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Huge Brexit bonanzas for AngloGold, Gold Fields – Moody’s

As a result of Britain deciding to exit the European Union, two South African gold mining companies are heading for huge free cash bonanzas, ratings agency Moody’s said on Monday. AngloGold Ashanti is set to generate an additional $120-million in free cash flow in the second half of 2016 and Gold Fields an additional $50-million free cash, Moody’s assistant VP-analyst Douglas Rowlings said in a release to Creamer Media’s Mining Weekly Online.