AngloGold Ashanti (NYSE: AU) Q2 2026 gold output, cash costs and capex
Rhea-AI Filing Summary
AngloGold Ashanti reported group gold production of 744,000 ounces in the quarter ended 30 June 2026, compared with 804,000 ounces a year earlier, and 1,468,000 ounces for the first half versus 1,524,000 ounces. Gold sold was 753,000 ounces in the quarter and 1,472,000 ounces for six months.
Group total cash costs were $1,100m in Q2 2026, up from $985m, and all-in sustaining costs were $1,535m versus $1,334m, with sustaining capital expenditure of $332m in the quarter and $638m year-to-date. Managed operations produced 668,000 ounces in Q2, with Sukari at 119,000 ounces, Geita at 116,000 ounces and Tropicana (70% attributable) at 93,000 ounces, while the Kibali joint venture contributed 76,000 attributable ounces. Kibali’s average gold price received was $4,430/oz versus $3,283/oz a year earlier, and mines including Iduapriem, Obuasi and Sunrise Dam also reported higher average prices per ounce. Total cash costs, all-in sustaining costs and sustaining capital expenditure are Non-GAAP measures used alongside IFRS results, with definitions and reconciliations provided in the company’s Q2 2026 Earnings Release.
Positive
- None.
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- Group all-in sustaining costs were $1,535m in Q2 2026 versus $1,334m a year earlier, and total cash costs increased to $1,100m from $985m, indicating higher aggregate cost levels.
Key Figures
Group gold production Q2 2026: 744 (000 ounces)
Group gold sold Q2 2026: 753 (000 ounces)
Group total cash costs Q2 2026: 1,100 $m
+4 more
7 metrics
Group gold production Q2 2026
744 (000 ounces)
Quarter ended 30 June 2026; group including equity-accounted joint ventures
Group gold sold Q2 2026
753 (000 ounces)
Quarter ended 30 June 2026; group including equity-accounted joint ventures
Group total cash costs Q2 2026
1,100 $m
Total cash costs for the quarter ended 30 June 2026
Group all-in sustaining costs Q2 2026
1,535 $m
All-in sustaining costs for the quarter ended 30 June 2026
Group sustaining capital expenditure Q2 2026
332 $m
Sustaining capital expenditure for the quarter ended 30 June 2026
Kibali average gold price received Q2 2026
4,430 $/ounce
Average gold price received per ounce at Kibali in Q2 2026
Sukari gold production Q2 2026
119 (000 ounces)
Gold ounces produced at Sukari in the quarter ended 30 June 2026
Key Terms
total cash costs, all-in sustaining costs, sustaining capital expenditure, non-sustaining capital expenditure, +1 more
5 terms
total cash costs financial
"Total cash costs* ($m)"
Total cash costs measure the direct, out-of-pocket expense to produce one unit of a commodity (for example per ounce or per ton), typically including materials, labor, energy and on-site operating expenses but excluding non-cash items like depreciation and broader corporate overhead. Investors use it like a baker checking ingredient and utility bills per loaf: it shows how cheaply a business can turn raw inputs into saleable product and helps estimate profit margin and near-term cash flow.
all-in sustaining costs financial
"All-in sustaining costs* ($m)"
All-in sustaining costs (AISC) is a per-unit measure used mainly in the mining sector that captures the full ongoing cost to produce a unit of metal, including operating expenses, sustaining capital (maintenance of current operations), and a share of corporate overhead and site-level costs. Investors use AISC to judge whether production generates real profit and sustainable cash flow—think of it as the total monthly household cost to keep a home running, not just the utility bill.
sustaining capital expenditure financial
"Sustaining capital expenditure* ($m)"
non-sustaining capital expenditure financial
"Non-sustaining capital expenditure*"
equity-accounted joint venture financial
"(1) Equity-accounted joint venture."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How much gold did AngloGold Ashanti (AU) produce in Q2 2026?
AngloGold Ashanti produced 744,000 ounces of gold on a group basis in Q2 2026, including equity-accounted joint ventures. First-half 2026 production was 1,468,000 ounces, compared with 804,000 and 1,524,000 ounces in the respective prior-year periods.
What were AngloGold Ashanti (AU)'s group cash costs in Q2 2026?
Group total cash costs were $1,100m in Q2 2026 compared with $985m in Q2 2025. For the six months ended 30 June 2026, total cash costs were $2,107m, up from $1,866m in the first half of 2025.
How did all-in sustaining costs change for AngloGold Ashanti (AU) in Q2 2026?
Group all-in sustaining costs were $1,535m in Q2 2026 versus $1,334m a year earlier. For the first half of 2026, all-in sustaining costs totaled $2,940m, compared with $2,543m in the first half of 2025.
What were Q2 2026 production levels at key AngloGold Ashanti (AU) mines?
In Q2 2026, Sukari produced 119,000 ounces, Geita 116,000 ounces, Tropicana (70% attributable) 93,000 ounces, Iduapriem 47,000 ounces and Obuasi 48,000 ounces. The Kibali joint venture contributed 76,000 attributable ounces.
How much sustaining capital expenditure did AngloGold Ashanti (AU) report for Q2 2026?
Group sustaining capital expenditure was $332m in Q2 2026, compared with $273m in Q2 2025. For the six months ended 30 June 2026, sustaining capital expenditure totaled $638m, versus $509m in the prior-year first half.
What average gold prices did AngloGold Ashanti (AU) receive at major operations in Q2 2026?
In Q2 2026, Kibali’s average gold price received was $4,430/oz, Iduapriem’s $4,459/oz, Obuasi’s $4,502/oz and Sukari’s $4,515/oz. Each of these averages was higher than the comparable Q2 2025 price for the same mine.
How does AngloGold Ashanti (AU) use Non-GAAP measures in its reporting?
AngloGold Ashanti uses Non-GAAP metrics such as total cash costs, all-in sustaining costs and sustaining capital expenditure to manage its business. These are presented in addition to IFRS measures, with reconciliations provided in its Q2 2026 Earnings Release.
