AngloGold Ashanti finalised the sale of the first of its three big assets new CEO Kelvin Dushnisky has put up for sale, with Sadiola mine sold to Allied Gold for $105m cash.
“This transaction is in line with our disciplined, capital allocation strategy as we move to streamline our portfolio and intensify our focus on assets that have potential to build critical mass in the long term,” Dushnisky said on Monday. Sadiola generated 39,000oz of gold for AngloGold in the nine months to end-September at an all-in sustaining cost of $954/oz.iré gold mines in Ivory Coast. It is exploring for gold in Ethiopia, Egypt and Tanzania.
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