UK AngloGold Ashanti reported a pointy rise in earnings and free money circulate within the second quarter of 2025 (Q2 2025), greater than doubling its efficiency in comparison with the identical interval final 12 months. The surge was primarily pushed by a 25% year-on-year enhance in gold manufacturing, reaching 804,000 ounces (oz) from managed operations at Egypt’s Sukari Gold Mine, alongside robust operational outcomes from key belongings in Ghana and Tanzania.
In Egypt, the corporate recorded a rise in gold manufacturing from the Sukari gold mine amounting to 129,000oz in Q1 2025, in comparison with 120,00oz throughout the identical interval final.
As well as, the mine carried out in step with expectations, delivering gold manufacturing of 246,000oz within the first half of 2025 (H1 2025), up from 225,000oz in H1 2024, at a complete money price of $750 per ounce.
Gold manufacturing on the Sukari mine rose by 9% year-on-year in H1 2025 in comparison with H1 2024, pushed primarily by increased float feed grades and improved plant recoveries, partially offset by decrease milled tonnage because of the mill reline being introduced ahead, the corporate mentioned.
“That is one other robust end result that once more demonstrates our give attention to price management and the optimistic momentum we’re constructing throughout the enterprise,” mentioned CEO Alberto Calderon. “We’re reaping the advantages of constant manufacturing and money circulate development, supported by disciplined capital allocation.”
The corporate reported a 151% year-on-year surge in headline earnings, reaching $639 million in Q2 2025, up from $255 million in Q2 2024. Free money circulate additionally jumped by 149% YoY to $535 million, in comparison with $215 million a 12 months earlier.
Internet money influx from working actions climbed to $1.02 billion in Q2 2025, marking a 142% YoY enhance from $420 million in Q2 2024. The typical gold worth obtained per ounce rose considerably to $3,287, up from $2,330 in the identical interval final 12 months.
In July 2025, AngloGold, the Mineral Sources and Mining Industries Authority (MRMIA), and the Egyptian Minister of Petroleum and Mineral Sources signed a brand new Mannequin Mining Exploitation Settlement (MMEA), protecting the exploration license held by Centamin Central Mining S.A.E. The license shall be issued as a particular legislation and signed by the related events in This autumn 2025.
In Could, the corporate accomplished the sale of its Archean-Birimian Contact (ABC) and Doropo exploration belongings in Côte d’Ivoire. A month later, it introduced plans to divest the Serra Grande mine in Brazil.
On the identical time, AngloGold Ashanti ramped up improvement actions in Nevada’s Beatty District, together with a proposed acquisition of Augusta Gold. The transfer goals to strengthen the corporate’s foothold in some of the promising rising gold areas within the US and assist the rollout of a unified regional improvement technique.
