AngloGold Ashanti Q2 Earnings Surge, JSE: ANG Share Price Soars 128% in 2025
AngloGold Ashanti’s exceptional 2025 run continues as soaring gold prices and record Q2 earnings send its shares to fresh highs.
Quick overview
- AngloGold Ashanti's shares have surged over 128% in 2025, reaching R1,025 amid soaring gold prices.
- The company reported record Q2 earnings, with headline earnings up 151% YoY to $639 million and free cash flow increasing 149% YoY to $535 million.
- Gold production rose 25% YoY to 729,000 oz, while the average realized gold price jumped to $3,287 per ounce.
- AngloGold Ashanti's strong financial performance and operational efficiency position it well for continued success in the current market cycle.
AngloGold Ashanti’s exceptional 2025 run continues as soaring gold prices and record Q2 earnings send its shares to fresh highs.
Market Performance and Share Price Surge
AngloGold Ashanti (JSE: ANGJ) has been a standout performer in 2025, with its shares surging over 128% year-to-date. Starting the year at R449, the stock has gained R575 to trade at R1,025 as of yesterday, extending its extraordinary long-term uptrend. A strong rebound last week from the 20-day simple moving average (SMA) further fueled bullish momentum, driving the share price 17% higher this week and 27% above last Thursday’s brief pullback.
Q2 2025 Financial Performance
The company delivered a record-breaking second quarter, with both earnings and free cash flow more than doubling compared to the same period in 2024. This exceptional performance was powered by a 21% increase in gold production, disciplined cost management, and a sharp rise in average gold prices. Combined, these factors strengthened profitability, allowing AngloGold Ashanti to capitalize fully on the ongoing global gold rally.
AngloGold Ashanti Q2 2025 Earnings Highlights
Earnings and Cash Flow Growth
- Headline earnings surged 151% YoY to $639 million, reflecting robust profitability.
- Free cash flow jumped 149% YoY to $535 million, showing strong operational efficiency.
- Net cash inflow from operations reached $1.02 billion, up 142% YoY, signaling improved liquidity and operational performance.
Production and Pricing Strength
- Gold production increased 25% YoY to 729,000 oz, up from 581,000 oz in Q2 2024.
- Average realized gold price rose sharply to $3,287 per ounce, compared with $2,330 a year earlier, boosting revenue and margins.
Financial Ratios and Market Standing
- Pre‑tax profit margin of 28.1% highlights solid profitability amid rising output.
- P/E ratio of 20.93 indicates a balanced valuation given the company’s growth momentum.
- Enterprise value of $25.28 billion reflects strong market positioning against competitors.
Positioning and Market Outlook
With profitability ratios improving and valuation still considered reasonable, AngloGold Ashanti is firmly positioned to benefit from the current market cycle. Its success reflects not only high commodity prices but also operational efficiency and growing investor confidence in its ability to deliver shareholder value.
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