AngloGold Ashanti Targets 2026 Guidance Midpoint, Eyes Major Growth Projects - Yahoo Finance

AI desk brief

AngloGold Ashanti said it still expects 2026 production near the midpoint of guidance, with stronger performance at other sites offsetting flooding at Iduapriem and the Obuasi shaft closure after a fatality. The company said cash costs should stay broadly in line after inflation, royalties, oil prices and FX, and noted it would likely return more than 50% of free cash flow to shareholders if gold stays above $4,000/oz into February next year.

Management highlighted a growth pipeline that could add 350,000-450,000 oz over the next three years from Geita, Cuiabá, Obuasi, Sukari and Siguiri, while the Nevada Arthur project is being positioned as a major long-dated growth asset with a 4.9m oz reserve base and roughly 20m oz of resources. AngloGold also said it remains debt-light, has returned $660m through dividends and debt reduction, and is still working through buyback approvals in South Africa.