AGG 1.55% $5.90 anglogold ashanti limited

Thanks... AGG should be OK with A$ as it's Aussie production is...

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  1. 11,173 Posts.
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    Thanks... AGG should be OK with A$ as it's Aussie production is only an eighth of its 4 million oz a year. It's unhedged. So it benefits from rising USD gold in local currencies but reports in USD. Still blue chip goldminer. Massive profit if gold goes up more as highly geared. $800m so far since gold low every $ up in gold is $4m for AGG. I'd buy IGO if didn't have so many base metals but good when economies recover. Still cheap.
 
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Currently unlisted public company.

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