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Overview
AngloGold Ashanti is a gold mining company with a portfolio of mining assets across major gold-producing regions including Africa, the Americas, and Australia. It operates by exploring for gold, mining ore, and processing it at plants to extract and refine gold, producing refined gold bars and related byproducts for sale. The company differentiates itself through a global, diversified asset base and a history of successful greenfield and brownfield exploration, along with a long-standing listing on major exchanges (NYSE, SA and Ghana) and a UK domicile after restructuring. Its goal is to generate value for shareholders by growing and operating productive gold assets efficiently, expanding reserves through exploration, and maintaining a sustainable, compliant operation across its diversified geographic footprint.
About AngloGold Ashanti
Industries
Industrial & Manufacturing
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Alexandra, South Africa
Founded
1998
People at AngloGold Ashanti
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Simplify's Take
What believers are saying
- Nevada's Arthur Gold Project aims for 500,000 ounces annually over nine years with $954/oz all-in sustaining costs.
- Sukari mine in Egypt plans 4 million ounces production through 2035, with 2025 revenues up 107% to $612 million.
- Obuasi restart is expected to add 400,000 ounces yearly to Ghana's output, boosting national gold production significantly.
What critics are saying
- Illegal artisanal mining (galamsey) around Obuasi threatens operational security, with 50–70% probability of conflict in 6–12 months.
- Geopolitical fragility in East Africa exposes 50% of global earnings to supply chain disruptions over 12–18 months.
- Egypt's $239 million tax exemption at Sukari may trigger renegotiation, reducing net margins within 12–18 months.
What makes AngloGold Ashanti unique
- AngloGold Ashanti operates in ten countries across four continents, unlike rivals focused on low-risk jurisdictions like Canada.
- The company holds a $3.6 billion Nevada reserve at Arthur Gold Project, validated by Franco-Nevada's $250 million royalty deal.
- Obuasi mine redevelopment targets 350,000–450,000 ounces annually with a 22-year life, backed by $1.6 billion total investment.
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Funding
Total Funding
$748.5M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Bonus Program
Medical Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
401(k) Retirement Plan
Employee Assistance
Disability Insurance
Paid Time Off
Holidays
Stock Price
Company News
Ghana reopens Obuasi gold mine after major AngloGold Ashanti investment. Ghana has officially reopened the Obuasi gold mine, one of its most significant gold assets, following years of inactivity since operations were halted in 2016. The revival is being led by AngloGold Ashanti, in partnership with the Government of Ghana, marking a major step in restoring output from one of West Africa's most historic mining sites. Major Investment to Restart Operations AngloGold Ashanti has committed between US$495 million and US$545 million to redevelop the Obuasi mine. The investment will fund a full restart of operations, including: * Underground mine redevelopment * Electrical and mechanical refurbishment * New construction and infrastructure upgrades * Deployment of modern mining technologies The project is designed to transform Obuasi into a long-life, modern mining operation supported by advanced planning and engineering systems. Building a Modern Mining Operation According to AngloGold Ashanti leadership, the redevelopment strategy focuses on creating a sustainable and technologically advanced mining operation built on strong partnerships with national and local stakeholders. The company emphasised that the project reflects a long-term vision to unlock the full potential of the Obuasi ore body using modern mining methods and improved operational efficiency. Boost to Ghana's Gold Production Once fully operational, the Obuasi mine is expected to contribute up to 400,000 ounces of gold per year or more to Ghana's total output. This represents nearly 10% of Ghana's gold production in 2018, reinforcing the country's position as Africa's largest gold producer, having overtaken South Africa in recent years. The restart is expected to strengthen Ghana's mining sector, increase export earnings and support broader economic growth. Strategic Importance of Obuasi Mine The Obuasi gold mine is one of Ghana's most important mineral assets, with a long history of production. Its closure in 2016 was due to operational challenges, but the renewed investment signals confidence in the mine's remaining reserves and long-term viability. AngloGold Ashanti, one of the world's largest gold producers, operates across multiple continents and is listed on major global stock exchanges including Johannesburg, New York, London and Accra. The redevelopment of Obuasi is expected to restore large-scale production capacity, improve mining efficiency and extend the life of one of Ghana's most valuable mining assets. With substantial capital investment and modernisation efforts underway, the project is positioned to play a key role in Ghana's continued dominance in African gold production.
AngloGold Ashanti breaks ground on new community relations building in Beatty. Pahrump Valley Times June 24, 2026 - 4:40 am BEATTY - Global mining company AngloGold Ashanti, officially broke ground on a new community relations building in Beatty earlier this month as it continues to work on the North Bullfrog Mine and other Nevada projects. "We're not [the] kind of a mining company that is looking at this as kind of a short-term endeavor and we want to do it with the community," Nick Fouche, senior vice president for AngloGold Ashanti's Nevada projects, told the Pahrump Valley Times. "So, we deliberately selected a community relations building as our first infrastructure project in Beatty as a symbol of our connection to the community." Local residents, community leaders, and AngloGold Ashanti representatives, including those who call Beatty home, attended the groundbreaking ceremony on June 8. Construction is expected to proceed in the coming months. "We wanted a permanent space that would actually be a space that's very inviting for our community to actually visit, use and that we would have exhibits about how the mining industry operates, number one," Fouche elaborated. "Number two is how AngloGold Ashanti operates and the responsibility that we take on in building out a mining district around things like conservation, water management, community participation." Fouche said that in addition to the mining exhibitions, the building will also have conference rooms for the community to use and a 3D model of what a mine looks like, viewable through virtual-reality goggles. "We also want to do it so well that when visitors pass through Beatty and people go to Death Valley National Park, that they would also be interested in visiting that center and actually getting an understanding of mining in the district and the work that AngloGold Ashanti does," Fouche said. Fouche added that the space is important from an educational perspective, hoping that schools will come out to visit the community relations building. Sponsored Content "We've got a real opportunity to work with our community, and we've got a real opportunity of doing conservation work that is world-class conservation work and we want to build that all as an integrated approach to developing Beatty," Fouche explained. AngloGold Ashanti's proposed North Bullfrog Mine north of Beatty aims to produce gold and silver. "The project is expected to bring approximately 359 jobs annually during the construction phase and 345 jobs annually during production, according to a recent study by researchers at the University of Nevada, Reno," a press release stated. Contact reporter Elijah Dulay at [email protected] Readers can find previous coverage about the proposed North Bullfrog Mine online at pvtimes.com
AngloGold Ashanti plans 4 million ounces of gold production at Egypt's sukari mine through 2035. Wed, Apr. 8, 2026 AngloGold Ashanti revealed that its Sukari gold mine in Egypt aims to produce 4 million ounces of gold between 2026 and 2035. Egypt's revenues from the Sukari mine surged 107% in 2025, reaching $612 million, according to the data released by AngloGold Ashanti, which holds the mine's concession rights. The payments to Egypt include royalties, taxes, and the government's share of the mine's profits. The company noted that its profit-sharing agreement exempted it from paying $239 million in taxes during 2025. Gold production at Sukari rose to approximately 500,000 ounces in 2025, up from around 481,000 ounces in 2024, representing a 4% year-on-year increase. AngloGold Ashanti invested $262 million at the mine last year and plans to invest $126 million in 2026 for waste management and reclamation programs. The company also paid $53 million in royalties for Sukari, at a rate of $104 per ounce sold, in addition to Egypt's 50% share of the mine's profits. Located in the heart of Egypt's Eastern Desert, about 30 kilometers south of Marsa Alam on the Red Sea coast, Sukari remains the country's largest gold-producing mine.
"Sukari Mine" in Egypt targets production of 4 million ounces of gold over 10 years. Tuesday, April 7, 2026 Alarabiya.net: Data from AngloGold Ashanti revealed that the Sukari Mine in Egypt plans to produce 4 million ounces of gold between 2026 and 2035. Egypt's revenues from the Sukari Mine increased by 107% in 2025, reaching $612 million, according to data from AngloGold Ashanti, which holds the concession rights for the mine. The company said that payments include concession rights, taxes, and Egypt's share of the mine's profits. The company disclosed that the profit-sharing agreement exempted it from paying taxes amounting to $239 million in 2025. Production from the Sukari Mine rose to approximately 500,000 ounces last year, compared to about 481,000 ounces in 2024, representing an annual growth of 4%. AngloGold Ashanti invested $262 million last year and aims to invest $126 million this year in the mine for waste removal programs. The company paid $53 million in concession rights for the Sukari Mine, at a rate of $104 per ounce sold, according to the company's operational results, in addition to Egypt's share of the mine's profits, which is 50%. The mine - the largest gold-producing mine in Egypt - is located in the heart of the Eastern Desert of Egypt, approximately 30 kilometers south of Marsa Alam on the Red Sea coast.
AngloGold Ashanti unveils 4.9moz Nevada gold reserve worth $3.6 billion. March 27, 2026 AngloGold Ashanti plc (AGA) has formally confirmed a maiden Probable Mineral Reserve of 4.9 million ounces of contained gold at its Arthur Gold Project in southern Nevada, backed by a pre-feasibility study (PFS) that outlines a nine-year mine producing approximately 500,000 ounces annually and requiring an estimated $3.6 billion in capital investment. The company released the Technical Report Summary (TRS) for the Arthur Gold Project on Thursday, March 26, 2026, filed concurrently with its 2025 Annual Report on Form 20-F with the United States Securities and Exchange Commission (SEC). The reserve, calculated at a gold price of $1,950 per ounce, stands at 88 million tonnes grading 1.75 grams per tonne, alongside 7.8 million ounces of silver at 2.76 grams per tonne. The project's economics gain significant force at current market prices. At $2,715 per ounce of gold, the estimated after-tax net present value (NPV) at a 5 percent discount rate is approximately $1.7 billion. At $3,500 per ounce, that figure nearly doubles to approximately $3.4 billion. Life-of-mine all-in sustaining costs (AISC) are projected at $954 per ounce, with cash costs of $778 per ounce, positioning the project within the competitive tier of major new gold developments globally. "The Arthur Gold Project is a cornerstone of our strategy to build a world-class, long-life production platform in the US," said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. "With a world class orebody and a disciplined capital approach, we have a clear roadmap to growth and long-term shareholder value." The Arthur Gold Project consolidates the Silicon and Merlin deposits into a continuous, large-scale mineralised system within Nevada's Beatty Mining District, located approximately 120 miles from Las Vegas and 65 miles from Pahrump. Nevada consistently ranks among the world's most favourable mining jurisdictions, offering established infrastructure, deep labour pools, and a well-defined permitting process. The planned operation will integrate a 7 million tonne per annum (Mtpa) milling facility with a 5.5Mtpa crushed heap-leach circuit, using conventional open-pit methods with electric rope shovels and ultra-class haul trucks. The project intends to use filtered, dry-stacked tailings for water conservation. Beyond the confirmed reserve, the Merlin deposit holds an additional indicated gold mineral resource of 1.0Moz and an inferred gold mineral resource of 5.5Moz, alongside indicated silver resources of 2.0Moz and inferred silver resources of 13.7Moz. Aggressive drilling programmes are continuing with the aim of converting further resources and expanding the mineralised footprint. The PFS is scheduled for presentation to AngloGold Ashanti's Board of Directors in June 2026 for approval to advance to a full feasibility study. Feasibility-level environmental, hydrological, and community baseline studies are already underway. The discovery itself carries significant recognition. AngloGold Ashanti's exploration team received the Prospectors and Developers Association of Canada (PDAC) 2026 Thayer Lindsley Award for an international mineral discovery, one of the mining industry's most prestigious honours, for the Silicon and Merlin finds that together form the Arthur Gold Project. AngloGold Ashanti trades on the New York Stock Exchange (NYSE) under the ticker AU and on the Johannesburg Stock Exchange (JSE) under the ticker ANG. The company is also listed on the Ghana Stock Exchange (GSE) through Ghanaian depositary shares. Send your news stories to [email protected] Follow News Ghana on Google News
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About AngloGold Ashanti
Industries
Industrial & Manufacturing
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Alexandra, South Africa
Founded
1998
AngloGold Ashanti is Hiring for 27 Jobs on Simplify!
Find jobs on Simplify and start your career today