AngloGold Ashanti Plc (AU) A Top Goldman Sachs Pick On 4.9M Gold Ounce Reserve in Nevada

Anglogold Ashanti Plc (NYSE:AU) is one of Goldman Sachs top gold stock picks. On April 16, Morgan Stanley raised its price target on Anglogold Ashanti Plc (NYSE:AU) to ZAR 165,000 from ZAR 150,000 while maintaining an Equal Weight rating, citing higher gold price assumptions that led to upward revisions in its earnings estimates across the gold sector.

Earlier on March 27, Roth Capital cut its price target on Anglogold Ashanti Plc to $103 from $122 while maintaining a Buy rating, citing a pullback in gold prices. The firm noted that the company’s preliminary feasibility study for its Arthur project in Nevada showed strong economics, but adjusted its target to reflect the softer commodity outlook.

On March 26, AngloGold Ashanti reaffirmed that its Arthur Gold Project in Nevada is a tier-one asset with strong economics and long-term potential, supported by a pre-feasibility study outlining 4.9 Moz in probable reserves and a nine-year mine life producing around 500,000 ounces annually. The company also highlighted additional resources at the Merlin deposit, positioning Arthur as a key pillar in its strategy to build a large-scale, long-life production platform and drive sustained shareholder value.

AngloGold Ashanti Plc (NYSE:AU) is a global gold mining company that explores for, develops, mines, and processes gold, along with producing silver and Sulphuric acid as byproducts. It operates a diverse portfolio of mines in Africa, the Americas, and Australia, with a focus on sustainable mining practices and community development.

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