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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (88422)	7/30/2002 9:34:45 AM
From: Zardoz	Read Replies (1) \| Respond to of 116764

Yesterday was: "The Miner's Rally"

To: IngotWeTrust who wrote (88422)	7/30/2002 8:01:34 PM
From: goldsheet	Read Replies (2) \| Respond to of 116764

$20 Saint was auctioned today at a final price of $7.59 million (6.6 hammer+ 15% buyer's premium + $20 property fee) REF: search.sothebys.com

To: IngotWeTrust who wrote (88422)	7/31/2002 11:49:34 AM
From: long-gone	Respond to of 116764

Equity Alert on AU AngloGold Reports Another Sound Quarter NEW YORK, NY, Jul 31, 2002 (INTERNET WIRE via COMTEX) -- AngloGold (NYSE: AU) today announced solid earnings for its second quarter ended June 30, 2002. Key features of the quarter include: -- Hedge book reduced by a further 2.4Moz (165% of quarter's production) to 10.5Moz -- Operating profit up 10% to $162m -- Headline earnings marginally lower at $87m -- Production up 4% to 1.4Moz despite seismic events at Great Noligwa -- Strengthening rand contributes to 7% ($10/oz) increase in total cash costs to $161/oz Highlights for the six months include: -- Operating profit up 31% to $309m -- Headline earnings up 44% to $176m -- Total cash costs down 17% to $156/oz -- Interim dividend of R13.50/share ($0.66/ADS for illustrative purposes) giving an annualized yield of 6.6% AngloGold CEO Bobby Godsell said the quarter has again seen a significant reduction in the company's hedge book, which came down a further 2.4 million ounces, following the 1.7 million ounce reduction reported in the first quarter this year. "The hedge has been reduced in the light of the more positive medium- and long-term prospects for the gold price, as well as the improved margins and lower cost base of AngloGold's production," he explained. The quarter also saw continued strong operational performance, with operating profit up 10% to $162 million, net profit up 11% to $79 million and headline earnings marginally lower at 79 US cents per share. Referring to the new minerals legislation in South Africa, he said: "Mineral rights will now be leased from the State rather than owned outright and will require a commitment to black economic empowerment and social development. AngloGold supports both of these broad policy objectives although they must be achieved in a responsible way. In a joint statement issued yesterday with the mining industry and trade unions, the Department of Minerals and Energy confirmed that the draft charter, which was leaked last week, does not represent official government policy." Commenting on the $90 million acquisition of an increased stake in the Cerro Vanguardia mine in Argentina announced yesterday, Godsell noted that this would deliver an additional 130,000 ounces a year and pointed out that this operation had achieved total cash costs of $101 per ounce for the first six months of 2002. AngloGold's second quarter earnings call is scheduled for today, Wednesday, July 31, at 10am EST. Participants can access the call in North America by dialing (800) 267-9155 or (706) 634-0083 and referencing 'AngloGold.' A replay will be available approximately two hours after the completion of the call from July 31 through August 14. To access the replay, dial (800) 642-1687 or (706) 645-9291 and reference the conference ID# 4764956. For a full copy of the quarterly results, please visit the AngloGold website at www.anglogold.com. Disclaimer for the historical information contained herein, there are matters discussed in this presentation that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to, development of the Company's business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report for the year ended December 31, 2001, which was filed with the Securities and Exchange Commission on March 18, 2002. CONTACT: Charles Carter North American investor relations AngloGold 212-750-7999