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AngloGold Ashanti Reinstates Dividend

- By Alberto Abaterusso

After a little over three-year suspension, AngloGold Ashanti Ltd. (AU) announced it is reinstating its dividend.

The distribution of the dividend is backed by consistent improvements witnessed by the South African miner.

  • The miner closed fiscal year 2016 with headline earnings, adjusted to one-time charges, of $143 million, a 191.8% increase on a year-over-year basis. In 2015, the company reported adjusted headline earnings of $49 million.

  • Considering AngloGold Ashanti has approximately 408 million shares outstanding, the adjusted headline earnings per share were 35 cents, a 191.7% increase from 12 cents in 2015.

  • The company also reported a significant improvement in free cash flow of $278 million, a 97% increase from $141.1 million in 2015.



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