Adrian Hammond

Christopher Nicholson

Raj Ray

Tanya Jakusconek

Adrian Day

Leroy Mnguni

Martin Creamer

Investec Analyst

Joshua Wolfson

Name Withheld

- 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**.  **[1973832_0000950157-25-000782_ex99-1.htm:7]**  Adjusted Net Debt decreased **92%** year-on-year to **$92 million**.  **[1973832_0000950157-25-000782_ex99-1.htm:7]** 
- For Q2 2025, total gold production was **804 thousand ounces**  **[1973832_0000950157-25-000782_ex99-1.htm:13]** , with All-in Sustaining Costs (AISC) at **$1,666/oz**  **[1973832_0000950157-25-000782_ex99-1.htm:12]**  and Total Cash Costs (TCC) at **$1,226/oz**.  **[1973832_0000950157-25-000782_ex99-1.htm:13]** 
- 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**.  **[1973832_0000950157-25-000782_ex99-1.htm:10]** **[1973832_0000950157-25-000782_ex99-1.htm:17]**  An H1 2025 dividend of approximately **$470 million** was declared, representing **50%** of FCF  **[1973832_0000950157-25-000782_ex99-1.htm:7]** **[1973832_0000950157-25-000782_ex99-1.htm:11]** , with production and cash flow expected to be **weighted toward Q4 2025**.  **[1973832_0000950157-25-000782_ex99-1.htm:10]**

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

AngloGold Ashanti (AU)