AngloGold Ashanti has reported a near tripling of full-year profit for 2025, driven largely by record gold prices and increased production, while also declaring nearly 5 million ounces in reserves at its U.S. greenfield project.
The miner’s headline earnings surged to $2.725 billion for the year ended December 2025, up sharply from $954 million the previous year.
Production Up 16%
AngloGold produced 3.1 million ounces of gold in 2025, representing a 16% increase year-on-year. The growth was mainly attributed to the first full-year contribution from the Sukari mine in Egypt, following the company’s acquisition of a 50% stake in 2024.
The performance was further boosted by a strong gold price environment. Spot gold prices surged more than 60% last year to record highs, with the company receiving an average gold price 45% above the prior year.
This supported a quarterly dividend of $1.73 per share, bringing total shareholder payouts for 2025 to $1.8 billion.
U.S. Greenfield Breakthrough
AngloGold also announced initial mineral reserves of 4.9 million ounces at its Arthur Gold Project in Nevada following pre-feasibility studies. The discovery now ranks as the second-largest reserve in the company’s asset portfolio.
The study supports:
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An estimated nine-year mine life
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Average annual production of approximately 500,000 ounces
Capital expenditure for the project is forecast at $3.6 billion.
CEO Alberto Calderon described the project as a transformational milestone.
“What started only a few years ago as an ambitious exploration thesis has now evolved into one of the largest and most significant greenfield gold discoveries of this century in the U.S.,” he said during a results call.
Strategic Shift to the Americas
Formed in 1998 after being spun off from Anglo American plc’s South African gold assets, AngloGold Ashanti has since expanded globally.
The company operates in:
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Australia
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Ghana
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Tanzania
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Guinea
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Democratic Republic of Congo
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Brazil
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Egypt
It sold its last South African mines in 2020 and later shifted its primary listing and headquarters from Johannesburg to New York and London, respectively, as part of a strategic expansion into the Americas.
With rising production, record gold prices and a significant U.S. reserve addition, AngloGold Ashanti appears positioned for sustained growth as it deepens its footprint across key mining jurisdictions.
Source: Accra Business News
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