Gold mining company AngloGold Ashanti on Monday delivered a near fivefold increase in in free cash flow in the third quarter of 2020, which has resulted in the company’s adjusted net debt falling to its lowest level in almost a decade and supporting the decision to double its dividend payout ratio. The Johannesburg- and New York-listed company will pay shareholders 20% of its free cash flow before accounting for capital expenditure in growth projects, up from 10% previously.
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