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AngloGold Ashanti lists more shares on GSE

By Kofi Ahovi
AngloGold Ashanti (AGA) has listed an additional 33,282 ordinary shares on the Ghana Stock Exchange (GSE) bringing the total number of listed shares to 362,273,951.

This was as a result of the company issuing and listing additional ordinary shares in January this year on the Johannesburg Securities Exchange in South Africa.

The shares were issued under the AngloGold Ashanti Share Incentive Scheme.

Currently, AGA Share price is trading at GH¢30. The company has a stated capital of US$3,364,000,000 and it was listed on GSE in April 2004.

Recently, Anglogold Ashanti and Randgold Resources jointly acquired a further 20% of the Moto Gold Project, increasing their stake to 90%.

The two institutions acquired the 20% stake for an aggregate consideration of approximately US$113.6 million from L’Office des Mines d’Or de Kilo-Moto (OKIMO).

A feasibility study in March last year envisaged an operation with probable mineral reserves of 5.5 million ounces, which is planned to produce about 2.4 million ounces of gold in its first five years of production.

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