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$33.33 -1.21 (-3.50%)
7/23/2008 4:03 PM

AngloGold Ashanti Limited (ADR) (AU)

CAPS Rating:
***

The Company conducts gold-mining operations in Argentina, Australia, Brazil, Ghana, Guinea, Mali, Namibia, South Africa, Tanzania and the United States of America. The Company also produces uranium oxide and sulphuric acid.

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Recs

4

Avatar TMFSinchiruna (95.41) Submitted: 4/17/08 6:32 PM : Outperform Start Price: $41.79 AU Score: -19.26

AU added 7 million ounces of gold to their resource in 2007. Excellent grades on these new resources as well (2.68g/t in the Congo). At $37, it's trading well off its January highs above $50, which is still largely still attributable to the procudtion lapses which took place during a short-lived electricity shortfall in South Africa (which accounts for 40%+ of the company's production). I see this as a buying opportunity. :)

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