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Rating: AU
Outperform

Anglogold Ashanti Ltd. (NYSE: AU) reiterated to Outperform by RBC Capital Mkts

Thursday,  Jan 29, 2015  8:25 AM ET by Lynn Gilbert

RBC Capital Mkts reiterated Anglogold Ashanti Ltd. (NYSE: AU) to Outperform. Previously,
RBC Capital Mkts rated Anglogold Ashanti Ltd. (NYSE: AU) to Outperform with price target $30 on 02/18/2011, when the stock price was valued at $47.44.

AngloGold Ashanti Limited (AngloGold Ashanti) is a global producer of gold. AngloGold Ashanti has 21 operations and a number of exploration programs in gold-producing regions of the world. During the year ended December 31, 2008, the Company produced 4.98 million ounces of gold from its operations. AngloGold Ashanti?s main product is gold. Revenue is also derived from the sales of silver, uranium oxide and sulphuric acid. The Company sells its products on international markets. In December 2008, AngloGold Ashanti completed the purchase of Sao Bento Gold Company Limited and its wholly owned subsidiary, Sao Bento Mineracao S.A. from Eldorado Gold Corporation. Effective July 1, 2008, the Company acquired Golden Cycle Gold Corporation. In October 2009, Randgold Resources Limited and AngloGold Ashanti Limited, through their indirect jointly owned subsidiary, 0858065 BC Ltd., acquired Moto Goldmines Limited.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.



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