AngloGold Ashanti Limited (ADR)

  • Mining for gold: When prices fall, nobody wins

    By federico ackman - August 27, 2013 | Tickers: AU, ABX, IAG


    Gold mining companies are currently operating in a hostile environment due to low gold prices and thus most firms are struggling to make ends meet. In order to hash out possible investments in this sector, the following essay will take a look at Barrick Gold Corporation (NYSE: ABX), Iamgold Corp (NYSE: IAG) and AngloGold Ashanti Limited (NYSE: AU).


    Barrick Gold´s troublesome future

    The Canadian based Barrick Gold is the more »

  • Gold: Beyond Best Intentions

    By Michael Ugulini - July 24, 2013 | Tickers: AU, ABX, ABX, NEM

    Remember, people will judge you by your actions, not your intentions. You may have a heart of gold -- but so does a hard-boiled egg.

    (Quote from Thinkexist.com)

    For gold mining companies, things can often be a little unsettling with the swings in the commodity’s price and the challenges of operating in diverse jurisdictions. Best intentions are sometimes pushed to the wayside as the realities of the mining business more »

  • Despite Losing Big, John Paulson Still Loves Gold

    By Sam Mattera - July 23, 2013 | Tickers: AU, NG, GLD

    Hedge fund titan John Paulson has received a lot of negative press in recent months over his firm’s gold position. Paulson’s fund, Paulson & Co., maintains a sizable investment in gold.

    But as gold has tumbled, Paulson’s gold holdings have performed terribly. According to Bloomberg, in June, Paulson’s gold fund was down as much as 65% this year.

    Despite suffering enormous losses, Paulson sees no reason to more »

  • Is There a Silver Lining For Another Gold Rush?

    By Nicholas Kitonyi - July 18, 2013 | Tickers: AU, ABX, GLD

    People have been trading gold for more than 200 years now. Gold is the one commodity that has remained attractive over the years with gradual gains. However, over the last few years, gold’s price rally reached new heights approaching the $2000 per ounce mark in August 2011. Nonetheless, this year has exhibited reverse characteristics, as gold plummeted to trade at around $1220 per ounce. Gold traded upwards of $1900 more »

  • 3 Gleaming Gold Stocks to Consider Now

    By Bill Edson - July 12, 2013 | Tickers: AU, ABX, NEM

    There seems to be a lot of talk as to if gold is the 'right investment' or if it is just a trend.

    To be fair, most investments (and there are those that argue ALL) are based on market movements, consumer need, and are thus cyclical and follow a pattern or 'trend.' However, gold is attracting bargain hunters after a sharp pullback that has erased billions in value in bullion-backed more »

  • Stay Away From Gold Miners

    By Sam Mattera - July 12, 2013 | Tickers: AU, GDX, GLD

    When it comes to precious metal investing, there’s a long-running debate: the metal or the miners?

    As the price of gold has tumbled, gold mining stocks have been utterly eviscerated. Market Vectors Gold Mining ETF (NYSEMKT: GDX) dropped over 3% on Friday, while the spot price of gold fell only about 2%. GDX owns 30 of the biggest gold mining stocks; its largest holdings are GoldcorpBarrick Gold, and more »

  • These 5 Gold Majors Down a Shocking 60%+

    By Peter Epstein - July 3, 2013 | Tickers: AU, ABX, EGO, NCMGY.PK, GLD

    Gold, as measured by the SPDR Gold Shares ETF (NYSEMKT: GLD) is down a remarkable 30% from its 52-week high. However, that performance pales in comparison to the dismal showing of Barrick Gold (NYSE: ABX), Newcrest Mining (NASDAQOTH: NCMGY.PK), Eldorado Gold, (NYSE: EGO), Compa, "BVN," and AngloGold Ashanti (NYSE: AU), each down at least 60%!

    Beware the Elevated Dividend Yields

    Unlike GLD, four of these five majors pay stock dividends more »

  • Sell Gold, Bonds, and the Gold Miners

    By Alexander Cho - July 2, 2013 | Tickers: AU, GFI, TIP, SPY, GLD

    I don’t know about you, but I think we can all agree that gold has been an awful investment lately. It went from being coveted treasure to the atomic bomb. The gold community is busily debating over whether or not gold is over-valued, under-valued, a buy, or a sell, and etc.

    The buy gold thesis

    Tom Luongo from Seeking Alpha recently released an article, and in it he stated more »

  • Scary Days Down the Gold Mine

    By John McKenna - June 28, 2013 | Tickers: AU, ABX, GG

    Two years ago, before I became a Fool blogger, I was a blogger for a libertarian movie company called Silver Circle. My job then was to write articles and share stories regarding the Federal Reserve and how it was damaging the dollar. To emphasize these points, I would typically point to the sky-high price of gold and how its strength reflected the growing weakness in the dollar, as well as more »

  • Billionaire John Paulson's Top Moves

    By Marshall Hargrave - June 13, 2013 | Tickers: AU, FDO, NYX, S

    Billionaire John Paulson manages some $29 billion and runs the Paulson & Co. hedge fund. His hedge fund is one of the largest in the world, focused on merger, event and distressed strategies. Prior to founding Paulson & Co. in '94, John was managing director of M&A at now-defunct Bear Stearns. Outlined below are some of Paulson's interesting buys during the first quarter (check out Paulson's new picks).

    Gold more »

  • Will a Drop in the Rand Help These South African Miners?

    By Vladimir Zernov - June 12, 2013 | Tickers: AU, GFI, HMY

    The South African rand has declined more than 17% year-to-date. The country has recently released its first-quarter GDP results, which came in worse than expected. Gold miners in the country faced rising costs and labor unrest. In addition to that, gold prices are down 18% year-to-date. Would the depreciation of the currency help them perform better?

    A handful of problems

    AngloGold Ashanti (ADR) (NYSE: AU), Gold Fields (ADR) (NYSE: GFImore »)

  • 5 Stocks Billionaire John Paulson Is Betting On

    By Meena Krishnamsetty - May 31, 2013 | Tickers: AU, LIFE, PXP, RLGY, S

    Billionaire John Paulson’s Paulson & Co. has struggled following its spectacular success in shorting the U.S. housing market (and, for a while, being long gold), but Paulson remains one of the most widely followed hedge fund managers. His fund recently filed its 13F with the SEC, disclosing many of its long equity positions as of the end of March; see the filing on the SEC's website. We track more »

  • Added Pressure on These 3 Precious Metal Producers

    By Damian Illia - May 31, 2013 | Tickers: AU, BVN, NEM

    Volatile precious metal prices, environmental concerns, and project-specific concerns are the biggest risks facing gold and silver miners. However, some companies face added pressure deriving from declining production and high inflation costs.

    Internal problems may affect Buenaventura growth 

    In Peru, Compania de Minas Buenaventura (NYSE: BVN) is a leading  precious metals producer. All of its operating assets are located in Peru. It operates seven wholly owned mines and holds minority more »

  • Barrick Hedges Its Product and Its Portfolio

    By Peter Pham - May 30, 2013 | Tickers: AU, ABX, GLD

    The world’s leading gold producer Barrick Gold (NYSE: ABX) recently released its quarterly results, in which its profits fell on lower prices and lower volumes. But the company is sticking to its guidance of 7 million to 7.4 million oz. mined for the year. The company's long-suffering shareholders, however, have finally been given some decent news about costs, as the company is going to begin selling off more »

  • This Investor Has Been Focusing on the Metals Market; A Look Back

    By Meena Krishnamsetty - April 30, 2013 | Tickers: AU, ABX, KGC, SWC, VGZ

    As its name implies, Sun Valley Gold—at least on the equity side—is concentrated on the precious metals market, in companies related to mining, producing and refining. Unfortunately for the fund, a 13F portfolio with nearly all its positions tied to metals most likely hasn’t done too well of late, as metals prices have dropped to 2+ year lows. Of course, 13F filings from the SEC only indicate more »

  • As Gold Prices Fall, Should Investors Panic?

    By Peter Epstein - April 12, 2013 | Tickers: ANV, AU, CDE, CORVF

    Gold prices are down 8% year to date. That may look horrible when compared to the S&P500 Index, which is up about 12%. But these are entirely seperate asset classes, and there's room for both in one's portfolio. Let's figure out what an 8% sell-off truly means for junior gold companies.

    Does an 8% Drop Signal the End?

    Today's price of $1,565 per ounce more »

  • Randgold Hunts Growth in Elephant Country

    By John Miller - April 11, 2013 | Tickers: AU, GOLD, GLD

    Randgold Resources’ (NASDAQ: GOLD) Chairman Philippe Liétard concisely recapped 2012 in the company’s recent annual report. He wrote, “There’s an old safari saying that if you want to hunt elephants, you have to go to elephant country.” Certainly political and infrastructure challenges of operating in west and central Africa became a focus for company stakeholders over the past year. However, despite the challenges, Randgold continues to benefit from more »

  • Randgold Hunts Growth In Elephant Country

    By John Miller - April 3, 2013 | Tickers: AU, GOLD, GLD

    Randgold Resources’ (NASDAQ: GOLD) Chairman Philippe Liétard concisely recapped 2012 in the company’s recent annual report. He wrote, “There’s an old safari saying that if you want to hunt elephants, you have to go to elephant country.” Certainly political and infrastructure challenges of operating in west and central Africa became a focus for company stakeholders over the past year. However, despite the challenges, Randgold continues to benefit from more »

  • Still Bullish on Gold

    By Bob Chandler - February 27, 2013 | Tickers: AU, ABX, GFI, IAG, GLD

    There has been a lot of bearish sentiment around gold recently. Citigroup analysts reported the metal may have hit its cycle peak and the SPDR Gold Shares ETF (NYSEMKT: GLD) was down around 14% from its 52-week high.

    The pessimism is understandable. After a high of around $1900 an ounce in 2011, the gold price has fallen back and been slammed vigorously each time it’s tried to return. Yet more »

  • Should You Be Betting With Paulson On AngloGold's Split?

    By Marshall Hargrave - February 12, 2013 | Tickers: AU, ABX, GFI

    Billionaire John Paulson, in his 2012 investor letter, stated that he believes that a split up of AngloGold (NYSE: AU)'s operations would unlock more value for shareholders, and I believe that's true. Paulson said this about the potential upside:

    Based on our analysis, AngloGold’s shares could increase in value by up to 68 percent if the company was to split its business into South African and non-South more »

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