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Profile - Ashanti Goldfields Co. (NYSE:ASL)
As of 31-Aug-2001
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Recent Events
Aug  9Price hit new 52-week high ($4.18)
Location
Gold House, Patrice Lumumba Rd
Roman Ridge, PO Box 2665
Accra, Ghana, Ghana
Phone: (332) 177-2190
Employees (last reported count): 10,429
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Basic Materials
 ·Industry: Gold & Silver
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 94%
·Institutional: 21% (351% of float)
(50 institutions)
·Net Inst. Selling: 4.42M shares (+23.13%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Ashanti Goldfields Company Limited is primarily engaged in the mining and processing of gold ores and the exploration and development of gold properties in Africa. In 1999, the Company produced a total of 1,561,536 ounces of gold and as of December 31,1999, the Company had recoverable proven and probable gold reserves of 22.6 million ounces. Ashanti's operations are principally in Ghana, but the Company also has significant mining operations in Guinea and Zimbabwe and a project under construction in Tanzania. In the year ended December 31, 1999, Ashanti completed the expansion of the Siguiri mine increasing the mines production capacity to eight million tons per annum (mtpa) and as of December 31, 1999, the construction of the Geita project in Tanzania was approximately 50% complete. Ashanti also owned a 50% interest in the Golden Pride mine in Tanzania, which interest was sold during the year ended December 31, 1999.
More from Market Guide: Expanded Business Description

Financial Summary
Ashanti Goldfields Co. is engaged in the mining and processing of gold ores and the exploration and development of gold properties in Africa. For the six months ended 6/30/01, revenues decreased 7% to $269.4 million. Net income rose 74% to $23.1 million. Revenue reflects decreased gold production in Obuasi and other mines. Earnings benefitted from improved operating margins, along with decreased interest expense.
More from Market Guide: Significant Developments

Officers

Position
Michael Beckett, 64Chairman
Sam Jonah, 50CEO
Srinivasan VenkatakrishnanCFO
Trevor Schultz, 57Chief Operating Office
James Anaman, 53Managing Director of Public Affairs
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:ASLAs of 31-Aug-2001
Price and Volume
52-Week Low
on 28-Dec-2000
$1.563
Recent Price$4.10 
52-Week High
on 9-Aug-2001
$4.18 
Beta0.13 
Daily Volume (3-month avg)166.8K
Daily Volume (10-day avg)67.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+39.6%
52-Week Change
relative to S&P500
+87.2%
Share-Related Items
Market Capitalization$460.6M
Shares Outstanding112.3M
Float6.70M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$2.69 
Earnings (ttm)-$1.17 
Earnings (mrq)$0.12 
Sales (ttm)$4.94 
Cash (mrq)$0.58 
Valuation Ratios
Price/Book (mrq)1.53 
Price/EarningsN/A 
Price/Sales (ttm)0.83 
Income Statements
Sales (ttm)$562.2M
EBITDA (ttm)$173.5M
Income available to common (ttm)-$131.3M
Profitability
Profit Margin (ttm)-23.2%
Operating Margin (ttm)-21.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-11.28%
Return on Equity (ttm)-38.87%
Financial Strength
Current Ratio (mrq)0.75 
Debt/Equity (mrq)1.36 
Total Cash (mrq)$64.8M
Short Interest
As of 8-Aug-2001
Shares Short9,000 
Percent of Float0.1%
Shares Short
(Prior Month)
20.0K
Short Ratio0.05 
Daily Volume190.0K
ADR Information
Shares/ADR1
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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