Anglogold Ashant Stock Price, News & Analysis

AngloGold Ashanti (NYSE:AU) has entered into a definitive agreement to acquire Augusta Gold Corp. in an all-cash transaction valued at C$152 million (US$111 million). The deal price of C$1.70 per share represents a 28% premium to Augusta Gold's closing price on July 15, 2025, and a 37% premium to its 20-day volume-weighted average price.

The strategic acquisition will strengthen AngloGold's position in the Beatty District by adding the Reward project, Bullfrog deposit, and surrounding tenements to its portfolio. AngloGold will also provide approximately US$32.6 million for repayment of stockholder loans. The transaction, expected to close in Q4 2025, has received unanimous board approval and support from shareholders holding approximately 31.5% of Augusta Gold's shares.

AngloGold Ashanti (AU) has been selected for preliminary addition to several major Russell indexes, including the Russell 1000® or Russell 2000®, Russell 3000®, and Russell Midcap® Indexes, effective after market close on June 27, 2025. The inclusion follows AngloGold's NYSE primary listing move in September 2023 and is part of FTSE Russell's 2025 U.S. Indexes reconstitution. This rebalancing, which ranks the 4,000 largest U.S. stocks by market cap, is expected to drive over $53 billion in passive flows. The Russell indexes, benchmarking approximately $10.6 trillion in assets, are widely used by investment managers and institutional investors for index funds and active investment strategies. CEO Alberto Calderon highlighted this milestone's potential to increase liquidity and create long-term shareholder value.

AngloGold Ashanti (AU) has agreed to sell its Mineração Serra Grande mine in Brazil to Aura Minerals for $76 million in cash, plus a 3% net smelter returns participation on the mine's current Mineral Resource. The sale aligns with AngloGold's strategy to optimize its portfolio, as MSG is currently their highest-cost and smallest production facility. The deal is expected to close in Q3 2025, subject to Brazilian anti-trust approval, completion of tailings storage facility decommissioning, subsidiary transfers, and no material adverse events. The transaction excludes certain non-mining assets and properties, which will remain with AngloGold through a spin-off prior to closing.

AngloGold Ashanti (AU) held its Annual General Meeting on May 27, 2025, where all proposed resolutions were successfully passed as ordinary resolutions. Key highlights include: strong shareholder support for most board-related decisions, with the 2024 Annual Report receiving 99.98% approval. Notable votes included the re-appointment of PricewaterhouseCoopers LLP as statutory auditors (99.98% approval) and the authorization for political donations up to £100,000 (67.63% approval). The company confirmed leadership changes with Rhidwaan Gasant stepping down from the Board, Alan Ferguson assuming the role of Lead Independent Director, and Diana Sands becoming Chair of the Audit and Risk Committee.

Most director elections and re-elections received overwhelming support above 99%, though Albert Garner's re-election saw lower approval at 82.02%. The Directors' Remuneration Report was approved with 91.39% support.

AngloGold Ashanti plc (NYSE: AU) reported insider transactions involving three executives on May 15, 2025. Executive Director Gillian Doran received 22,325 shares through the 2023 Deferred Share Plans (DSP) and sold 8,260 shares at an average price of $40.37 to cover tax obligations. Executive Officer Terry Briggs received 25,514 shares and sold 9,440 shares at an average of $40.39. Executive Officer Marcelo Godoy received 25,745 shares and sold 9,526 shares at an average of $40.37. All transactions were related to vested shares under the company's DSP program, with sales partially covering tax liabilities.

AngloGold Ashanti plc (NYSE: AU) has reported significant securities transactions by two senior executives. CEO Alberto Calderon received 80,296 ordinary shares under the 2023 Deferred Share Plans (DSP), of which he sold 40,148 shares at an average price of $40.88 per share, generating approximately $1.64 million to cover tax obligations.

Additionally, Chief Operating Officer Richard Jordinson, who will retire on June 1, 2025, after 13 years in senior management, received 38,346 shares through the DSP and subsequently sold all of them at an average price of $40.90 per share, resulting in a transaction value of about $1.57 million.

AngloGold Ashanti (AU) reported exceptional Q1 2025 results with gold production rising 22% YoY to 720,000oz. The company's financial performance showed remarkable improvement with free cash flow surging 607% to $403m and headline earnings increasing 671% to $447m. This strong performance was driven by the newly acquired Sukari Gold Mine contributing 117,000oz, improved output at Siguiri and Tropicana, and a higher average gold price of $2,874/oz (up from $2,063/oz). The company's managed operations saw a 28% YoY production increase, while maintaining cost control with AISC at $1,657/oz. AngloGold's balance sheet strengthened significantly, with Adjusted net debt falling 60% YoY to $525m. The company declared a quarterly dividend of 12.5 cents per share and reaffirmed its 2025 guidance of 2.900-3.225Moz production with AISC between $1,580-$1,705/oz.

AngloGold Ashanti (AU) and Gold Fields have decided to pause discussions regarding their proposed joint venture that would have combined their Iduapriem and Tarkwa gold mines in Ghana. The joint venture was initially proposed in March 2023, and both companies have been in dialogue with the Ghanaian government for approvals. During this period, AngloGold Ashanti has identified potential improvements to its standalone mine plan for Iduapriem that could unlock significant additional value. Both companies will now focus on enhancing their respective sites' standalone performance, with AngloGold Ashanti particularly focusing on implementing its improved long-term mining plan.

AngloGold Ashanti has agreed to sell its Côte d'Ivoire gold projects to Resolute Mining as part of its strategy to focus on U.S. operations. The deal includes the sale of the Doropo Project and ABC Project through Centamin West Africa Holdings.

The Doropo Project sale is valued at $175 million, structured as:

• $25 million cash at completion
• $50 million after 18 months
• $75 million after 30 months

As part of the deal, AngloGold will acquire the Mansala Project in Guinea from Resolute, or receive an additional $25 million if the acquisition fails. The ABC Project sale includes a $10 million milestone payment upon declaring a 1.0 Moz Mineral Reserve and a 2% Net Smelter Royalty on gold production.

The transaction is set to complete on May 1, 2025, with no conditions for the main sale.