[miningmx.com] – SHARES in AngloGold Ashanti continued to appreciate this week following a strong third quarter operational performance and which led HSBC to lift its rating of the stock, said BDLive.
“AngloGold’s share price is presently below January levels and the gold price is virtually unchanged since then. We believe that should risk around the gold price once more abate, we may see a similar recovery develop,” said the bank.
AngloGold announced on November 3 that it intended to reduce net debt by $3bn over the next three years, part of which would be achieved through the sale or partial sale of certain assets.
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