Anglo American PLC

Anglo American PLC (LSE: AAL) is an FTSE 100 listed Mining Company with operations in Australia, Southern Africa, South America, and North America, and is headquartered in London, United Kingdom.    

FY23 Results (Released on 21 February 2024)

• Financial Update: The company reported a total Revenue of USD 30,652 mn in FY23 as compared to USD 35,118 mn in FY22, whereas the Profit Attributable to Equity shareholders declined to USD 283 mn in FY23 versus USD 4,514 mn in FY22.
• Underlying EBITDA: The Underlying EBITDA in FY23 stood at USD 9,958 mn as compared to the Underlying EBITDA of USD 14,495 mn in FY22. The decline was majorly due to the lower prices in PGMs along with the decline in the average realized prices of the diamonds sold in the reported period (FY23).
• Dividend: The management announced the full-year dividend of 0.41 US cents per share which will be paid on 03 May 2024.
• Outlook: The management expects the production guidance for Choile to be between 430,000 tonnes and 460,000 tonnes which is subject to the availability of the water and the unit cost guidance is close to 190 c/lb in FY24. The production guidance for Peru is estimated to be range from 300,000 tonnes to 330,000 tonnes and the unit cost guidance to be close to 110c/lb in FY24.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Anglo American PLC (LSE: AAL) was trading at the closing market price of GBX 1,786.00  (as of 23 February 2024)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 23 February 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.