AngloGold Ashanti Rises 279.8% with $6.3bn EBITDA and $2.9bn Cash Flow
AngloGold Ashanti shares have soared 279.8% year over year as adjusted EBITDA jumped 129% to $6.3bn and revenue rose 71.5% to $9.73bn on 16% higher gold output. Free cash flow tripled to $2.9bn and the stock trades at a 13.4X forward earnings multiple supported by Sukari and Geita expansion plans.
1. Stock Performance
AngloGold Ashanti's share price has surged 279.8% over the past year, outpacing peers Agnico Eagle and Newmont and outperforming the broader gold mining sector's average gain. This rally reflects strong investor demand amid rising gold prices and the company's recent operational milestones.
2. FY25 Financial Results
For fiscal 2025, adjusted EBITDA climbed 129% to $6.3 billion, driven by a 16% increase in gold production and a 71.5% jump in revenue to $9.73 billion. Free cash flow tripled to $2.9 billion despite a 7% rise in cash costs per ounce to $1,242 and a 6% increase in all-in sustaining costs to $1,706.
3. Growth Strategy and Outlook
AngloGold Ashanti expanded its portfolio with the Sukari acquisition and the Augusta Gold deal, and has approved $100 million of capital expenditure at Geita to boost reserves by 60% and extend mine life. Production for 2026 is forecast at 2.80–3.17 million ounces, and the stock trades at a 13.4X forward earnings multiple.