AngloGold Ashanti goes for gold with $900m investment - Bizcommunity

AI desk brief

AngloGold Ashanti plans to invest about $900m to increase annual gold production by at least 400,000 ounces by decade-end, largely through existing-mine expansions. Geita targets 600,000 ounces annually by 2030 versus 492,000 in 2025; Cuiabá and Siguiri expansions would add 75,000 and 100,000 ounces, alongside Obuasi’s continuing ramp-up. The miner reported third-quarter EBITDA up 12% to $1.57bn and targets 2026 production of 2.8m–3.17m ounces. It projects real returns above 35% using $3,000/oz long-term gold. These plans could increase longer-term supply if delivered, but establish no near-term directional bullion effect.