View ValuationAngloGold Ashanti 향후 성장Future 기준 점검 4/6AngloGold Ashanti (는) 각각 연간 16% 및 11.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 18.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 42.3% 로 예상됩니다.핵심 정보16.0%이익 성장률18.48%EPS 성장률Metals and Mining 이익 성장18.3%매출 성장률11.6%향후 자기자본이익률42.32%애널리스트 커버리지Good마지막 업데이트15 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: US$2.52 (vs US$0.88 in 1Q 2025)First quarter 2026 results: EPS: US$2.52 (up from US$0.88 in 1Q 2025). Revenue: US$3.24b (up 65% from 1Q 2025). Net income: US$1.28b (up 189% from 1Q 2025). Profit margin: 40% (up from 23% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Europe.공시 • May 11Anglogold Ashanti plc Announces Interim Dividend for the Three Months Ended 31 March 2026 , Payable on 12 June, 2026AngloGold Ashanti plc announced an interim dividend for the three months ended 31 March 2026 of 116 US cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions set out below will apply. Ex-dividend on NYSE: 29 May 2026. Record date: 29 May2026. Payment date: 12 June, 2026.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €86.52, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €105 per share.Reported Earnings • Mar 27Full year 2025 earnings released: EPS: US$5.19 (vs US$2.33 in FY 2024)Full year 2025 results: EPS: US$5.19 (up from US$2.33 in FY 2024). Revenue: US$9.89b (up 71% from FY 2024). Net income: US$2.64b (up 163% from FY 2024). Profit margin: 27% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Europe.공시 • Mar 27+ 1 more updateAngloGold Ashanti Plc Announces Technical Report Summary for Arthur Gold Project in NevadaAngloGold Ashanti plc completed the Technical Report Summary for the Arthur Gold Project, showing a Tier One gold deposit with robust economics and strong potential for further growth in southern Nevada’s Beatty Mining District. With the completion of the pre-feasibility study, a first time Probable Mineral Reserve of 4.9Moz of contained gold (88Mt at 1.75 g/t) and 7.8Moz of contained silver (88Mt at 2.76g/t) was reported as at 31 December 2025. This supports an initial nine-year mine life with average annual production of approximately 500,000oz. At the Merlin deposit, there is also a gold Indicated Mineral Resource of 1.0Moz and gold Inferred Mineral Resource of 5.5Moz additional to the Mineral Reserve as at 31 December 2025. Silver by-product at Merlin includes an Indicated Mineral Resource of 2.0Moz and an Inferred Mineral Resource of 13.7Moz. Aggressive drilling programmes remain underway with the aim to convert additional Mineral Resource, expand the mineralised footprint and support technical studies. The Merlin and Silicon deposits form a large-scale, continuous mineralised system within the Arthur Gold Project. The Arthur Gold Project is anticipated to have a structurally competitive cost profile, with all-in sustaining costs ("AISC") estimated at $954/oz. This resilience is underpinned by predominantly oxide mineralization (>95%) and planned conventional processing flowsheets. The project demonstrates positive leverage at higher gold prices when compared to the price used for the Mineral Reserve at $1,950/oz: At $2,715/oz gold price: Estimated after-tax NPV (5%) of c. $1.7bn; At $3,500/oz gold price: Estimated after-tax NPV (5%) of c. $3.4bn. The development plan envisions an integrated operation comprising a 7Mtpa milling facility and a 5.5Mtpa crushed heap-leach circuit. It is anticipated that mining will utilize conventional open-pit methods with electric rope shovels and ultra-class haul trucks. The project is planned to use filtered, dry-stacked tailings for enhanced water conservation. The pre-feasibility study is expected to be presented to the AGA Board of Directors for approval to transition to the feasibility study phase in June 2026. Feasibility level environmental, hydrological and community baseline studies are currently underway. The discovery of the Arthur Gold Project reflects a rare convergence of history, policy and geological conviction. Beatty has a century long history of mining, but more recently, mining and exploration were halted. For decades, large areas around Beatty were effectively closed or heavily constrained due to the proposed Yucca Mountain nuclear waste repository and its planned rail corridor, limiting meaningful mineral exploration. When the federal government shelved those plans in the mid-2010s, significant tracts of prospective ground were reopened to mineral exploration. AngloGold Ashanti moved early, applying modern geological models and systematic drilling to terrain that had seen little contemporary exploration and, with the Silicon and Merlin discoveries in 2018, delineating an entirely new gold district. AngloGold Ashanti’s exploration team has also been recognised with one of the mining industry’s most prestigious awards for the Silicon and Merlin discoveries—the Prospectors and Developers Association of Canada (PDAC) 2026 Thayer Lindsley Award for an international mineral discovery. AngloGold Ashanti has invested to advance the Beatty region, establishing the Beatty Foundation, an independent nonprofit led by local stakeholders and employees. In addition, AngloGold Ashanti provides annual funding for scholarships and other community initiatives in Nye County. Arthur Gold Project - 2026 Mineral Reserve Results Summary: Initial Mineral Reserve $1,950/oz: 88Mt @ 1.75g/t for 4.9Moz; Gold Produced (Moz): c. 4.5; Ore Tonnes (Mtpa): c. 12.75; Life of Mine (Yrs) - initial: c. 9; Avg. Annual Production (Au koz): c. 500; LOM Cash Costs ($/oz): c. 778; LOM AISC ($/oz): c. 954; Project Capital ($bn): c. 3.6. The Mineral Resource and Mineral Reserve stated herein were prepared in compliance with Subpart 1300 of Regulation S-K (17 CFR § 229.1300) (“Regulation S-K 1300”). The Mineral Resource and Mineral Reserve represent the amount of gold, copper, silver, sulphur and molybdenum estimated at 31 December 2025 and are based on information available at the time of estimation. The Mineral Resource and Mineral Reserve estimates are published at 31 December 2025, taking into account economic assumptions, changes to future production and capital costs, depletion, additions as well as any acquisitions or disposals during 2025. The legal tenure of each material property has been verified to the satisfaction of the accountable Qualified Person and all of the Mineral Reserve has been confirmed to be covered by the required mining permits or there exists a realistic expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with AngloGold Ashanti’s (or its joint venture partners’) current mine plans. For the Mineral Reserve, the term “economically viable” means that profitable extraction or production has been established or analytically demonstrated in, at a minimum, a pre-feasibility study, to be economically viable under reasonable investment and market assumptions. Mineral Reserve is subdivided and reported, in order of increasing geoscientific knowledge and confidence, into Probable and Proven Mineral Reserve categories. Mineral Reserve is aggregated from the Probable and Proven Mineral Reserve categories. Ounces of gold or silver or pounds of copper or sulphur included in the Probable and Proven Mineral Reserve are estimated and reported as delivered to plant (i.e., the point where material is delivered to the processing facility) and exclude losses during metallurgical treatment. In compliance with Regulation S-K 1300, the Mineral Resource herein is reported as exclusive of the Mineral Reserve before dilution and other factors are applied, unless otherwise stated. Mineral Resource is subdivided and reported, in order of increasing geoscientific knowledge and confidence, into Inferred, Indicated and Measured Mineral Resource categories. Ounces of gold or silver or pounds of copper, sulphur or molybdenum included in the Inferred, Indicated and Measured Mineral Resource are those contained in situ prior to losses during extraction and processing. While it would be reasonable to expect that the majority of Inferred Mineral Resource would upgrade to Indicated Mineral Resource with continued exploration, due to the uncertainty of Inferred Mineral Resource, it should not be assumed that such upgrading will always occur.Buy Or Sell Opportunity • Mar 16Now 24% undervaluedOver the last 90 days, the stock has risen 15% to €80.00. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 101%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Recent Insider Transactions • Mar 11CEO & Executive Director recently sold €3.5m worth of stockOn the 6th of March, Alberto Calderon sold around 39k shares on-market at roughly €91.68 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alberto has been a net seller over the last 12 months, reducing personal holdings by €5.0m.공시 • Mar 10Mineros S.A. (BVC:MINEROS) agreed to acquire AngloGold Ashanti Colombia S.A. from AngloGold Ashanti plc (NYSE:AU) for $70 million.Mineros S.A. (BVC:MINEROS) entered into an agreement to acquire AngloGold Ashanti Colombia S.A. from AngloGold Ashanti plc (NYSE:AU) for $70 million on March 9, 2026. A cash consideration of $10 million will be paid by Mineros S.A. Mineros S.A. will pay an earnout/contingent payment of $60 million cash. The transaction is expected to close during the first quarter of 2026, subject to customary conditions.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €91.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in Europe.Recent Insider Transactions • Mar 06Chief Technology Officer recently sold €1.0m worth of stockOn the 27th of February, Marcelo Godoy sold around 10k shares on-market at roughly €107 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months.Reported Earnings • Feb 21Full year 2025 earnings released: EPS: US$5.19 (vs US$2.33 in FY 2024)Full year 2025 results: EPS: US$5.19 (up from US$2.33 in FY 2024). Revenue: US$9.89b (up 71% from FY 2024). Net income: US$2.64b (up 163% from FY 2024). Profit margin: 27% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 3,091 troy koz (2,660 troy koz in FY 2024) Number of mines: 14 Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Europe.공시 • Feb 20Anglogold Ashanti plc Announces Interim Dividend for the Three Months Ended 31 December 2025, Payable on March 27, 2026AngloGold Ashanti plc announced an interim dividend for the three months ended 31 December 2025 of 173 USD cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions, set out below will apply. Ex-dividend on NYSE: 13 March 2026. Record date: 13 March 2026. Payment date: 27 March 2026.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €79.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €109 per share.Buy Or Sell Opportunity • Jan 22Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €87.76. The fair value is estimated to be €111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 90%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.Recent Insider Transactions • Dec 08Chief Technology Officer recently sold €1.4m worth of stockOn the 3rd of December, Marcelo Godoy sold around 19k shares on-market at roughly €71.92 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months.Buy Or Sell Opportunity • Dec 03Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €73.98. The fair value is estimated to be €61.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 86% in the next 2 years.공시 • Dec 02Aura Minerals Inc. (TSX:ORA) completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU).Aura Minerals Inc. (TSX:ORA) agreed to acquire Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU) for $72.8 million on June 2, 2025. A cash consideration of $76 million will be paid by Aura Minerals Inc. As part of consideration, a deferred consideration payment equivalent to a 3% net smelter returns shall also be received by AngloGold Ashanti plc. The consideration is subject to certain working capital adjustments. The transaction is subject to subject to antitrust regulations, completion of an ongoing decommissioning of a legacy tailings dam storage facility, completion of the Mineração Serra Grande S.A. subsidiaries transfer and No Material Adverse Event occurring prior to closing. The expected completion of the transaction is Q3 2025, and no later than Q4 2025. BofA Securities, Inc. acted as financial advisor for Aura Minerals Inc. Demarest Advogados acted as legal advisor for Aura Minerals Inc. Gowling WLG LLP acted as legal advisor for Aura Minerals Inc. Aisling Zarraga, Kye-Ren Cheong, Rhian Parker, Aileen Buchanan, James Marlow, Alicia Vidal and of Linklaters LLP acted as legal advisor to AngloGold Ashanti plc. Aura Minerals Inc. (TSX:ORA) completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU) on December 1, 2025.Board Change • Nov 28High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Marcus Randolph was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측BIT:1ANGU - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202815,6496,2255,8057,563412/31/202714,0364,6105,9508,148712/31/202613,3664,7454,9876,38933/31/202611,1663,4744,1945,768N/A12/31/20259,8932,6363,3354,784N/A9/30/20258,5752,2512,5243,852N/A6/30/20257,6491,8051,7863,039N/A3/31/20256,5851,3891,2882,441N/A12/31/20245,7931,0048781,968N/A9/30/20245,2995625911,682N/A6/30/20244,9481152711,350N/A3/31/20244,725-243741,129N/A12/31/20234,582-235-71971N/A9/30/20234,499-299-108973N/A6/30/20234,532-108-951,105N/A3/31/20234,4771861691,365N/A12/31/20224,5012332571,804N/A9/30/20224,3603903231,799N/A6/30/20224,2195543891,793N/A3/31/20224,1025962351,652N/A12/31/20214,0296142261,268N/A9/30/20214,3978124501,431N/A6/30/20214,4299266741,517N/A3/31/20214,5011,0158361,584N/A12/31/20204,5959849351,692N/A9/30/20204,1677827421,481N/A6/30/20203,9066175491,308N/A3/31/20203,6854454341,199N/A12/31/20193,525364N/A1,047N/A6/30/20192,916312N/A879N/A3/31/20193,080253N/A764N/A12/31/20183,336216N/A857N/A9/30/20184,17176N/A927N/A6/30/20184,39918N/A997N/A3/31/20184,455-86N/A997N/A12/31/20173,394145N/A997N/A9/30/20174,512-178N/A1,014N/A6/30/20174,238-165N/A1,031N/A3/31/20174,162-51N/A1,109N/A12/31/20164,22363N/A1,186N/A9/30/20164,046188N/A1,214N/A6/30/20163,929106N/A1,102N/A3/31/20163,96363N/A1,187N/A12/31/20154,01531N/A1,139N/A9/30/20154,204-139N/A969N/A6/30/20154,483-35N/A1,046N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1ANGU 의 연간 예상 수익 증가율(16%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: 1ANGU 의 연간 수익(16%)이 Italian 시장(10.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 1ANGU 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1ANGU 의 수익(연간 11.6%)이 Italian 시장(연간 5.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 1ANGU 의 수익(연간 11.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1ANGU의 자본 수익률은 3년 후 42.3%로 매우 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/17 16:17종가2026/05/15 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스AngloGold Ashanti plc는 23명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Herbert KharivheAbsa Bank LimitedAndrew ByrneBarclaysRaj RayBMO Capital Markets Equity Research20명의 분석가 더 보기
Reported Earnings • May 11First quarter 2026 earnings released: EPS: US$2.52 (vs US$0.88 in 1Q 2025)First quarter 2026 results: EPS: US$2.52 (up from US$0.88 in 1Q 2025). Revenue: US$3.24b (up 65% from 1Q 2025). Net income: US$1.28b (up 189% from 1Q 2025). Profit margin: 40% (up from 23% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Europe.
공시 • May 11Anglogold Ashanti plc Announces Interim Dividend for the Three Months Ended 31 March 2026 , Payable on 12 June, 2026AngloGold Ashanti plc announced an interim dividend for the three months ended 31 March 2026 of 116 US cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions set out below will apply. Ex-dividend on NYSE: 29 May 2026. Record date: 29 May2026. Payment date: 12 June, 2026.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €86.52, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €105 per share.
Reported Earnings • Mar 27Full year 2025 earnings released: EPS: US$5.19 (vs US$2.33 in FY 2024)Full year 2025 results: EPS: US$5.19 (up from US$2.33 in FY 2024). Revenue: US$9.89b (up 71% from FY 2024). Net income: US$2.64b (up 163% from FY 2024). Profit margin: 27% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Europe.
공시 • Mar 27+ 1 more updateAngloGold Ashanti Plc Announces Technical Report Summary for Arthur Gold Project in NevadaAngloGold Ashanti plc completed the Technical Report Summary for the Arthur Gold Project, showing a Tier One gold deposit with robust economics and strong potential for further growth in southern Nevada’s Beatty Mining District. With the completion of the pre-feasibility study, a first time Probable Mineral Reserve of 4.9Moz of contained gold (88Mt at 1.75 g/t) and 7.8Moz of contained silver (88Mt at 2.76g/t) was reported as at 31 December 2025. This supports an initial nine-year mine life with average annual production of approximately 500,000oz. At the Merlin deposit, there is also a gold Indicated Mineral Resource of 1.0Moz and gold Inferred Mineral Resource of 5.5Moz additional to the Mineral Reserve as at 31 December 2025. Silver by-product at Merlin includes an Indicated Mineral Resource of 2.0Moz and an Inferred Mineral Resource of 13.7Moz. Aggressive drilling programmes remain underway with the aim to convert additional Mineral Resource, expand the mineralised footprint and support technical studies. The Merlin and Silicon deposits form a large-scale, continuous mineralised system within the Arthur Gold Project. The Arthur Gold Project is anticipated to have a structurally competitive cost profile, with all-in sustaining costs ("AISC") estimated at $954/oz. This resilience is underpinned by predominantly oxide mineralization (>95%) and planned conventional processing flowsheets. The project demonstrates positive leverage at higher gold prices when compared to the price used for the Mineral Reserve at $1,950/oz: At $2,715/oz gold price: Estimated after-tax NPV (5%) of c. $1.7bn; At $3,500/oz gold price: Estimated after-tax NPV (5%) of c. $3.4bn. The development plan envisions an integrated operation comprising a 7Mtpa milling facility and a 5.5Mtpa crushed heap-leach circuit. It is anticipated that mining will utilize conventional open-pit methods with electric rope shovels and ultra-class haul trucks. The project is planned to use filtered, dry-stacked tailings for enhanced water conservation. The pre-feasibility study is expected to be presented to the AGA Board of Directors for approval to transition to the feasibility study phase in June 2026. Feasibility level environmental, hydrological and community baseline studies are currently underway. The discovery of the Arthur Gold Project reflects a rare convergence of history, policy and geological conviction. Beatty has a century long history of mining, but more recently, mining and exploration were halted. For decades, large areas around Beatty were effectively closed or heavily constrained due to the proposed Yucca Mountain nuclear waste repository and its planned rail corridor, limiting meaningful mineral exploration. When the federal government shelved those plans in the mid-2010s, significant tracts of prospective ground were reopened to mineral exploration. AngloGold Ashanti moved early, applying modern geological models and systematic drilling to terrain that had seen little contemporary exploration and, with the Silicon and Merlin discoveries in 2018, delineating an entirely new gold district. AngloGold Ashanti’s exploration team has also been recognised with one of the mining industry’s most prestigious awards for the Silicon and Merlin discoveries—the Prospectors and Developers Association of Canada (PDAC) 2026 Thayer Lindsley Award for an international mineral discovery. AngloGold Ashanti has invested to advance the Beatty region, establishing the Beatty Foundation, an independent nonprofit led by local stakeholders and employees. In addition, AngloGold Ashanti provides annual funding for scholarships and other community initiatives in Nye County. Arthur Gold Project - 2026 Mineral Reserve Results Summary: Initial Mineral Reserve $1,950/oz: 88Mt @ 1.75g/t for 4.9Moz; Gold Produced (Moz): c. 4.5; Ore Tonnes (Mtpa): c. 12.75; Life of Mine (Yrs) - initial: c. 9; Avg. Annual Production (Au koz): c. 500; LOM Cash Costs ($/oz): c. 778; LOM AISC ($/oz): c. 954; Project Capital ($bn): c. 3.6. The Mineral Resource and Mineral Reserve stated herein were prepared in compliance with Subpart 1300 of Regulation S-K (17 CFR § 229.1300) (“Regulation S-K 1300”). The Mineral Resource and Mineral Reserve represent the amount of gold, copper, silver, sulphur and molybdenum estimated at 31 December 2025 and are based on information available at the time of estimation. The Mineral Resource and Mineral Reserve estimates are published at 31 December 2025, taking into account economic assumptions, changes to future production and capital costs, depletion, additions as well as any acquisitions or disposals during 2025. The legal tenure of each material property has been verified to the satisfaction of the accountable Qualified Person and all of the Mineral Reserve has been confirmed to be covered by the required mining permits or there exists a realistic expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with AngloGold Ashanti’s (or its joint venture partners’) current mine plans. For the Mineral Reserve, the term “economically viable” means that profitable extraction or production has been established or analytically demonstrated in, at a minimum, a pre-feasibility study, to be economically viable under reasonable investment and market assumptions. Mineral Reserve is subdivided and reported, in order of increasing geoscientific knowledge and confidence, into Probable and Proven Mineral Reserve categories. Mineral Reserve is aggregated from the Probable and Proven Mineral Reserve categories. Ounces of gold or silver or pounds of copper or sulphur included in the Probable and Proven Mineral Reserve are estimated and reported as delivered to plant (i.e., the point where material is delivered to the processing facility) and exclude losses during metallurgical treatment. In compliance with Regulation S-K 1300, the Mineral Resource herein is reported as exclusive of the Mineral Reserve before dilution and other factors are applied, unless otherwise stated. Mineral Resource is subdivided and reported, in order of increasing geoscientific knowledge and confidence, into Inferred, Indicated and Measured Mineral Resource categories. Ounces of gold or silver or pounds of copper, sulphur or molybdenum included in the Inferred, Indicated and Measured Mineral Resource are those contained in situ prior to losses during extraction and processing. While it would be reasonable to expect that the majority of Inferred Mineral Resource would upgrade to Indicated Mineral Resource with continued exploration, due to the uncertainty of Inferred Mineral Resource, it should not be assumed that such upgrading will always occur.
Buy Or Sell Opportunity • Mar 16Now 24% undervaluedOver the last 90 days, the stock has risen 15% to €80.00. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 101%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Recent Insider Transactions • Mar 11CEO & Executive Director recently sold €3.5m worth of stockOn the 6th of March, Alberto Calderon sold around 39k shares on-market at roughly €91.68 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alberto has been a net seller over the last 12 months, reducing personal holdings by €5.0m.
공시 • Mar 10Mineros S.A. (BVC:MINEROS) agreed to acquire AngloGold Ashanti Colombia S.A. from AngloGold Ashanti plc (NYSE:AU) for $70 million.Mineros S.A. (BVC:MINEROS) entered into an agreement to acquire AngloGold Ashanti Colombia S.A. from AngloGold Ashanti plc (NYSE:AU) for $70 million on March 9, 2026. A cash consideration of $10 million will be paid by Mineros S.A. Mineros S.A. will pay an earnout/contingent payment of $60 million cash. The transaction is expected to close during the first quarter of 2026, subject to customary conditions.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €91.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in Europe.
Recent Insider Transactions • Mar 06Chief Technology Officer recently sold €1.0m worth of stockOn the 27th of February, Marcelo Godoy sold around 10k shares on-market at roughly €107 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months.
Reported Earnings • Feb 21Full year 2025 earnings released: EPS: US$5.19 (vs US$2.33 in FY 2024)Full year 2025 results: EPS: US$5.19 (up from US$2.33 in FY 2024). Revenue: US$9.89b (up 71% from FY 2024). Net income: US$2.64b (up 163% from FY 2024). Profit margin: 27% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 3,091 troy koz (2,660 troy koz in FY 2024) Number of mines: 14 Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Europe.
공시 • Feb 20Anglogold Ashanti plc Announces Interim Dividend for the Three Months Ended 31 December 2025, Payable on March 27, 2026AngloGold Ashanti plc announced an interim dividend for the three months ended 31 December 2025 of 173 USD cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions, set out below will apply. Ex-dividend on NYSE: 13 March 2026. Record date: 13 March 2026. Payment date: 27 March 2026.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €79.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €109 per share.
Buy Or Sell Opportunity • Jan 22Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €87.76. The fair value is estimated to be €111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 90%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.
Recent Insider Transactions • Dec 08Chief Technology Officer recently sold €1.4m worth of stockOn the 3rd of December, Marcelo Godoy sold around 19k shares on-market at roughly €71.92 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months.
Buy Or Sell Opportunity • Dec 03Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €73.98. The fair value is estimated to be €61.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 86% in the next 2 years.
공시 • Dec 02Aura Minerals Inc. (TSX:ORA) completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU).Aura Minerals Inc. (TSX:ORA) agreed to acquire Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU) for $72.8 million on June 2, 2025. A cash consideration of $76 million will be paid by Aura Minerals Inc. As part of consideration, a deferred consideration payment equivalent to a 3% net smelter returns shall also be received by AngloGold Ashanti plc. The consideration is subject to certain working capital adjustments. The transaction is subject to subject to antitrust regulations, completion of an ongoing decommissioning of a legacy tailings dam storage facility, completion of the Mineração Serra Grande S.A. subsidiaries transfer and No Material Adverse Event occurring prior to closing. The expected completion of the transaction is Q3 2025, and no later than Q4 2025. BofA Securities, Inc. acted as financial advisor for Aura Minerals Inc. Demarest Advogados acted as legal advisor for Aura Minerals Inc. Gowling WLG LLP acted as legal advisor for Aura Minerals Inc. Aisling Zarraga, Kye-Ren Cheong, Rhian Parker, Aileen Buchanan, James Marlow, Alicia Vidal and of Linklaters LLP acted as legal advisor to AngloGold Ashanti plc. Aura Minerals Inc. (TSX:ORA) completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU) on December 1, 2025.
Board Change • Nov 28High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Marcus Randolph was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.