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AU posts higher Q3 2025 output; costs and capex increase

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Form Type
6-K

Rhea-AI Filing Summary

AngloGold Ashanti (AU) filed Q3 2025 operating statistics. Group gold production was 768 thousand ounces, up from 657 thousand a year ago, and nine‑month production reached 2,292 thousand versus 1,911 thousand. Managed operations delivered 682 thousand ounces, with notable contributions from Sukari at 135 thousand, Geita at 125 thousand and Kibali (45% attributable) at 86 thousand. Group gold sold was 764 thousand ounces versus 667 thousand, and 2,302 thousand for the nine months versus 1,954 thousand.

Costs rose alongside higher volumes. Group total cash costs were $940 million versus $769 million, and all‑in sustaining costs (AISC) were $1,314 million versus $1,078 million. Sustaining capital expenditure was $281 million versus $227 million. Excluding Sukari (acquired on 22 November 2024 as part of the Centamin acquisition), adjusted group production was 633 thousand ounces versus 657 thousand, with managed operations at 547 thousand versus 586 thousand.

By site: Iduapriem produced 60 thousand ounces; Obuasi 69 thousand; Siguiri 39 thousand; Sunrise Dam 52 thousand; Tropicana (70% attributable) 73 thousand; Cerro Vanguardia (92.5%) 43 thousand; AngloGold Ashanti Mineração 71 thousand; Serra Grande 15 thousand.

Positive

  • None.

Negative

  • None.

Insights

Production rose on Sukari consolidation; costs increased broadly.

Production: Group output reached 768 thousand ounces in Q3 2025 versus 657 thousand, with strong contributions from Sukari 135 thousand, Geita 125 thousand, and Kibali 86 thousand. Nine‑month production was 2,292 thousand versus 1,911 thousand, indicating higher year‑to‑date volumes.

Costs and capex: Group total cash costs were $940m versus $769m, and AISC were $1,314m versus $1,078m, reflecting higher operating activity and sustaining spend. Sustaining capital was $281m versus $227m. Ex‑Sukari, adjusted group production was 633 thousand versus 657 thousand, suggesting underlying volumes were steady to slightly lower.

Takeaway: The report lists higher production driven by portfolio mix and acquisition effects, while cost metrics also increased. Subsequent filings may provide additional detail on margins by site and the full‑year impact.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What was AngloGold Ashanti (AU) group gold production in Q3 2025?
Group production was 768 thousand ounces, up from 657 thousand in Q3 2024.

How much gold did AngloGold Ashanti (AU) sell in Q3 2025?
Gold sold was 764 thousand ounces, compared to 667 thousand a year earlier.

What were AngloGold Ashanti’s Q3 2025 cost metrics?
Total cash costs were $940 million and all‑in sustaining costs (AISC) were $1,314 million.

Which operations led Q3 2025 output for AngloGold Ashanti (AU)?
Sukari produced 135k oz, Geita 125k oz, and Kibali (45% attributable) 86k oz.

How did nine‑month 2025 results compare for AngloGold Ashanti (AU)?
Nine‑month production was 2,292 thousand ounces versus 1,911 thousand; gold sold was 2,302 thousand ounces versus 1,954 thousand.

What spending did AngloGold Ashanti (AU) report on sustaining capital in Q3 2025?
Sustaining capital expenditure was $281 million, up from $227 million in Q3 2024.

How did results look excluding Sukari for AngloGold Ashanti (AU)?
Adjusted group production was 633 thousand ounces versus 657 thousand, and managed operations were 547 thousand ounces versus 586 thousand.
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  November 2025
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 Nine Months Ended 30
September 2025
q32025reportbanneroperatio.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 nine months ended 30 September 2025, which is available on its website.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
1
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OPERATING STATISTICS  I GOLD PRODUCTION
GOLD PRODUCTION (000 OUNCES)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
86
71
224
229
Kibali - Attributable 45%(1)
86
71
224
229
AFRICA: MANAGED OPERATIONS
428
301
1,307
894
Iduapriem
60
59
149
187
Obuasi
69
53
194
161
Siguiri(3)
39
71
204
199
Geita
125
118
379
347
Sukari(3)
135
—
381
—
AUSTRALIA
125
160
386
406
Sunrise Dam
52
73
174
193
Tropicana - Attributable 70%
73
87
212
213
AMERICAS
129
125
375
382
Cerro Vanguardia(3)
43
42
137
129
AngloGold Ashanti Mineração(4)
71
67
196
196
Serra Grande
15
16
42
57
Managed operations
682
586
2,068
1,682
Non-managed joint ventures(1)
86
71
224
229
GROUP (2)
768
657
2,292
1,911
Adjusted to exclude Sukari
Managed operations(5)
547
586
1,687
1,682
Non-managed joint ventures(1)
86
71
224
229
GROUP(2)(5)
633
657
1,911
1,911
(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.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
2
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OPERATING STATISTICS  I GOLD SOLD
GOLD SOLD (000 OUNCES)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
84
77
219
230
Kibali - Attributable 45%(1)
84
77
219
230
AFRICA: MANAGED OPERATIONS
426
300
1,322
915
Iduapriem
58
60
148
191
Obuasi
68
49
190
163
Siguiri(3)
45
73
210
203
Geita
120
118
385
358
Sukari(3)
135
—
389
—
AUSTRALIA
124
158
384
411
Sunrise Dam
51
72
170
194
Tropicana - Attributable 70%
73
86
214
217
AMERICAS
130
132
377
398
Cerro Vanguardia(3)
47
46
143
140
AngloGold Ashanti Mineração(4)
68
70
193
200
Serra Grande
15
16
41
58
Managed operations
680
590
2,083
1,724
Non-managed joint ventures(1)
84
77
219
230
GROUP(2)
764
667
2,302
1,954
Adjusted to exclude Sukari
Managed operations(5)
545
590
1,694
1,724
Non-managed joint ventures(1)
84
77
219
230
GROUP(2)(5)
629
667
1,913
1,954
(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.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
3
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OPERATING STATISTICS  I TOTAL CASH COSTS
TOTAL CASH COSTS* ($m)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
92
75
256
212
Kibali - Attributable 45%(1)
92
75
256
212
AFRICA: MANAGED OPERATIONS
493
354
1,495
1,078
Iduapriem
79
70
221
191
Obuasi
92
61
253
198
Siguiri(3)
90
106
354
335
Geita
126
117
376
354
Sukari(3)
107
—
292
—
Admin and other
(1)
—
(1)
—
AUSTRALIA
205
198
604
542
Sunrise Dam
96
82
286
255
Tropicana - Attributable 70%
100
108
291
262
Admin and other
9
8
27
25
AMERICAS
154
141
450
391
Cerro Vanguardia(3)
49
52
172
134
AngloGold Ashanti Mineração
70
60
185
173
Serra Grande
35
28
91
83
Admin and other
—
1
2
1
CORPORATE AND OTHER(4)
(4)
1
1
(1)
Managed operations
848
694
2,550
2,010
Non-managed joint ventures(1)
92
75
256
212
GROUP (2)
940
769
2,806
2,222
Adjusted to exclude Sukari
Managed operations(5)
741
694
2,258
2,010
Non-managed joint ventures(1)
92
75
256
212
GROUP(2)(5)
833
769
2,514
2,222
(1) Equity-accounted joint venture.
(2) Including equity-accounted non-managed joint ventures.
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively.
(4) Corporate included non-gold producing managed operations.
(5) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
4
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OPERATING STATISTICS  I ALL-IN SUSTAINING COSTS
ALL-IN SUSTAINING COSTS* ($m)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
114
96
305
261
Kibali - Attributable 45%(1)
114
96
305
261
AFRICA: MANAGED OPERATIONS
695
512
2,096
1,539
Iduapriem
110
103
298
284
Obuasi
144
101
380
318
Siguiri(3)
126
139
430
419
Geita
175
169
577
518
Sukari(3)
141
—
411
—
Admin and other
(1)
—
—
—
AUSTRALIA
248
230
707
638
Sunrise Dam
125
102
350
309
Tropicana - Attributable 70%
113
119
328
303
Admin and other
10
9
29
26
AMERICAS
227
218
649
594
Cerro Vanguardia(3)
80
80
243
205
AngloGold Ashanti Mineração
99
92
278
266
Serra Grande
47
46
126
122
Admin and other
1
—
2
1
PROJECTS
2
2
6
6
CORPORATE AND OTHER(4)
28
20
94
85
Managed operations
1,200
982
3,552
2,862
Non-managed joint ventures(1)
114
96
305
261
GROUP(2)
1,314
1,078
3,857
3,123
Adjusted to exclude Sukari
Managed operations(5)
1,059
982
3,141
2,862
Non-managed joint ventures(1)
114
96
305
261
GROUP(2)(5)
1,173
1,078
3,446
3,123
(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 nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
5
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OPERATING STATISTICS  I SUSTAINING CAPITAL EXPENDITURE
SUSTAINING CAPITAL EXPENDITURE* ($m)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
AFRICA: NON-MANAGED JOINT VENTURES
26
15
50
49
Kibali - Attributable 45%(1)
26
15
50
49
AFRICA: MANAGED OPERATIONS
168
135
505
387
Iduapriem
23
27
62
80
Obuasi
49
43
127
112
Siguiri(3)
18
24
49
67
Geita
46
41
166
128
Sukari(3)(4)
32
—
101
—
AUSTRALIA
36
25
80
64
Sunrise Dam
28
16
58
38
Tropicana - Attributable 70%
8
9
22
26
Admin and other
—
—
—
—
AMERICAS
50
52
153
143
Cerro Vanguardia(3)
12
19
43
48
AngloGold Ashanti Mineração
25
23
77
68
Serra Grande
13
10
33
27
PROJECTS
—
—
2
3
CORPORATE AND OTHER(6)
1
—
1
1
Managed operations
255
212
741
598
Non-managed joint ventures(1)
26
15
50
49
GROUP(2)
281
227
791
647
Adjusted to exclude Sukari
Managed operations(5)
223
212
640
598
Non-managed joint ventures(1)
26
15
50
49
GROUP(2)(5)
249
227
690
647
(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 nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
6
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OPERATING STATISTICS  I  KIBALI
KIBALI(1)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
362
389
1,027
1,218
Underground waste
46
50
166
147
Total underground
408
439
1,193
1,365
Underground ore mined grade (g/tonne)
4.96
4.92
5.11
5.20
Open pit tonnes mined (000 tonnes):
Open pit ore
959
412
1,975
1,414
Open pit waste
4,723
3,763
13,588
11,798
Total open pit
5,682
4,175
15,563
13,212
Open pit mined grade (g/tonne)
1.49
1.58
1.48
1.42
Tonnes milled/processed (000 tonnes):
Underground operations
357
384
1,015
1,204
Open pit operations
578
581
1,798
1,652
Total tonnes milled/processed
935
965
2,813
2,856
Average mill head grade (g/tonne)
3.15
2.58
2.75
2.79
Recovery rate (%)
90.6
89.3
90.1
89.4
Total recovered grade (g/tonne)
2.85
2.30
2.48
2.50
Gold ounces produced oz(000)
86
71
224
229
Gold ounces sold oz(000)
84
77
219
230
Average gold price received*(2) ($/ounce)
3,502
2,502
3,240
2,313
Gold income per segment information ($m)
294
193
711
533
Total cash costs* ($/ounce):
Operating costs
903
928
965
815
By-product credits
(7)
(5)
(6)
(5)
Royalties
171
131
186
114
Total cash costs* ($/ounce produced)
1,068
1,053
1,145
924
Total cash costs* ($m)
92
75
256
212
All-in sustaining costs* ($/ounce):
Total cash costs*
1,068
1,053
1,145
924
Inventory movements
1
(19)
(3)
(7)
Adjusted for decommissioning, inventory amortisation and other
1
1
1
1
Rehabilitation and other non-cash costs
2
17
23
(3)
Lease payment sustaining
(26)
(4)
(3)
5
Sustaining exploration and study costs
—
—
—
—
Sustaining capital expenditure
310
192
229
211
All-in sustaining costs* ($/ounce sold)
1,355
1,241
1,392
1,133
All-in sustaining costs* ($m)
114
96
305
261
Capital expenditure ($m):
Sustaining capital expenditure*
26
15
50
49
Non-sustaining capital expenditure*
20
13
60
40
Total capital expenditure
46
28
110
89
(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 nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
7
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OPERATING STATISTICS  I  IDUAPRIEM
IDUAPRIEM
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Open pit tonnes mined (000 tonnes):
Open pit ore
1,029
1,000
2,382
3,654
Open pit waste
7,669
8,494
25,147
26,744
Total open pit
8,698
9,494
27,529
30,398
Open pit mined grade (g/tonne)
1.77
1.40
1.70
1.52
Tonnes milled/processed (000 tonnes):
Open pit operations
1,420
1,380
3,771
3,988
Average mill head grade (g/tonne)
1.35
1.34
1.27
1.47
Recovery rate (%)
95.5
95.9
95.1
96.4
Total recovered grade (g/tonne)
1.31
1.32
1.23
1.46
Gold ounces produced oz(000)
60
59
149
187
Gold ounces sold oz(000)
58
60
148
191
Average gold price received*(1) ($/ounce)
3,485
2,483
3,251
2,292
Gold income per segment information ($m)
202
149
480
438
Total cash costs* ($/ounce):
Operating costs
1,153
1,066
1,320
906
By-product credits
(1)
(2)
(1)
(2)
Royalties
170
127
161
117
Total cash costs* ($/ounce produced)
1,321
1,191
1,480
1,021
Total cash costs* ($m)
79
70
221
191
All-in sustaining costs* ($/ounce):
Total cash costs*
1,321
1,191
1,480
1,021
Inventory movements
(6)
(1)
(8)
—
Adjusted for decommissioning, inventory amortisation and other
(2)
(1)
(2)
(1)
Rehabilitation and other non-cash costs
172
37
96
21
Lease payment sustaining
19
49
22
24
Sustaining exploration and study costs
9
—
13
—
Sustaining capital expenditure
389
445
420
421
All-in sustaining costs* ($/ounce sold)
1,902
1,719
2,021
1,487
All-in sustaining costs* ($m)
110
103
298
284
Capital expenditure ($m):
Sustaining capital expenditure*
23
27
62
80
Non-sustaining capital expenditure*
15
22
48
39
Total capital expenditure
38
49
110
119
(1) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
8
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OPERATING STATISTICS  I  OBUASI
OBUASI
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
322
269
940
808
Underground waste
222
280
592
628
Total underground
544
549
1,532
1,436
Underground ore mined grade (g/tonne)
7.21
6.66
6.55
6.36
Tonnes milled/processed (000 tonnes):
Underground operations
340
279
976
843
Supplemental tailings
—
40
—
130
Total tonnes milled/processed
340
319
976
973
Average mill head grade (g/tonne)
7.09
6.06
7.09
6.05
Recovery rate (%)
89.0
86.9
89.2
85.3
Total recovered grade (g/tonne)
6.31
5.15
6.17
5.14
Gold ounces produced oz(000)
69
53
194
161
Gold ounces sold oz(000)
68
49
190
163
Average gold price received*(1) ($/ounce)
3,497
2,498
3,235
2,292
Gold income per segment information ($m)
238
123
614
372
Total cash costs* ($/ounce):
Operating costs
1,165
1,040
1,153
1,117
By-product credits
(7)
(3)
(5)
(2)
Royalties
173
116
159
116
Total cash costs* ($/ounce produced)
1,331
1,153
1,306
1,231
Total cash costs* ($m)
92
61
253
198
All-in sustaining costs* ($/ounce):
Total cash costs*
1,331
1,153
1,306
1,231
Inventory movements
(4)
(34)
(10)
(9)
Adjusted for decommissioning, inventory amortisation and other
(2)
(3)
(2)
(2)
Rehabilitation and other non-cash costs
61
61
40
41
Lease payment sustaining
—
—
—
—
Sustaining exploration and study costs
4
7
2
8
Sustaining capital expenditure
718
879
667
687
All-in sustaining costs* ($/ounce sold)
2,109
2,063
2,004
1,956
All-in sustaining costs* ($m)
144
101
380
318
Capital expenditure ($m):
Sustaining capital expenditure*
49
43
127
112
Non-sustaining capital expenditure*
8
17
18
37
Total capital expenditure
57
60
145
149
(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 nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
9
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OPERATING STATISTICS  I  SIGUIRI
SIGUIRI(1)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Open pit tonnes mined (000 tonnes):
Open pit ore
1,212
816
4,497
3,445
Open pit waste
5,548
5,519
18,589
16,926
Total open pit
6,760
6,335
23,086
20,371
Open pit mined grade (g/tonne)
1.23
1.36
1.29
1.32
Tonnes milled/processed (000 tonnes):
Open pit operations
1,686
2,754
7,792
8,166
Average mill head grade (g/tonne)
0.81
0.88
0.90
0.91
Recovery rate (%)
88.7
90.4
90.3
83.2
Total recovered grade (g/tonne)
0.72
0.80
0.81
0.76
Gold ounces produced oz(000)
39
71
204
199
Gold ounces sold oz(000)
45
73
210
203
Average gold price received*(2) ($/ounce)
3,354
2,482
3,143
2,321
Gold income per segment information ($m)
151
181
662
472
Total cash costs* ($/ounce):
Operating costs
2,064
1,348
1,509
1,562
By-product credits
(5)
(2)
(2)
(2)
Royalties
271
154
227
128
Total cash costs* ($/ounce produced)
2,331
1,500
1,735
1,687
Total cash costs* ($m)
90
106
354
335
All-in sustaining costs* ($/ounce):
Total cash costs*
2,331
1,500
1,735
1,687
Inventory movements
(54)
5
9
—
Adjusted for decommissioning, inventory amortisation and other
—
—
—
—
Rehabilitation and other non-cash costs
44
29
20
21
Lease payment sustaining
29
19
19
8
Sustaining exploration and study costs
59
27
31
18
Sustaining capital expenditure
396
336
230
329
All-in sustaining costs* ($/ounce sold)
2,804
1,916
2,043
2,062
All-in sustaining costs* ($m)
126
139
430
419
Capital expenditure ($m):
Sustaining capital expenditure*
18
24
49
67
Non-sustaining capital expenditure*
2
6
3
6
Total capital expenditure
20
30
52
73
(1) On a consolidated basis. Siguiri is owned 85% by AngloGold Ashanti.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
* Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
10
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OPERATING STATISTICS  I  GEITA
GEITA
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
745
758
2,161
2,106
Underground waste
359
337
1,073
966
Total underground
1,104
1,095
3,234
3,072
Underground ore mined grade (g/tonne)
3.42
4.31
3.75
4.12
Open pit tonnes mined (000 tonnes):
Open pit ore
1,810
1,022
3,952
2,517
Open pit waste
5,365
5,387
16,888
16,388
Total open pit
7,175
6,409
20,840
18,905
Open pit mined grade (g/tonne)
1.83
1.53
1.80
1.48
Tonnes milled/processed (000 tonnes):
Underground operations
715
689
1,965
1,956
Open pit operations
640
728
1,828
2,067
Total tonnes milled/processed
1,355
1,417
3,793
4,023
Average mill head grade (g/tonne)
3.18
2.87
3.44
2.95
Recovery rate (%)
90.0
90.6
90.3
90.9
Total recovered grade (g/tonne)
2.87
2.60
3.11
2.69
Gold ounces produced oz(000)
125
118
379
347
Gold ounces sold oz(000)
120
118
385
358
Average gold price received*(1) ($/ounce)
3,494
2,511
3,236
2,311
Gold income per segment information ($m)
418
297
1,246
827
Total cash costs* ($/ounce):
Operating costs
815
850
810
881
By-product credits
(7)
(6)
(7)
(5)
Royalties
202
151
189
143
Total cash costs* ($/ounce produced)
1,010
995
993
1,020
Total cash costs* ($m)
126
117
376
354
All-in sustaining costs* ($/ounce):
Total cash costs*
1,010
995
993
1,020
Inventory movements
(26)
1
(3)
(1)
Adjusted for decommissioning, inventory amortisation and other
(5)
(4)
(3)
(3)
Rehabilitation and other non-cash costs
26
7
17
6
Lease payment sustaining
44
51
42
47
Sustaining exploration and study costs
26
30
21
22
Sustaining capital expenditure
390
346
430
358
All-in sustaining costs* ($/ounce sold)
1,464
1,428
1,497
1,449
All-in sustaining costs* ($m)
175
169
577
518
Capital expenditure ($m):
Sustaining capital expenditure*
46
41
166
128
Non-sustaining capital expenditure*
5
4
14
9
Total capital expenditure
51
45
180
137
(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 nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
11
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OPERATING STATISTICS  I  SUKARI
SUKARI(1)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
288
—
842
—
Underground waste
234
—
636
—
Total underground
522
—
1,478
—
Underground ore mined grade (g/tonne)
3.52
—
3.98
—
Open pit tonnes mined (000 tonnes):
Open pit ore
2,533
—
8,144
—
Open pit waste
18,048
—
58,102
—
Total open pit
20,581
—
66,246
—
Open pit mined grade (g/tonne)
1.33
—
1.16
—
Heap leach tonnes mined (000 tonnes):
Heap leach ore mined
—
—
190
—
Heap leach recovered grade (g/tonne)
—
—
0.34
—
Tonnes milled/processed (000 tonnes):
Underground operations
289
—
829
—
Open pit operations
2,941
—
8,175
—
Total tonnes milled/processed
3,230
—
9,004
—
Heap leach placed
—
—
190
—
Average mill head grade (g/tonne)
1.43
—
1.41
—
Recovery rate (%)
88.9
—
89.0
—
Total recovered grade (g/tonne)
1.31
—
1.29
—
Gold ounces produced oz(000)
135
—
381
—
Gold ounces sold oz(000)
135
—
389
—
Average gold price received*(2) ($/ounce)
3,505
—
3,232
—
Gold income per segment information ($m)
476
—
1,256
—
Total cash costs* ($/ounce):
Operating costs
695
—
673
—
By-product credits
(7)
—
(6)
—
Royalties
105
—
99
—
Total cash costs* ($/ounce produced)
793
—
765
—
Total cash costs* ($m)
107
—
292
—
All-in sustaining costs* ($/ounce):
Total cash costs*
793
—
765
—
Inventory movements
—
—
20
—
Rehabilitation and other non-cash costs
5
—
6
—
Lease payment sustaining
6
—
6
—
Sustaining capital expenditure(3)
238
—
261
—
All-in sustaining costs* ($/ounce sold)(3)
1,041
—
1,059
—
All-in sustaining costs* ($m)(3)
141
—
411
—
Capital expenditure ($m):
Sustaining capital expenditure*(3)
32
—
101
—
Non-sustaining capital expenditure*
27
—
83
—
Total capital expenditure(3)
59
—
184
—
(1) On a consolidated basis. Sukari is owned 50% by AngloGold Ashanti.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
(3) Due to the short timeframe since the acquisition of Sukari in November 2024 , sustaining capital expenditure* may not accurately reflect typical spending patterns.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
12
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OPERATING STATISTICS  I  SUNRISE DAM
SUNRISE DAM
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
598
627
1,840
1,934
Underground waste
199
176
616
533
Total underground
797
803
2,456
2,467
Underground ore mined grade (g/tonne)
2.36
4.22
2.38
3.36
Open pit tonnes mined (000 tonnes):
Open pit ore
98
219
176
243
Open pit waste
3,488
1,584
8,008
6,789
Total open pit
3,586
1,803
8,184
7,032
Open pit mined grade (g/tonne)
1.46
2.06
1.32
1.99
Tonnes milled/processed (000 tonnes):
Underground operations
561
552
1,794
1,777
Open pit operations
425
425
1,089
1,164
Total tonnes milled/processed
986
977
2,883
2,941
Average mill head grade (g/tonne)
1.82
2.81
2.05
2.46
Recovery rate (%)
89.1
87.6
89.0
84.8
Total recovered grade (g/tonne)
1.64
2.31
1.87
2.04
Gold ounces produced oz(000)
52
73
174
193
Gold ounces sold oz(000)
51
72
170
194
Average gold price received*(1) ($/ounce)
3,445
2,471
3,183
2,317
Gold income per segment information ($m)
176
178
542
450
Total cash costs* ($/ounce):
Operating costs
1,766
1,067
1,573
1,265
By-product credits
(10)
(6)
(9)
(6)
Royalties
87
71
81
62
Total cash costs* ($/ounce produced)
1,844
1,132
1,646
1,321
Total cash costs* ($m)
96
82
286
255
All-in sustaining costs* ($/ounce):
Total cash costs*
1,844
1,132
1,646
1,321
Inventory movements
(17)
2
(5)
3
Adjusted for decommissioning, inventory amortisation and other
4
(4)
4
(4)
Rehabilitation and other non-cash costs
(7)
3
(1)
2
Lease payment sustaining
76
62
67
68
Sustaining exploration and study costs
7
5
4
3
Sustaining capital expenditure
532
212
339
195
All-in sustaining costs* ($/ounce sold)
2,439
1,411
2,055
1,589
All-in sustaining costs* ($m)
125
102
350
309
Capital expenditure ($m):
Sustaining capital expenditure*
28
16
58
38
Non-sustaining capital expenditure*
—
—
—
—
Total capital expenditure
28
16
58
38
(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 nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
13
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OPERATING STATISTICS  I  TROPICANA
TROPICANA(1)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
353
370
995
964
Underground waste
109
81
381
270
Total underground
462
451
1,376
1,234
Underground ore mined grade (g/tonne)
3.12
3.13
3.09
3.21
Open pit tonnes mined (000 tonnes):
Open pit ore
649
1,026
1,902
1,751
Open pit waste
9,061
8,928
24,355
26,621
Total open pit
9,710
9,954
26,257
28,372
Open pit mined grade (g/tonne)
1.75
1.57
1.43
1.52
Tonnes milled/processed (000 tonnes):
Underground operations
350
369
992
955
Open pit operations
1,292
1,289
3,821
3,660
Total tonnes milled/processed
1,642
1,658
4,813
4,615
Average mill head grade (g/tonne)
1.58
1.81
1.53
1.59
Recovery rate (%)
89.7
89.7
90.4
89.9
Total recovered grade (g/tonne)
1.39
1.62
1.37
1.43
Gold ounces produced oz(000)
73
87
212
213
Gold ounces sold oz(000)
73
86
214
217
Average gold price received*(2) ($/ounce)
3,501
2,491
3,206
2,317
Gold income per segment information ($m)
253
214
684
503
Total cash costs* ($/ounce):
Operating costs
1,251
1,189
1,290
1,181
By-product credits
(13)
(9)
(13)
(10)
Royalties
125
63
94
59
Total cash costs* ($/ounce produced)
1,364
1,243
1,372
1,230
Total cash costs* ($m)
100
108
291
262
All-in sustaining costs* ($/ounce):
Total cash costs*
1,364
1,243
1,372
1,230
Inventory movements
(3)
6
(11)
6
Adjusted for decommissioning, inventory amortisation and other
2
1
1
1
Rehabilitation and other non-cash costs
(5)
6
1
1
Lease payment sustaining
79
29
73
34
Sustaining exploration and study costs
1
—
1
—
Sustaining capital expenditure
120
104
102
122
All-in sustaining costs* ($/ounce sold)
1,558
1,389
1,537
1,394
All-in sustaining costs* ($m)
113
119
328
303
Capital expenditure ($m):
Sustaining capital expenditure*
8
9
22
26
Non-sustaining capital expenditure*
13
2
44
48
Total capital expenditure
21
11
66
74
(1) On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the attributable ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
14
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OPERATING STATISTICS  I  CERRO VANGUARDIA
CERRO VANGUARDIA(1)
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
120
117
323
317
Underground waste
31
18
80
66
Total underground
151
135
403
383
Underground ore mined grade (g/tonne)
5.71
4.79
5.61
5.44
Open pit tonnes mined (000 tonnes):
Open pit ore
210
212
605
556
Open pit waste
4,626
4,847
13,204
14,010
Total open pit
4,836
5,059
13,809
14,566
Open pit mined grade (g/tonne)
3.36
2.87
3.10
2.76
Heap leach tonnes mined (000 tonnes):
Heap leach ore mined
269
333
675
830
Heap leach recovered grade (g/tonne)
0.58
0.56
0.62
0.57
Tonnes milled/processed (000 tonnes):
Underground operations
100
125
395
390
Open pit operations
194
183
541
523
Total tonnes milled/processed
294
308
936
913
Heap leach placed
483
445
1,449
1,424
Average mill head grade (g/tonne)
3.64
3.63
3.83
3.63
Recovery rate (%)
95.3
95.2
95.7
95.2
Total recovered grade (g/tonne)
1.72
1.76
1.78
1.71
Gold ounces produced oz(000)
43
42
137
129
Gold ounces sold oz(000)
47
46
143
140
Average gold price received*(2) ($/ounce)
3,566
2,535
3,243
2,306
Gold income per segment information ($m)
169
116
464
323
Total cash costs* ($/ounce):
Operating costs
1,716
1,585
1,719
1,489
By-product credits
(838)
(540)
(690)
(617)
Royalties
261
179
223
172
Total cash costs* ($/ounce produced)
1,139
1,224
1,253
1,044
Total cash costs* ($m)
49
52
172
134
All-in sustaining costs* ($/ounce):
Total cash costs*
1,139
1,224
1,253
1,044
Inventory movements
9
(113)
(7)
(34)
Adjusted for decommissioning, inventory amortisation and other
53
71
22
25
Rehabilitation and other non-cash costs
161
97
93
51
Sustaining exploration and study costs
60
46
31
35
Sustaining capital expenditure
269
419
302
339
All-in sustaining costs* ($/ounce sold)
1,691
1,744
1,695
1,460
All-in sustaining costs* ($m)
80
80
243
205
Capital expenditure ($m):
Sustaining capital expenditure*
12
19
43
48
Non-sustaining capital expenditure*
—
—
—
—
Total capital expenditure
12
19
43
48
(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.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
15
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OPERATING STATISTICS  I  ANGLOGOLD ASHANTI MINERAÇÃO
ANGLOGOLD ASHANTI MINERAÇÃO
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
360
166
1,101
416
Underground waste
409
307
1,093
896
Concentrate ore
60
208
60
681
Total underground
829
681
2,254
1,993
Underground ore mined grade (g/tonne)
5.93
6.56
6.00
6.05
Tonnes milled/processed (000 tonnes):
Underground operations
362
165
1,087
418
Concentrate
61
206
61
685
Total tonnes milled/processed
423
371
1,148
1,103
Average mill head grade (g/tonne)
5.57
6.50
5.99
5.97
Recovery rate (%)
92.3
95.0
91.6
95.7
Total recovered grade (g/tonne)
5.17
5.62
5.32
5.53
Gold ounces produced(1) oz(000)
71
67
196
196
Gold ounces sold(1) oz(000)
68
70
193
200
Average gold price received*(2) ($/ounce)
3,488
2,392
3,231
2,197
Gold income per segment information ($m)
236
166
623
439
Total cash costs* ($/ounce):
Operating costs
997
857
959
849
By-product credits
(72)
(1)
(69)
(1)
Royalties
59
39
54
35
Total cash costs* ($/ounce produced)
983
896
944
883
Total cash costs* ($m)
70
60
185
173
All-in sustaining costs* ($/ounce):
Total cash costs*
983
896
944
883
Inventory movements
11
(33)
3
(9)
Adjusted for decommissioning, inventory amortisation and other
6
8
3
4
Rehabilitation and other non-cash costs
6
14
(2)
4
Lease payment sustaining
83
98
91
104
Sustaining exploration and study costs
2
3
1
3
Sustaining capital expenditure
368
328
398
340
All-in sustaining costs* ($/ounce sold)
1,459
1,315
1,438
1,330
All-in sustaining costs* ($m)
99
92
278
266
Capital expenditure ($m):
Sustaining capital expenditure*
25
23
77
68
Non-sustaining capital expenditure*
10
—
12
—
Total capital expenditure
35
23
89
68
(1) Includes gold concentrate from the Cuiabá mine sold to third parties.
(2) Average gold price received per ounce* is calculated by dividing the consolidated US dollar value of gold income revenue metric by the consolidated ounces of gold
sold.
*  Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and nine months ended 30 September 2025, for definitions and
reconciliations.
Rounding of figures may result in computational discrepancies.
Q3 2025 EARNINGS RELEASE: OPERATING STATISTICS
16
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OPERATING STATISTICS  I  SERRA GRANDE
SERRA GRANDE
Quarter
Quarter
Nine months
Nine months
ended
ended
ended
ended
Sep
Sep
Sep
Sep
2025
2024
2025
2024
Unaudited
Unaudited
Unaudited
Unaudited
Underground tonnes mined (000 tonnes):
Underground ore
268
218
664
638
Underground waste
128
155
349
450
Total underground
396
373
1,013
1,088
Underground ore mined grade (g/tonne)
1.94
2.22
2.11
2.94
Open pit tonnes mined (000 tonnes):
Open pit ore
—
58
2
59
Open pit waste
—
367
—
709
Total open pit
—
425
2
768
Open pit mined grade (g/tonne)
—
1.20
1.31
1.21
Tonnes milled/processed (000 tonnes):
Underground operations
266
219
657
638
Open pit operations
—
55
2
57
Total tonnes milled/processed
266
274
659
695
Average mill head grade (g/tonne)
1.80
1.78
1.99
2.52
Recovery rate (%)
91.9
91.1
92.1
93.0
Total recovered grade (g/tonne)
1.80
1.79
1.97
2.57
Gold ounces produced oz(000)
15
16
42
57
Gold ounces sold oz(000)
15
16
41
58
Average gold price received*(1) ($/ounce)
3,519
2,519
3,277
2,300
Gold income per segment information ($m)
54
42
136
133
Total cash costs* ($/ounce):
Operating costs
2,191
1,750
2,123
1,388
By-product credits
—
—
(2)
—
Royalties
62
50
62
52
Total cash costs* ($/ounce produced)
2,253
1,801
2,184
1,439
Total cash costs* ($m)
35
28
91
83
All-in sustaining costs* ($/ounce):
Total cash costs*
2,253
1,801
2,184
1,439
Inventory movements
(45)
(29)
(12)
4
Adjusted for decommissioning, inventory amortisation and other
50
3
20
(4)
Rehabilitation and other non-cash costs
(130)
229
(101)
68
Lease payment sustaining
140
158
157
132
Sustaining exploration and study costs
—
6
—
3
Sustaining capital expenditure
838
604
804
471
All-in sustaining costs* ($/ounce sold)
3,105
2,773
3,051
2,113
All-in sustaining costs* ($m)
47
46
126
122
Capital expenditure ($m):
Sustaining capital expenditure*
13
10
33
27
Non-sustaining capital expenditure*
—
—
—
—
Total capital expenditure
13
10
33
27
(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 nine months ended 30 September 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: 12 November 2025
By:/s/ C STEAD
Name:C Stead
Title:Company Secretary

Source: View Original Filing on SEC EDGAR