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AngloGold Ashanti reports 671% increase in headline earnings in its first quarter for 2025
May 12, 2025
|Cape Times
ANGLOGOLD Ashanti's headline earnings soared by 671% to $447 million following a 22% increase in production in the first quarter to end March, good cost management and a rising gold price, the group said Friday.
In addition to these numbers that indicate a very strong performance, AISC (all-in sustaining costs) increased by only 1%, while free cash increased by 607% to $403m. The previous guidance for the remainder of the year was reaffirmed.
"This is a very strong start to the year, particularly at our managed operations," CEO Alberto Calderon said in a statement. An interim dividend of $63m or 12.5 US cents a share was declared for the first quarter, in line with the new quarterly dividend policy.
AngloGold's share price had traded higher by 2.94% on Friday afternoon to R808.88 per share, a price already 77.3% higher than a year ago.
هذه القصة من طبعة May 12, 2025 من Cape Times.
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