Anglogold Ashanti PLC (FRA:HT3)

Q3 2025 Anglogold Ashanti PLC Earnings Call Transcript

Nov 11, 2025 / 02:00 PM GMT

Release Date Price: €67.9 (+6.09%)

Transcript

Key Points

Positve

Anglogold Ashanti PLC (AU) reported a significant improvement in safety metrics, with a 17% year-on-year reduction in injury frequency rates.
The company achieved a record free cash flow of nearly $1 billion for the quarter, matching the total free cash flow generated in 2024.
Anglogold Ashanti PLC (AU) maintained strong cost control despite inflationary pressures, with total cash costs for managed operations only increasing by 3% year-to-date.
The company declared a substantial dividend, reflecting confidence in its financial outlook and strong cash flow generation.
Production increased by 17% year-on-year, driven by higher contributions from key assets like Obuasi, Kibali, and Cuyaba.

Negative

Persistent inflationary pressures and higher royalties have impacted cost management, with total cash costs rising by 5% year-on-year.
The company faced operational challenges, including lower grades and temporary plant stoppages at certain sites, affecting overall production.
Despite strong financial performance, Anglogold Ashanti PLC (AU) remains cautious about future capital allocation, with potential impacts on shareholder returns.
The company anticipates higher royalty payments due to increased gold prices, which could pressure future earnings.
There is uncertainty regarding the completion of asset sales, such as Sierra Grande, which could affect the company's strategic focus and financial flexibility.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AU.N - Anglogold Ashanti PLC
Q3 2025 Anglogold Ashanti PLC Earnings Call
Nov 11, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen, and welcome to the AngloGold Ashanti 2025 Q3 results. All participants will be in listen-only mode.

The question-and-answer session will follow the formal presentation.

If you should require operator assistance during the call, please signal by keying in and then 0 on your telephone keypad.

Please note that this event is being recorded.

I'll now hand you over to Mrs. Stuart Bailey. Please go ahead. Welcome.

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Unidentified_2 [2]
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To the results. As normal, you have, Alberta and

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