AngloGold Ashanti Share Price JSE: ANG Heads to Highs on Tripling Profit and Record Shareholder Payout
AngloGold Ashanti shares jumped more than 4.5% on Friday as record profits and shareholder payouts fueled a renewed push toward all-time...
Quick overview
- AngloGold Ashanti shares rose over 4.5% following record profits and significant shareholder payouts.
- The company's headline earnings nearly tripled to $2.725 billion in 2025, driven by high gold prices and increased production.
- Total gold production reached 3.1 million ounces, a 16% increase year-on-year, bolstered by the Sukari mine's full-year contribution.
- AngloGold also announced substantial reserves at its Arthur project in Nevada, enhancing its long-term growth prospects.
AngloGold Ashanti shares jumped more than 4.5% on Friday as record profits and shareholder payouts fueled a renewed push toward all-time highs.
Record Earnings and Shareholder Returns
AngloGold Ashanti delivered a standout performance for the year ended December 2025, with headline earnings climbing to $2.725 billion from $954 million a year earlier. The near tripling in profit was largely driven by soaring gold prices and higher production levels.
The company benefited from a sharp rise in bullion prices, which significantly boosted margins and cash generation. Strong free cash flow enabled AngloGold to increase shareholder returns, marking one of the largest payout years in its history.
Production Growth Strengthens Outlook
Total gold production reached 3.1 million ounces in 2025, up 16% year-on-year. A major contributor to this growth was the first full-year impact of the Sukari mine in Egypt, where AngloGold acquired a 50% stake in 2024.
The company also announced nearly 5 million ounces in declared reserves at its Arthur project in Nevada, reinforcing its long-term growth pipeline in the United States. CEO Alberto Calderon described the discovery as one of the most significant greenfield gold finds of this century in the US.
With rising production, expanding reserves, and strong gold prices, AngloGold enters 2026 in a solid financial position, though continued performance will depend on commodity price stability and disciplined capital execution.
Rally Resumes After The Flash Dip
Following an impressive year-long surge, AngloGold Ashanti’s (JSE: ANG) stock faced a pullback in late January as gold prices tumbled lower from nearly $6,000 to $4,400, losing around 25% of the value, which led to a deep pullback in ANGJ shares to R1,260, down 33% in just a few days, from the record highs of R1,885.
ANGJ Chart Daily – The 100 SMA Held As Support
Yet, the correction found technical support at key moving averages, and buyers came back in force, signaling a revival in the broader uptrend, as Gold climbed above $5,000.
ANGJ Chart Weekly – Off to New Highs As the 20 SMA Keeps Holding
On the weekly chart, ANGJ shares have been found support at the 20-day simple moving average (gray) which was broken last month during the pullback but the price soared back up, bolstered by positive earnings and a firmer gold price and earnings report, suggests that the recent correction may have been a healthy consolidation within a longer-term uptrend.
AngloGold Ashanti 2025 Earnings Report
📊 Financial Performance
- Headline earnings surged to $2.725 billion for the year ended December 2025
- Up sharply from $954 million in 2024
- Profit nearly tripled year-on-year, supported by:
- Record-high gold prices
- Higher production volumes
- Average realized gold price was 45% higher than the prior year
- Declared a quarterly dividend of $1.73 per share
- Total shareholder payouts for 2025 reached $1.8 billion
🏭 Production Highlights
- Total gold production: 3.1 million ounces in 2025
- 16% increase compared to the previous year
- Growth largely driven by:
- First full-year contribution from the Sukari mine in Egypt
- Acquisition of a 50% stake in Sukari completed in 2024
🇺🇸 US Project – Arthur, Nevada
- Announced initial mineral reserves of 4.9 million ounces
- Located at the Arthur gold project in Nevada
- Now the second-largest reserve in AngloGold’s portfolio
- Pre-feasibility study outlines:
- Estimated nine-year mine life
- Average annual production of ~500,000 ounces
- Forecast capital expenditure: $3.6 billion
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