure* increasing 28% year-on-year to $273m. The increase in sustaining capital expenditure* reflects the inclusion of Sukari and ongoing investment to support asset integrity and long-term operational resilience, in line with strategic priorities. Reaffirming guidance Full-year 2025 guidance remains unchanged. AngloGold Ashanti remains focused on maintaining gold production and cost guidance for the full year and is executing on its strategic priorities, including enhancing margins, extending mine lives, and maintaining capital discipline. KEY STATISTICS Quarter Quarter Six months Six months ended ended ended ended Jun Jun Jun Jun US Dollar million, except as otherwise noted 2025 2024 2025 2024 Operating review Gold Produced - Group (1)(2)(3) - oz (000) 804 663 1,524 1,254 Produced - Managed operations (1)(2)(3) - oz (000) 729 581 1,386 1,096 Produced - Non-managed joint ventures (1) - oz (000) 75 82 138 158 Sold - Group (1)(2)(3) - oz (000) 801 662 1,538 1,287 Sold - Managed operations (1)(2)(3) - oz (000) 732 581 1,403 1,133 Sold - Non-managed joint ventures (1) - oz (000) 69 81 135 154 Financial review Gold income - $m 2,407 1,353 4,334 2,491 Cost of sales - Group (1)(2) - $m 1,355 987 2,585 1,936 Cost of sales - Managed operations (1)(2) - $m 1,248 893 2,372 1,762 Cost of sales - Non-managed joint ventures (1) - $m 107 94 213 174 Total operating costs - $m 942 708 1,775 1,376 Gross profit - $m 1,197 467 2,036 749 Average gold price received per ounce* - Group (1)(2)(6) - $/oz 3,287 2,330 3,089 2,200 Average gold price received per ounce* - Managed operations (1)(2)(6) - $/oz 3,287 2,330 3,090 2,197 Average gold price received per ounce* - Non-managed joint ventures (1)(6) - $/oz 3,285 2,336 3,078 2,219 All-in sustaining costs per ounce* - Group (1)(2) - $/oz 1,666 1,560 1,654 1,589 All-in sustaining costs per ounce* - Managed operations (1)(2) - $/oz 1,694 1,626 1,676 1,658 All-in sustaining costs per ounce* - Non-managed joint ventures (1) - $/oz 1,367 1,085 1,414 1,078 Total cash costs per ounce* - Group (1)(2) - $/oz 1,226 1,137 1,224 1,158 Total cash costs per ounce* - Managed operations (1)(2) - $/oz 1,241 1,171 1,228 1,200 Total cash costs per ounce* - Non-managed joint ventures (1) - $/oz 1,081 899 1,193 866 Profit before taxation - $m 1,046 413 1,775 580 Adjusted EBITDA* - $m 1,443 684 2,563 1,118 Total borrowings - $m 2,297 2,299 2,297 2,299 Adjusted net debt* - $m 92 1,148 92 1,148 Profit attributable to equity shareholders - $m 669 253 1,112 311 - US cents/share 132 60 219 74 Headline earnings (4) - $m 639 255 1,087 313 - US cents/share 125 60 214 74 Net cash inflow from operating activities - $m 1,018 420 1,743 672 Free cash flow* (5) - $m 535 215 938 272 Capital expenditure - Group (1)(2) - $m 381 286 717 551 Capital expenditure - Managed operations (1)(2) - $m 350 250 653 490 Capital expenditure - Non-managed joint ventures (1) - $m 31 36 64 61 Expand (1) The term 'managed operations' refers to subsidiaries managed by AngloGold Ashanti and included in its consolidated reporting, while the term 'non-managed joint ventures' (i.e., Kibali) refers to equity-accounted joint ventures that are reported based on AngloGold Ashanti's share of attributable earnings and are not managed by AngloGold Ashanti. Managed operations are reported on a consolidated basis. Non-managed joint ventures are reported on an attributable basis. (2) On 22 November 2024, the acquisition of Centamin was successfully completed. Centamin has been included from the effective date of the acquisition. (3) Includes gold concentrate from the Cuiabá mine sold to third parties in Q2 2024 and H1 2024. (4) The financial measures 'headline earnings (loss)' and 'headline earnings (loss) per share' are not calculated in accordance with IFRS ® Accounting Standards, but in accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute Non-GAAP financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission ('SEC') applicable to the use and disclosure of Non-GAAP financial measures. (5) To enhance comparability with industry peers, AngloGold Ashanti has revised its definition of free cash flow*, which is a Non-GAAP financial measure. Pursuant to its revised definition, free cash flow* is calculated as operating cash flow less capital expenditure. Operating cash flow is defined as net cash flow from operating activities, plus repayment of loans advanced to joint ventures, less dividends paid to non-controlling interests (i.e., dividends paid to non-controlling interests in Sukari (50%), Siguiri (15%) and Cerro Vanguardia (7.5%)). Free cash flow* figures for prior periods (including Q2 2024 and H1 2024) have been adjusted to reflect this change in reporting. (6) The average gold price received per ounce* for Q2 2024 and H1 2024 has been restated to be based on the gold revenue from primary operating activities. Previously, the gold price received per ounce calculation included revenue from normal operating activities as well as hedging activities. * Refer to 'Non-GAAP disclosure' in the full announcement for definitions and reconciliations. $ represents US Dollar, unless otherwise stated. Rounding of figures may result in computational discrepancies. Expand AngloGold Ashanti plc today announces an interim dividend for the three months ended 30 June 2025 of 80 US cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions, set out below will apply. 2025 Ex-dividend on NYSE Friday, 22 August Record date Friday, 22 August Payment date Friday, 5 September Expand To holders of ordinary shares on the South African Register Additional information for South African resident shareholders of AngloGold Ashanti: Shareholders registered on the South African section of the register are advised that the distribution of 80 US cents per ordinary share will be converted to South African rands at the applicable exchange rate. In compliance with the requirements of Strate and the Johannesburg Stock Exchange (JSE) Listings Requirements, the salient dates for payment of the dividend are as follows: Dividends in respect of dematerialised shareholdings will be credited to shareholders' accounts with the relevant CSDP (as defined below) or broker. To comply with further requirements of Strate, share certificates may not be dematerialised or rematerialised between Wednesday, 20 August 2025 and Friday, 22 August 2025, both days inclusive. No transfers between South African, NYSE and Ghanaian share registers will be permitted between Friday, 15 August 2025 and Friday, 22 August 2025, both days inclusive. Details of the exchange rates applicable to the dividend and a summary of the tax considerations applicable to South African shareholders is expected to be published on Friday, 15 August 2025. To Beneficial Owners on the Ghana sub-register holding shares through the nominee arrangement with the Central Securities Depositary (GH) LTD To Beneficial Owners holding Ghanaian Depositary Shares (GhDSs) and acting by National Trust Holding Company Ltd as depository agent 100 GhDSs represent one ordinary share 2025 Currency conversion date Friday, 15 August Last date to trade and to register GhDSs cum dividend Tuesday, 19 August GhDSs trade ex-dividend Wednesday, 20 August Record date Friday, 22 August Approximate payment date of dividend Friday, 5 September Expand Beneficial owners on the Ghana sub-register holding shares and beneficial owners holding GhDSs are advised that the distribution of 80 US cents per ordinary share will be converted to Ghanaian cedis at the applicable exchange rate. Assuming an exchange rate of US$1/¢10.5000, the gross dividend payable per share, is equivalent to ca. ¢8.4 Ghanaian cedis. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion. Entitlement to interim dividends A 'Shareholder of Record' is a person appearing on the register of members of the Company in respect of ordinary shares at the close of business on the relevant record date. A 'Beneficial Owner' is a person who holds ordinary shares of the Company through a bank, broker, central securities depository participant ('CSDP'), Shareholder of Record or other agent (sometimes referred to as holding shares 'in street name'). AngloGold Ashanti plc (Incorporated in England and Wales) Registration No. 14654651 LEI No. 2138005YDSA7A82RNU96 ISIN: GB00BRXH2664 CUSIP: G0378L100 NYSE Share code: AU JSE Share code: ANG A2X Share code: ANG GhSE (Shares): AGA GhSE (GhDS): AAD London, Denver, Johannesburg 1 August 2025 JSE Sponsor: The Standard Bank of South Africa Limited FORWARD-LOOKING STATEMENTS Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as 'believe', 'expect', 'aim', 'anticipate', 'intend', 'foresee', 'forecast', 'predict', 'project', 'estimate', 'likely', 'may', 'might', 'could', 'should', 'would', 'seek', 'plan', 'scheduled', 'possible', 'continue', 'potential', 'outlook', 'target' or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics, the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. Non-GAAP financial measures This communication may contain certain 'Non-GAAP' financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use. Website:
Business Wire
30-06-2025
- Automotive
- Business Wire
Motorcar Parts of America Added to Russell Index
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has been added as a member of the broad-market Russell 3000 ® index, effective today at the open of market, as part of the 2025 Russell indexes reconstitution. The reconstitution of the Russell U.S. indexes captures the 4,000 largest U.S. stocks as of April 30, ranking them by total market capitalization. It was final after the close of the U.S. equity markets on Friday, June 27. Membership in the Russell 3000 ® Index means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. 'Inclusion in the Russell 3000 ® Index highlights the company's ongoing commitment to enhancing shareholder value. We look forward to continued success as we further capitalize on our leadership position within the non-discretionary automotive aftermarket business,' said Selwyn Joffe, chairman, president and chief executive officer. About FTSE Russell FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. About Motorcar Parts of America Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company's electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company's Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2025 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Business Wire
30-06-2025
- Business
- Business Wire
Logistic Properties of the Americas (LPA) Joins Russell 3000® and Russell Microcap® Indexes
SAN JOSE, Costa Rica--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company"), a leading logistics real estate platform focused on Latin America, announced today that it has been added to the Russell 3000® and Russell Microcap® Indexes, effective after US market close on June 27, 2025, as part of the annual reconstitution of the US Russell indexes. The Russell 3000® also serves as the US component of the Russell Global Index®. Inclusion in these widely used and followed equity market benchmarks reflects LPA's sustained momentum since its public listing and is expected to enhance its visibility among institutional investors and a broader range of market participants. The Russell indexes are key performance benchmarks for equities and are utilized by investment managers and funds managing trillions of dollars in assets. Among these uses is the creation of index funds and ETFs, among other index-linked investment products. 'We're honored to join the Russell indexes,' said Esteban Saldarriaga, Chief Executive Officer of LPA. 'This milestone enhances the visibility of our unique real estate platform's strength, the resilience of our business model, our diverse multinational customer base, and the value we are creating in high-growth and hard-to-access logistics markets in Latin America. As a US-listed company, we remain deeply focused on disciplined growth, transparency, and long-term alignment with our fellow shareholders. The recognition by the Russell indexes reinforces our vision and represents another significant step in our growth journey.' LPA operates a vertically integrated portfolio of institutional-grade logistics assets across Costa Rica, Colombia, and Peru, while making targeted strategic inroads in Mexico. The Company serves a diverse blue-chip tenant base through a combination of development and acquisitions, with a strong focus on sustainability, governance, and regional execution. About Logistic Properties of the Americas Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA's customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of March 31, 2025, LPA's operating and development portfolio comprises 33 logistics facilities in Costa Rica, Colombia and Peru, totaling approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit Forward-Looking Statements This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA's future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA's management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA's control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA's actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA's control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA's ability to manage growth; (iii) LPA's ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA's estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty. Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Business Wire
11-06-2025
- Business
- Business Wire
AngloGold Ashanti to Join Russell 3000 and Other Russell Equity Indexes on 27 June 2025
LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc ("AngloGold Ashanti" or the "Company") has been named for the first time as a preliminary addition to the Russell 1000® or Russell 2000®, the Russell 3000®, and the Russell Midcap ® Indexes, as part of the latest FTSE Russell 2025 U.S. Indexes reconstitution. Final index membership will become effective after the U.S. market closes on Friday, 27 June 2025, with rebalanced index constituents reflected in trading beginning Monday, 30 June 2025. 'This is an important milestone for AngloGold Ashanti,' said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. ' Our inclusion in this important family of US equity market indexes will help further increase liquidity and unlock long-term value for our shareholders.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which belong to FTSE Russell, the global index provider. The reconstitution of the Russell U.S. Indexes ranks the 4,000 largest U.S. stocks by market capitalisation to reflect changes in the investable equity market. This year's rebalance is expected to drive more than $53 billion in passive flows, and marks one of the highest-volume trading days of the year. AngloGold Ashanti's anticipated inclusion in these benchmark equity indexes on 27 June 2025 follows the move of the Company's primary listing to the NYSE in September 2023. About AngloGold Ashanti AngloGold Ashanti plc is an independent, global gold mining company with a diversified portfolio of operations, projects, and exploration activities across ten countries. Headquartered in Denver, Colorado, the Company is committed to operational excellence, disciplined capital allocation, and sustainable value creation. AngloGold Ashanti has its primary listing on the NYSE and secondary listings on the Johannesburg Stock Exchange (A2X and JSE) and the Ghana Stock Exchange (GSE). For more information, visit: About FTSE Russell FTSE Russell is a leading global index provider, benchmarking approximately $18.1 trillion in assets. The Russell U.S. Indexes are designed to represent the U.S. equity market with transparent, rules-based methodologies. Beginning in 2026, FTSE Russell will transition to semi-annual reconstitutions to reflect evolving market conditions. For more information on the 2025 reconstitution, visit: JSE Sponsor: The Standard Bank of South Africa Forward-looking statements Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as 'believe', 'expect', 'aim', 'anticipate', 'intend', 'foresee', 'forecast', 'predict', 'project', 'estimate', 'likely', 'may', 'might', 'could', 'should', 'would', 'seek', 'plan', 'scheduled', 'possible', 'continue', 'potential', 'outlook', 'target' or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
Yahoo
11-06-2025
- Business
- Yahoo
AngloGold Ashanti to Join Russell 3000 and Other Russell Equity Indexes on 27 June 2025
LONDON & DENVER & JOHANNESBURG, June 11, 2025--(BUSINESS WIRE)--AngloGold Ashanti plc ("AngloGold Ashanti" or the "Company") has been named for the first time as a preliminary addition to the Russell 1000® or Russell 2000®, the Russell 3000®, and the Russell Midcap® Indexes, as part of the latest FTSE Russell 2025 U.S. Indexes reconstitution. Final index membership will become effective after the U.S. market closes on Friday, 27 June 2025, with rebalanced index constituents reflected in trading beginning Monday, 30 June 2025. "This is an important milestone for AngloGold Ashanti," said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. "Our inclusion in this important family of US equity market indexes will help further increase liquidity and unlock long-term value for our shareholders." Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which belong to FTSE Russell, the global index provider. The reconstitution of the Russell U.S. Indexes ranks the 4,000 largest U.S. stocks by market capitalisation to reflect changes in the investable equity market. This year's rebalance is expected to drive more than $53 billion in passive flows, and marks one of the highest-volume trading days of the year. AngloGold Ashanti's anticipated inclusion in these benchmark equity indexes on 27 June 2025 follows the move of the Company's primary listing to the NYSE in September 2023. About AngloGold Ashanti AngloGold Ashanti plc is an independent, global gold mining company with a diversified portfolio of operations, projects, and exploration activities across ten countries. Headquartered in Denver, Colorado, the Company is committed to operational excellence, disciplined capital allocation, and sustainable value creation. AngloGold Ashanti has its primary listing on the NYSE and secondary listings on the Johannesburg Stock Exchange (A2X and JSE) and the Ghana Stock Exchange (GSE). For more information, visit: About FTSE Russell FTSE Russell is a leading global index provider, benchmarking approximately $18.1 trillion in assets. The Russell U.S. Indexes are designed to represent the U.S. equity market with transparent, rules-based methodologies. Beginning in 2026, FTSE Russell will transition to semi-annual reconstitutions to reflect evolving market conditions. For more information on the 2025 reconstitution, visit: JSE Sponsor: The Standard Bank of South Africa Forward-looking statements Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. View source version on Contacts Media Andrea Maxey+61 08 9425 4603 / +61 400 072 199amaxey@ General inquiriesmedia@ Investors Andrea Maxey+61 08 9425 4603 / +61 400 072 199amaxey@ Yatish Chowthee+27 11 637 6273 / +27 78 364 2080yrchowthee@ Website:
