Anglogold Ashanti Ltd. (AU)

Anglogold Ashanti Ltd., traded under the symbol AU-N, faces a challenging landscape as neither it nor its competitor, IMG, is positioned in the lowest-cost quartile among gold producers. While IMG has shown significant improvements and is touted as the most-improved gold story in Canada, the overall sentiment remains cautious. The expert expressing these views identifies as a gold bull but does not consider either company worthy of a place in his Top 20 picks. This indicates a lack of confidence in immediate investment potential, suggesting that while there may be favorable developments, both stocks are presently viewed as having limited appeal compared to leading options in the gold sector.