Quarterly ResultMay 8, 2026, 06:14 AM
AngloGold Ashanti Q1 Free Cash Flow $1.2B; Proposes $2.0B Buyback, 116 cps Dividend
AI Summary
AngloGold Ashanti plc reported record financial performance in Q1 2026, with free cash flow tripling to $1.2bn and EBITDA increasing 130% to $2.3bn, driven by steady operational results and high gold prices. The company declared a record interim dividend of 116 US cents per share and announced a proposed $2.0bn share repurchase program, subject to shareholder approval. Gold production saw a slight increase, while costs rose due to royalties and inflation, partially offset by structural efficiencies. The company also published a positive technical report for its Arthur Gold Project in Nevada and maintained its full-year 2026 guidance, despite a fatal safety incident at its Obuasi mine.
Key Highlights
- Proposed $2.0bn share repurchase program announced, subject to shareholder approval.
- Declared Q1 2026 interim dividend of $585m, or 116 US cents per share.
- Record free cash flow of $1.2bn in Q1 2026, a 190% increase year-on-year.
- EBITDA increased 130% year-on-year to $2.3bn in Q1 2026.
- Headline earnings rose 187% year-on-year to $1.3bn (252 US cents per share).
- Shifted from $755m net debt in Q1 2025 to $868m net cash at end of Q1 2026.
- Group gold production increased 1% year-on-year to 724,000oz in Q1 2026.
- Total cash costs per ounce for the Group increased 14% year-on-year to $1,391/oz.
- Arthur Gold Project declared initial Probable Mineral Reserve of 4.9Moz.