AngloGold announces 257.60 South African cents per share to shareholders

AngloGold Ashanti (AGA) has announced the payment a dividend of 257.60 South African cents for the financial year ended December 31, 2022.

The dividend, according to the company, will be converted on Tuesday, March 14, 2023.

The final dividend is however expected to be paid on Friday March 31, 2023.

To this end, all shareholders registered in the books of AGA at the close of business on Friday, March 17, 2023, will qualify for the final dividend.

In view of the foregoing, the mining giant stated in a circular that the ex-dividend date has been set as Wednesday, March 15, 2023.

Consequently, an investor purchasing AGA shares before the date will be entitled to the final dividend.

However, an investor buying AGA shares on or after Wednesday, March 15, 2023 will not be entitled to the final dividend.

AngloGold recorded gold production of 2.742 million ounces in the year through December 31, 2022. This was an 11% improvement versus gold production of 2.472 million ounces in 2021.

The operational result was underpinned by solid performances across most of the portfolio, with the Obuasi gold mine in Ghana meeting targeted production of 250,000 ounces as it continues on the ramp-up path to its full production run-rate in excess of 400,000o ounces, which is expected by the end of 2024.