UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
Commission File Number: 001-41815
AngloGold Ashanti plc
(Translation of registrant’s name into English)
4th Floor, Communications House, South
Street
Staines-upon-Thames, Surrey TW18 4PR
United Kingdom
6363 S. Fiddlers Green Circle, Suite 1000
Greenwood Village, CO 80111
United States of America
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Enclosure: AngloGold Ashanti Operating Statistics for the Three Months Ended 31 March
2025
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 2 | ![]() | ||||

NYSE I JSE I GSE
Q1 2025
OPERATING STATISTICS
9 MAY 2025
MINING TO EMPOWER PEOPLE
AND ADVANCE SOCIETIES
Reporting method | |||||
During the financial year ended 31 December 2024, AngloGold Ashanti’s reporting for managed operations shifted from an attributable basis of reporting to a consolidated basis of reporting. The change in reporting only impacts managed operations with non-controlling interests (i.e., Siguiri, Cerro Vanguardia and Sukari), whereas joint operations (i.e., Tropicana), which are proportionately consolidated, remain unaffected. Non-managed joint ventures (i.e., Kibali), which are accounted for under the equity method, also remain unaffected and their gold production, related unit revenue and cost metrics continue to be reported on an attributable basis. As a result of this change in reporting, certain adjustments to exclude non-controlling interests on gold production, related unit revenue and cost metrics have been discontinued. The metrics for the three months ended 31 March 2024 have been adjusted to reflect this change in reporting. | |||||
Non-GAAP financial measures | |||||
This communication may contain certain “Non-GAAP” financial measures, including, for example, “total cash costs”, “total cash costs per ounce”, “all-in sustaining costs”, “all-in sustaining costs per ounce”, “average gold price received per ounce”, “sustaining capital expenditure” and “non-sustaining capital expenditure”. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use. Reconciliations from IFRS to Non-GAAP financial measures can be found in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, which is available on its website. |
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OPERATING STATISTICS I GOLD PRODUCTION | ||||||
GOLD PRODUCTION (000 OUNCES) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 63 | 76 | |
Kibali - Attributable 45%(1) | 63 | 76 | |
AFRICA: MANAGED OPERATIONS | 407 | 278 | |
Iduapriem | 40 | 62 | |
Obuasi | 54 | 54 | |
Siguiri(3) | 80 | 48 | |
Geita | 116 | 114 | |
Sukari(3) | 117 | — | |
AUSTRALIA | 135 | 109 | |
Sunrise Dam | 61 | 56 | |
Tropicana - Attributable 70% | 74 | 53 | |
AMERICAS | 115 | 128 | |
Cerro Vanguardia(3) | 47 | 42 | |
AngloGold Ashanti Mineração(4) | 58 | 65 | |
Serra Grande | 10 | 21 | |
Managed operations | 657 | 515 | |
Non-managed joint ventures(1) | 63 | 76 | |
GROUP (2) | 720 | 591 | |
Adjusted to exclude Sukari | |||
Managed operations(5) | 540 | 515 | |
Non-managed joint ventures(1) | 63 | 76 | |
GROUP(2)(5) | 603 | 591 | |
(1) Equity-accounted joint venture. | |||
(2) Including equity-accounted non-managed joint ventures | |||
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||
(4) Includes gold concentrate from the Cuiabá mine sold to third parties in Q1 2024 | |||
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||
Rounding of figures may result in computational discrepancies. | |||
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 4 | ![]() | ||||
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OPERATING STATISTICS I GOLD SOLD | ||||||
GOLD SOLD (000 OUNCES) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 67 | 73 | |
Kibali - Attributable 45%(1) | 67 | 73 | |
AFRICA: MANAGED OPERATIONS | 417 | 299 | |
Iduapriem | 40 | 66 | |
Obuasi | 60 | 58 | |
Siguiri(3) | 77 | 52 | |
Geita | 124 | 123 | |
Sukari(3) | 116 | — | |
AUSTRALIA | 136 | 115 | |
Sunrise Dam | 60 | 51 | |
Tropicana - Attributable 70% | 76 | 64 | |
AMERICAS | 117 | 138 | |
Cerro Vanguardia(3) | 49 | 53 | |
AngloGold Ashanti Mineração(4) | 58 | 66 | |
Serra Grande | 10 | 19 | |
Managed operations | 670 | 552 | |
Non-managed joint ventures(1) | 67 | 73 | |
GROUP(2) | 737 | 625 | |
Adjusted to exclude Sukari | |||
Managed operations(5) | 554 | 552 | |
Non-managed joint ventures(1) | 67 | 73 | |
GROUP(2)(5) | 621 | 625 | |
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(4) Includes gold concentrate from the Cuiabá mine sold to third parties in Q1 2024. | |||||
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 5 | ![]() | ||||
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OPERATING STATISTICS I TOTAL CASH COSTS | ||||||
TOTAL CASH COSTS* ($m) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 84 | 63 | |
Kibali - Attributable 45%(1) | 84 | 63 | |
AFRICA: MANAGED OPERATIONS | 466 | 347 | |
Iduapriem | 60 | 55 | |
Obuasi | 69 | 67 | |
Siguiri(3) | 122 | 106 | |
Geita | 118 | 119 | |
Sukari(3) | 97 | — | |
AUSTRALIA | 197 | 168 | |
Sunrise Dam | 91 | 91 | |
Tropicana - Attributable 70% | 97 | 69 | |
Admin and other | 9 | 8 | |
AMERICAS | 134 | 121 | |
Cerro Vanguardia(3) | 56 | 38 | |
AngloGold Ashanti Mineração | 52 | 56 | |
Serra Grande | 25 | 27 | |
Admin and other | 1 | — | |
CORPORATE AND OTHER(4) | — | — | |
Managed operations | 797 | 636 | |
Non-managed joint ventures(1) | 84 | 63 | |
GROUP (2) | 881 | 699 | |
Adjusted to exclude Sukari | |||
Managed operations(5) | 700 | 636 | |
Non-managed joint ventures(1) | 84 | 63 | |
GROUP(2)(5) | 784 | 699 | |
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(4) Corporate included non-gold producing managed operations. | |||||
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 6 | ![]() | ||||
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OPERATING STATISTICS I ALL-IN SUSTAINING COSTS | ||||||
ALL-IN SUSTAINING COSTS* ($m) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 98 | 78 | |
Kibali - Attributable 45%(1) | 98 | 78 | |
AFRICA: MANAGED OPERATIONS | 656 | 518 | |
Iduapriem | 81 | 86 | |
Obuasi | 118 | 108 | |
Siguiri(3) | 134 | 140 | |
Geita | 189 | 184 | |
Sukari(3) | 134 | — | |
AUSTRALIA | 223 | 198 | |
Sunrise Dam | 105 | 96 | |
Tropicana - Attributable 70% | 108 | 94 | |
Admin and other | 10 | 8 | |
AMERICAS | 203 | 185 | |
Cerro Vanguardia(3) | 77 | 61 | |
AngloGold Ashanti Mineração | 90 | 87 | |
Serra Grande | 35 | 37 | |
Admin and other | 1 | — | |
PROJECTS | 2 | 2 | |
CORPORATE AND OTHER(4) | 27 | 31 | |
Managed operations | 1,111 | 934 | |
Non-managed joint ventures(1) | 98 | 78 | |
GROUP(2) | 1,209 | 1,012 | |
Adjusted to exclude Sukari | |||
Managed operations(5) | 977 | 934 | |
Non-managed joint ventures(1) | 98 | 78 | |
GROUP(2)(5) | 1,075 | 1,012 |
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(4) Corporate included non-gold producing managed operations. | |||||
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 7 | ![]() | ||||
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OPERATING STATISTICS I SUSTAINING CAPITAL EXPENDITURE | ||||||
SUSTAINING CAPITAL EXPENDITURE* ($m) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 13 | 16 | |
Kibali - Attributable 45%(1) | 13 | 16 | |
AFRICA: MANAGED OPERATIONS | 155 | 132 | |
Iduapriem | 19 | 25 | |
Obuasi | 37 | 33 | |
Siguiri(3) | 12 | 25 | |
Geita | 55 | 49 | |
Sukari(3)(4) | 32 | — | |
AUSTRALIA | 19 | 16 | |
Sunrise Dam | 13 | 9 | |
Tropicana - Attributable 70% | 6 | 7 | |
Admin and other | — | — | |
AMERICAS | 48 | 41 | |
Cerro Vanguardia(3) | 15 | 11 | |
AngloGold Ashanti Mineração | 25 | 22 | |
Serra Grande | 8 | 8 | |
PROJECTS | 1 | 1 | |
Managed operations | 223 | 190 | |
Non-managed joint ventures(1) | 13 | 16 | |
GROUP(2) | 236 | 206 | |
Adjusted to exclude Sukari | |||
Managed operations(5) | 191 | 190 | |
Non-managed joint ventures(1) | 13 | 16 | |
GROUP(2)(5) | 204 | 206 |
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(4) Due to the short timeframe since the acquisition of Sukari in November 2024, sustaining capital expenditure may not accurately reflect typical spending patterns. | |||||
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 8 | ![]() | ||||
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OPERATING STATISTICS I KIBALI | ||||||
KIBALI(1) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 327 | 423 | |
Underground waste | 56 | 38 | |
Total underground | 382 | 461 | |
Underground ore mined grade (g/tonne) | 5.02 | 5.05 | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 392 | 605 | |
Open pit waste | 4,472 | 4,082 | |
Total open pit | 4,864 | 4,687 | |
Open pit mined grade (g/tonne) | 1.48 | 1.42 | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 323 | 416 | |
Open pit operations | 607 | 509 | |
Total tonnes milled/processed | 930 | 925 | |
Average mill head grade (g/tonne) | 2.36 | 2.85 | |
Recovery rate (%) | 89.6 | 89.2 | |
Total recovered grade (g/tonne) | 2.12 | 2.55 | |
Gold ounces produced oz(000) | 63 | 76 | |
Gold ounces sold oz(000) | 67 | 73 | |
Average gold price received*(2) ($/ounce) | 2,865 | 2,088 | |
Gold income per segment information ($m) | 191 | 151 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,086 | 736 | |
By-product credits | (7) | (5) | |
Royalties | 246 | 99 | |
Total cash costs* ($/ounce produced) | 1,325 | 831 | |
Total cash costs* ($m) | 84 | 63 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,325 | 831 | |
Inventory movements | (48) | (5) | |
Adjusted for decommissioning, inventory amortisation and other | 1 | 1 | |
Rehabilitation and other non-cash costs | (16) | (9) | |
Lease payment sustaining | 3 | 23 | |
Sustaining exploration and study costs | — | — | |
Sustaining capital expenditure | 197 | 229 | |
All-in sustaining costs* ($/ounce sold) | 1,463 | 1,070 | |
All-in sustaining costs* ($m) | 98 | 78 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 13 | 16 | |
Non-sustaining capital expenditure* | 20 | 9 | |
Total capital expenditure | 33 | 25 | |
(1) On an attributable basis. Kibali is owned 45% by AngloGold Ashanti. | |||
(2) Average gold price received per ounce* is calculated by dividing the attributable US dollar value of gold income revenue metric by the attributable ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 9 | ![]() | ||||
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OPERATING STATISTICS I IDUAPRIEM | ||||||
IDUAPRIEM | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 783 | 1,264 | |
Open pit waste | 8,746 | 9,032 | |
Total open pit | 9,529 | 10,296 | |
Open pit mined grade (g/tonne) | 1.63 | 1.55 | |
Tonnes milled/processed (000 tonnes): | |||
Open pit operations | 999 | 1,273 | |
Average mill head grade (g/tonne) | 1.34 | 1.54 | |
Recovery rate (%) | 94.8 | 96.8 | |
Total recovered grade (g/tonne) | 1.26 | 1.53 | |
Gold ounces produced oz(000) | 40 | 62 | |
Gold ounces sold oz(000) | 40 | 66 | |
Average gold price received*(1) ($/ounce) | 2,878 | 2,074 | |
Gold income per segment information ($m) | 114 | 138 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,352 | 769 | |
By-product credits | (2) | (3) | |
Royalties | 142 | 110 | |
Total cash costs* ($/ounce produced) | 1,493 | 876 | |
Total cash costs* ($m) | 60 | 55 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,493 | 876 | |
Inventory movements | (48) | 15 | |
Adjusted for decommissioning, inventory amortisation and other | (2) | (1) | |
Rehabilitation and other non-cash costs | 77 | 13 | |
Lease payment sustaining | 28 | 12 | |
Sustaining exploration and study costs | 19 | — | |
Sustaining capital expenditure | 487 | 376 | |
All-in sustaining costs* ($/ounce sold) | 2,053 | 1,291 | |
All-in sustaining costs* ($m) | 81 | 86 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 19 | 25 | |
Non-sustaining capital expenditure* | 16 | 4 | |
Total capital expenditure | 35 | 29 | |
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 10 | ![]() | ||||
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OPERATING STATISTICS I OBUASI | ||||||
OBUASI | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 279 | 255 | |
Underground waste | 172 | 168 | |
Total underground | 451 | 423 | |
Underground ore mined grade (g/tonne) | 5.88 | 6.66 | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 282 | 273 | |
Supplemental tailings | — | 50 | |
Total tonnes milled/processed | 282 | 323 | |
Average mill head grade (g/tonne) | 7.33 | 6.07 | |
Recovery rate (%) | 88.2 | 84.8 | |
Total recovered grade (g/tonne) | 5.95 | 5.15 | |
Gold ounces produced oz(000) | 54 | 54 | |
Gold ounces sold oz(000) | 60 | 58 | |
Average gold price received*(1) ($/ounce) | 2,868 | 2,078 | |
Gold income per segment information ($m) | 171 | 120 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,127 | 1,140 | |
By-product credits | (2) | (2) | |
Royalties | 159 | 112 | |
Total cash costs* ($/ounce produced) | 1,284 | 1,251 | |
Total cash costs* ($m) | 69 | 67 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,284 | 1,251 | |
Inventory movements | 39 | (6) | |
Adjusted for decommissioning, inventory amortisation and other | (2) | (1) | |
Rehabilitation and other non-cash costs | 36 | 45 | |
Sustaining exploration and study costs | 2 | 6 | |
Sustaining capital expenditure | 613 | 572 | |
All-in sustaining costs* ($/ounce sold) | 1,973 | 1,866 | |
All-in sustaining costs* ($m) | 118 | 108 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 37 | 33 | |
Non-sustaining capital expenditure* | 5 | 9 | |
Total capital expenditure | 42 | 42 | |
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 11 | ![]() | ||||
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OPERATING STATISTICS I SIGUIRI | ||||||
SIGUIRI(1) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 1,522 | 1,049 | |
Open pit waste | 6,370 | 4,552 | |
Total open pit | 7,892 | 5,601 | |
Open pit mined grade (g/tonne) | 1.31 | 1.29 | |
Tonnes milled/processed (000 tonnes): | |||
Open pit operations | 2,947 | 2,452 | |
Average mill head grade (g/tonne) | 0.93 | 0.87 | |
Recovery rate (%) | 91.0 | 70.6 | |
Total recovered grade (g/tonne) | 0.84 | 0.61 | |
Gold ounces produced oz(000) | 80 | 48 | |
Gold ounces sold oz(000) | 77 | 52 | |
Average gold price received*(2) ($/ounce) | 2,858 | 2,074 | |
Gold income per segment information ($m) | 221 | 109 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,329 | 2,080 | |
By-product credits | (2) | (6) | |
Royalties | 194 | 113 | |
Total cash costs* ($/ounce produced) | 1,521 | 2,188 | |
Total cash costs* ($m) | 122 | 106 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,521 | 2,188 | |
Inventory movements | 19 | (34) | |
Rehabilitation and other non-cash costs | 9 | 19 | |
Lease payment sustaining | 17 | 1 | |
Sustaining exploration and study costs | 15 | 15 | |
Sustaining capital expenditure | 152 | 467 | |
All-in sustaining costs* ($/ounce sold) | 1,733 | 2,656 | |
All-in sustaining costs* ($m) | 134 | 140 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 12 | 25 | |
Non-sustaining capital expenditure* | — | — | |
Total capital expenditure | 12 | 25 | |
(1) On a consolidated basis. Siguiri is owned 85% by AngloGold Ashanti. | |||
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 12 | ![]() | ||||
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OPERATING STATISTICS I GEITA | ||||||
GEITA | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 726 | 690 | |
Underground waste | 362 | 297 | |
Total underground | 1,088 | 987 | |
Underground ore mined grade (g/tonne) | 4.26 | 4.08 | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 978 | 530 | |
Open pit waste | 5,847 | 5,531 | |
Total open pit | 6,825 | 6,061 | |
Open pit mined grade (g/tonne) | 1.61 | 1.49 | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 605 | 629 | |
Open pit operations | 521 | 615 | |
Total tonnes milled/processed | 1,126 | 1,244 | |
Average mill head grade (g/tonne) | 3.53 | 3.13 | |
Recovery rate (%) | 90.4 | 91.0 | |
Total recovered grade (g/tonne) | 3.20 | 2.85 | |
Gold ounces produced oz(000) | 116 | 114 | |
Gold ounces sold oz(000) | 124 | 123 | |
Average gold price received*(1) ($/ounce) | 2,909 | 2,094 | |
Gold income per segment information ($m) | 362 | 256 | |
Total cash costs* ($/ounce): | |||
Operating costs | 840 | 914 | |
By-product credits | (7) | (3) | |
Royalties | 188 | 135 | |
Total cash costs* ($/ounce produced) | 1,021 | 1,046 | |
Total cash costs* ($m) | 118 | 119 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,021 | 1,046 | |
Inventory movements | 2 | (10) | |
Adjusted for decommissioning, inventory amortisation and other | (2) | (2) | |
Lease payment sustaining | 45 | 55 | |
Sustaining exploration and study costs | 16 | 25 | |
Sustaining capital expenditure | 440 | 398 | |
All-in sustaining costs* ($/ounce sold) | 1,521 | 1,511 | |
All-in sustaining costs* ($m) | 189 | 184 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 55 | 49 | |
Non-sustaining capital expenditure* | 5 | 2 | |
Total capital expenditure | 60 | 51 | |
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 13 | ![]() | ||||
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OPERATING STATISTICS I SUKARI | ||||||
SUKARI(1) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 275 | — | |
Underground waste | 182 | — | |
Total underground | 457 | — | |
Underground ore mined grade (g/tonne) | 4.57 | — | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 2,973 | — | |
Open pit waste | 18,752 | — | |
Total open pit | 21,725 | — | |
Open pit mined grade (g/tonne) | 0.99 | — | |
Heap leach tonnes mined (000 tonnes): | |||
Heap leach ore mined | 111 | — | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 272 | — | |
Open pit operations | 2,434 | — | |
Total tonnes milled/processed | 2,706 | — | |
Heap leach placed | 111 | — | |
Average mill head grade (g/tonne) | 1.40 | — | |
Recovery rate (%) | 89.2 | — | |
Total recovered grade (g/tonne) | 1.30 | — | |
Gold ounces produced oz(000) | 117 | — | |
Gold ounces sold oz(000) | 116 | — | |
Average gold price received*(2) ($/ounce) | 2,841 | — | |
Gold income per segment information ($m) | 330 | — | |
Total cash costs* ($/ounce): | |||
Operating costs | 746 | — | |
By-product credits | (5) | — | |
Royalties | 85 | — | |
Total cash costs* ($/ounce produced) | 826 | — | |
Total cash costs* ($m) | 97 | ||
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 826 | — | |
Inventory movements | 44 | — | |
Lease payment sustaining | 5 | — | |
Sustaining capital expenditure(3) | 277 | — | |
All-in sustaining costs* ($/ounce sold)(3) | 1,153 | — | |
All-in sustaining costs* ($m)(3) | 134 | ||
Capital expenditure ($m): | |||
Sustaining capital expenditure*(3) | 32 | — | |
Non-sustaining capital expenditure* | 27 | — | |
Total capital expenditure(3) | 59 | — | |
(1) On a consolidated basis. Sukari is owned 50% by AngloGold Ashanti. | |||
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
(3) Due to the short timeframe since the acquisition of Sukari in November 2024 , sustaining capital expenditure* may not accurately reflect typical spending patterns. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 14 | ![]() | ||||
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OPERATING STATISTICS I SUNRISE DAM | ||||||
SUNRISE DAM | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 642 | 641 | |
Underground waste | 223 | 165 | |
Total underground | 865 | 806 | |
Underground ore mined grade (g/tonne) | 2.37 | 2.61 | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 16 | — | |
Open pit waste | 2,040 | 2,605 | |
Total open pit | 2,056 | 2,605 | |
Open pit mined grade (g/tonne) | 1.96 | — | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 640 | 648 | |
Open pit operations | 308 | 325 | |
Total tonnes milled/processed | 948 | 973 | |
Average mill head grade (g/tonne) | 2.16 | 2.12 | |
Recovery rate (%) | 87.9 | 82.0 | |
Total recovered grade (g/tonne) | 2.00 | 1.78 | |
Gold ounces produced oz(000) | 61 | 56 | |
Gold ounces sold oz(000) | 60 | 51 | |
Average gold price received*(1) ($/ounce) | 2,852 | 2,063 | |
Gold income per segment information ($m) | 170 | 105 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,416 | 1,593 | |
By-product credits | (8) | (6) | |
Royalties | 71 | 47 | |
Total cash costs* ($/ounce produced) | 1,479 | 1,634 | |
Total cash costs* ($m) | 91 | 91 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,479 | 1,634 | |
Inventory movements | (4) | (12) | |
Adjusted for decommissioning, inventory amortisation and other | 4 | (4) | |
Rehabilitation and other non-cash costs | 1 | — | |
Lease payment sustaining | 62 | 86 | |
Sustaining exploration and study costs | 4 | 2 | |
Sustaining capital expenditure | 222 | 181 | |
All-in sustaining costs* ($/ounce sold) | 1,768 | 1,886 | |
All-in sustaining costs* ($m) | 105 | 96 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 13 | 9 | |
Non-sustaining capital expenditure* | — | 1 | |
Total capital expenditure | 13 | 10 | |
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 15 | ![]() | ||||
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OPERATING STATISTICS I TROPICANA | ||||||
TROPICANA(1) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 302 | 275 | |
Underground waste | 139 | 88 | |
Total underground | 441 | 363 | |
Underground ore mined grade (g/tonne) | 3.15 | 3.48 | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 678 | 222 | |
Open pit waste | 6,991 | 9,475 | |
Total open pit | 7,669 | 9,697 | |
Open pit mined grade (g/tonne) | 1.37 | 0.95 | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 288 | 244 | |
Open pit operations | 1,242 | 1,124 | |
Total tonnes milled/processed | 1,530 | 1,368 | |
Average mill head grade (g/tonne) | 1.65 | 1.36 | |
Recovery rate (%) | 90.9 | 90.3 | |
Total recovered grade (g/tonne) | 1.50 | 1.21 | |
Gold ounces produced oz(000) | 74 | 53 | |
Gold ounces sold oz(000) | 76 | 64 | |
Average gold price received*(2) ($/ounce) | 2,854 | 2,060 | |
Gold income per segment information ($m) | 218 | 132 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,254 | 1,245 | |
By-product credits | (11) | (10) | |
Royalties | 74 | 59 | |
Total cash costs* ($/ounce produced) | 1,317 | 1,294 | |
Total cash costs* ($m) | 97 | 69 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,317 | 1,294 | |
Inventory movements | (39) | 21 | |
Adjusted for decommissioning, inventory amortisation and other | 1 | 1 | |
Rehabilitation and other non-cash costs | — | 3 | |
Lease payment sustaining | 57 | 39 | |
Sustaining exploration and study costs | 1 | — | |
Sustaining capital expenditure | 72 | 107 | |
All-in sustaining costs* ($/ounce sold) | 1,409 | 1,466 | |
All-in sustaining costs* ($m) | 108 | 94 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 6 | 7 | |
Non-sustaining capital expenditure* | 10 | 28 | |
Total capital expenditure | 16 | 35 | |
(1) On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti. | |||
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 16 | ![]() | ||||
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OPERATING STATISTICS I CERRO VANGUARDIA | ||||||
CERRO VANGUARDIA(1) | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 96 | 97 | |
Underground waste | 26 | 28 | |
Total underground | 122 | 125 | |
Underground ore mined grade (g/tonne) | 5.09 | 5.48 | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 197 | 150 | |
Open pit waste | 4,103 | 4,190 | |
Total open pit | 4,300 | 4,340 | |
Open pit mined grade (g/tonne) | 2.51 | 2.83 | |
Heap leach tonnes mined (000 tonnes): | |||
Heap leach ore mined | 171 | 287 | |
Heap leach recovered grade (g/tonne) | 0.58 | 0.55 | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 133 | 98 | |
Open pit operations | 184 | 202 | |
Total tonnes milled/processed | 317 | 300 | |
Heap leach placed | 520 | 487 | |
Average mill head grade (g/tonne) | 4.04 | 3.82 | |
Recovery rate (%) | 95.8 | 95.5 | |
Total recovered grade (g/tonne) | 1.74 | 1.68 | |
Gold ounces produced oz(000) | 47 | 42 | |
Gold ounces sold oz(000) | 49 | 53 | |
Average gold price received*(2) ($/ounce) | 2,907 | 2,086 | |
Gold income per segment information ($m) | 142 | 109 | |
Total cash costs* ($/ounce): | |||
Operating costs | 1,637 | 1,447 | |
By-product credits | (639) | (727) | |
Royalties | 202 | 182 | |
Total cash costs* ($/ounce produced) | 1,201 | 902 | |
Total cash costs* ($m) | 56 | 38 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 1,201 | 902 | |
Inventory movements | 41 | 41 | |
Adjusted for decommissioning, inventory amortisation and other | (28) | (41) | |
Rehabilitation and other non-cash costs | 62 | 21 | |
Sustaining exploration and study costs | 4 | 24 | |
Sustaining capital expenditure | 297 | 214 | |
All-in sustaining costs* ($/ounce sold) | 1,577 | 1,161 | |
All-in sustaining costs* ($m) | 77 | 61 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 15 | 11 | |
Non-sustaining capital expenditure* | — | — | |
Total capital expenditure | 15 | 11 | |
(1) On a consolidated basis. Cerro Vanguardia is owned 92.50% by AngloGold Ashanti. | |||
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 17 | ![]() | ||||
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OPERATING STATISTICS I ANGLOGOLD ASHANTI MINERAÇÃO | ||||||
ANGLOGOLD ASHANTI MINERAÇÃO | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 332 | 114 | |
Underground waste | 339 | 315 | |
Concentrate ore | — | 235 | |
Total underground | 671 | 664 | |
Underground ore mined grade (g/tonne) | 6.62 | 5.96 | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 331 | 117 | |
Concentrate | — | 242 | |
Total tonnes milled/processed | 331 | 359 | |
Average mill head grade (g/tonne) | 6.86 | 5.95 | |
Recovery rate (%) | 92.2 | 96.2 | |
Total recovered grade (g/tonne) | 5.43 | 5.65 | |
Gold ounces produced oz(000) | 58 | 65 | |
Gold ounces sold oz(000) | 58 | 66 | |
Average gold price received*(1) ($/ounce) | 2,917 | 1,926 | |
Gold income per segment information ($m) | 169 | 128 | |
Total cash costs* ($/ounce): | |||
Operating costs | 903 | 826 | |
By-product credits | (55) | (1) | |
Royalties | 49 | 32 | |
Total cash costs* ($/ounce produced) | 897 | 856 | |
Total cash costs* ($m) | 52 | 56 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 897 | 856 | |
Inventory movements | 2 | 15 | |
Adjusted for decommissioning, inventory amortisation and other | (3) | 2 | |
Rehabilitation and other non-cash costs | 118 | 1 | |
Lease payment sustaining | 104 | 107 | |
Sustaining exploration and study costs | 2 | 2 | |
Sustaining capital expenditure | 424 | 328 | |
All-in sustaining costs* ($/ounce sold) | 1,544 | 1,311 | |
All-in sustaining costs* ($m) | 90 | 87 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 25 | 22 | |
Non-sustaining capital expenditure* | — | — | |
Total capital expenditure | 25 | 22 | |
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
QUARTER 1 2025 EARNINGS RELEASE: OPERATING STATISTICS | 18 | ![]() | ||||
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OPERATING STATISTICS I SERRA GRANDE | ||||||
SERRA GRANDE | Quarter | Quarter | |
ended | ended | ||
Mar | Mar | ||
2025 | 2024 | ||
Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||
Underground ore | 162 | 216 | |
Underground waste | 118 | 135 | |
Total underground | 280 | 351 | |
Underground ore mined grade (g/tonne) | 2.18 | 3.23 | |
Open pit tonnes mined (000 tonnes): | |||
Open pit ore | 2 | — | |
Open pit waste | — | — | |
Total open pit | 2 | — | |
Open pit mined grade (g/tonne) | 1.31 | — | |
Tonnes milled/processed (000 tonnes): | |||
Underground operations | 163 | 215 | |
Open pit operations | 2 | — | |
Total tonnes milled/processed | 165 | 215 | |
Average mill head grade (g/tonne) | 2.00 | 2.96 | |
Recovery rate (%) | 91.8 | 94.3 | |
Total recovered grade (g/tonne) | 1.91 | 2.98 | |
Gold ounces produced oz(000) | 10 | 21 | |
Gold ounces sold oz(000) | 10 | 19 | |
Average gold price received*(1) ($/ounce) | 2,894 | 2,083 | |
Gold income per segment information ($m) | 30 | 41 | |
Total cash costs* ($/ounce): | |||
Operating costs | 2,422 | 1,258 | |
By-product credits | — | (1) | |
Royalties | 63 | 48 | |
Total cash costs* ($/ounce produced) | 2,485 | 1,306 | |
Total cash costs* ($m) | 25 | 27 | |
All-in sustaining costs* ($/ounce): | |||
Total cash costs* | 2,485 | 1,306 | |
Inventory movements | (49) | 46 | |
Adjusted for decommissioning, inventory amortisation and other | 7 | (19) | |
Rehabilitation and other non-cash costs | (67) | 37 | |
Lease payment sustaining | 214 | 127 | |
Sustaining exploration and study costs | — | 2 | |
Sustaining capital expenditure | 814 | 392 | |
All-in sustaining costs* ($/ounce sold) | 3,403 | 1,892 | |
All-in sustaining costs* ($m) | 35 | 37 | |
Capital expenditure ($m): | |||
Sustaining capital expenditure* | 8 | 8 | |
Total capital expenditure | 8 | 8 | |
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold sold. | |||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months ended 31 March 2025, for definitions and reconciliations. | |||
Rounding of figures may result in computational discrepancies. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorised.
AngloGold Ashanti plc
Date: 9 May 2025
By:/s/ C STEAD
Name:C Stead
Title:Company Secretary