July 22 (Bloomberg) -- AngloGold Ashanti Ltd.’s planned purchase of a stake in First Uranium Corp. is “opportunistic,” AngloGold Chief Executive Officer Mark Cutifani said.

The price the gold mining company will pay for the stake was “reasonable,” Cutifani said in an interview on Johannesburg-based CNBC Africa television today.

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net