$AU · AngloGold Ashanti PLC
AngloGold Ashanti filed its Q3 2026 earnings release (Form 6-K). Revenue from product sales rose to $2,619M from $2,417M a year earlier, with profit for the period of $927M versus $815M. Basic EPS was 154 US cents (up from 132). EBITDA rose 12% to $1,568M, free cash flow was $722M (down from $920M), and net cash reached $1,256M. The board declared a 71 US cent/share interim dividend ($361M), bringing YTD dividends to $1,310M. Full-year 2026 guidance was reaffirmed.
- Q3 2026 revenue of $2,619M, up from $2,417M a year earlier.
- Profit for the period of $927M versus $815M; basic EPS 154c vs 132c.
- EBITDA +12% YoY to $1,568M; free cash flow $722M (down from $920M).
- Net cash position of $1,256M with ~$4.5B total liquidity.
- Interim dividend of 71 US cents/share ($361M); YTD dividends $1,310M.
Extended-hours last trade $90.94, +3.40% vs the $87.95 regular close, indicating a positive after-hours reaction to the earnings beat and dividend.
Strong gold prices drove a 12% EBITDA gain and a $1.26B net cash position, but rising costs and a 9% production decline show margin pressure.
Gold miners are benefiting from a higher realized gold price ($4,239/oz vs $3,490/oz), though AISC rose 26% to $2,170/oz, compressing margins relative to peers.
AISC per ounce rose 26% YoY to $2,170/oz and total cash costs rose 25% to $1,534/oz, driven by lower production and market-driven cost inflation. A fatality at Sukari in August 2026 halted operations temporarily.