Quarterly UpdatesMay 8, 2026, 06:14 AM
AngloGold Ashanti Q1 Gold Production 724k oz; Costs Rise
AI Summary
AngloGold Ashanti reported its operating statistics for the first quarter ended March 31, 2026. Group gold production saw a slight increase to 724,000 ounces, while gold sold decreased to 719,000 ounces compared to the prior year. The company experienced significant increases in total cash costs, all-in sustaining costs, and sustaining capital expenditure across its operations. The sale of Serra Grande on December 1, 2025, impacted the Americas region's comparative figures.
Key Highlights
- Group gold production increased slightly to 724,000 ounces in Q1 2026 from 720,000 ounces in Q1 2025.
- Group gold sold decreased to 719,000 ounces in Q1 2026 from 737,000 ounces in Q1 2025.
- Total cash costs for the group rose to $1,007 million in Q1 2026 from $881 million in Q1 2025.
- All-in sustaining costs for the group increased to $1,405 million in Q1 2026 from $1,209 million in Q1 2025.
- Sustaining capital expenditure for the group was $305 million in Q1 2026, up from $236 million in Q1 2025.
- Obuasi gold production increased by 14.8% to 62,000 ounces in Q1 2026.
- Sunrise Dam gold production decreased by 16.4% to 51,000 ounces in Q1 2026.
- Serra Grande contributed no production in Q1 2026 due to its sale on December 1, 2025.