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⛏️ AngloGold Ashanti (AU): A Mining Move! 🌍⛏️📊 Analysis: Strategic Investment: NYSE:AU is making a strategic investment in G2, emphasizing exploration success as a growth driver. Listing Shift: Plans to switch the primary listing from Johannesburg to New York are underway. Major Shareholder: AU aims to be a major shareholder in G2. Cost Management: Commitment to cost management is highlighted. Bullish Sentiment: The analysis expresses a bullish sentiment on AU. Entry Strategy: Consider an entry above the $16.00-$17.00 range. Upside Target: Potential upside target in the $25.00-$26.00 range. 🌐 Note: Stay informed about mining industry trends and any developments in AU's exploration activities.
NYSE:AULong
by Richtv_official
AngloGold Ashanti Surge Despite Production Challenges ReportAngloGold Ashanti (NYSE: NYSE:AU ), one of the leading global gold mining companies, recently disclosed its 2023 full-year results, revealing a 3% decline in gold output compared to the previous year. This setback was attributed to various operational challenges encountered across key mining sites in Tanzania, Guinea, and Ghana. Despite the decline in production and gross profit, the company's dividend payout also experienced a reduction. As investors assess the implications of these developments, it prompts a deeper examination of AngloGold Ashanti's ( NYSE:AU ) operational resilience and strategic outlook. Production Challenges: In 2023, AngloGold Ashanti ( NYSE:AU ) faced hurdles stemming from production slippages at crucial mines, notably in Tanzania, Guinea, and Ghana. Factors such as poor ground conditions at the Obuasi mine in Ghana and a carbon-in-leach tank failure at the processing plant in Siguiri, Guinea, significantly impacted gold output and operational costs. These setbacks highlight the inherent risks associated with mining operations, particularly in geologically complex regions. Moreover, the decline in ore tons processed and recovered grades underscores the operational intricacies involved in maintaining consistent production levels. Financial Performance: The company's full-year results for 2023 revealed a notable decline in gross profit, which fell by 9% compared to the previous year, amounting to $1.027 billion. This decline reflects the adverse effects of operational disruptions and underscores the financial implications of production challenges on profitability. Additionally, the decision to reduce the dividend payout from $0.23 to $0.19 per share signals a cautious approach by management amidst the operational headwinds. While dividend reductions can be disappointing for investors seeking income, they also indicate a prudent capital allocation strategy aimed at preserving financial stability and supporting future growth initiatives. Operational Resilience and Mitigation Strategies: Despite the setbacks faced in 2023, AngloGold Ashanti ( NYSE:AU ) remains committed to enhancing operational resilience and mitigating risks. The company's management has outlined strategic initiatives aimed at addressing the underlying issues that contributed to the production decline. This includes investments in infrastructure upgrades, technology adoption, and operational efficiencies across its mining assets. By prioritizing safety, sustainability, and productivity, AngloGold Ashanti ( NYSE:AU ) aims to optimize its operational performance and deliver long-term value to shareholders. Investor Considerations: For investors evaluating AngloGold Ashanti's ( NYSE:AU ) stock, the recent production challenges underscore the importance of conducting thorough due diligence and assessing the company's risk management capabilities. While operational disruptions are inevitable in the mining industry, investors should focus on the company's ability to navigate challenges effectively and execute its strategic objectives. Conclusion: AngloGold Ashanti's 3% drop in 2023 gold output, coupled with declines in gross profit and dividend payout, highlights the operational challenges inherent in the mining sector. However, the company's commitment to addressing these challenges through strategic initiatives underscores its resilience and long-term growth potential.
NYSE:AULong
by DEXWireNews
#AU AngloGold Ashanti bouncing off bottom of flat top triangle?Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top of the range at R375.00. A break of R375.00 would then confirm the flat top triangle breakout with much higher targets in place.
JSE:ANGLong
by MarcoOlevano
1
AUDUSD D1 - Long SignalAUDUSD D1 Similar setup here for the aussie/dollar. We managed to get off the ground a little bit faster here as compared to cable. That being said, we also got caught with that liquidity dump and spike, which punctured support and stops before flying higher. I feel we may see some rejection at 0.63800, before then gearing up to break upside, largely depending on the DXY and if this can start to reject that resistance price we have indicated convincingly.
Long
by Trade_Simple_FX
AUDUSD - Long Trade Idea (ICT)My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe. Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally this move starts to happen after 1am. Then my target would be above the current Buyside Liquidity and into the Sibi 4h above. Confirmation of my trade will be a shift in market structure via a displacement on a lower timeframe and at the specific timing I mentioned.
Long
by Road_2_Funded
Buying AU Following HTF bullish trendWe saw a trend change on HTF and daily supply failed, so we wanted more confirmation to switch to buys, and its always visible on HTF 4H as we see, a big up move and we are yet to mitigate HTF supply, so we for sure not looking to take shorts for now 15m now as we seeing price struggle to go lower and take out the lows and only seeing HH and HL its time to read whats on LTF 5m everything is mitigated on 5m, so no need for price to go lower (unless it needs more liquidity, or we see major news out) 1m entry as we see, price is inducing sellers on that HTF weak supply, initiating mini supply chain on 1m JUST TO BUILD LIQUIDITY and then SWEEP IT will update it as it moves.. lets see
Long
by Cleerboy
Potential Long Swing Position Following the HTF Bullish MoveWe've been bullish for a while now, but price made a correction of that move just yesterday and it swept a lot of buy orders so in theory it has the fuel to continue up from here We are just waiting for it to mitigate a high probability area of demand, and that blue area looks good because it swept liquidity and made a new BOS to the upside on 15m also, that area mitigated previous demand which gives us more confluences for our trade idea to work out and since that area looks messy we can't execute on 15m, so we have to wait for LTF confirmations and better RR 4h target
Long
by Cleerboy