AngloGold Ashanti Surges 6% on Revenue Beat and St…
From Financial Modeling Prep: 2025-05-09 12:35:00
AngloGold Ashanti (NYSE:AU) stock surged over 6% today after the company reported first-quarter revenue of $1.93 billion, beating analyst expectations. Gold production increased by 22% to 720,000 ounces, with the average realized gold price jumping 39% to $2,874 per ounce.
Despite strong revenue, earnings per share fell short at $0.88, missing estimates by $0.04. Total cash costs rose 4% to $1,223 per ounce, while all-in sustaining costs edged up 1% to $1,640 per ounce.
The company maintained its full-year 2025 guidance, aiming for gold production of 2.9–3.225 million ounces with all-in sustaining costs between $1,580 and $1,705 per ounce. This reaffirmation demonstrates confidence in AngloGold Ashanti’s operational and financial outlook for the year.
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