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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Gold mining giant AngloGold Ashanti Plc has more than doubled its earnings and free cash flow in the second quarter of 2025, driven by a 21% rise in gold production, disciplined cost controls, and a sharp increase in gold prices, the company has announced.
According to the company’s Q2 2025 results, free cash flow rose by 149% year-on-year to $535 million, compared to $215 million in the same period in 2024.
The surge in free cash flow was underpinned by an impressive operational performance at the miner’s managed assets, including strong output from its Obuasi mine in Ghana and the Geita mine in Tanzania, as well as the integration of the Sukari gold mine in Egypt.
Source: newsthemegh.com