From Yahoo Finance: 2025-05-12 07:40:00

South African gold mining company AngloGold Ashanti saw a sevenfold increase in free cash flow, reaching $403m in Q1 2025. Profits attributable to equity shareholders also rose almost eightfold, with a 28% increase in gold production driven by the new Sukari mine in Egypt. The company aims to close the valuation gap with North American competitors through operational improvements and disciplined capital allocation. AngloGold Ashanti’s new dividend policy targets a 50% payout of annual free cash flow, maintaining a net debt to EBITDA ratio of one times. The company’s financial health is improving, with adjusted net debt dropping 60% to $525m.



Read more at Yahoo Finance: AngloGold Ashanti delivers 607% increase in free cash flow in Q1 2025