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AngloGold Ashanti Plc

AU

AngloGold Ashanti Plc • NYSE
$85.68 ▼ -2.64% (-2.32)
Market Cap $43.26 B
52w High $89.19
52w Low $22.45
Dividend Yield 2.52%
P/E 34.27
Volume 4.57M
Outstanding Shares 504.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.445B $198M $669M 27.362% $1.33 $1.09B
Q2-2025 $2.445B ▲ $198M ▲ $669M ▲ 27.362% ▲ $1.33 ▲ $1.09B ▲
Q1-2025 $1.963B ▲ $92M ▼ $443M ▲ 22.567% ▲ $0.88 ▲ $770M ▲
Q4-2024 $1.491B $138M $223M 14.956% $0.53 $436M ▼
Q3-2024 $1.491B $138M $223M 14.956% $0.53 $609M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $2.546B ▲ $14.836B ▲ $5.282B ▲ $7.69B ▲
Q2-2025 $2.001B ▲ $14.129B ▲ $4.838B ▲ $7.416B ▲
Q1-2025 $1.491B ▲ $13.391B ▲ $4.714B ▲ $6.774B ▲
Q4-2024 $1.425B ▲ $13.157B ▲ $4.644B ▲ $6.629B ▲
Q3-2024 $1.232B $8.801B $4.629B $4.127B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $669M ▲ $1.064B ▲ $-318.892M ▼ $-170.698M ▲ $502M ▼ $694.536M ▲
Q2-2025 $0 $1.018B ▲ $-277M ▼ $-185M ▲ $528M ▲ $668M ▲
Q1-2025 $0 ▼ $725M ▲ $-206M ▲ $-457M ▼ $61M ▼ $422M ▲
Q4-2024 $223M $606M $-209M $-151M $242M $339M
Q3-2024 $223M $606M $-209M $-151M $242M $339M

Revenue by Products

Product Q2-2023Q4-2023
Spot Revenue
Spot Revenue
 $2.05Bn ▲$2.16Bn ▲

Five-Year Company Overview

Income Statement

Income Statement AngloGold Ashanti’s sales have grown over the past few years, with a particularly strong step-up in the most recent year. Profitability has improved meaningfully, with healthier operating margins and a clear rebound in net income after a weak patch in 2023. This pattern reflects both better cost control and a supportive gold price environment, but it also shows that earnings can swing when conditions or one-off factors turn less favorable. Overall, the income statement now looks robust, yet still clearly exposed to gold price cycles and operational disruptions.

Balance Sheet

Balance Sheet The balance sheet has strengthened, with total assets and shareholders’ equity rising significantly in the latest year, suggesting portfolio growth and a thicker capital cushion. Debt levels have stayed fairly steady, so leverage has effectively eased as equity has grown, which reduces financial strain. Cash on hand has also improved, giving the company more flexibility to fund projects or manage volatility. The trade-off is a larger asset base that must continue to earn good returns to justify the expansion.

Cash Flow

Cash Flow Cash generated from day-to-day operations has generally been solid, with a dip in 2023 but a strong recovery afterward. Free cash flow has been positive in most years, but it has been held back at times by heavy investment spending, especially in growth and sustaining projects. This pattern points to a business that can fund its own development over time, though periods of intense capital spending can temporarily squeeze free cash flow. The current trend shows better conversion of profits into cash, which supports balance sheet health and strategic flexibility.

Competitive Edge

Competitive Edge AngloGold Ashanti holds a diversified portfolio of mines across several continents, which spreads political and operational risk compared with more concentrated peers. Its focus on cost control, operational excellence, and safety helps it stay competitive, especially when gold prices soften. Access to major capital markets and ongoing portfolio reshaping, including acquisitions and disposals, further support its positioning. However, it still faces intense competition from other large gold miners and ongoing exposure to country-specific risks in some jurisdictions.

Innovation and R&D

Innovation and R&D The company is leaning heavily into technology, with reef boring, automation, and data analytics at the center of its innovation story. These efforts aim to improve safety, lower costs, and unlock ore bodies that were previously difficult or uneconomic to mine. Investments in renewable energy and strong environmental, social, and governance initiatives are intended to strengthen its license to operate and lower long-term operating costs. Success will depend on executing these technologies at scale and delivering real, measurable efficiency gains rather than just promising pilots.

Summary

AngloGold Ashanti appears to be in a stronger financial and strategic position than a few years ago, with better profitability, a sturdier balance sheet, and healthier cash generation. Its diversified asset base, technology-driven approach, and sustainability focus provide meaningful advantages in a volatile and highly scrutinized industry. At the same time, the company remains tied to the ups and downs of the gold price, the risks of large capital projects, and the complexities of operating in multiple political environments. Future performance will hinge on continued discipline in costs and capital spending, successful delivery of key growth projects, and the ability to turn its innovation pipeline into durable competitive gains.

NEWS

November 26, 2025 · 6:06 AM UTC

Dealings in Securities by an Executive Director of AngloGold Ashanti plc

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November 11, 2025 · 6:10 AM UTC

AngloGold Ashanti Q3 and Nine Months Ended 30 September 2025 Earnings Release and Dividend Declaration

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October 30, 2025 · 9:00 AM UTC

AngloGold Ashanti Terminates Option for Organullo Gold Project, Salta Province, Argentina

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October 23, 2025 · 6:30 AM UTC

AUGUSTA GOLD ANNOUNCES COMPLETION OF ACQUISITION BY ANGLOGOLD ASHANTI

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October 3, 2025 · 6:08 AM UTC

AngloGold Ashanti plc Announces Appointment of Non-Executive Director

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