AngloGold Profits Soar 607% to $403M in Q1 2025

Mining giant AngloGold Ashanti has kicked off 2025 with a bang, reporting a stunning 607% rise in free cash flow in the first quarter compared to the same period last year.

The company pulled in $403 million in the first three months of the year—up from just $57 million in Q1 2024. This strong performance also led to a nearly eightfold increase in profits for shareholders.

What’s behind this massive growth? A mix of smart business moves, stronger gold prices, and solid production gains. Notably, the addition of the Sukari Gold Mine in Egypt gave AngloGold a huge boost. Alongside this, mines in Siguiri and Tropicana also saw stronger output.

Gold production from managed operations jumped 28%, while the average price per ounce of gold surged to $2,874, up from $2,063 last year.

“This is a very strong start to the year,” said CEO Alberto Calderon. “Sukari’s contribution and our tight cost controls have helped us fully benefit from the rise in gold prices.”

Looking ahead, AngloGold says it’s focused on narrowing the value gap between itself and its North American competitors by improving operations, extending mine lifespans, and staying disciplined with spending.

The company has already begun streamlining its portfolio. Just this week, it announced the sale of its Doropo and ABC Projects in Ivory Coast, as part of its strategy to sharpen its focus on existing assets, particularly in the United States.

Dividend Policy Update

AngloGold also announced an updated dividend policy. It aims to return 50% of annual free cash flow to shareholders, assuming the company maintains healthy debt levels.

There’s also a new base dividend of $0.50 per share annually, to be paid in quarterly instalments of $0.125. A final “top-up” payment at the end of each year may boost this if results are strong.

With high gold prices and production rising, 2025 is shaping up to be a golden year for AngloGold.