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AngloGold Ashanti Agrees Sale of Côte d'Ivoire Projects

1. AngloGold Ashanti sells Ivorian gold projects to Resolute Mining. 2. Focus shifts toward U.S. operating assets and development projects.

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Why Bullish?

The sale indicates a strategic pivot towards higher-value U.S. assets, potentially boosting investor confidence. Historical instances such as Goldcorp's focus on North American projects led to stock price appreciation.

How important is it?

The strategic shift to U.S. assets could lead to elevated earnings growth, making it crucial for market perception.

Why Long Term?

Over time, the concentration on U.S. projects is likely to yield higher returns, similar to Barrick Gold's success in optimizing its asset portfolio.

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GOLDNEMAUY
LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) has agreed to sell its interests in two gold projects in Côte d'Ivoire to Resolute Mining Limited (“Resolute”) as it continues to sharpen its focus on its operating assets and development projects in the United States. The Company will sell Centamin West Africa Holdings Limited (“CWAH”), which owns the Doropo Project and the Archean-Birimian Contact (“ABC”) Project in Côte d'Ivoi.

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