AngloGold Ashanti (AU) Company Report

AngloGold Ashanti PLC reported group gold production of 768 thousand ounces in Q3 2025, an increase from 657 thousand ounces in Q3 2024. For the nine months ended September 2025, production was 2,292 thousand ounces, up from 1,911 thousand ounces in the prior year period.
Gold sold by the group also increased, reaching 764 thousand ounces in Q3 2025 compared to 667 thousand ounces in Q3 2024. Year-to-date, gold sold was 2,302 thousand ounces for the nine months ended September 2025, up from 1,954 thousand ounces in the same period of 2024.
Total cash costs for the group rose to $940 million in Q3 2025 from $769 million in Q3 2024, and all-in sustaining costs increased to $1,314 million in Q3 2025 from $1,078 million in Q3 2024.
Sustaining capital expenditure for the group was $281 million in Q3 2025, compared to $227 million in Q3 2024.
The operating statistics for 2025 include the Sukari operation, which was acquired on November 22, 2024, as part of the Centamin acquisition.

Nov 12, 2025, 11:04 AM

6-K

AngloGold Ashanti plc Reports Strong Q3 2025 Results and Reaffirms 2025 Guidance

Earnings

Dividends

M&A

AngloGold Ashanti plc reported a 109% year-on-year increase in Adjusted EBITDA to $1.6bn and a 141% rise in free cash flow to $920m in Q3 2025.
Gold production for the Group grew 17% year-on-year to 768,000oz in Q3 2025, with total cash costs at $1,225/oz and AISC at $1,720/oz.
An interim dividend of 91 US cents per share was declared for Q3 2025, and the company reaffirmed its full-year 2025 guidance.
The company moved to an Adjusted net cash position of $450m as of September 30, 2025.
The acquisition of Augusta Gold Corp. was completed on October 23, 2025, and the proposed sale of the Serra Grande mine is expected to close by year-end 2025.

Nov 12, 2025, 11:01 AM

6-K

AngloGold Ashanti Reports Strong Q3 2025 Financial and Operational Results

Earnings

Guidance Update

Dividends

AngloGold Ashanti's group gold production for Q3 2025 increased by 17% year-over-year to 768,000 ounces.
The company reported a 141% surge in free cash flow to $920 million and a 185% rise in headline earnings to $672 million for Q3 2025, compared to Q3 2024.
Adjusted EBITDA grew 109% to $1,556 million in Q3 2025, driven by a 40% increase in the average gold price received to $3,490/oz.
AngloGold Ashanti transitioned from an adjusted net debt of $906 million in Q3 2024 to an adjusted net cash position of $450 million in Q3 2025.
The company reaffirmed its full-year 2025 guidance, projecting group gold production between 2,900 and 3,225 thousand ounces and total cash costs between $1,125 and $1,225 per ounce.

Nov 11, 2025, 5:30 PM

Presentation

AngloGold Ashanti Reports Strong Q3 2025 Financial Results and Operational Progress

Earnings

Dividends

New Projects/Investments

AngloGold Ashanti reported a strong Q3 2025 with free cash flow of almost $1 billion, a 141% increase, and headline earnings up 185%. The company achieved an adjusted net cash position of $450 million.
The company maintained strong cost control, with total cash cost for managed operations year-to-date up only 3%, despite macro factors including inflation and royalties totaling 9%.
AngloGold Ashanti declared a Q3 dividend of $460 million, matching the first six months of the year, and maintains a policy of paying out 50% of free cash flow annually.
Operational highlights include tier one assets contributing over 70% of production and 80% of reserves. The company is investing $50 million plus $15 million annually in exploration at Geita to grow reserves by 60% and extend its mine life to 10 years or more, with a planned $100 million mill expansion to increase production by 20% to 600,000 ounces.
The Nevada Arthur complex, with a resource of approximately 16 million ounces, is undergoing a pre-feasibility study, with results anticipated in February 2026.

Nov 11, 2025, 2:00 PM

Transcript

AngloGold Ashanti Reports Strong Q3 2025 Results and Strategic Growth Initiatives

Earnings

Dividends

New Projects/Investments

AngloGold Ashanti reported a strong Q3 2025, with free cash flow of almost $1 billion, adjusted EBITDA growth of 109%, and headline earnings up 185%.
The company achieved its strongest balance sheet ever with an adjusted net cash position of $450 million and declared a Q3 dividend of $460 million, matching the first half of the year.
Production increased 17% year-on-year, while total cash costs for managed operations rose only 3% year-to-date despite inflationary pressures.
Strategic investments include $50 million plus $15 million annually for exploration at Geita to increase reserves by ~60% and extend mine life to 10+ years, with a potential $100 million mill expansion to boost production by 20% to 600,000 oz.
The Nevada Arthur complex, holding a resource of ~16 million oz, is undergoing a pre-feasibility study, with results anticipated in February 2026.

Nov 11, 2025, 2:00 PM

Transcript

AngloGold Ashanti Reports Strong Q3 2025 Results with Record Free Cash Flow and Dividend Declaration

Earnings

Dividends

New Projects/Investments

AngloGold Ashanti reported a strong Q3 2025, achieving almost $1 billion in free cash flow, a 109% increase in adjusted EBITDA, and 185% growth in headline earnings.
The company declared a $460 million dividend for Q3 2025 and ended the quarter with an adjusted net cash position of $450 million.
Operational costs remained well-controlled, with total cash cost for managed operations up only 3% year-to-date, despite a 4.7% realized inflation rate.
Strategic growth initiatives include an additional $15 million per year for exploration at Geita, targeting a 60% increase in reserves and a potential 20% production boost to 600,000 ounces via a $100 million mill expansion.
Tier one assets now contribute over 70% of production and 80% of reserves, with the sale of Sierra Grande expected to finalize by year-end to enhance focus.

Nov 11, 2025, 2:00 PM

Transcript

AngloGold Ashanti Reports Strong Q3 2025 Results with Record Free Cash Flow and Advancing Growth Projects

Earnings

Dividends

New Projects/Investments

AngloGold Ashanti reported a strong Q3 2025, with free cash flow of almost $1 billion, adjusted EBITDA growth of 109%, and headline earnings up 185%. The company achieved an adjusted net cash position of $450 million, marking its strongest balance sheet ever.
The company declared a Q3 dividend of $460 million, matching the first six months of the year, and maintains a policy of paying out 50% of free cash flow annually.
Operational performance saw production increase 17% year-on-year, with total cash costs for managed operations up only 3% year-to-date despite macro factors impacting costs by 9%.
AngloGold Ashanti is advancing significant growth projects, including a $50 million exploration investment at Geita to increase reserves by 60% and a conceptual $100 million mill expansion to boost production by 20% to 600,000 ounces. The Nevada Arthur complex holds a resource of around 16 million ounces, with pre-feasibility study results expected in February next year.

Nov 11, 2025, 2:00 PM

Transcript

AngloGold Ashanti Terminates Option Agreement for Latin Metals' Organullo Gold Project

New Projects/Investments

M&A

AngloGold Argentina Exploraciones S.A. has provided Latin Metals Inc. with notice to terminate its option agreement for an up to 80% interest in the Organullo, Ana Maria, and Trigal properties.
The notice was dated October 29, 2025, with the termination becoming effective on January 27, 2026.
AngloGold's decision to withdraw is due to a change in its global Greenfields Exploration strategy, rather than technical issues with the Organullo project.
During the option period, AngloGold invested approximately US $3.3 million in exploration and permitting activities for the project.
Latin Metals' President and CEO, Keith Henderson, noted that the 100%-owned Organullo project remains drill-permitted, and the company is confident in attracting a new partner, especially with 2025 gold prices exceeding US$4,000 per ounce.

Oct 30, 2025, 1:00 PM

Press Release

AngloGold Ashanti Reports Strong H1 2025 Financial Results and Confirms 2025 Guidance

Earnings

Guidance Update

Dividends

AngloGold Ashanti reported strong financial results for H1 2025, with Adjusted EBITDA increasing 129% to $2.56 billion and Free Cash Flow (FCF) growing 245% to $938 million. Adjusted Net Debt decreased 92% year-on-year to $92 million.
For Q2 2025, total gold production was 804 thousand ounces , with All-in Sustaining Costs (AISC) at $1,666/oz and Total Cash Costs (TCC) at $1,226/oz.
The company confirmed its 2025 guidance, projecting gold production between 2,900 and 3,225 thousand ounces and All-in Sustaining Costs between $1,580 and $1,705 per ounce. An H1 2025 dividend of approximately $470 million was declared, representing 50% of FCF , with production and cash flow expected to be weighted toward Q4 2025.