AngloGold Ashanti reported a sharp rise in profit for 2025. Headline earnings reached $2.725 billion. This is almost three times higher than the $954 million earned in 2024.
The strong result came from two main factors. First, gold prices hit record levels. Second, production increased significantly.
The company produced 3.1 million ounces of gold in 2025. That is 16% more than the previous year. The main driver was the first full-year contribution from the Sukari mine in Egypt. AngloGold acquired a 50% stake there in 2024.
Thanks to the high gold prices, AngloGold received 45% more per ounce than in 2024. As a result, the company declared a record dividend. Total payouts for 2025 reached $1.8 billion. The latest quarterly dividend was $1.73 per share.
Major Discovery in the United States
AngloGold also announced important news about its Arthur Gold Project in Nevada. After pre-feasibility studies, the company declared initial mineral reserves of 4.9 million ounces. These AngloGold US gold reserves make Arthur the second-largest reserve in the company’s portfolio.
The study shows a nine-year mine life. Average annual production is expected to reach about 500,000 ounces. However, capital expenditure is estimated at $3.6 billion.
CEO Alberto Calderon described the project as a major success. “What began as an ambitious exploration idea has become one of the largest greenfield gold discoveries in the U.S. this century,” he said.
Strategic Shift Continues
AngloGold has moved away from South Africa in recent years. It sold its last South African mines in 2020. Later, it shifted its primary listing to New York and its headquarters to London.
Today, operations run in Australia, Ghana, Tanzania, Guinea, the Democratic Republic of Congo, Brazil, and Egypt. The Arthur project strengthens the company’s presence in the Americas. Moreover, it reduces exposure to higher-risk areas.
Positive Market Conditions Support Growth
Gold has remained attractive because of inflation concerns and economic uncertainty. Therefore, AngloGold benefited greatly from the price rally. At the same time, higher output improved margins and cash flow.
The company now focuses on advancing Arthur through permitting and engineering. Further exploration may also extend the mine life. Overall, 2025 showed AngloGold’s ability to take advantage of favorable conditions while building long-term value.
Investors will watch progress on the Nevada project closely. In addition, sustained high gold prices could continue to support strong financial results in the coming years.
