AngloGold Ashanti Proposes US$2 Billion Share Buyback Program

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โดย Simply Wall St·Read original
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AngloGold Ashanti announced it will hold a general shareholders' meeting on 23 July to vote on a proposed US$2.00 billion share buyback program. The buyback plan comes alongside higher recent dividends and strong earnings, highlighting a focus on capital returns even as the company commits to heavy capital expenditures for projects like Arthur in Nevada. The proposal has drawn attention to how AngloGold Ashanti balances shareholder payouts with funding for its global gold mining operations. Analysts' optimistic revenue forecasts for 2029 stand at about US$20.4 billion with earnings of roughly US$6.8 billion, while the company's own narrative projects US$15.5 billion revenue and US$5.8 billion earnings by 2029. The buyback, if approved, could reshape the investment narrative around AngloGold Ashanti's capital allocation priorities.

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