AngloGold Ashanti Declared Exceptional Q1 2025 Results
Mining News | 2025-05-12 13:00:27
Meanwhile, the adjusted net debt registered a fall of 60% year-on-year to $525 million in Q1 2025 from $1.322 billion in Q1 2024.
By Paul Ploumis
SEATTLE (Scrap Monster): AngloGold Ashanti reported exceptional first quarter 2025 results, thus making a strong start to the year.
Comparing the quarter to the first quarter of last year, the company recorded a nearly eightfold increase in profit attributable to shareholders and a sevenfold increase in free cash flow. Strong gold prices, increased gold output, and efficient cost-control strategies all improved the company's performance.
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A press release from the corporation states that it produced $403 million in free cash flow in the first quarter of 2025, which is 607% more than the $57 million it produced in the same quarter in 2024. Sukari Gold Mine's first-time contribution and Siguiri and Tropicana's strong output increases drove a 28% increase in managed operations' gold production during the quarter.
In Q1 2025, adjusted EBITDA jumped 158% to $1.120 billion compared to the same quarter the previous year. Meanwhile, the adjusted net debt decreased from $1.322 billion in Q1 2024 to $525 million in Q1 2025, a 60% year-over-year decline.
AngloGold Ashanti CEO Alberto Calderon commented on the impressive results, stating that the company had a solid start to the year, particularly at its managed operations. The business is still dedicated on reducing the valuation difference with its counterparts in North America. He noted that it also aims to increase attention to its current activities and initiatives in the United States.
