AngloGold Ashanti closes a record-breaking year with a strong fourth quarter, paying out $1.8 billion in dividends

2026-02-20 13:35:20

Investing.com - On Friday, AngloGold Ashanti (NYSE: AU) reported its Q4 earnings in line with expectations, with strong revenue performance, ending the year on a high note with record cash flow and shareholder returns.

Following the earnings release, the company’s stock dipped slightly by 1.25% in pre-market trading.

In the fourth quarter, AngloGold posted earnings of $1.90 per share, meeting analyst expectations, with revenue of $3.02 billion, surpassing the market forecast of $2.84 billion. Quarterly gold revenue reached $3.02 billion, driven by an average realized gold price of $4,171 per ounce and a production volume of 799,000 ounces.

This performance adds to an outstanding outlook for 2025. The full year saw gold production increase by 16% to 3.1 million ounces, with the average gold price rising 45% to $3,468 per ounce. The company generated a record $2.9 billion in free cash flow for the year, more than doubling 2024, with adjusted EBITDA reaching $6.3 billion, up 129% year-over-year.

CEO Alberto Calderon emphasized the company’s execution capabilities, stating, “We continue to focus on safety, operational excellence, and consistent execution. This has allowed us to safely achieve production targets again, maintain cost control better than most industry peers, and deliver record earnings and dividends.”

AngloGold announced a fourth-quarter interim dividend of $875 million, or 173 cents per share, bringing the total dividends announced for 2025 to a record $1.8 billion—equivalent to 62% of annual free cash flow. The company’s net cash position at year-end was $879 million, with total liquidity around $4.4 billion.

Looking ahead, AngloGold expects 2026 production to range between 2.8 million and 3.17 million ounces. Costs are expected to rise due to royalties and inflation, but the company will continue to emphasize disciplined capital allocation and operational resilience.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes