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	<title>Stock Blog Hub &#187; AngloGold Ashanti Ltd.</title>
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		<title>(AU) AngloGold Ashanti Ltd. &#8211; 2010 Estimates Rising</title>
		<link>http://www.stockbloghub.com/2009/09/21/au-anglogold-ashanti-ltd-2010-estimates-rising/15743</link>
		<comments>http://www.stockbloghub.com/2009/09/21/au-anglogold-ashanti-ltd-2010-estimates-rising/15743#comments</comments>
		<pubDate>Mon, 21 Sep 2009 17:24:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15743</guid>
		<description><![CDATA[AngloGold Ashanti Ltd. (AU) shares just hit a new 52-week high on the heels of gold crossing the $1,000 mark and the company&#8217;s strong second-quarter results, reported in late July. Second-Quarter Results Income came in at $167 million, producing earnings of 47 cents per share, 5 cents ahead of last quarter&#8217;s earnings. The company noted that it achieved higher production levels and lower costs at a number of its key mining sites, with Obuasi showing a 10% rise in production and a 16% drop in cash cots. Geita&#8217;s production was up 43% while costs were down 14%. Ashanti also noted that it is aggressively reducing its hedges in order to capitalize on strong demand and higher gold prices. The company still had 4.47 million ounces hedged at the end of ]]></description>
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		<item>
		<title>(NEM) Newmont Mining Boosts Reserves Forecasts</title>
		<link>http://www.stockbloghub.com/2009/09/18/nem-newmont-mining-boosts-reserves-forecasts/15640</link>
		<comments>http://www.stockbloghub.com/2009/09/18/nem-newmont-mining-boosts-reserves-forecasts/15640#comments</comments>
		<pubDate>Fri, 18 Sep 2009 23:51:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>
		<category><![CDATA[BVN]]></category>
		<category><![CDATA[Compania de Minas Buenaventura]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[Newmont Mining Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15640</guid>
		<description><![CDATA[Newmont Mining Corp. (NEM), the largest U.S. gold producer, is emphasizing on exploration near its existing mines in Nevada to bolster its reserves. Newmont is exploring 18 deposits near its existing mines, which could add 4 million to 7 million ounces to its gold reserves. Based in Colorado, Newmont is trying to boost reserves to benefit from historically high gold prices. In June, the company concluded its purchase of the remainder of the Boddington gold project, the largest in Australia, from AngloGold Ashanti Ltd. (AU). The $2.9 billion mine will have an annual capacity of about 1 million ounces at a projected cost of $300 an ounce. Newmont’s gold sales fell 5.7% to 1.2 million ounces in the second quarter. After which the company lowered the higher end of its ]]></description>
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		<title>(ABX) Barrick Gold to Remove Hedges</title>
		<link>http://www.stockbloghub.com/2009/09/09/abx-barrick-gold-to-remove-hedges/14700</link>
		<comments>http://www.stockbloghub.com/2009/09/09/abx-barrick-gold-to-remove-hedges/14700#comments</comments>
		<pubDate>Wed, 09 Sep 2009 21:58:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[ABX]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>
		<category><![CDATA[Barrick Gold Corporation]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[Newmont Mining Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14700</guid>
		<description><![CDATA[On September 8th, the world’s largest gold producer, Barrick Gold Corporation (ABX), announced its plans to raise $3 billion from a share offering and use the proceeds to pay off its gold hedges. As of September 7, 2009, Barrick’s gold sales contracts &#8212; which comprise gold hedges and floating contracts &#8212; totaled 9.5 million ounces with a mark-to-market position of negative $5.6 billion. To pay off the hedges, Barrick Gold has entered into an agreement with a syndicate of underwriters for a bought deal public offering for gross proceeds of about $3.0 billion, representing 81.2 million common shares at a price of $36.95 per share. Barrick Gold intends to use $1.9 billion of the net proceeds to eliminate all of its fixed priced gold contracts within the next 12 months ]]></description>
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		<title>(ABX) Barrick Gold Delays Construction</title>
		<link>http://www.stockbloghub.com/2009/09/04/abx-barrick-gold-delays-construction/14475</link>
		<comments>http://www.stockbloghub.com/2009/09/04/abx-barrick-gold-delays-construction/14475#comments</comments>
		<pubDate>Fri, 04 Sep 2009 23:14:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[ABX]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>
		<category><![CDATA[Barrick Gold Corporation]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[Newmont Mining Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14475</guid>
		<description><![CDATA[Recently, the media reported that Canadian gold miner Barrick Gold Corporation (ABX) has delayed construction of its Pascua Lama mining project in Chile due to pending environmental permits. In July of this year, Barrick Gold had announced the start of the construction of Pascua Lama, on the border of Chile and Argentina, before September. The project was approved by the Chilean environmental impact evaluation system through a resolution issued in 2006. However, the resolution also determined that the initiative needed to meet a number of environmental conditions and requirements before construction could start. Environmentalists have criticized Pascua Lama, claiming that operations at the mine will affect the water resources in the vicinity. However, the company has denied the claims and notified that it plans to set up monitoring points to ]]></description>
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		<title>(AU) AngloGold Ashanti Ltd. &#8211; Momentum &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/06/29/au-anglogold-ashanti-ltd-momentum-zacks-rank-buy-3/9063</link>
		<comments>http://www.stockbloghub.com/2009/06/29/au-anglogold-ashanti-ltd-momentum-zacks-rank-buy-3/9063#comments</comments>
		<pubDate>Mon, 29 Jun 2009 21:09:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=9063</guid>
		<description><![CDATA[AngloGold Ashanti Ltd. (AU) has posted solid gains since first being featured as a momentum stock on Feb 9 in response to the company&#8217;s strong first-quarter results, reported on May 15. First-Quarter Results Income was up huge from last year, coming in at $150 million from a loss of $17 million. Earnings totaled 42 cents per share, up from a 5 cent loss last year. The company said that it benefited from higher spot gold prices Incorporatedreased production and a lower discount rate. Estimates The current-year estimate has been mostly flat for the last few months, currently up 6 cents from 90 days ago to $2.31 per share. The next-year estimate is up 34 cents to $2.27, but should be taken with a grain of salt. This earnings target will ]]></description>
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		<title>(AU) Anglogold Ashanti Ltd. &#8211; Momentum &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/06/01/au-anglogold-ashanti-ltd-momentum-zacks-rank-buy-2/7672</link>
		<comments>http://www.stockbloghub.com/2009/06/01/au-anglogold-ashanti-ltd-momentum-zacks-rank-buy-2/7672#comments</comments>
		<pubDate>Mon, 01 Jun 2009 22:57:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=7672</guid>
		<description><![CDATA[Anglogold Ashanti Ltd. (AU) is rallying in response to rising gold prices and strong first quarter-results. First-Quarter Results Anglogold reported strong first-quarter results on May 15 that marked a big improvement from last year. Adjusted earnings came in at $150 million, up from a loss of $17 million last year. Ashanti CEO Mark Cutifani noted that the strong numbers were a product of the company trimming its hedges against weak gold prices, saying &#8220;Our strategy of reducing the hedge book by almost half over the past year is yielding real results, giving a good kicker to our received gold price.&#8221; Estimates Surge With Ashanti initiating direct exposure to gold, and gold rallying, the analyst community has become more bullish on the company&#8217;s earnings. The current-year estimate is up 68 cents ]]></description>
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		<title>(AU) AngloGold Ashanti Ltd. &#8211; Momentum &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/04/09/au-anglogold-ashanti-ltd-momentum-zacks-rank-buy/5342</link>
		<comments>http://www.stockbloghub.com/2009/04/09/au-anglogold-ashanti-ltd-momentum-zacks-rank-buy/5342#comments</comments>
		<pubDate>Fri, 10 Apr 2009 03:03:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[AngloGold Ashanti Ltd.]]></category>
		<category><![CDATA[AU]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=5342</guid>
		<description><![CDATA[AngloGold Ashanti Ltd. (AU) continues to head higher as gold bugs worried about inflation align themselves with hard assets. Company Description AngloGold Ashanti Limited engages in the mining, extraction and production of gold in South Africa and internationally. The company was founded in 1944 and has a market cap of $11.3 billion. Fourth-Quarter Results AngloGold&#8217;s fourth-quarter results, reported on Feb 9, missed expectations due to a number of one-time items Incorporatedluding a $1.25 billion charge on former assets. All said and done, the company posted a loss of $1 billion for the quarter, or 25 cents per share, behind the consensus calling for a loss of 5 cents. Gold sales came in at $858 million, up from $777 million last year. Strategic Progress On the bright side, AngloGold made significant ]]></description>
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