Investec Analyst's questions to AngloGold Ashanti (AU) leadership • Q1 2025
Question
An analyst from Investec asked about the company's stance on hedging gold prices and its current perspective on mergers and acquisitions (M&A).
Answer
CEO Alberto Calderon reiterated the company's policy is not to hedge gold production, viewing it as speculation. On M&A, he stated the company's primary focus remains internal on operational discipline, cost control, and integrating Sukari, with the business development team concentrated on divestitures rather than acquisitions.