An Investec Analyst's questions to Anglogold Ashanti PLC (AU) leadership • Q1 2025
Question
An analyst from Investec asked about the company's interest in hedging to lock in high gold prices and its current perspective on mergers and acquisitions.
Answer
Executive Alberto Calderon firmly stated that the company's policy is not to hedge, as it provides natural leverage to the gold price. Regarding M&A, he emphasized that the focus is internal on operational excellence and integrating Sukari, with the business development team concentrated on divestitures rather than large-scale acquisitions.