In the latest trading session, AngloGold Ashanti (AU) closed at $85.73, marking a -4.27% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.74%. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 2.38%. Prior to today's trading, shares of the gold miner had lost 28.07% lagged the Basic Materials sector's loss of 13.13% and the S&P 500's loss of 4.99%.The upcoming earnings release of AngloGold Ashanti will be of great interest to ...

| As filed with the Securities and Exchange Commission on 26 March 2026 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | | | | | | --- | --- | --- | --- | --- | --- | --- | | Washington, D.C. 20549 | FORM 20-F | | | | | | | REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 | ☐ | OR | | | | | | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR | ☒ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EX ...

Key Takeaways AU delivered a record $2.9B free cash flow in 2025, up 204% on higher production and gold prices.Gold output rose 16% y/y in 2025, driven by Sukari and strong mine performance across key assets.AU guides 2026 production at 2.80-3.17M ounces, implying a 3% dip at the mid-point due to cost pressures.AngloGold Ashanti plc (AU) delivered a record $2.9 billion in free cash flow in 2025, a whopping 204% year-over-year rise. The upside is driven by AngloGold Ashanti’s continued cost discipline, highe ...

点击蓝字，关注我们 今日上午港股 绩，娱乐场收益244.18亿港元，同比增长3.39%；拥有人应占溢利16.3亿港元，同比减少49.05%；每股 基本盈利0.31港元；末期息0.223港元。 8 . 长飞光纤光缆(06869)今早一度涨超8%，截至发稿，涨7.2% 。消息面上，据C114通信网消息，近 日，中国电信集团黑龙江电信分公司发布2026年室外光缆应急采购项目招标公告。 9 . 利福中国(02136)绩后跌近9% 。消息面上，利福中国发布2025年度业绩，该集团取得收入12.11亿 元(人民币，下同)，同比减少3.35%；股东应占亏损3113.1万元，同比扩大54.84%。 1. 西部水泥(02233)绩后涨超3%，截至发稿，涨3.85% 。消息面上，3月24日，西部水泥发布2025年年 度业绩，收入人民币96.21亿元，同比增长15.3%；股东应占溢利8.8亿元，同比增长40.5%；每股基本 盈利16.1分；末期息0.048元。 2 . 金浔资源(03636)涨超14% 。消息面上，近日，金浔资源发布公告，本集团预期截至2025年12月31 日止年度将取得归属于本公司拥有人的综合盈利约人民币3亿元至 ...

Core Insights - The world's largest mining companies have experienced stock losses nearing 30% since the onset of the war, with copper entering a bear market, silver down 40% from its peak, and gold facing its worst week in decades [1][2] Market Performance - Gold futures fell by $225 an ounce, closing at $4,492, marking a 3.5% decline for the day and over 11% for the week [1] - Silver dropped to $67.81, a 6.9% decrease from the start of trading on Friday [1] - Copper ended the day down 4.0% at $5.30 per pound ($11,690 per tonne), with a weekly decline of 7.4% [2] Company-Specific Impacts - Newmont's stock is down 26.3% since the war began, trading at a market cap of $104 billion, down from $143 billion [3][4] - Barrick Mining has seen a 26.8% decline, with a market cap of $62 billion, down $27 billion since late January [4] - Teck Resources holds a royalty on Barrick's Fourmile gold project, which could significantly impact Barrick's valuation [5] Other Mining Companies - AngloGold Ashanti's shares have plummeted 37.4% in March, resulting in a market value of $40 billion, while Gold Fields lost 33.6% to $35 billion [5] - Wheaton Precious Metals has fallen nearly 30% since the conflict began, now valued at $52 billion [6] - Fresnillo's shares are down 31.3% in March, reducing its market cap to $30 billion [7] Broader Industry Trends - BHP's shares have decreased by 20.0%, with a market cap of $168.58 billion, despite record profits [8] - Glencore has only lost 4.3% since the start of the conflict, now valued at $81 billion, making it the best performer among major mining companies year-to-date [18] - Vale's stock has declined by 18.2%, with a market cap of $61 billion, positioning it as one of the better-performing large-cap miners [20]

点击蓝字，关注我们 今日上午港股 1. 珠光控股(01176)盘中跌超33%，截至发稿，跌25.64% 。消息面上，3月19日，珠光控股发布公告， 于本公告日期，本公司独立估值师及核数师未能完成彼等各自于2025财政年度的估值及审计工作，包 括但不限于以下方面：投资物业、发展中物业及完成待售物业；贸易应收款项及其他应收款项的预期 信贷亏损评估；投资于一间联营公司(即银建国际控股集团有限公司，其股份于联交所主板上市，股 份代号：0171)；及本集团综合财务报表所载若干重大项目的审计确认书。 2 . 部分黄金股回暖，截至发稿， 紫金黄金国际(02259)涨6.89%，灵宝黄金(03330)涨7.31%，中国黄金 国际(02099)涨2.59%，中国白银集团(00815)涨2.11% 。消息面上，贵金属市场在遭遇暴跌后反弹，现 货黄金一度回升至4700美元上方。 3 . 派格生物医药-B(02565)涨超6% 。消息面上，派格生物医药公布，近日与上海腾瑞制药股份有限公 司就公司核心产品派达康在中国大陆地区的商业化合作签署战略合作协议。 4. 晶苑国际(02232)绩后跌超4%，截至发稿，跌2.03% 。消息面上，3 ...

Key Takeaways AngloGold Ashanti outperformed Harmony Gold with a 194.6% one-year stock surge.AU's EBITDA jumped 129% y/y in 2025, driven by higher output and gold prices.Harmony Gold faces rising costs, with all-in sustaining costs up 21% in fiscal 2026.AngloGold Ashanti PLC (AU) and Harmony Gold Mining Co. Ltd. (HMY) are two prominent gold mining companies with a diversified portfolio of mines. Both AU and HMY are gaining from the surge in gold prices.Gold prices are benefiting from safe-haven demand, heig ...

Key Takeaways Sukari drove AngloGold Ashanti's 16% 2025 production rise with a record output of 500,000 ounces.The mine generated $1.3B EBITDA and a $475M free cash flow, boosting AU's total cash flow to $2.9B.Sukari now contributes 16% to AU's production after the Centamin deal, matching key asset Geita.AngloGold Ashanti PLC (AU) delivered a 16% year-over-year increase in gold production in 2025. Along with solid performances of key assets, the upside was attributed to the solid full-year contribution from ...

Oil Market Impact - April WTI crude oil prices surged to $119.48 per barrel, the highest in 3.75 years, before settling at $94.77 following Israeli airstrikes on Iranian oil depots [1] - The Strait of Hormuz, a critical passage for about 20% of global oil supply, is effectively closed, with warnings from Iran's Revolutionary Guard Corps regarding potential risks to vessels [3] Equity Market Reaction - The S&P 500 fell to a three-month low, the Dow Jones Industrial Average dropped to a two-month low, and the Nasdaq 100 slid to a three-month low due to rising energy costs exacerbating inflation concerns [3] Investment Opportunities in Materials Sector - The materials sector presents opportunities for income-focused investors, with three high-yield dividend stocks highlighted: Westlake Chemical Partners LP (WLKP) yielding 10.11%, Suncoke Energy (SXC) yielding 7.66%, and AngloGold Ashanti (AU) yielding 3.37% [4] - These stocks have low beta values ranging from 0.55 to 0.98, indicating less volatility compared to the broader market, making them attractive during periods of high crude prices and market instability [5] Westlake Chemical Partners LP (WLKP) Overview - WLKP is a master limited partnership focused on ethylene production, with a long-term agreement to sell most of its output to Westlake Corporation (WLK) [6] - Despite a 7.5% decline over the past year, WLKP has gained 16% year-to-date, with a reasonable valuation at approximately 12.26x forward earnings compared to the sector's 15.51x [7] - WLKP offers a forward annual dividend of $1.89 per unit, yielding 8.69%, with a recent distribution of $0.4714 declared in February; however, the payout ratio is around 136%, indicating tight coverage [8]

Core Insights - AngloGold Ashanti plc is recognized as one of the top mining stocks to invest in, highlighting its strong market position and growth potential [1] Analyst Ratings and Price Targets - Scotiabank analyst Tanya Jakusconek raised the price target on AngloGold Ashanti to $134 from $131, maintaining an Outperform rating, citing progress in permitting in Nevada and updates on various assets [2] - JPMorgan analyst Patrick Jones increased the price target to $164 from $131 while keeping an Overweight rating on the shares, indicating strong confidence in the company's future performance [3] - Roth Capital raised its price target to $122 from $92 and reiterated a Buy rating, noting mixed Q4 results but emphasizing strong free cash flow and a higher-than-expected quarterly dividend [4] Financial Performance - AngloGold Ashanti reported a record free cash flow of $2.9 billion in 2025, tripling from previous levels, with adjusted EBITDA more than doubling to $6.3 billion [5] - Gold production increased by 16%, while total cash costs and all-in sustaining costs remained flat in real terms, showcasing operational efficiency [5] - The company declared a Q4 interim dividend of $875 million, or 173 cents per share, contributing to a total of $1.8 billion in dividends for 2025, or 357 cents per share [5] Company Overview - AngloGold Ashanti operates as a gold mining company with a focus on gold exploration and production, along with by-products such as silver and sulphuric acid, across Africa, Australia, and the Americas [6]