AngloGold expects surge in earnings despite output falling
AngloGold Ashanti trading statement for the year ended 31 December 2020
AngloGold Ashanti will release results for the year ended 31 December 2020 (the “Period”) on the Johannesburg Stock Exchange News Service on 22 February 2021.
With reference to the Listings Requirements of the JSE Limited, issuers are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding reporting period.
Expected Headline Earnings and Basic Earnings – Continued Operations
Shareholders are advised that the Company has reasonable certainty that headline earnings for the Period are expected to be between $962m and $1,037m, with headline earnings per share (“HEPS”) of between US 229 cents and US 247 cents. Headline earnings and HEPS for the comparative period in 2019 were $379m and US
K18 billion Wafi-Golpu Mining project to start in Papua New Guinea
The Papua New Guinea is expected to see a windfall of over K18 billion investment in its economy as the construction phase of the Wafi-Golpu copper and gold project in Morobe, is set to begin after the country s Government granted it an environment permit,
the National Reports.
The project s construction phase alone, to be undertaken by the developers Harmony Gold Mining Company Limited and Newcrest Mining Limited, is expected to cost K17.26 million.
“At this time when our economy is contracting, it is important that we must bring in a major project to (be a catalyst to) reviving the economy,” said Environment, Conservation and Climate Change Minister Wera Mori.
January 21, 2021 at 17:38 PM EST Will These Mining Stocks Rise Up This Year? There are so many mining stocks that have been trending in the market in the last year. The sudden increase in prices in gold and silver, and other precious minerals last year was unexpected. That was a result of the pandemic and the resulting economic crash that followed. This created a ton of mining stocks to watch that otherwise may have stayed the same. We are in the middle of the first month in 2021, so where do mining stocks stand? Well, there are actually a few factors that are affecting mining stocks at the current moment. The first of which is the election. In a few days, President-elect Joe Biden will be taking office and is likely to make many changes to counter things that President Trump has done. This could adversely affect the economy. Biden has already announced a $1.9 trillion emergency coronavirus and stimulus plan. This includes an additional $1400 stimulus checks to add to the recent
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With 2020 nearing its end, one can look back at a tumultuous year dictated by a catastrophe in the form of COVID-19 pandemic, which has been wreaking havoc and impacting nearly every facet of life. The unprecedented crisis crippled the global economy. While the same brought some industries to a standstill, others thrived. The mining sector was among the few that were severely impacted at the beginning of the year due to weak demand and disrupted operations. However, the sector has weathered the phase and regained its lost footing on the back of improving commodity prices, solid demand from top-consumer China and resumption of operations.