AngloGold to conserve cash amid Covid-19 spread

Gold miner AngloGold Ashanti is implementing cash conservation measures, including focused capital prioritisation and reducing non-essential spending across the business, and is well positioned to weather the current market uncertainty. At the end of 2019, the company had $463-million of cash, $2-billion of debt and revolving credit facilities (RCF) with $1.42-billion and R4.65-billion available.