AngloGold Ashanti Q2 Earnings Call Highlights

4 weeks ago 23

MarketBeat

Fri, July 31, 2026 astatine 11:04 AM CDT 7 min read

Key Points

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Strong second-quarter fiscal performance: AngloGold Ashanti's EBITDA roseate 46% twelvemonth implicit twelvemonth to $2 billion, portion header net accrued 58% to $1 cardinal and escaped currency travel climbed 36% to $727 million, driven mostly by higher golden prices.
Operational and outgo pressures remain: A fatality-related suspension astatine Obuasi affected production, though the excavation has resumed astatine a normalized complaint and full-year accumulation guidance was reaffirmed. Total currency costs accrued 21% to $1,480 per ounce owed to inflation, substance prices, royalties, currency effects and the Obuasi disruption.
Shareholder returns and maturation plans: The institution declared $364 cardinal successful second-quarter dividends and whitethorn supplement dividends with stock buybacks nether its approved $2 cardinal program, pending regulatory approval. AngloGold is prioritizing integrated maturation crossed existing mines and advancing the Arthur task successful Nevada and a grid transportation astatine Sukari.

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AngloGold Ashanti (NYSE:AU) reported higher second-quarter earnings, currency travel and escaped currency travel arsenic stronger golden prices much than offset inflation, substance costs, currency effects and a impermanent operational suspension astatine its Obuasi mine.

Chief Executive Officer Alberto Calderon said the institution generated $2 cardinal successful EBITDA during the quarter, up 46% from a twelvemonth earlier, portion header net roseate 58% to $1 billion. Chief Financial Officer Gillian Doran said basal net per stock accrued to $1.97 from $1.32 successful the prior-year quarter.

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Free currency travel roseate 36% twelvemonth implicit twelvemonth to $727 cardinal successful the 2nd quarter, supported by a 41% summation successful nett currency travel from operating activities to $1.4 billion. Doran attributed the betterment to outgo discipline, a 35% summation successful the mean golden terms received and improved currency receipts from Kibali.

Obuasi suspension affects accumulation

Calderon opened the telephone by addressing a fatality astatine the Obuasi excavation connected April 24. AngloGold suspended operations for 2 weeks portion it conducted an probe and implemented measures intended to forestall a recurrence.

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The suspension, on with the merchantability of Serra Grande, affected second-quarter production. However, Calderon said first-half production, excluding Serra Grande, was broadly unchangeable twelvemonth implicit twelvemonth astatine astir 1.5 cardinal ounces. Tropicana and Cuiabá delivered what helium described arsenic beardown performances.

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