AngloGold Ashanti reported a sharp rise in full-year earnings on Friday, with profit nearly tripling in 2025 as record gold prices and higher production boosted performance.
The company posted headline earnings of $2.725 billion for the year ended December 2025, up from $954 million the previous year, as seen on Reuters.
Gold production reached 3.1 million ounces in 2025, marking a 16% increase compared with 2024. The growth was largely driven by the first full-year contribution from the Sukari mine in Egypt, where the company acquired a 50% stake in 2024.
Spot gold prices surged more than 60% last year, hitting a series of record highs. As a result, AngloGold received an average gold price that was 45% higher than the previous year.
The stronger pricing environment enabled the company to declare a quarterly dividend of $1.73 per share, bringing total shareholder payouts for 2025 to $1.8 billion.
Don’t Miss This:
South African Gold Miner Strikes $1.08 Billion Deal To Take Over Australian Firm
The miner also announced initial mineral reserves of 4.9 million ounces at its Arthur Gold Project in Nevada following pre-feasibility studies.
This makes the project the second-largest reserve in AngloGold’s asset portfolio.
The study outlines an initial mine life of nine years, with estimated average annual production of about 500,000 ounces. Capital expenditure for the project is projected at $3.6 billion.
“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.,” AngloGold CEO Alberto Calderon said during a results call.
AngloGold, established in 1998, previously held South African gold assets under Anglo American Plc before being spun off from the parent company.
Today, it operates in Australia, Ghana, Tanzania, Guinea, the Democratic Republic of Congo, Brazil, and Egypt.
The company sold its remaining South African mines in 2020 and later shifted its primary listing to New York and its headquarters to London as part of a strategy to expand further across the Americas.
Don’t Miss This:
South Africa’s Gold Sector Aims Revival After Years Of Decline
Image Credit: The Indian Express
