Financial Performance - Free cash flow increased by 141% to $920 million in Q3 2025 compared to $381 million in Q3 2024[20] - Headline earnings increased by 185% to $672 million in Q3 2025 compared to $236 million in Q3 2024[20] - Adjusted EBITDA increased by 109% to $1.56 billion in Q3 2025 compared to $746 million in Q3 2024[20] - Basic earnings increased by 200% to $669 million in Q3 2025 compared to $223 million in Q3 2024[20] - The average gold price received increased by 40% to $3,490/oz in Q3 2025 from $2,486/oz in Q3 2024[80] Operational Performance - Gold production increased by 17% to 768,000 oz in Q3 2025 compared to 657,000 oz in Q3 2024[20] - Total cash costs for managed operations increased by 5% year-on-year to $1,244/oz in Q3 2025 from $1,186/oz in Q3 2024[20, 21] - All-in sustaining costs (AISC) for managed operations increased by 6% year-on-year to $1,766/oz in Q3 2025 from $1,665/oz in Q3 2024[79] Mineral Resources and Reserves - The Mineral Resource at the end of the financial year ended 31 December 2024 was estimated using a gold price of $1,900/oz[11] - The Mineral Reserve at the end of the financial year ended 31 December 2024 was estimated using a gold price of $1,600/oz[11]

Financial Performance - AngloGold Ashanti's Q1 2025 gold production increased by 22% to 720,000 ounces compared to 591,000 ounces in Q1 2024 [55] - The average gold price received increased by 39% to $2,874 per ounce in Q1 2025 from $2,063 per ounce in Q1 2024 [56] - Free cash flow surged by 607% to $403 million in Q1 2025, a significant increase from $57 million in Q1 2024 [18, 50] - Adjusted EBITDA increased by 158% to $1120 million in Q1 2025 compared to $434 million in Q1 2024 [18, 56, 95] - Basic earnings increased by 664% to $443 million in Q1 2025, compared to $58 million in Q1 2024 [18, 56] Cost Management - Group total cash costs increased by 4% year-over-year to $1,223 per ounce in Q1 2025 from $1,181 per ounce in Q1 2024 [18, 55] - Total cash costs for managed operations decreased by 2% year-over-year to $1,213 per ounce in Q1 2025 from $1,232 per ounce in Q1 2024 [18, 55] Balance Sheet and Liquidity - Adjusted net debt decreased by 60% to $525 million in Q1 2025 from $1,322 million in Q1 2024 [18, 56] - Strong liquidity of approximately $30 billion [18] Operational Highlights - Obuasi's UHDF ore tonnes mined was up 72% in Q1 2025 vs Q4 2024 [28]