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AngloGold Ashanti (NYSE: AU) details 2025 gold output and costs

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Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

AngloGold Ashanti reported detailed operating statistics for the three months and year ended 31 December 2025. Group gold production for 2025 was 3,091 thousand ounces, up from 2,661 thousand ounces in 2024, with managed operations contributing 2,788 thousand ounces and non‑managed joint ventures 303 thousand ounces.

Group gold sold in 2025 was 3,105 thousand ounces, compared with 2,679 thousand ounces in 2024. The Sukari operation, acquired on 22 November 2024 as part of the Centamin acquisition, produced 500 thousand ounces in 2025 and is also shown in adjusted figures excluding Sukari.

Total cash costs for the group were $3,839 million in 2025 versus $3,079 million in 2024, while all‑in sustaining costs were $5,307 million versus $4,317 million. Sustaining capital expenditure was $1,141 million in 2025 compared with $932 million in 2024.

Positive

  • None.

Negative

  • None.

Insights

2025 output rose with Sukari, but costs and sustaining capex also increased.

AngloGold Ashanti shows higher 2025 group production of 3,091 thousand ounces versus 2,661 thousand ounces in 2024, helped by strong contributions from managed African operations and the first full year of the 50%‑owned Sukari mine after the Centamin acquisition.

However, cost metrics also moved higher. Group total cash costs reached $3,839 million versus $3,079 million, and all‑in sustaining costs rose to $5,307 million from $4,317 million, reflecting inflation, higher mining activity and increased sustaining investment across key assets.

Sustaining capital expenditure climbed to $1,141 million versus $932 million, with notable spending at Obuasi, Siguiri, Geita and Sukari. Adjusted figures excluding Sukari show relatively stable production but higher costs, so future filings will be important to see whether new assets deliver lower unit costs or mainly volume growth.

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Form 6-K: How Foreign Companies Report to the SEC →
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  February 2026
Commission File Number: 001-41815
            AngloGold Ashanti plc           
(Translation of registrant’s name into English)
Third Floor, Hobhouse Court, Suffolk Street
London SW1Y 4HH
        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 and Year Ended
31 December 2025
q42025operatingstatisticsba.jpg
Reporting method
The term “managed operations” refers to subsidiaries managed by AngloGold Ashanti and included in its consolidated
reporting, while the term “non-managed joint ventures” (i.e., Kibali) refers to equity-accounted joint ventures that are reported
based on AngloGold Ashanti's share of attributable earnings and are not managed by AngloGold Ashanti.
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 and year ended 31 December 2025, which is available on its website.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
1
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OPERATING STATISTICS  I GOLD PRODUCTION
GOLD PRODUCTION (000 OUNCES)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
79
80
303
309
Kibali - Attributable 45%(1)
79
80
303
309
AFRICA: MANAGED OPERATIONS
439
360
1,746
1,254
Iduapriem
50
50
199
237
Obuasi
72
60
266
221
Siguiri(3)
85
74
289
273
Geita
113
136
492
483
Sukari(3)
119
40
500
40
AUSTRALIA
151
166
537
572
Sunrise Dam
58
66
232
259
Tropicana - Attributable 70%
93
100
305
313
AMERICAS
130
144
505
526
Cerro Vanguardia(3)
42
47
179
175
AngloGold Ashanti Mineração(4)
77
75
273
271
Serra Grande
11
22
53
80
Managed operations
720
670
2,788
2,352
Non-managed joint ventures(1)
79
80
303
309
GROUP (2)
799
750
3,091
2,661
Adjusted to exclude Sukari
Managed operations(5)
601
630
2,288
2,312
Non-managed joint ventures(1)
79
80
303
309
GROUP(2)(5)
680
710
2,591
2,621
(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.
(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.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
2
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OPERATING STATISTICS  I GOLD SOLD
GOLD SOLD (000 OUNCES)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
78
78
298
309
Kibali - Attributable 45%(1)
78
78
298
309
AFRICA: MANAGED OPERATIONS
443
341
1,765
1,255
Iduapriem
53
47
201
238
Obuasi
78
59
269
222
Siguiri(3)
79
69
289
272
Geita
114
122
499
479
Sukari(3)
119
44
507
44
AUSTRALIA
156
166
539
578
Sunrise Dam
60
66
230
261
Tropicana - Attributable 70%
96
100
309
317
AMERICAS
126
140
503
537
Cerro Vanguardia(3)
36
44
178
183
AngloGold Ashanti Mineração(4)
79
74
272
274
Serra Grande
11
22
53
80
Managed operations
725
647
2,807
2,370
Non-managed joint ventures(1)
78
78
298
309
GROUP(2)
803
725
3,105
2,679
Adjusted to exclude Sukari
Managed operations(5)
606
603
2,300
2,326
Non-managed joint ventures(1)
78
78
298
309
GROUP(2)(5)
684
681
2,598
2,635
(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.
(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.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
3
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OPERATING STATISTICS  I TOTAL CASH COSTS
TOTAL CASH COSTS* ($m)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
92
77
348
289
Kibali - Attributable 45%(1)
92
77
348
289
AFRICA: MANAGED OPERATIONS
569
441
2,064
1,519
Iduapriem
74
74
295
265
Obuasi
100
71
353
268
Siguiri(3)
163
129
516
465
Geita
133
121
510
476
Sukari(3)
99
46
391
46
Admin and other
—
—
(1)
(1)
AUSTRALIA
218
195
822
735
Sunrise Dam
93
93
379
347
Tropicana - Attributable 70%
114
93
406
354
Admin and other
11
9
37
34
AMERICAS
154
149
603
541
Cerro Vanguardia(3)
49
54
220
189
AngloGold Ashanti Mineração
82
64
266
237
Serra Grande
23
30
115
113
Admin and other
—
1
2
2
CORPORATE AND OTHER(4)
—
(4)
2
(5)
Managed operations
941
781
3,491
2,790
Non-managed joint ventures(1)
92
77
348
289
GROUP (2)
1,033
858
3,839
3,079
Adjusted to exclude Sukari
Managed operations(5)
842
735
3,100
2,744
Non-managed joint ventures(1)
92
77
348
289
GROUP(2)(5)
934
812
3,448
3,033
(1) Equity-accounted joint venture.
(2) Including equity-accounted non-managed joint ventures.
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively.
(4) Corporate included non-gold producing managed operations.
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December  2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
4
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OPERATING STATISTICS  I ALL-IN SUSTAINING COSTS
ALL-IN SUSTAINING COSTS* ($m)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
87
93
393
354
Kibali - Attributable 45%(1)
87
93
393
354
AFRICA: MANAGED OPERATIONS
810
607
2,906
2,147
Iduapriem
123
100
421
385
Obuasi
164
113
544
430
Siguiri(3)
196
150
627
569
Geita
185
161
760
680
Sukari(3)
142
83
554
83
Admin and other
—
—
—
—
AUSTRALIA
277
244
985
881
Sunrise Dam
127
125
478
434
Tropicana - Attributable 70%
139
109
467
411
Admin and other
11
10
40
36
AMERICAS
228
219
876
813
Cerro Vanguardia(3)
67
79
309
284
AngloGold Ashanti Mineração
132
100
410
365
Serra Grande
29
40
154
162
Admin and other
—
—
3
2
PROJECTS
2
4
8
10
CORPORATE AND OTHER(4)
46
28
139
112
Managed operations
1,363
1,102
4,914
3,963
Non-managed joint ventures(1)
87
93
393
354
GROUP(2)
1,450
1,195
5,307
4,317
Adjusted to exclude Sukari
Managed operations(5)
1,221
1,019
4,360
3,880
Non-managed joint ventures(1)
87
93
393
354
GROUP(2)(5)
1,308
1,112
4,753
4,234
(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 and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
5
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OPERATING STATISTICS  I SUSTAINING CAPITAL EXPENDITURE
SUSTAINING CAPITAL EXPENDITURE* ($m)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
21
19
71
68
Kibali - Attributable 45%(1)
21
19
71
68
AFRICA: MANAGED OPERATIONS
219
160
723
547
Iduapriem
39
28
101
108
Obuasi
47
34
174
145
Siguiri(3)
37
26
85
93
Geita
53
52
218
181
Sukari(3)(4)
43
20
145
20
Admin and other
—
—
—
—
AUSTRALIA
42
37
122
102
Sunrise Dam
29
26
87
65
Tropicana - Attributable 70%
13
11
35
37
Admin and other
—
—
—
—
AMERICAS
66
66
220
209
Cerro Vanguardia(3)
21
24
64
71
AngloGold Ashanti Mineração
41
30
119
98
Serra Grande
4
12
37
40
Admin and other
—
—
—
—
PROJECTS
1
3
3
5
CORPORATE AND OTHER(6)
1
—
2
1
Managed operations
329
266
1,070
864
Non-managed joint ventures(1)
21
19
71
68
GROUP(2)
350
285
1,141
932
Adjusted to exclude Sukari
Managed operations(5)
286
246
925
844
Non-managed joint ventures(1)
21
19
71
68
GROUP(2)(5)
307
265
996
912
(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.
(6) Corporate included non-gold producing managed operations.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
6
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OPERATING STATISTICS  I  KIBALI
KIBALI(1)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
298
397
1,325
1,615
Underground waste
51
52
217
199
Total underground
349
449
1,542
1,814
Underground ore mined grade (g/tonne)
5.38
5.27
5.17
5.21
Open pit tonnes mined (000 tonnes):
Open pit ore
884
631
2,859
2,045
Open pit waste
5,608
3,740
19,196
15,539
Total open pit
6,492
4,371
22,055
17,584
Open pit mined grade (g/tonne)
1.59
1.46
1.51
1.43
Tonnes milled/processed (000 tonnes):
Underground operations
293
394
1,308
1,598
Open pit operations
639
577
2,437
2,229
Total tonnes milled/processed
932
971
3,745
3,827
Average mill head grade (g/tonne)
2.91
2.88
2.79
2.82
Recovery rate (%)
90.8
88.5
90.3
89.1
Total recovered grade (g/tonne)
2.64
2.55
2.52
2.51
Gold ounces produced oz(000)
79
80
303
309
Gold ounces sold oz(000)
78
78
298
309
Average gold price received*(2) ($/ounce)
4,162
2,661
3,483
2,401
Gold income per segment information ($m)
327
208
1,038
741
Total cash costs* ($/ounce):
Operating costs
962
842
964
822
By-product credits
(9)
(5)
(7)
(5)
Royalties
204
130
191
118
Total cash costs* ($/ounce produced)
1,156
967
1,148
935
Total cash costs* ($m)
92
77
348
289
All-in sustaining costs* ($/ounce):
Total cash costs*
1,156
967
1,148
935
Inventory movements
(11)
6
(5)
(4)
Adjusted for decommissioning, inventory amortisation and other
1
1
1
1
Rehabilitation and other non-cash costs
(289)
(1)
(59)
(2)
Lease payment sustaining
(11)
(35)
(5)
(5)
Sustaining exploration and study costs
—
—
—
—
Sustaining capital expenditure
260
249
237
221
All-in sustaining costs* ($/ounce sold)
1,108
1,188
1,317
1,146
All-in sustaining costs* ($m)
87
93
393
354
Capital expenditure ($m):
Sustaining capital expenditure*
21
19
71
68
Non-sustaining capital expenditure*
20
17
80
57
Total capital expenditure
41
36
151
125
(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 and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
7
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OPERATING STATISTICS  I  IDUAPRIEM
IDUAPRIEM
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Open pit tonnes mined (000 tonnes):
Open pit ore
685
822
3,067
4,476
Open pit waste
11,243
9,353
36,390
36,098
Total open pit
11,928
10,175
39,457
40,574
Open pit mined grade (g/tonne)
1.83
1.54
1.73
1.52
Tonnes milled/processed (000 tonnes):
Open pit operations
1,345
1,422
5,116
5,410
Average mill head grade (g/tonne)
1.21
1.15
1.26
1.38
Recovery rate (%)
94.6
94.6
94.9
95.9
Total recovered grade (g/tonne)
1.16
1.09
1.21
1.36
Gold ounces produced oz(000)
50
50
199
237
Gold ounces sold oz(000)
53
47
201
238
Average gold price received*(1) ($/ounce)
4,208
2,654
3,505
2,364
Gold income per segment information ($m)
224
125
704
563
Total cash costs* ($/ounce):
Operating costs
1,268
1,354
1,307
1,001
By-product credits
(2)
(1)
(2)
(2)
Royalties
224
125
177
119
Total cash costs* ($/ounce produced)
1,489
1,478
1,482
1,118
Total cash costs* ($m)
74
74
295
265
All-in sustaining costs* ($/ounce):
Total cash costs*
1,489
1,478
1,482
1,118
Inventory movements
25
(31)
1
(12)
Adjusted for decommissioning, inventory amortisation and other
(2)
7
(2)
1
Rehabilitation and other non-cash costs
(23)
66
65
30
Lease payment sustaining
43
23
28
24
Sustaining exploration and study costs
28
—
17
—
Sustaining capital expenditure
742
587
506
454
All-in sustaining costs* ($/ounce sold)
2,303
2,131
2,096
1,614
All-in sustaining costs* ($m)
123
100
421
385
Capital expenditure ($m):
Sustaining capital expenditure*
39
28
101
108
Non-sustaining capital expenditure*
24
22
72
61
Total capital expenditure
63
50
173
169
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
8
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OPERATING STATISTICS  I  OBUASI
OBUASI
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
342
319
1,282
1,127
Underground waste
179
213
771
841
Total underground
521
532
2,053
1,968
Underground ore mined grade (g/tonne)
6.13
6.27
6.43
6.34
Tonnes milled/processed (000 tonnes):
Underground operations
359
301
1,336
1,144
Supplemental tailings
—
11
—
141
Total tonnes milled/processed
359
312
1,336
1,285
Average mill head grade (g/tonne)
6.97
6.86
7.06
6.25
Recovery rate (%)
89.2
88.4
89.2
86.0
Total recovered grade (g/tonne)
6.26
6.01
6.19
5.35
Gold ounces produced oz(000)
72
60
266
221
Gold ounces sold oz(000)
78
59
269
222
Average gold price received*(1) ($/ounce)
4,179
2,653
3,511
2,389
Gold income per segment information ($m)
328
157
942
530
Total cash costs* ($/ounce):
Operating costs
1,155
1,042
1,153
1,097
By-product credits
(6)
(3)
(5)
(2)
Royalties
227
131
177
120
Total cash costs* ($/ounce produced)
1,376
1,169
1,325
1,214
Total cash costs* ($m)
100
71
353
268
All-in sustaining costs* ($/ounce):
Total cash costs*
1,376
1,169
1,325
1,214
Inventory movements
33
42
4
5
Adjusted for decommissioning, inventory amortisation and other
(1)
(2)
(2)
(2)
Rehabilitation and other non-cash costs
66
122
48
63
Lease payment sustaining
—
—
—
—
Sustaining exploration and study costs
6
10
4
8
Sustaining capital expenditure
598
564
647
654
All-in sustaining costs* ($/ounce sold)
2,079
1,905
2,026
1,942
All-in sustaining costs* ($m)
164
113
544
430
Capital expenditure ($m):
Sustaining capital expenditure*
47
34
174
145
Non-sustaining capital expenditure*
17
20
35
57
Total capital expenditure
64
54
209
202
(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 and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
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OPERATING STATISTICS  I  SIGUIRI
SIGUIRI(1)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Open pit tonnes mined (000 tonnes):
Open pit ore
1,715
1,619
6,211
5,064
Open pit waste
5,702
7,353
24,291
24,279
Total open pit
7,417
8,972
30,502
29,343
Open pit mined grade (g/tonne)
1.35
1.21
1.31
1.29
Tonnes milled/processed (000 tonnes):
Open pit operations
3,020
2,938
10,813
11,103
Average mill head grade (g/tonne)
0.99
0.87
0.93
0.90
Recovery rate (%)
92.3
90.0
90.8
85.0
Total recovered grade (g/tonne)
0.88
0.78
0.83
0.76
Gold ounces produced oz(000)
85
74
289
273
Gold ounces sold oz(000)
79
69
289
272
Average gold price received*(2) ($/ounce)
4,172
2,651
3,423
2,404
Gold income per segment information ($m)
328
182
990
653
Total cash costs* ($/ounce):
Operating costs
1,630
1,577
1,545
1,566
By-product credits
(2)
(2)
(2)
(2)
Royalties
270
172
240
140
Total cash costs* ($/ounce produced)
1,898
1,747
1,783
1,703
Total cash costs* ($m)
163
129
516
465
All-in sustaining costs* ($/ounce):
Total cash costs*
1,898
1,747
1,783
1,703
Inventory movements
(22)
(24)
(3)
(7)
Adjusted for decommissioning, inventory amortisation and other
—
—
—
—
Rehabilitation and other non-cash costs
90
24
39
21
Lease payment sustaining
17
20
18
11
Sustaining exploration and study costs
42
38
34
23
Sustaining capital expenditure
467
382
295
342
All-in sustaining costs* ($/ounce sold)
2,493
2,186
2,165
2,093
All-in sustaining costs* ($m)
196
150
627
569
Capital expenditure ($m):
Sustaining capital expenditure*
37
26
85
93
Non-sustaining capital expenditure*
13
3
17
9
Total capital expenditure
50
29
102
102
(1) On a consolidated basis. Siguiri is owned 85% by AngloGold Ashanti.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
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OPERATING STATISTICS  I  GEITA
GEITA
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
665
725
2,826
2,831
Underground waste
272
374
1,345
1,340
Total underground
937
1,099
4,171
4,171
Underground ore mined grade (g/tonne)
3.60
4.45
3.71
4.21
Open pit tonnes mined (000 tonnes):
Open pit ore
1,306
1,525
5,258
4,042
Open pit waste
4,593
5,644
21,481
22,032
Total open pit
5,899
7,169
26,739
26,074
Open pit mined grade (g/tonne)
1.83
1.63
1.80
1.54
Tonnes milled/processed (000 tonnes):
Underground operations
646
686
2,611
2,642
Open pit operations
766
740
2,594
2,807
Total tonnes milled/processed
1,412
1,426
5,205
5,449
Average mill head grade (g/tonne)
2.77
3.26
3.26
3.03
Recovery rate (%)
89.8
91.0
90.2
90.9
Total recovered grade (g/tonne)
2.49
2.97
2.94
2.76
Gold ounces produced oz(000)
113
136
492
483
Gold ounces sold oz(000)
114
122
499
479
Average gold price received*(1) ($/ounce)
4,239
2,658
3,465
2,399
Gold income per segment information ($m)
484
323
1,730
1,150
Total cash costs* ($/ounce):
Operating costs
953
754
843
846
By-product credits
(10)
(6)
(7)
(5)
Royalties
244
143
202
143
Total cash costs* ($/ounce produced)
1,187
892
1,038
984
Total cash costs* ($m)
133
121
510
476
All-in sustaining costs* ($/ounce):
Total cash costs*
1,187
892
1,038
984
Inventory movements
(82)
(35)
(21)
(6)
Adjusted for decommissioning, inventory amortisation and other
4
(2)
(1)
(3)
Rehabilitation and other non-cash costs
(2)
5
12
6
Lease payment sustaining
37
48
41
47
Sustaining exploration and study costs
13
(14)
19
13
Sustaining capital expenditure
464
434
438
377
All-in sustaining costs* ($/ounce sold)
1,621
1,327
1,525
1,418
All-in sustaining costs* ($m)
185
161
760
680
Capital expenditure ($m):
Sustaining capital expenditure*
53
52
218
181
Non-sustaining capital expenditure*
5
6
20
15
Total capital expenditure
58
58
238
196
(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 and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
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OPERATING STATISTICS  I  SUKARI
SUKARI(1)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
329
71
1,171
71
Underground waste
205
68
841
68
Total underground
534
139
2,012
139
Underground ore mined grade (g/tonne)
2.83
4.30
3.66
4.30
Open pit tonnes mined (000 tonnes):
Open pit ore
1,974
1,027
10,119
1,027
Open pit waste
19,817
6,457
77,918
6,457
Total open pit
21,791
7,484
88,037
7,484
Open pit mined grade (g/tonne)
1.29
0.95
1.18
0.95
Heap leach tonnes mined (000 tonnes):
Heap leach ore mined
—
423
190
423
Heap leach recovered grade (g/tonne)
—
—
0.34
—
Tonnes milled/processed (000 tonnes):
Underground operations
333
93
1,161
93
Open pit operations
2,846
763
11,020
763
Total tonnes milled/processed
3,179
856
12,181
856
Heap leach placed
—
423
190
423
Average mill head grade (g/tonne)
1.26
1.46
1.37
1.46
Recovery rate (%)
89.5
89.9
89.1
89.9
Total recovered grade (g/tonne)
1.16
0.97
1.26
0.97
Gold ounces produced oz(000)
119
40
500
40
Gold ounces sold oz(000)
119
44
507
44
Average gold price received*(2) ($/ounce)
4,152
2,669
3,447
2,669
Gold income per segment information ($m)
492
119
1,748
119
Total cash costs* ($/ounce):
Operating costs
731
1,085
686
1,085
By-product credits
(11)
(8)
(7)
(8)
Royalties
121
89
104
89
Total cash costs* ($/ounce produced)
841
1,165
783
1,165
Total cash costs* ($m)
99
46
391
46
All-in sustaining costs* ($/ounce):
Total cash costs*
841
1,165
783
1,165
Inventory movements
—
258
15
258
Adjusted for decommissioning, inventory amortisation and other
—
—
—
—
Rehabilitation and other non-cash costs
1
2
5
2
Lease payment sustaining
4
4
6
4
Sustaining exploration and study costs
—
—
—
—
Sustaining capital expenditure(3)
364
428
285
428
All-in sustaining costs* ($/ounce sold)(3)
1,211
1,858
1,094
1,858
All-in sustaining costs* ($m)(3)
142
83
554
83
Capital expenditure ($m):
Sustaining capital expenditure*(3)
43
20
145
20
Non-sustaining capital expenditure*
35
—
117
—
Total capital expenditure(3)
78
20
262
20
(1) On a consolidated basis. Sukari is owned 50% by AngloGold Ashanti.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
(3) Due to the short timeframe since the acquisition of Sukari in November 2024 , sustaining capital expenditure* may not accurately reflect typical spending patterns.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
12
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OPERATING STATISTICS  I  SUNRISE DAM
SUNRISE DAM
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
596
588
2,436
2,522
Underground waste
218
193
834
726
Total underground
814
781
3,270
3,248
Underground ore mined grade (g/tonne)
2.27
2.72
2.36
3.21
Open pit tonnes mined (000 tonnes):
Open pit ore
352
153
528
396
Open pit waste
2,790
1,697
10,798
8,487
Total open pit
3,142
1,850
11,326
8,883
Open pit mined grade (g/tonne)
2.27
2.87
1.95
2.33
Tonnes milled/processed (000 tonnes):
Underground operations
583
622
2,377
2,399
Open pit operations
407
331
1,496
1,494
Total tonnes milled/processed
990
953
3,873
3,893
Average mill head grade (g/tonne)
2.10
2.33
2.06
2.43
Recovery rate (%)
88.5
87.6
88.9
85.5
Total recovered grade (g/tonne)
1.83
2.15
1.86
2.07
Gold ounces produced oz(000)
58
66
232
259
Gold ounces sold oz(000)
60
66
230
261
Average gold price received*(1) ($/ounce)
4,161
2,653
3,436
2,402
Gold income per segment information ($m)
247
176
789
626
Total cash costs* ($/ounce):
Operating costs
1,457
1,334
1,544
1,283
By-product credits
(10)
(8)
(9)
(6)
Royalties
154
80
100
67
Total cash costs* ($/ounce produced)
1,601
1,406
1,634
1,343
Total cash costs* ($m)
93
93
379
347
All-in sustaining costs* ($/ounce):
Total cash costs*
1,601
1,406
1,634
1,343
Inventory movements
23
(2)
2
2
Adjusted for decommissioning, inventory amortisation and other
4
(4)
4
(4)
Rehabilitation and other non-cash costs
(60)
18
(16)
6
Lease payment sustaining
63
66
66
67
Sustaining exploration and study costs
24
6
10
4
Sustaining capital expenditure
490
399
378
247
All-in sustaining costs* ($/ounce sold)
2,145
1,888
2,078
1,665
All-in sustaining costs* ($m)
127
125
478
434
Capital expenditure ($m):
Sustaining capital expenditure*
29
26
87
65
Non-sustaining capital expenditure*
—
—
—
—
Total capital expenditure
29
26
87
65
(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 and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
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OPERATING STATISTICS  I  TROPICANA
TROPICANA(1)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
402
353
1,397
1,318
Underground waste
132
80
513
350
Total underground
534
433
1,910
1,668
Underground ore mined grade (g/tonne)
3.14
3.51
3.10
3.29
Open pit tonnes mined (000 tonnes):
Open pit ore
657
1,406
2,559
3,157
Open pit waste
8,903
6,968
33,258
33,589
Total open pit
9,560
8,374
35,817
36,746
Open pit mined grade (g/tonne)
2.04
1.77
1.58
1.63
Tonnes milled/processed (000 tonnes):
Underground operations
408
355
1,399
1,310
Open pit operations
1,239
1,272
5,060
4,933
Total tonnes milled/processed
1,647
1,627
6,459
6,243
Average mill head grade (g/tonne)
1.91
2.13
1.63
1.73
Recovery rate (%)
89.8
90.2
90.2
90.0
Total recovered grade (g/tonne)
1.75
1.92
1.47
1.56
Gold ounces produced oz(000)
93
100
305
313
Gold ounces sold oz(000)
96
100
309
317
Average gold price received*(2) ($/ounce)
4,190
2,649
3,511
2,422
Gold income per segment information ($m)
403
265
1,087
768
Total cash costs* ($/ounce):
Operating costs
1,055
867
1,219
1,080
By-product credits
(17)
(8)
(14)
(9)
Royalties
195
65
125
61
Total cash costs* ($/ounce produced)
1,234
924
1,330
1,132
Total cash costs* ($m)
114
93
406
354
All-in sustaining costs* ($/ounce):
Total cash costs*
1,234
924
1,330
1,132
Inventory movements
22
7
(2)
8
Adjusted for decommissioning, inventory amortisation and other
1
1
1
1
Rehabilitation and other non-cash costs
(5)
22
(1)
7
Lease payment sustaining
60
25
69
31
Sustaining exploration and study costs
1
1
1
—
Sustaining capital expenditure
132
106
111
117
All-in sustaining costs* ($/ounce sold)
1,444
1,086
1,508
1,297
All-in sustaining costs* ($m)
139
109
467
411
Capital expenditure ($m):
Sustaining capital expenditure*
13
11
35
37
Non-sustaining capital expenditure*
19
3
63
51
Total capital expenditure
32
14
98
88
(1) On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the attributable ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
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OPERATING STATISTICS  I  CERRO VANGUARDIA
CERRO VANGUARDIA(1)
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
109
122
432
439
Underground waste
41
48
121
115
Total underground
150
170
553
554
Underground ore mined grade (g/tonne)
4.24
5.56
5.26
5.48
Open pit tonnes mined (000 tonnes):
Open pit ore
233
242
839
799
Open pit waste
4,524
5,457
17,727
19,466
Total open pit
4,757
5,699
18,566
20,265
Open pit mined grade (g/tonne)
3.21
2.71
3.13
2.74
Heap leach tonnes mined (000 tonnes):
Heap leach ore mined
337
364
1,012
1,194
Heap leach recovered grade (g/tonne)
0.28
0.27
0.53
0.48
Tonnes milled/processed(3) (000 tonnes):
Underground operations
137
107
532
497
Open pit operations
179
232
720
755
Total tonnes milled/processed
316
339
1,252
1,252
Heap leach placed
549
596
1,997
2,020
Average mill head grade (g/tonne)
3.79
3.83
3.82
3.68
Recovery rate (%)
95.1
95.4
95.5
95.2
Total recovered grade (g/tonne)
1.53
1.56
1.72
1.67
Gold ounces produced oz(000)
42
47
179
175
Gold ounces sold oz(000)
36
44
178
183
Average gold price received*(2) ($/ounce)
4,163
2,655
3,426
2,389
Gold income per segment information ($m)
148
116
612
439
Total cash costs* ($/ounce):
Operating costs
1,737
1,621
1,724
1,525
By-product credits
(835)
(636)
(724)
(622)
Royalties
239
170
227
171
Total cash costs* ($/ounce produced)
1,142
1,155
1,227
1,073
Total cash costs* ($m)
49
54
220
189
All-in sustaining costs* ($/ounce):
Total cash costs*
1,142
1,155
1,227
1,073
Inventory movements
137
(112)
26
(55)
Adjusted for decommissioning, inventory amortisation and other
(150)
144
(12)
53
Rehabilitation and other non-cash costs
119
56
98
53
Lease payment sustaining
—
—
—
—
Sustaining exploration and study costs
29
25
31
33
Sustaining capital expenditure
574
542
356
387
All-in sustaining costs* ($/ounce sold)
1,850
1,811
1,726
1,544
All-in sustaining costs* ($m)
67
79
309
284
Capital expenditure ($m):
Sustaining capital expenditure*
21
24
64
71
Non-sustaining capital expenditure*
—
—
—
—
Total capital expenditure
21
24
64
71
(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.
(3) Cerro Vanguardia has adjusted the basis of allocation between open-pit, underground and other treated tonnes resulting in an adjustment of treated tonnes and
related grades for 2024.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
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OPERATING STATISTICS  I  ANGLOGOLD ASHANTI MINERAÇÃO
ANGLOGOLD ASHANTI MINERAÇÃO
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
335
247
1,436
662
Underground waste
373
320
1,466
1,216
Concentrate ore
135
80
195
761
Total underground
843
647
3,097
2,640
Underground ore mined grade (g/tonne)
5.28
7.50
5.80
6.39
Tonnes milled/processed (000 tonnes):
Underground operations
341
245
1,427
663
Concentrate
135
80
196
765
Total tonnes milled/processed
476
325
1,623
1,428
Average mill head grade (g/tonne)
5.34
7.50
5.80
6.32
Recovery rate (%)
92.8
96.3
91.9
96.4
Total recovered grade (g/tonne)
5.02
7.15
5.23
5.90
Gold ounces produced(1) oz(000)
77
75
273
271
Gold ounces sold(1) oz(000)
79
74
272
274
Average gold price received*(2) ($/ounce)
4,080
2,624
3,478
2,313
Gold income per segment information ($m)
323
195
946
634
Total cash costs* ($/ounce):
Operating costs
1,047
835
984
845
By-product credits
(61)
(24)
(67)
(7)
Royalties
71
47
59
38
Total cash costs* ($/ounce produced)
1,058
859
976
876
Total cash costs* ($m)
82
64
266
237
All-in sustaining costs* ($/ounce):
Total cash costs*
1,058
859
976
876
Inventory movements
2
17
4
(2)
Adjusted for decommissioning, inventory amortisation and other
(12)
(4)
(1)
2
Rehabilitation and other non-cash costs
6
(32)
—
(5)
Lease payment sustaining
72
85
86
99
Sustaining exploration and study costs
14
12
5
6
Sustaining capital expenditure
529
407
436
358
All-in sustaining costs* ($/ounce sold)
1,670
1,344
1,506
1,334
All-in sustaining costs* ($m)
132
100
410
365
Capital expenditure ($m):
Sustaining capital expenditure*
41
30
119
98
Non-sustaining capital expenditure*
5
—
16
—
Total capital expenditure
46
30
135
98
(1) Includes gold concentrate from the Cuiabá mine sold to third parties.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q4 2025 EARNINGS RELEASE: OPERATING STATISTICS
16
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OPERATING STATISTICS  I  SERRA GRANDE
SERRA GRANDE
Quarter
Quarter
Year
Year
ended
ended
ended
ended
Dec
Dec
Dec
Dec
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
210
216
875
854
Underground waste
90
87
439
537
Total underground
300
303
1,314
1,391
Underground ore mined grade (g/tonne)
1.85
2.66
2.05
2.87
Open pit tonnes mined (000 tonnes):
Open pit ore
—
99
2
159
Open pit waste
—
108
—
816
Total open pit
—
207
2
975
Open pit mined grade (g/tonne)
—
1.44
1.31
1.35
Tonnes milled/processed (000 tonnes):
Underground operations
214
260
872
897
Open pit operations
—
85
2
142
Total tonnes milled/processed
214
345
874
1,039
Average mill head grade (g/tonne)
1.68
1.95
1.91
2.33
Recovery rate (%)
90.6
90.9
91.7
92.3
Total recovered grade (g/tonne)
1.63
2.01
1.89
2.39
Gold ounces produced oz(000)
11
22
53
80
Gold ounces sold oz(000)
11
22
53
80
Average gold price received*(1) ($/ounce)
4,094
2,670
3,452
2,402
Gold income per segment information ($m)
46
58
182
191
Total cash costs* ($/ounce):
Operating costs
2,019
1,286
2,101
1,359
By-product credits
—
—
(1)
—
Royalties
76
53
65
52
Total cash costs* ($/ounce produced)
2,095
1,338
2,165
1,411
Total cash costs* ($m)
23
30
115
113
All-in sustaining costs* ($/ounce):
Total cash costs*
2,095
1,338
2,165
1,411
Inventory movements
(44)
(2)
(19)
3
Adjusted for decommissioning, inventory amortisation and other
51
13
26
—
Rehabilitation and other non-cash costs
(38)
(177)
(88)
1
Lease payment sustaining
131
105
151
125
Sustaining exploration and study costs
—
1
—
2
Sustaining capital expenditure
389
565
715
497
All-in sustaining costs* ($/ounce sold)
2,583
1,842
2,951
2,039
All-in sustaining costs* ($m)
29
40
154
162
Capital expenditure ($m):
Sustaining capital expenditure*
4
12
37
40
Non-sustaining capital expenditure*
—
—
—
—
Total capital expenditure
4
12
37
40
(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 and year ended 31 December 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: 20 February 2026
By:/s/ C STEAD
Name:C Stead
Title:Company Secretary

Source: View Original Filing on SEC EDGAR

FAQ

How much gold did AngloGold Ashanti (AU) produce in 2025?

AngloGold Ashanti produced 3,091 thousand ounces of gold in 2025, up from 2,661 thousand ounces in 2024. Managed operations delivered 2,788 thousand ounces and non‑managed joint ventures added 303 thousand ounces for the year.

How much gold did AngloGold Ashanti (AU) sell in 2025?

In 2025 AngloGold Ashanti sold 3,105 thousand ounces of gold, compared with 2,679 thousand ounces in 2024. Managed operations accounted for 2,807 thousand ounces sold, while non‑managed joint ventures contributed 298 thousand ounces.

What were AngloGold Ashanti (AU) total cash costs in 2025?

AngloGold Ashanti’s group total cash costs were $3,839 million in 2025, higher than $3,079 million in 2024. Managed operations represented $3,491 million and non‑managed joint ventures $348 million of these total cash costs.

What were AngloGold Ashanti (AU) all-in sustaining costs for 2025?

All‑in sustaining costs for AngloGold Ashanti were $5,307 million in 2025, up from $4,317 million in 2024. Managed operations incurred $4,914 million, while non‑managed joint ventures accounted for $393 million of the total.

How much sustaining capital did AngloGold Ashanti (AU) spend in 2025?

In 2025 AngloGold Ashanti’s group sustaining capital expenditure was $1,141 million, compared with $932 million in 2024. Managed operations spent $1,070 million and non‑managed joint ventures $71 million on sustaining capital.

What was Sukari’s contribution to AngloGold Ashanti (AU) in 2025?

Sukari, 50% owned by AngloGold Ashanti, produced 500 thousand ounces and sold 507 thousand ounces in 2025. Total cash costs were $391 million and all‑in sustaining costs were $554 million for the year, on a consolidated basis.

How did Kibali perform for AngloGold Ashanti (AU) in 2025?

Kibali, 45% owned by AngloGold Ashanti, produced 303 thousand ounces and sold 298 thousand ounces in 2025. Total cash costs were $348 million and all‑in sustaining costs reached $393 million, on an attributable basis.