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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2026
Commission File Number: 001-41815
            AngloGold Ashanti plc           
(Translation of registrant’s name into English)
Third Floor, Hobhouse Court, Suffolk Street
London SW1Y 4HH
        United Kingdom        
6363 S. Fiddlers Green Circle, Suite 1000
Greenwood Village, CO 80111
        United States of America       
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F.
Form 20-F ☒      Form 40-F ☐
This Report on Form 6-K shall be incorporated by reference into the registrant’s (i) Registration Statement
on Form S-8 as amended (File No. 333-274681) and (ii) its Registration Statement on Form S-8 as
amended (File No. 333-278925), in each case, to the extent not superseded by documents or reports
subsequently filed by the registrant under the Securities Act of 1933 or the Securities Exchange Act of
1934, in each case as amended
Enclosure:  Unaudited condensed consolidated interim financial statements as of and for each of the six-month periods ended 30
June 2026 and 2025, prepared in accordance with IFRS Accounting Standards, and related management’s discussion
TEXT.jpg
1
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K
Financial and Operating Report
for the six months ended 30 June 2026
Key statistics
Six months
Six months
ended
ended
Jun
Jun
US Dollar million, except as otherwise noted
2026
2025
Operating review
Gold
Produced - Managed operations(1)(2)(3)
- oz (000)
1,334
1,386
Produced - Non-managed joint ventures(1)
- oz (000)
134
138
Sold - Managed operations(1)(2)(3)
- oz (000)
1,332
1,403
Sold - Non-managed joint ventures(1)
- oz (000)
140
135
Financial review
Gold income
- $m
6,188
4,334
Cost of sales - Managed operations(1)
- $m
2,694
2,372
Cost of sales - Non-managed joint ventures(1)
- $m
250
213
Total operating costs
- $m
2,062
1,775
Gross profit
- $m
3,646
2,036
Average gold price received per ounce* - Managed operations(1)
- $/oz
4,647
3,090
Average gold price received per ounce* - Non-managed joint ventures(1)
- $/oz
4,672
3,078
All-in sustaining costs per ounce* - Managed operations(1)
- $/oz
2,027
1,676
All-in sustaining costs per ounce* - Non-managed joint ventures(1)
- $/oz
1,715
1,414
Total cash costs per ounce* - Managed operations(1)
- $/oz
1,431
1,228
Total cash costs per ounce* - Non-managed joint ventures(1)
- $/oz
1,482
1,193
Profit for the period
- $m
2,654
1,348
Total borrowings
- $m
1,778
2,297
Profit attributable to equity shareholders
- $m
2,283
1,112
- US cents/share
448
219
Headline earnings(4)
- $m
2,295
1,087
- US cents/share
451
214
Net cash inflow from operating activities
- $m
3,141
1,743
Capital expenditure - Managed operations(1)
- $m
915
653
Capital expenditure - Non-managed joint ventures(1)
- $m
101
64
(1) The term “managed operations” refers to subsidiaries managed by AngloGold Ashanti and included in its consolidated reporting, while the term “non-managed joint
ventures” (i.e., Kibali) refers to equity-accounted joint ventures that are reported based on AngloGold Ashanti’s share of attributable earnings and are not managed
by AngloGold Ashanti. Managed operations are reported on a consolidated basis. Non-managed joint ventures are reported on an attributable basis.
(2) Includes gold concentrate from the Cuiabá mine sold to third parties in the six months ended 30 June 2026.
(3) Includes gold production and gold sold for the Serra Grande operation, which was sold on 1 December 2025, comprising 26,000 ounces for the six months ended 30
June 2025.
(4) The financial measures “headline earnings (loss)” and “headline earnings (loss) per share” are not calculated in accordance with IFRS® Accounting Standards, but in
accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg
Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute Non-GAAP financial
measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP
financial measures.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
$ represents US Dollar, unless otherwise stated.
Rounding of figures may result in computational discrepancies.
Published 31 July 2026
June 2026
TEXT.jpg
2
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
The following discussion should be read in conjunction with AngloGold Ashanti plc’s (“AngloGold Ashanti”, “AGA”, the “Company” or the
“Group”) consolidated financial statements, the related operating and financial review and prospects and other information included within
its annual report on Form 20-F for the year ended 31 December 2025 (the “2025 Form 20-F”), filed with the United States Securities and
Exchange Commission (“SEC”) on 26 March 2026.
The term “managed operations” refers to subsidiaries managed by AngloGold Ashanti and included in its consolidated reporting, while the
term “non-managed joint-ventures” (i.e., Kibali) refers to equity-accounted joint ventures that are reported based on AngloGold Ashanti’s
share of attributable earnings and are not managed by AngloGold Ashanti.
The Company’s financial condition and results of operations reported and summarised below may include forward-looking statements that
are not guarantees of future performance and are not necessarily indicative of future financial or operating results (refer to the “Forward-
looking statements” disclaimer below for further information).
OVERVIEW
AngloGold Ashanti’s operating results are directly related to the market spot gold price, which can fluctuate widely and is affected by
numerous factors beyond its control, including investment, jewellery and industrial demand (particularly in China and India), expectations
with respect to the rate of inflation, the strength of the US dollar (the currency in which the price of gold is generally quoted) and of other
currencies, interest rates, actual or expected gold sales and purchases by central banks and the International Monetary Fund (“IMF”),
global or regional political or economic events or conditions, and production and cost levels in major gold-producing regions.
The price of gold is often subject to sharp, short-term changes. The market spot gold price opened the year on 1 January 2026 at $4,322
per ounce (compared to $2,624 per ounce on 1 January 2025). The market spot gold price for the first six months of 2026 has seen a high
of $5,335 per ounce on 26 January 2026 and a low of $4,007 per ounce on 24 June 2026. The average market spot gold price for the first
six months of 2026 was $4,685 per ounce (compared to $3,073 per ounce for the first six months of 2025). The market spot gold price at
closing on 30 June 2026 was $4,026 per ounce (compared to $3,297 per ounce on 30 June 2025).
In addition to gold prices, AngloGold Ashanti’s gold income in any year is also influenced by its level of gold production. Gold production
levels are in turn influenced by grades, tonnages mined and processed through the plant, and metallurgical recoveries. Attributable gold
production (including non-managed joint ventures) for the six months ended 30 June 2026 was 1.47 million ounces compared to 1.52
million ounces for the six months ended 30 June 2025, a decrease of 4%.
ANNUAL GOLD PRODUCTION
Variance
(in thousands ounces, except for percentages)
H1 2026
H1 2025
Ounces
%
Africa (managed operations)
831
879
(48)
(5)%
Australia
269
261
8
3%
Americas
234
246
(12)
(5)%
Managed operations
1,334
1,386
(52)
(4)%
Non-managed joint ventures
134
138
(4)
(3)%
Group
1,468
1,524
(56)
(4)%
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June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
Consolidated Results of Operations
Six months ended 30 June 2026 compared to six months ended 30 June 2025
CONSOLIDATED INCOME STATEMENT
Six months
Six months
ended
ended
June
June
$
%
(US Dollar million, except as otherwise noted)
2026
2025
Variance
Variance
Revenue from product sales
6,340
4,408
1,932
44%
Cost of sales:
  Operating costs
(1,760)
(1,589)
(171)
11%
  Royalties
(302)
(186)
(116)
62%
  Total operating costs
(2,062)
(1,775)
(287)
16%
  Retrenchment costs
(1)
(1)
—
—%
  Rehabilitation and other non-cash costs
(29)
(19)
(10)
53%
  Amortisation of tangible assets
(556)
(510)
(46)
9%
Amortisation of right of use assets
(44)
(48)
4
(8)%
  Inventory change
(2)
(19)
17
(89)%
Cost of sales
(2,694)
(2,372)
(322)
14%
Gross profit
3,646
2,036
1,610
79%
Corporate administration, marketing and related expenses
(89)
(61)
(28)
46%
Exploration and evaluation costs
(97)
(105)
8
(8)%
(Impairment) reversal of impairment, (derecognition of assets) and profit (loss)
on disposal
(11)
25
(36)
N/M
Other (expenses) income, net
(63)
(124)
61
(49)%
Finance income
73
71
2
3%
Foreign exchange and fair value adjustments
(47)
(45)
(2)
4%
Finance costs and unwinding of obligations
(128)
(85)
(43)
51%
Share of associates and joint ventures’ profit
325
63
262
416%
Profit before taxation
3,609
1,775
1,834
103%
Taxation
(955)
(427)
(528)
124%
Profit for the period
2,654
1,348
1,306
97%
Total cash costs per ounce* (in $/oz) (1)
1,431
1,228
203
17%
All-in sustaining costs per ounce* (in $/oz) (1)
2,027
1,676
351
21%
(1)For managed operations only.
“N/M” - not meaningful
*  Refer to “Non-GAAP disclosure” for definitions and reconciliations.
Revenue from product sales
Revenue from product sales increased 44% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly as a result of an increase in gold income and an increase in by-product revenue. Gold income increased by $1,854 million, or 43%,
from $4,334 million in the six months ended 30 June 2025 to $6,188 million in the six months ended 30 June 2026, mainly due to an
increase in the average gold price received per ounce and increased gold sales in Australia, partially offset by a decrease in gold sales in
Africa and Brazil. The average gold price received per ounce for managed operations increased by $1,557 per ounce, from $3,090 per
ounce in the six months ended 30 June 2025 to $4,647 per ounce in the six months ended 30 June 2026, which resulted in an increase in
gold income of $2,077 million. Gold sold by managed operations decreased by 71,000 ounces, or 5%, from 1,403,000 ounces in the six
months ended 30 June 2025 to 1,332,000 ounces in the six months ended 30 June 2026, which resulted in a decrease in gold income of
$223 million. By-product revenue increased by $78 million, or 105%, from $74 million in the six months ended 30 June 2025 to $152
million in the six months ended 30 June 2026, mainly due to a stronger silver price, partially offset by a decrease in silver sold in Argentina.
Cost of sales
Cost of sales increased 14%, primarily due to higher royalty costs linked to the stronger average gold price received per ounce, increased
operating costs driven by inflationary pressures that mainly impacted labour, mining contractor and fuel costs, and increased amortisation
on tangible assets. For the six months ended 30 June 2026 compared to the six months ended 30 June 2025, the Brazilian real and
Australian dollar strengthened against the US dollar, while the Argentinean peso weakened against the US dollar. Collectively, foreign
exchange fluctuations resulted in an increase to cost of sales.
Total operating costs
Total operating costs increased by $287 million, or 16%, from $1,775 million in the six months ended 30 June 2025 to $2,062 million in the
six months ended 30 June 2026 primarily due to an increase in operating costs and an increase in royalties paid. Total operating costs
include operating costs (such as salaries and wages, consumable stores, explosives, reagents, logistics, fuel, power, water, contractors’
costs, services and other charges) and royalties paid.
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June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
Operating costs increased 11% for the six months ended 30 June 2026 compared to the six months ended 30 June 2025, primarily due to,
among other factors, higher labour, fuel, power and water costs, and higher mining contractors’ costs, partially offset by higher cost
capitalisation.
Royalties paid, which are generally calculated as a percentage of revenue, increased 62% for the six months ended 30 June 2026
compared to the six months ended 30 June 2025, primarily due to an increase in the average gold price received per ounce and an
increase in gold sales at Iduapriem, Tropicana,AGA Mineração and Cerro Vanguardia, partially offset by a decrease in gold sales at
Obuasi, Siguiri, Geita, Sukari and Sunrise Dam. In addition, the Company sold its Serra Grande mine on 1 December 2025, which
contributed 26,000 ounces of gold sold for the six months ended 30 June 2025.
Retrenchment costs
Retrenchment costs included in cost of sales remained unchanged at $1 million in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025.
Rehabilitation and other non-cash costs
Rehabilitation and other non-cash costs increased 53% in the six months ended 30 June 2026 compared to the six months ended 30 June
2025. This increase was primarily due to increased community investment and changes in estimates for rehabilitation provisions at Siguiri,
AGA Mineração, Obuasi and Sukari, partially offset by a decrease at Cerro Vanguardia resulting from a lower rehabilitation provision
charge.
Amortisation of tangible, right of use and intangible assets
Collectively, amortisation of tangible, right of use and intangible assets expense increased by $42 million, or 8%, from $558 million in the
six months ended 30 June 2025 to $600 million in the six months ended 30 June 2026.
Amortisation of tangible assets increased 9% for the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly due to higher amortisation at Geita (mainly due to higher deferred stripping as a result of higher contained gold from Nyamulilima
Cut 2 and higher Mineral Reserve development), at Sukari (mainly due to increased capitalised mine development costs and the impact of
purchase price adjustments finalised in the fourth quarter of 2025), at Tropicana (mainly due to an increase in tangible assets resulting
from the Havana growth project) and at Sunrise Dam (mainly due to increased deferred stripping costs), partially offset by a decrease in
amortisation at Iduapriem (mainly due to decreased deferred stripping costs resulting from the completion of the Ajopa mining area) and at
Serra Grande (sold 1 December 2025).
Amortisation of right of use assets decreased 8% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly as a result of an energy lease at Sunrise Dam being extended by one year.
Amortisation of intangible assets was less than $0.5 million for each of the six months ended 30 June 2026 and 30 June 2025.
Inventory change
The expense decrease related to inventory change was primarily due to less movement of unsold gold inventory during the first half of
2026 compared to the first half of 2025.
Corporate administration, marketing and related expenses
Corporate administration, marketing and related expenses increased 46% in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025, primarily due to an increase in direct labour costs, performance awards, consultancy costs and recruitment
fees.
Exploration and evaluation costs
Exploration and evaluation costs decreased 8% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
primarily due to a decrease in exploration in North America due to the declaration of reserves at the Arthur Gold Project in 2026, partially
offset by increased greenfield exploration in Australia, increased drilling activity at Geita and increased brownfield exploration at AGA
Mineração.
(Impairment) reversal of impairment, (derecognition of assets) and profit (loss) on disposal
(Impairment) reversal of impairment, (derecognition of assets) and profit (loss) on disposal changed from a net expense reversal of $25
million for the six months ended 30 June 2025 to a net expense of $11 million for the six months ended 30 June 2026. In the six months
ended 30 June 2025, the Company reversed $74 million (gross of taxation) prior impairment charges on its Serra Grande mine, which
were partially offset by a loss on disposal of $47 million related to the sale of the Doropo and Archean-Birimian Contact (“ABC”) projects. In
the six months ended 30 June 2026, the Company impaired $5 million of exploratory assets at La Colosa prior to its sale on 13 April 2026.
The remaining $6 million pertained to the write-down of other tangible assets.
Other (expenses) income, net
Other (expenses) income, net decreased by $61 million, from an expense of $124 million in the six months ended 30 June 2025 to an
expense of $63 million in the six months ended 30 June 2026. The lower expenses during the six months ended 30 June 2026 were
mainly due to lower legacy tailings storage facility (“TSF”) costs predominately in Brazil ($55 million), and lower contractor rate adjustments
from Africa business units ($18 million), partially offset by Centamin integration costs ($5 million), higher restructure costs ($5 million) and
higher non-recoverable VAT expenses in Brazil and Colombia ($2 million).
Finance costs and unwinding of obligations
Finance costs increased by $42 million, or 62%, from $68 million in the six months ended 30 June 2025 to $110 million in the six months
ended 30 June 2026, mainly due to $40 million in additional financing costs towards a loan with Kibali. As at 1 January 2026, the loan to
Kibali was restructured whereby the interest rate was reduced and repayment terms were amended resulting in a derecognition of the prior
loan and a recognition of a new loan in accordance with IFRS Accounting Standards. In addition, finance costs incurred on higher average
debt balances on the 2025 Geita RCF (as defined below) were partially offset by a decrease in finance costs incurred on the previous $65
million Siguiri revolving credit facility (“RCF”), which was fully repaid in October 2025. Unwinding of obligations increased by $1 million, or
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June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
6%, from $17 million in the six months ended 30 June 2025 to $18 million in the six months ended 30 June 2026, primarily due to higher
unwinding on the environmental rehabilitation, restoration and other provisions.
Share of associates and joint ventures’ profit
Share of associates and joint ventures’ profit increased by $262 million from $63 million in the six months ended 30 June 2025 to $325
million in the six months ended 30 June 2026, mainly as a result of an increase in equity earnings of $236 million at Kibali due to an
increase in gold prices, increased gold sales, lower super profits tax and increased profitability, and an increase in equity earnings of $25
million at Rand Refinery (Pty) Limited.
Taxation
A taxation expense of $427 million was recorded in the six months ended 30 June 2025, compared to a taxation expense of $955 million in
the six months ended 30 June 2026, which represents a $528 million increase. Current tax in the six months ended 30 June 2026
amounted to an expense of $929 million, compared to an expense of $421 million in the six months ended 30 June 2025, which represents
a $508 million increase. The increase in current tax was mainly due to higher taxable income resulting from the higher average gold price
per ounce received and higher withholding taxes paid, resulting from higher dividends declared. Deferred tax in the six months ended 30
June 2026 amounted to an expense of $26 million, compared to an expense of $6 million in the six months ended 30 June 2025, which
represents a $20 million increase. The increase in deferred tax was primarily attributable to higher deferred taxation raised on unremitted
earnings due to withholding taxes now applicable in Argentina and Brazil of $39 million, partially offset by previously recognised deferred
tax on unremitted earnings in Tanzania (due to higher dividends) of $21 million.
Total cash costs per ounce*
Total cash costs per ounce are impacted by costs of sales, amortisation and ounces of gold produced. See “—Non-GAAP disclosure—
Reconciliations—Note A” below for a breakout of total cash costs per ounce reconciled to cost of sales.
Overall, total cash costs per ounce for managed operations increased 17% in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025, mainly due to the 16% increase in total operating costs and decreased gold production at Obuasi, Siguiri,
Geita, Sukari and Sunrise Dam, partially offset by increased by-product revenue, increased gold production at Iduapriem, Tropicana, Cerro
Vanguardia and AGA Mineração, and the removal of Serra Grande from the operating portfolio.
All-in sustaining costs (AISC) per ounce*
All-in sustaining costs per ounce are impacted by costs of sales, sustaining capital expenditure and ounces of gold sold. See “—Non-
GAAP disclosure—Reconciliations—Note A” below for a breakout of all-in sustaining costs per ounce reconciled to cost of sales.
Overall, all-in sustaining costs per ounce for managed operations increased 21% in the six months ended 30 June 2026 compared to the
six months ended 30 June 2025, mainly due to the 16% increase in total operating costs, increased corporate administration, marketing
and related expenses, decreased gold sales at Obuasi, Siguiri, Geita, Sukari and Sunrise Dam, and an overall increase in sustaining
capital expenditure (see “—Capital Expenditures—Comparison of capital expenditure in the six months ended 30 June 2026 with the six
months ended 30 June 2025” below), partially offset by increased by-product revenue, increased gold sales at Iduapriem, Tropicana, AGA
Mineração and Cerro Vanguardia, and the removal of Serra Grande from the operating portfolio.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
Operating Results by Segments
Six months ended 30 June 2026 compared to six months ended 30 June 2025
The following discussion of operating results by segments includes references to “all-in sustaining costs per ounce” and “total cash costs
per ounce”, both of which are Non-GAAP financial measures. For a reconciliation of these Non-GAAP financial measures to the most
directly comparable GAAP financial measure, which is cost of sales, refer to “—Non-GAAP disclosure—Reconciliations—Note A” below.
For a discussion of capital expenditure by operation, refer to “—Capital Expenditures” below.
AFRICA
GOLD PRODUCED
GOLD SOLD
GOLD INCOME
(‘000 oz)
(‘000 oz)
($ million)
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
Managed operations:
  Iduapriem
91
89
2%
92
90
2%
427
278
54%
  Obuasi
111
125
(11)%
110
122
(10)%
514
376
37%
  Siguiri (1)
153
165
(7)%
154
166
(7)%
717
511
40%
  Geita
244
254
(4)%
247
265
(7)%
1,148
828
39%
  Sukari (1)
232
246
(6)%
223
253
(12)%
1,044
780
34%
831
879
(5)%
826
896
(8)%
3,850
2,773
39%
Non-managed joint venture:
  Kibali (2)
134
138
(3)%
140
135
4%
654
417
57%
Total Africa
965
1,017
(5)%
966
1,031
(6)%
4,504
3,190
41%
(1)On a consolidated basis. Siguiri and Sukari are owned 85% and 50% by AngloGold Ashanti, respectively.
(2)Equity-accounted non-managed joint venture. On an attributable basis. Kibali is owned 45% by AngloGold Ashanti.
Rounding of figures may result in computational discrepancies.
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June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
COST OF SALES
TOTAL CASH COSTS*
ALL-IN SUSTAINING COSTS*
($ million)
($/oz)
($/oz)
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
Managed operations:
  Iduapriem
220
201
9%
1,970
1,586
24%
2,879
2,099
37%
  Obuasi
233
202
15%
1,713
1,293
32%
2,569
1,945
32%
  Siguiri (1)
333
300
11%
1,946
1,595
22%
2,364
1,837
29%
  Geita
418
350
19%
1,183
985
20%
1,726
1,512
14%
  Sukari (1)
426
370
15%
1,020
750
36%
1,434
1,068
34%
1,630
1,423
15%
1,434
1,138
26%
2,007
1,565
28%
Non-managed joint venture:
  Kibali (2)
250
213
17%
1,482
1,193
24%
1,715
1,414
21%
Total Africa
1,880
1,636
15%
(1)On a consolidated basis. Siguiri and Sukari are owned 85% and 50% by AngloGold Ashanti, respectively.
(2)Equity-accounted non-managed joint venture. On an attributable basis. Kibali is owned 45% by AngloGold Ashanti.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
Rounding of figures may result in computational discrepancies.
Africa — Managed Operations
In the Africa region, gold production from managed operations decreased 5% in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025, mainly due to production declines at Obuasi, Siguiri, Geita and Sukari. Despite the decline in production,
revenue from product sales from the Africa managed operations increased by $1,081 million, or 39%, from $2,777 million in the six months
ended 30 June 2025 to 3,858 million in the six months ended 30 June 2026, mainly as a result of an increase in gold income. Gold income
increased by 39% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025. This increase was mainly due
to an increase in the average gold price received per ounce, partially offset by lower ounces of gold sold. The increase in the average gold
price received of $1,557 per ounce from the six months ended 30 June 2025 to the six months ended 30 June 2026 resulted in an increase
in gold income of $1,291 million. Gold sold decreased 8% in the six months ended 30 June 2026 compared to the six months ended 30
June 2025, which resulted in a decrease in gold income of $215 million. Gold sold decreased at Obuasi, Siguiri, Geita and Sukari. By-
product revenue increased $4 million from $4 million in the six months ended 30 June 2025 to $8 million in the six months ended 30 June
2026.
Cost of sales increased 15% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025. The increase in
costs of sales was mainly due to increased total operating costs and increased tangible asset amortisation charges. Total operating costs
increased mainly due to increased royalties linked to a stronger gold price, higher labour and mining contractor costs, increased fuel
prices, higher material stores costs and an increase in rehabilitation costs, partially offset by a decrease in services and other charges.
Total cash costs per ounce increased 26% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to an increase in total operating costs and a decrease in ounces of gold produced. All-in sustaining costs per ounce increased 28%
mainly due to an increase in total operating costs, a decrease in ounces of gold sold and an increase in sustaining capital expenditure.
Iduapriem (Ghana)
Gold production at Iduapriem marginally increased 2% in the six months ended 30 June 2026 compared to the six months ended 30 June
2025, mainly due to a 15% increase in tonnes treated year-on-year resulting from a seventeen-day plant shutdown in the first half of 2025
to investigate and repair a tear in the lining of the Beposo TSF. The benefit of the increase in tonnes treated in the six months ended 30
June 2026 was partially offset by a 12% decrease in recovered grade year-on-year due to limited high-grade ore from Block 7&8. Cost of
sales increased 9% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to increased total
operating costs, partially offset by a decrease in amortisation charges. The increase in total operating costs was mainly driven by elevated
royalties associated with increased royalty rates and the stronger gold price, increased fuel prices, and higher labour and mining contractor
costs, partially offset by the benefit of higher cost capitalised and lower grinding media costs. Amortisation was lower mainly due to lower
deferred stripping amortisation from lower contained gold at the Cut 2C mining area. Total cash costs per ounce increased 24% in the six
months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to the increase in total operating cost, partially
offset by an increased gold production. All-in sustaining costs per ounce increased 37% in the six months ended 30 June 2026 compared
to the six months ended 30 June 2025, mainly due to increases in total operating costs combined with an increase in sustaining capital
expenditure, partially offset by increased gold sales.
Obuasi (Ghana)
Gold production at Obuasi decreased 11% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to an operational disruption following a contractor fatality in April 2026 that resulted in a temporary stoppage during the second quarter
of 2026, equipment breakdowns and operator availability constraints reducing underground ore delivery to the plant. The operational
disruption constrained access to planned high grade stopes and reduced ore delivery, resulting in lower plant throughput and recovered
grade. Recovered grade decreased by 6% year-on-year driven by lower head grade and 2% lower plant recoveries. Cost of sales
increased 15% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to higher total
operating costs. The increase in total operating costs was mainly due to increased royalties linked to a stronger gold price and higher fuel
and mining contractor costs, partially offset by decreased engineering material costs due to reduced maintenance activity. Total cash costs
per ounce increased 32% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to the
increase in total operating costs and decreased gold production. All-in sustaining costs per ounce increased 32% in the six months ended
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7
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
30 June 2026 compared to the six months ended 30 June 2025, mainly due to the increase in total operating costs, increased sustaining
capital expenditure and decreased gold sales.
Siguiri (Guinea)
Gold production at Siguiri decreased 7% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to a 9% year-on-year decrease in tonnes treated due to limited capacity for tailings deposition in the first quarter of 2026 and a
planned plant shutdown and other plant maintenance decreasing plant throughput in the second quarter of 2026. Cost of sales increased
11% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to an increase in total operating
costs, partially offset by a decrease in amortisation charges. The increase in total operating costs was mainly driven by increased royalties
linked to a stronger gold price, elevated fuel prices, increased labour and mining contractor costs and higher material stores costs linked to
increased maintenance activity at the TSF. Amortisation was lower mainly due to a lower level of gold production and lower deferred
stripping amortisation. Total cash costs per ounce increased 22% in the six months ended 30 June 2026 compared to the six months
ended 30 June 2025, mainly due to the increase in total operating costs and decreased gold production. All-in sustaining costs per ounce
increased 29% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to the increase in total
operating costs, increased sustaining capital expenditure and decreased gold sales.
Geita (Tanzania)
Gold production decreased 4% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to
lower mined grades year-on-year from both open put and underground operations, partially offset by an increase in tonnes treated from
improved plant availability. The first six months of 2025 were impacted by a ball mill shutdown in the second quarter, which resulted in
lower throughput rates in the first half of 2025. Cost of sales increased 19% in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025, mainly due to an increase in total operating costs and increased amortisation charges. The increase in total
operating costs was mainly due to increased royalties linked to a stronger gold price, elevated mining contractor rates, as well as higher
stores, fuel and services costs to support increased backfilling activities, partially offset by a build-up of metal inventory and lower labour
costs. Amortisation was higher due to increased Mineral Reserve amortisation, higher deferred stripping amortisation due to higher
contained gold mined from Nyamulilima Cut 2, higher heavy machinery amortisation following the purchases of mining fleet assets and
higher amortisation of leased assets. Total cash costs per ounce increased 20% in the six months ended 30 June 2026 compared to the
six months ended 30 June 2025, mainly due to the increase in total operating costs and decreased gold production. All-in sustaining costs
per ounce increased 14% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to the
increase in total operating costs and decreased gold sales, partially offset by decreased sustaining capital expenditure.
Sukari (Egypt)
Gold production decreased 6% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to
lower mined grades from underground operations year-on-year, partially offset by improved plant throughput driven by increased ore
delivery from underground operations and improved plant availability year-on-year. Cost of sales increased 15% in the six months ended
30 June 2026 compared to the six months ended 30 June 2025, mainly due to an increase in total operating costs and increased
amortisation charges. The increase in total operating costs was mainly due to increased fuel prices, a rise in mining contractor rates and a
drawdown of metal inventory. Amortisation was higher mainly due to increased capitalised mine development costs year-over-year and the
impact of purchase price adjustments finalised in the fourth quarter of 2025. Total cash costs per ounce increased 36% in the six months
ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to the increase in total operating costs and decreased
gold production. All-in sustaining costs per ounce increased 34% in the six months ended 30 June 2026 compared to the six months ended
30 June 2025, mainly due to the increase in total operating costs, increased sustaining capital expenditure and decreased gold sales.
Africa — Non-managed Joint Venture
Kibali (Democratic Republic of the Congo)
The Kibali mine in the DRC,which is operated by Barrick Mining Corporation, was the only operating asset that was a non-managed joint
venture during each of the six months ended 30 June 2026 and 30 June 2025. Kibali is accounted for under the equity method of
accounting by AngloGold Ashanti. As a result, AngloGold Ashanti’s portion of Kibali’s earnings or losses are reported by the Company as
share of associates and joint ventures’ profit within its consolidated income statement. Gold production at Kibali (on an attributable basis)
decreased 3% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to a 2% decrease in
plant throughput and a 1% decrease in recovered grade driven by a decrease in underground ore tonnes included in the plant feed year-
on-year. The Company recorded equity earnings of $287 million in the six months ended 30 June 2026 related to its investment in Kibali,
an increase of $236 million, from $51 million in the six months ended 30 June 2025, mainly due to a 52% increase in the average gold
price received per ounce and improved profitability at Kibali.
AUSTRALIA
GOLD PRODUCED
GOLD SOLD
GOLD INCOME
(‘000 oz)
(‘000 oz)
($ million)
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
Managed operations:
  Sunrise Dam
100
122
(18)%
102
119
(14)%
476
366
30%
  Tropicana (1)
169
139
22%
170
141
21%
793
431
84%
Total Australia
269
261
3%
272
260
5%
1,269
797
59%
(1)On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti.
Rounding of figures may result in computational discrepancies.
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8
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
COST OF SALES
TOTAL CASH COSTS*
ALL-IN SUSTAINING COSTS*
($ million)
($/oz)
($/oz)
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
Managed operations:
  Sunrise Dam
257
216
19%
2,172
1,561
39%
2,589
1,889
37%
  Tropicana (1)
318
241
32%
1,419
1,376
3%
1,643
1,527
8%
  Administration and other
24
18
33%
—
—
—
—
—
—
Total Australia
599
475
26%
1,783
1,528
17%
2,087
1,764
18%
(1)On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
Rounding of figures may result in computational discrepancies.
Australia
In the Australia region, gold production (on an attributable basis) increased 3% in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025. Revenue from product sales from the Australia operations increased by $475 million, or 59%, from $800
million in the six months ended 30 June 2025 to $1,275 million in the six months ended 30 June 2026. Gold income increased 59% in the
six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to an increase in the average gold price
received per ounce and higher ounces of gold sold. The increase in the average gold price received of $1,557 per ounce from the six
months ended 30 June 2025 to the six months ended 30 June 2026 resulted in an increase in gold income of $437 million. Gold sold
increased 5% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, which resulted in an increase in
gold income of $36 million. By-product revenue increased $3 million from $3 million in the six months ended 30 June 2025 to $6 million in
the six months ended 30 June 2026.
Cost of sales increased 26% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to 
increases in total operating expenses and amortisation charges. Total operating costs increased primarily due to increased royalties linked
to a stronger gold price, higher labour and mining contractors costs, increased stores and increased fuel costs. Amortisation charges
increased mainly due to increases in tangible asset and deferred stripping amortisation, partially offset by decreased lease amortisation.
Total cash costs per ounce increased 17% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to the increase in total operating expenses, partially offset by increased gold production. All-in sustaining costs per ounce increased
18% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to an increase in total operating
expenses and increased sustaining capital expenditure, partially offset by increased gold sales.
Sunrise Dam
Gold production at Sunrise Dam decreased 18% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly due to lower mechanical availability, lower throughput and recoveries and an increase in low grade stockpiles processed. Cost of
sales increased 19% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to an increase in
total operating costs and increased amortisation charges. The increase in total operating costs was mainly due to a depletion of metal
inventory and higher mining contractor, stores and services costs, and increased royalties linked to a stronger gold price, partially offset by
a build-up of ore stockpiles. Amortisation was higher due to increased amortisation on tangible assets and deferred stripping charges,
partially offset by a decrease in lease amortisation charges. Total cash costs per ounce increased 39% in the six months ended 30 June
2026 compared to the six months ended 30 June 2025, mainly due to the increase in total operating costs and decreased gold production.
All-in sustaining costs per ounce increased 37% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly due to the increase in total operating costs, increased sustaining capital expenditure and decreased gold sales.
Tropicana
Gold production at Tropicana (on an attributable basis) increased 22% in the six months ended 30 June 2026 compared to the six months
ended 30 June 2025, mainly due to open pit recovered grade increasing year-on-year from 1.00g/t to 1.40g/t, with a greater proportion of
open pit ore mined and processed compared to the first half of 2025. Cost of sales increased 32% in the six months ended 30 June 2026
compared to the six months ended 30 June 2025, mainly due to an increase in total operating costs and increased amortisation charges.
The increase in total operating costs was mainly due to higher labour, mining contractor and stores costs, increased royalties linked to a
stronger gold price and a rise in fuel prices, partially offset by a build-up of ore stockpiles. Amortisation was higher due to increased
amortisation on tangible assets as a result of higher assets resulting from the Havana growth project. Total cash costs per ounce increased
3% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to the increase in total operating
costs, partially offset by increased gold production. All-in sustaining costs per ounce increased 8% in the six months ended 30 June 2026
compared to the six months ended 30 June 2025, mainly due to the increase in total operating costs and increased sustaining capital
expenditure, partially offset by increased gold sales.
Administration and other
Other cost of sales increased 33% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to
increased salaries, employee share compensation and community investment.
TEXT.jpg
9
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
AMERICAS
GOLD PRODUCED
GOLD SOLD
GOLD INCOME
(‘000 oz)
(‘000 oz)
($ million)
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
Managed operations:
  Cerro Vanguardia (1)
95
94
1%
97
96
1%
456
295
55%
  AGA Mineração (2)
139
126
10%
137
125
10%
613
387
58%
  Serra Grande (3)
—
26
(100)%
—
26
(100)%
—
82
(100)%
Total Americas
234
246
(5)%
234
247
(5)%
1,069
764
40%
(1)On a consolidated basis. Cerro Vanguardia is owned 92.50% by AngloGold Ashanti.
(2)Includes gold concentrate from the Cuiabá mine sold to third parties.
(3)Serra Grande was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
COST OF SALES
TOTAL CASH COSTS*
ALL-IN SUSTAINING COSTS*
($ million)
($/oz)
($/oz)
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
H1 2026
H1 2025
Variance
Managed operations:
  Cerro Vanguardia (1)
239
226
6%
760
1,305
(42)%
1,288
1,697
(24)%
  AGA Mineração (2)
225
171
32%
1,201
922
30%
1,877
1,427
32%
  Serra Grande (3)
—
68
(100)%
—
2,144
(100)%
—
3,019
(100)%
  Administration and other
—
2
(100)%
—
—
—
—
—
—
Total Americas
464
467
(1)%
1,023
1,206
(15)%
1,633
1,707
(4)%
(1)On a consolidated basis. Cerro Vanguardia is owned 92.50% by AngloGold Ashanti.
(2)Includes gold concentrate from the Cuiabá mine sold to third parties.
(3)Serra Grande was sold on 1 December 2025.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
Rounding of figures may result in computational discrepancies.
Americas
In the Americas region, gold production decreased 5% in the six months ended 30 June 2026 compared to the six months ended 30 June
2025, primarily due to the sale of Serra Grande on 1 December 2025. Revenue from product sales from the Americas operations
increased by $376 million, or 45%, from $831 million in the six months ended 30 June 2025 to $1,207 million in the six months ended 30
June 2026. Gold income increased 40% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to an increase in the average gold price received per ounce, partially offset by lower ounces of gold sold. The increase in the average
gold price received of $1,557 per ounce from the six months ended 30 June 2025 to the six months ended 30 June 2026 resulted in an
increase in gold income of $346 million. Gold sold decreased 5% in the six months ended 30 June 2026 compared to the six months
ended 30 June 2025, which resulted in a decrease in gold income of $42 million. By-product revenue increased $71 million, or 106%, from
$67 million in the six months ended 30 June 2025 to $138 million in the six months ended 30 June 2026, mainly due to a stronger silver
price, partially offset by a decrease in silver sold in Argentina.
Cost of sales marginally decreased 1% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to the sale of Serra Grande on 1 December 2025. Cost of sales at Cerro Vanguardia and AGA Mineração increased over the same
time frame mainly due to an increase in total operating expenses. Total operating costs for these two remaining operations increased
primarily due to higher royalties linked to stronger gold and silver prices, and increases in labour, mining contractor, fuel and reagents
costs. Total cash costs per ounce decreased 15% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly due to the sale of Serra Grande on 1 December 2025, an increase in by-product revenue and increased gold production at Cerro
Vanguardia and AGA Mineração, partially offset by an increase in total operating expenses at Cerro Vanguardia and AGA Mineração. All-in
sustaining costs per ounce decreased 4% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly
due to the sale of Serra Grande on 1 December 2025, an increase in by-product revenue and increased gold sales primarily at AGA
Mineração, partially offset by an increase in total operating expenses and sustaining capital expenditure at Cerro Vanguardia and AGA
Mineração.
Cerro Vanguardia (Argentina)
Gold production at Cerro Vanguardia marginally increased 1% in the six months ended 30 June 2026 compared to the six months ended
30 June 2025, mainly due to an increase in recovered grade stemming from higher mined grades at open pit and underground operations.
Cost of sales increased 6% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to an
increase in total operating costs. The increase in total operating costs was mainly due to increased royalties linked to stronger gold and
silver prices, and increases in labour, fuel and reagents costs, partially offset by lower engineering material costs. Total cash costs per
ounce decreased 42% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to higher by-
product revenue,a marginal increase in gold production and further weakening of the Argentinean peso against the US dollar, partially
offset by the increase in total operating costs. All-in sustaining costs per ounce decreased 24% in the six months ended 30 June 2026
compared to the six months ended 30 June 2025, mainly due to higher by-product revenue and further weakening of the Argentinean peso
against the US dollar, partially offset by the increase in total operating costs and increased sustaining capital expenditure.
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10
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
AGA Mineração (Brazil)
Gold production at Cuiabá (AGA Mineração) increased 10% in the six months ended 30 June 2026 compared to the six months ended 30
June 2025, mainly due to an increase in tonnes mined from underground operations, partially offset by a decrease in recovered grade due
to lower mined grades in the first six months of 2026. Cost of sales increased 32% in the six months ended 30 June 2026 compared to the
six months ended 30 June 2025, mainly due to an increase in total operating costs. The increase in total operating costs was mainly due to
increased engineering material, reagents, labour and services costs due to increased maintenance activity, raised acid prices impacting
by-product processing costs and elevated fuel prices. Total cash costs per ounce increased 30% in the six months ended 30 June 2026
compared to 30 June 2025, mainly due to the increase in total operating costs, partially offset by increased gold production. All-in
sustaining costs per ounce increased 32% in the six months ended 30 June 2026 compared to 30 June 2025, mainly due to the increase in
total operating costs and an increase in sustaining capital expenditure, partially offset by increased gold sales.
Serra Grande (Brazil)
Serra Grande was sold on 1 December 2025.
Capital Expenditures
To develop, operate and maintain its mining operations, AngloGold Ashanti spends a significant amount of funds on capital expenditure.
This capital expenditure can take the form of sustaining or non-sustaining capital expenditure. “Sustaining capital expenditure” is a Non-
GAAP financial measure comprising capital expenditure incurred to sustain and maintain existing assets at their current productive
capacity in order to achieve constant planned levels of productive output and capital expenditure to extend useful lives of existing
production assets. This includes replacement of vehicles, plant and machinery, Mineral Reserve development, deferred stripping and
capital expenditure related to financial benefit initiatives, safety, health and the environment. “Non-sustaining capital expenditure” is a Non-
GAAP financial measure comprising capital expenditure incurred at new operations and capital expenditure related to ‘major projects’ at
existing operations where these projects will materially increase production.
For a reconciliation of these Non-GAAP financial measures to the most directly comparable GAAP financial measure, which is capital
expenditure, refer to “—Non-GAAP disclosure—Reconciliations—Note C” below.
CAPITAL EXPENDITURE
Six months
Six months
ended
ended
June
June
$
%
($ in millions, except for percentages)
2026
2025
Variance
Variance
Managed operations
Africa
596
446
150
34%
  Iduapriem
82
72
10
14%
  Obuasi
121
88
33
38%
  Siguiri (1)
108
32
76
238%
  Geita
108
129
(21)
(16)%
  Sukari (1)
177
125
52
42%
Australia
91
75
16
21%
  Sunrise Dam
50
30
20
67%
  Tropicana (2)
41
45
(4)
(9)%
Americas
132
105
27
26%
AGA Mineração
85
54
31
57%
  Serra Grande (3)
—
20
(20)
(100)%
  Cerro Vanguardia (1)
47
31
16
52%
Projects
95
27
68
252%
  Colombia
2
10
(8)
(80)%
  North America
93
17
76
447%
Corporate and other
1
—
1
N/M
Total Capital Expenditure
915
653
262
40%
“N/M” - not meaningful
(1)On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively.
(2)On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti.
(3)Serra Grande was sold on 1 December 2025.
CAPITAL EXPENDITURE
Six months
Six months
ended
ended
June
June
$
%
($ in millions, except for percentages)
2026
2025
Variance
Variance
Managed operations
915
653
262
40%
  Sustaining capital expenditure*
604
485
119
25%
  Non-sustaining capital expenditure*
311
168
143
85%
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
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11
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
Comparison of capital expenditure in the six months ended 30 June 2026 with the six months
ended 30 June 2025
Capital expenditure increased 40% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025. This increase
was due to an increase of $119 million in sustaining capital expenditure and an increase of $143 million in non-sustaining capital
expenditure.
In Africa, capital expenditure increased 34% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025. At
Iduapriem in Ghana, capital expenditure increased 14% in the six months ended 30 June 2026 compared to the six months ended 30 June
2025, mainly due to higher sustaining capital expenditure driven by increased Mineral Reserve development, partially offset by lower non-
sustaining capital expenditure as a result of the completion of the Beposo TSF Phase 2 project in 2025 combined with lower expenditure
on the Teberebie relocation due to the timing of land acquisition. At Obuasi in Ghana, capital expenditure increased 38% in the six months
ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to an increase in sustaining capital expenditure related
to the acquisition of additional mining fleet and additional non-sustaining capital expenditure resulting from increased TSF activity. At Siguiri
in Guinea, capital expenditure increased 238% mainly driven by higher sustaining capital expenditure resulting from the acquisition of
additional mining fleet and increased waste stripping at the Tubani and Kami pits to unlock more ore tonnes, and additional non-sustaining
capital expenditure due to higher TSF 1 expenditure and TSF 2 feasibility study costs. At Geita in Tanzania, capital expenditure decreased
16% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025, mainly due to a decrease in sustaining
capital expenditure as new mining fleet was acquired in 2025 as well as increased investment in Mineral Reserve development in the six
months ended 30 June 2025. Capital expenditure at Sukari in Egypt increased 42% in the six months ended 30 June 2026 compared to
the six months ended 30 June 2025, mainly due to higher sustaining capital expenditure driven by fleet replacements and additions, and
increased non-sustaining capital expenditure resulting from increased waste stripping.
In Australia, capital expenditure increased 21% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025. At
Sunrise Dam, capital expenditure increased 67% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
mainly due to an increase in sustaining capital expenditure resulting from additional deferred stripping charges, timing of stay-in-business
capital expenditure and increased Mineral Reserve development, as well as increased non-sustaining capital expenditure towards various
projects. At Tropicana, capital expenditure decreased 9% in the six months ended 30 June 2026 compared to the six months ended 30
June 2025, mainly due to lower non-sustaining capital expenditure on the Havana growth project, partially offset by higher sustaining
capital expenditure on Mineral Reserve development and additional exploration expenditure.
In the Americas, capital expenditure increased 26% in the six months ended 30 June 2026 compared to the six months ended 30 June
2025. At Cuiabá (AGA Mineração) in Brazil, capital expenditure increased 57% in the six months ended 30 June 2026 compared to the six
months ended 30 June 2025, mainly due to an increase in sustaining capital expenditure with a focus on growth investment to ramp up
production. At Cerro Vanguardia in Argentina, capital expenditure, all of which was sustaining, increased 52% in the six months ended 30
June 2026 compared to the six months ended 30 June 2025, mainly due to higher deferred stripping capitalisation. Serra Grande was sold
in December 2025.
In Projects, capital expenditure increased 252% in the six months ended 30 June 2026 compared to the six months ended 30 June 2025,
primarily due to the advancement of North American initiatives.
Liquidity and Capital Resources
Comparison of cash flows in the six months ended 30 June 2026 with the six months ended
30 June 2025
Cash flows from operating activities
Cash flows from operating activities increased by $1,398 million, or 80%, from a net inflow of $1,743 million in the six months ended 30
June 2025 to a net inflow of $3,141 million in the six months ended 30 June 2026. The increase in cash flows from operating activities was
mainly due to a higher average gold price received per ounce and higher dividends received from joint ventures, partially offset by lower
gold sold volumes, higher total operating costs and increased tax payments.
Net cash outflow from working capital items amounted to $161 million in the six months ended 30 June 2026, compared with a net cash
outflow of $308 million in the six months ended 30 June 2025. The decrease in outflow from working capital items related mainly to an
increase in trade, other receivables and other assets, and an increase in inventories, partially offset by an increase in trade and other
payables. Movement in working capital are generally timing-related.
Trade, other receivables and other assets were also impacted by ongoing movements in value added tax (“VAT”) recoveries at Geita in
Tanzania as well as foreign exchange controls at Cerro Vanguardia (“CVSA”) in Argentina. In Tanzania, net overdue recoverable VAT input
credit refunds (after discounting provisions) increased by $13 million, or 8%, from $171 million at 31 December 2025 to $184 million at 30
June 2026, as a result of new claims of $48 million submitted to the Tanzania Revenue Authority in the six months ended 30 June 2026,
reduced by verified VAT claims of $31 million offset against corporate tax payments and revaluation and discounting adjustments of $4
million. AngloGold Ashanti expects to continue offsetting eligible VAT claims against corporate taxes as part of its recovery strategy. In
Argentina, CVSA’s cash balance increased by $72 million (equivalent), or 74%, from $97 million (equivalent) at 31 December 2025 to $169
million (equivalent) at 30 June 2026. The cash remains fully available for Cerro Vanguardia’s operational and exploration requirements.
During the second quarter of 2026, CVSA’s 2025 local financial statements were completed, and the relevant dividend distribution was
approved. All offshore dividends related to 2025 of $176 million were paid during the second quarter of 2026 by utilising a currency swap
mechanism to secure the required US dollars.
Dividends received from joint ventures increased by $172 million from $18 million in the six months ended 30 June 2025 to $190 million in
the six months ended 30 June 2026. In this connection, cash flows from operating activities were impacted by the level of cash repatriation
from, and movements in the VAT lock-up at, the Kibali joint venture in the DRC. During the six months ended 30 June 2026, AngloGold
Ashanti’s cumulative cash receipts from the Kibali joint venture amounted to $256 million, of which $190 million (net of withholding taxes)
were in the form of dividends and $66 million were in the form of loan repayments (net of bank fees). This compares to cumulative cash
receipts of $95 million received by AngloGold Ashanti in the six months ended 30 June 2025 from the Kibali joint venture consisting of
dividends of $18 million (net of withholding taxes) and $77 million in loan repayments (net of bank fees). AngloGold Ashanti’s attributable
TEXT.jpg
12
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
share of the outstanding cash balances awaiting repatriation from the DRC decreased by $50 million, or 45%, from $110 million at 31
December 2025 to $60 million at 30 June 2026. The cash is fully available for the operational requirements of the Kibali joint venture. In
addition, the Kibali joint venture is due certain refunds of VAT which, to date, remain outstanding. During the six months ended 30 June
2026, AngloGold Ashanti did not recover any VAT offsets or refunds from its operations in the DRC. AngloGold Ashanti’s attributable share
of the net recoverable VAT balance (including recoverable fuel duty and after discounting provisions) owed to AngloGold Ashanti by the
DRC government increased by $14 million, or 22%, from $63 million at 31 December 2025 to $77 million at 30 June 2026. This increase
was driven by $15 million in new claims submitted and a $2 million decrease in the discounting provision, partially offset by $3 million in
revaluation adjustments.
Net taxation paid increased by $520 million, or 160%, from $325 million in the six months ended 30 June 2025 to $845 million in the six
months ended 30 June 2026. The increase in net taxation paid was mainly due to higher taxable income due to the increase in the
average gold price received per ounce, higher top up provisional taxes for the prior year, Obuasi now making quarterly tax payments and
higher withholding taxes paid resulting from higher dividends declared.
Cash flows from investing activities
Cash flows from investing activities amounted to a net outflow of $836 million in the six months ended 30 June 2026, which was $353
million, or 73%, higher than a net outflow of $483 million in the six months ended 30 June 2025. The increase was mainly due to higher
capital expenditure on tangible assets of approximately $262 million, approximately $67 million towards the purchases of shares in Gold
X2 Mining Inc. and Thesis Gold & Silver Inc., approximately $15 million less in proceeds received on the disposition of certain of the
Company’s mining interests, a $9 million increase in restricted cash balances and an $11 million decrease in loan repayments from Kibali,
partially offset by an $8 million increase in interest received on the Company’s cash balances.
As it pertains to the approximately $15 million decrease in proceeds received on the disposition of the Company’s mining interests, in the
six months ended 30 June 2026, the Company received approximately $10 million in proceeds towards the sale of AngloGold Ashanti
Colombia S.A.S., which owned the La Colosa project in the Department of Tolima in Colombia. In the six months ended 30 June 2025, the
Company received approximately $25 million in proceeds upon the sale of its interest in the Doropo and ABC projects in Côte d’Ivoire.
Cash flows from financing activities
Cash flows from financing activities amounted to a net outflow of $2,422 million in the six months ended 30 June 2026, which was a
change of $1,780 million from a net outflow of $642 million in the six months ended 30 June 2025. The increase in outflow was mainly due
to higher dividends paid to external shareholders and distributions to non-controlling interests, increased finance costs on borrowings,
higher repayments of borrowings and lower proceeds from borrowings.
Cash inflows from proceeds from borrowings decreased by $86 million, from $285 million in the six months ended 30 June 2025 to $199
million in the six months ended 30 June 2026. During the six months ended 30 June 2025, the Company made drawdowns of $285 million
on the 2025 Geita RCF, of which $180 million was in USD and the remaining $105 million (equivalent) was in Tanzanian shillings. During
the six months ended 30 June 2026, the Company made further drawdowns of $199 million on the 2025 Geita RCF, of which $148 million
was in USD and the remaining $51 million (equivalent) was in Tanzanian shillings.
Cash outflows from repayment of borrowings increased by $470 million, from $180 million in the six months ended 30 June 2025 to $650
million in the six months ended 30 June 2026. During the six months ended 30 June 2025, there was a full repayment of $180 million on
the $1.4 billion 2022 multi-currency RCF. During the six months ended 30 June 2026, the Group repurchased and cancelled approximately
$558 million principal amount of its outstanding 2028 Notes (as defined below) and $107 million principal amount of its outstanding 2030
Notes (as defined below) for $650 million (exclusive of accrued interest).
Finance costs paid on borrowings increased by $7 million, from $54 million in the six months ended 30 June 2025 to $61 million in the six
months ended 30 June 2026, primarily due to increased interest payments on higher borrowings on the 2025 Geita RCF, partially offset by
lower interest payments on the previous $65 million Siguiri RCF, which was fully repaid in October 2025, and less interest payments on the
Group’s outstanding bonds, a portion of which were repurchased in the six months ended 30 June 2026.
Dividends paid to external shareholders and distributions to non-controlling interests increased by $1,214 million, from $639 million in the
six months ended 30 June 2025 to $1,853 million in the six months ended 30 June 2026. Dividends paid to AngloGold Ashanti’s
shareholders increased by $1,045 million, from $411 million in the six months ended 30 June 2025 to $1,456 million in the six months
ended 30 June 2026. Distributions paid to non-controlling interests increased by $168 million, from $229 million in the six months ended 30
June 2025 to $397 million in the six months ended 30 June 2026. The Company made distributions of $355 million and $207 million to the
non-controlling interests of Sukari in the six months ended 30 June 2026 and 30 June 2025, respectively. The remaining distributions were
paid by Siguiri to its  non-AGA related shareholder.
Liquidity
To service the capital commitments and other operational requirements, AngloGold Ashanti is dependent on existing cash resources, cash
generated from operations and borrowings (in the form of bonds and credit facilities).
AngloGold Ashanti intends to finance its capital expenditure, capital lease obligations, other purchase obligations, environmental
rehabilitation expenditures and debt repayment requirements in 2026 from cash on hand, cash flow from operations, existing credit
facilities and, potentially, if deemed appropriate, long-term debt financing and the issuance of equity and equity-linked instruments. As part
of the management of liquidity, funding and interest rate risk, management regularly evaluates market conditions and may enter into
transactions, from time to time, to repurchase outstanding debt, pursuant to open market purchases, privately negotiated transactions,
tender offers or other means. In management’s opinion, AngloGold Ashanti’s working capital is sufficient to meet the Company’s present
requirements.
Total borrowings (including lease liabilities) decreased by $480 million, or 21%, from $2,258 million at 31 December 2025 to $1,778 million
at 30 June 2026. AngloGold Ashanti’s cash and cash equivalents (net of bank overdraft) decreased by $113 million, or 4%, from $2,882
million at 31 December 2025 to $2,769 million at 30 June 2026. On 16 April 2026, the Group completed the repurchase of approximately
$666 million principal amount of its outstanding bonds. This buyback has reduced gross debt and future interest obligations, and lowered
maturities in 2028 and 2030, enhancing financial flexibility through the cycle.
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Form 6-K continued
In addition, On 17 February 2025, Geita Gold Mining Limited, as borrower, completed the negotiation of a new three-year unsecured multi-
currency revolving credit facility with Nedbank Limited (“Nedbank”), as underwriter and agent, and certain financial institutions party thereto
(the “2025 Geita RCF”). The 2025 Geita RCF originally consisted of a Tanzanian shilling component capped at TZS 189.6 billion, bearing
interest at the Tanzanian treasury bill rate plus a 5% margin, with a floor of 12.5% and a ceiling of 17.5%, and a USD component capped at
$200 million, bearing interest at Term SOFR plus a margin of 6.7% and a credit adjustment spread. On 13 March 2025, the TZS portion
was increased by TZS 97.0 billion to TZS 286.6 billion. In connection with this increase, the USD portion was decreased by $15 million to
$185 million. On 1 June 2026, the USD portion was increased by $143.8 million, from $185 million to $328.8 million, and the TZS portion
was increased by TZS 131.5 billion, from TZS 286.6 billion to TZS 418.1 billion (equivalent to approximately $158 million). As of 30 June
2026, the 2025 Geita RCF was fully drawn for in-country general working capital requirements.
At 30 June 2026, the Company’s overall liquidity was approximately $4.2 billion and consisted of:
•cash and cash equivalents (net of bank overdraft) of $2,769 million;
•the $1.4 billion 2022 multi-currency RCF which was undrawn; and
•the $65 million 2025 Siguiri RCF which was undrawn.
AngloGold Ashanti had no other committed lines of credit as of 30 June 2026.
At 30 June 2026, the Company was in compliance with all debt covenants and provisions related to potential defaults under its bonds and
credit facilities.
Supplemental parent guarantor and subsidiary issuer financial information
AngloGold Ashanti Holdings plc (the “Issuer”), a direct wholly-owned subsidiary of AngloGold Ashanti plc (the “Guarantor”), has issued
three series of outstanding debt securities which are each fully and unconditionally guaranteed by the Guarantor (the “guaranteed debt
securities”). The Issuer is a company incorporated under the laws of the Isle of Man that holds all of AngloGold Ashanti’s operations and
assets (except for the remaining South African assets and liabilities). Following the cash tender offer described below, the guaranteed debt
securities outstanding as of 30 June 2026 consisted of:
•a 7-year bond, with a maturity date of 1 November 2028 and a fixed coupon of 3.375% payable semi-annually, with an aggregate
outstanding principal amount of $191 million (the “2028 Notes”);
•a 10-year bond, with a maturity date of 1 October 2030 and a fixed coupon of 3.750% payable semi-annually, with an aggregate
outstanding principal amount of $593 million (the “2030 Notes”); and
•a 30-year bond, with a maturity date of 15 April 2040 and a fixed coupon of 6.500% payable semi-annually, with an aggregate
outstanding principal amount of $300 million (the “2040 Notes”).
On 30 March 2026, the Issuer launched a capped cash tender offer for up to $650 million aggregate purchase price (excluding accrued
interest) (“Aggregate Cap”) for part of its 2028 Notes, 2030 Notes and 2040 Notes. The Aggregate Cap was met and in accordance with
the terms and conditions of the capped cash tender offer, on 16 April 2026, the Issuer purchased $558 million principal amount of the 2028
Notes, $107 million principal amount of the 2030 Notes and none of the 2040 Notes. The purchased notes were then cancelled on the
same day. The purpose of the tender offer was to utilise available cash and reduce the overall principal amount of debt.
The Guarantor fully and unconditionally guarantees the payment of the principal of, premium, if any, and interest on each of the
guaranteed debt securities, including any additional amounts, when and as any such payments become due, whether at maturity, upon
redemption or declaration of acceleration, or otherwise. Each guarantee constitutes unsecured and unsubordinated debt of the Guarantor
and ranks equally with all of its other unsecured and unsubordinated debt from time to time outstanding. Each guarantee is or will be
effectively subordinated to any of the Guarantor’s existing and future secured debt, to the extent of the value of the assets securing such
debt, and structurally subordinated to all of the existing and future liabilities (including trade payables) of each of the Guarantor’s
subsidiaries (other than the Issuer). As at 30 June 2026, all of the debt of the Guarantor was unsecured. Under the terms of each full and
unconditional guarantee, holders of the guaranteed debt securities will not be required to exercise their remedies against the Issuer before
they proceed directly against the Guarantor.
The following summarised financial information reflects, on a combined basis, the assets, liabilities, and results of operations of the Issuer
and the Guarantor (collectively, the “Obligor Group”). Intercompany balances and transactions within the Obligor Group have been
eliminated. Amounts attributable to the Obligor Group’s investment in consolidated subsidiaries that have not issued or guaranteed the
guaranteed debt securities (the “Non-Obligor Subsidiaries”) have been excluded. The Obligor Group’s amounts due from, amounts due to
and transactions with Non-Obligor Subsidiaries have been separately disclosed, if considered to be material. The summarised financial
information below should be read in conjunction with AngloGold Ashanti’s unaudited condensed consolidated interim financial statements
as at and for the six-month period ended 30 June 2026.
Income statement information
Obligor Group (1)
Six months
Year
ended
ended
Jun
Dec
US Dollar millions
2026
2025
Net intergroup dividends, interest, royalties and fees with Non-Obligor Subsidiaries
—
4
Loss for the period
(167)
(213)
(1)The Guarantor’s principal activity is to act as a holding company for AngloGold Ashanti’s operations and had no revenue or costs related to sales for the six months
ended 30 June 2026 and the financial year ended 31 December 2025. As a result, cost of sales and gross profit are not presented. The principal activity of the
Issuer is to act as a holding company for all of AngloGold Ashanti’s operations and assets (except for the remaining South African assets and liabilities).
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June 2026 Interim Report
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June | 2026
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Form 6-K continued
Statement of financial position information
Obligor Group
As at
As at
Jun
Dec
US Dollar millions
2026
2025
ASSETS
Current assets
Receivables due from Non-Obligor Subsidiaries
1,633
1,715
Receivables due from other related parties
60
133
Other current assets
1,445
1,707
3,138
3,555
Non-current assets
Receivables due from other related parties
173
200
Other non-current assets
16
17
189
217
LIABILITIES
Current liabilities
Payables due to Non-Obligor Subsidiaries
491
623
Other current liabilities
12
25
503
648
Non-current liabilities
1,073
1,732
Safety update
The Total Recordable Injury Frequency Rate (“TRIFR”), the broadest measure of workplace safety, decreased by 14% to 0.82 injuries per
million hours worked for the first half of 2026, compared to 0.95 injuries per million hours worked for the first half of 2025. However, on 24
April 2026, a contractor at Obuasi was fatally injured following a release of waste material from an underground ore pass. An investigation
into the incident has been completed and work is underway to implement corrective actions. The family and colleagues affected by this
tragedy are receiving ongoing support. While our injury rates remain well below industry averages, the incident at Obuasi underscored the
importance of continued vigilance in the face of workplace hazards.
Capital projects update
Arthur Gold Project
During the first quarter of 2026, the Company published the Technical Report Summary on the Pre-Feasibility Study for the Arthur Gold
Project in Nevada. The study declared an initial Probable Mineral Reserve of 4.9Moz of gold (88Mt at 1.75g/t), establishing the project as a
cornerstone of the Company’s US growth platform. The Technical Report Summary on the Pre-Feasibility Study for the Arthur Gold Project
was filed as an exhibit to the Company’s 2025 Form 20-F.
Corporate update
Issued share capital
As at 30 July 2026, the total issued ordinary share capital of the Company consisted of 505,769,256 ordinary shares of $1.00 each. Each
AngloGold Ashanti ordinary share carries one voting right. The Company does not hold any of its ordinary shares in treasury.
This figure may be used by AngloGold Ashanti shareholders to determine whether they are required to notify their interest, or a change to
their interest, in the Company under its Articles of Association or to comply with any other applicable laws and regulations.
Proposed share repurchase programme
On 23 July 2026, the Company’s shareholders approved a proposed share repurchase programme for AngloGold Ashanti’s ordinary
shares of up to $2.0 billion. The implementation of the proposed share repurchase programme remains, among other things, subject to
receiving any applicable regulatory approvals. There can be no certainty as to whether the Company will repurchase any of its ordinary
shares, or as to the amount of any such repurchases, or the prices at which such repurchases may be made, or the exchanges on which
such repurchases may be made.
The implementation of the proposed share repurchase programme (including the timing, price and number of AngloGold Ashanti ordinary
shares repurchased) will depend on a number of factors, such as the Company’s financial performance, availability of cash flows, business
and market conditions, and legal and regulatory requirements, and will be subject to the Company’s discretion. The proposed share
repurchase programme does not obligate AngloGold Ashanti to acquire any particular number of its ordinary shares, and the proposed
share repurchase programme may be initiated, suspended or discontinued at any time without prior notice.
Sale of the La Colosa Project
On 13 April 2026, AngloGold Ashanti completed the sale of AngloGold Ashanti Colombia S.A.S., which owns the La Colosa project in the
Department of Tolima in Colombia, to Mineros S.A. for a cash consideration of approximately $10 million and an additional contingent
consideration of up to $60 million (linked to the total tonnage of mineral ore authorised under an approved work plan and environmental
licence).
Change to Board Committee
Effective 7 May 2025, Mr. Bruce Cleaver was appointed as a member of the Nominations and Governance Committee. He continues to
serve as Chair of the Social, Ethics and Sustainability Committee and as a member of the Audit and Risk Committee.
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June 2026 Interim Report
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Form 6-K continued
Group – Income Statement
Note
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions, except as otherwise noted
Unaudited
Unaudited
Revenue from product sales
2
6,340
4,408
Cost of sales
3
(2,694)
(2,372)
Gross profit
3,646
2,036
Corporate administration, marketing and related expenses
(89)
(61)
Exploration and evaluation costs
(97)
(105)
(Impairment) reversal of impairment, (derecognition of assets) and profit (loss) on disposal
(11)
25
Other (expenses) income
(63)
(124)
Finance income
73
71
Foreign exchange and fair value adjustments
(47)
(45)
Finance costs and unwinding of obligations
4
(128)
(85)
Share of associates and joint ventures’ profit (1)
325
63
Profit before taxation
3,609
1,775
Taxation
5
(955)
(427)
Profit for the period
2,654
1,348
Attributable to:
Equity shareholders
2,283
1,112
Non-controlling interests
371
236
2,654
1,348
Basic earnings per ordinary share (US cents) (2)
448
219
Diluted earnings per ordinary share (US cents) (3)
447
219
(1)The increase in share of associates and joint ventures’ profit is mainly due to increased profitability at Kibali.
(2)Calculated on the weighted average number of ordinary shares.
(3)Calculated on the diluted weighted average number of ordinary shares.
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Form 6-K continued
Group – Statement Of Comprehensive Income
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions, except as otherwise noted
Unaudited
Unaudited
Profit for the period
2,654
1,348
Items that will be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations
27
41
Items that will not be reclassified subsequently to profit or loss:
Fair value of equity securities through other comprehensive income
(17)
28
Actuarial gain recognised
—
1
Deferred taxation thereon
3
—
(14)
29
Other comprehensive income for the period, net of tax
13
70
Total comprehensive income for the period, net of tax
2,667
1,418
Attributable to:
Equity shareholders
2,296
1,182
Non-controlling interests
371
236
2,667
1,418
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Form 6-K continued
Group – Statement Of Financial Position
Note
As at
As at
June
December
2026
2025
US Dollar millions, except as otherwise noted
Unaudited
Audited
ASSETS
Non-current assets
Tangible assets
8,888
8,515
Right of use assets
177
187
Intangible assets
111
106
Investments in associates and joint ventures
861
726
Other investments (1)
90
12
Loan receivable (2)
173
200
Inventories
222
175
Trade, other receivables and other assets (3)
208
249
Contingent consideration
72
60
Reimbursive right for post-retirement benefits
53
51
Deferred taxation
126
106
Cash restricted for use
46
44
11,027
10,431
Current assets
Loan receivable (2)
60
133
Inventories
1,063
1,076
Trade, other receivables and other assets (3)
557
426
Contingent consideration
40
62
Cash restricted for use
25
23
Cash and cash equivalents
2,782
2,905
Assets held for sale
—
22
4,527
4,647
Total assets
15,554
15,078
EQUITY AND LIABILITIES
Share capital and premium
571
554
Accumulated profit (loss) and other reserves
8,386
7,537
Shareholders’ equity
8,957
8,091
Non-controlling interests
1,783
1,825
Total equity
10,740
9,916
Non-current liabilities
Borrowings
7
1,559
2,025
Lease liabilities
7
156
155
Environmental rehabilitation and other provisions
702
687
Provision for pension and post-retirement benefits
64
61
Trade and other payables
14
14
Deferred taxation
647
600
3,142
3,542
Current liabilities
Borrowings
7
12
19
Lease liabilities
7
51
59
Environmental rehabilitation and other provisions
142
131
Trade and other payables
1,048
1,001
Taxation
406
377
Bank overdraft
13
23
Liabilities held for sale
—
10
1,672
1,620
Total liabilities
4,814
5,162
Total equity and liabilities
15,554
15,078
(1)The increase in non-current other investments is mainly due to the purchase of shares in Gold X2 Mining Inc. and Thesis Gold & Silver Inc. of $67m.
(2)The decrease in the loan receivable is mainly due to the loss on  restructuring of the Kibali loan of $40m and repayments of $66m.
(3)The increase in trade, other receivables and other assets is mainly as a result of an increase in prepayments of $60m, current taxation asset of $27m and other
recoverable taxes of $29m, partly offset by a decrease in trade receivables of $46m.
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June 2026 Interim Report
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Form 6-K continued
Group – Statement Of Cash Flows
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Note
Unaudited
Unaudited
Cash flows from operating activities
Cash generated from operations
8
3,796
2,050
Dividends received from joint ventures
190
18
Taxation paid
(845)
(325)
Net cash inflow from operating activities
3,141
1,743
Cash flows from investing activities
Capital expenditure on tangible and intangible assets
(915)
(653)
Proceeds from disposal of tangible assets
1
—
Proceeds from disposal of subsidiary, net of cash disposed
9
25
Contingent consideration received
19
19
Other investments and assets acquired (1)
(67)
(3)
(Increase) decrease in cash restricted for use
(2)
7
Interest received
53
45
Repayment of loans advanced to joint ventures
66
77
Net cash outflow from investing activities
(836)
(483)
Cash flows from financing activities
Proceeds from borrowings
199
285
Repayment of borrowings
(650)
(180)
Repayment of lease liabilities
(45)
(46)
Finance costs - borrowings
(61)
(54)
Finance costs - leases
(9)
(8)
Other borrowing costs
(3)
—
Dividends paid to external shareholders and distributions to non-controlling interests
(1,853)
(639)
Net cash outflow from financing activities
(2,422)
(642)
Net (decrease) increase in cash and cash equivalents
(117)
618
Translation
4
(9)
Reclassification to disposal group held for sale
—
(20)
Cash and cash equivalents at beginning of period (net of bank overdraft)
2,882
1,397
Cash and cash equivalents at end of period (net of bank overdraft)
2,769
1,986
(1)This relates to the purchase of shares in Gold X2 Mining Inc. and Thesis Gold & Silver Inc.
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June 2026 Interim Report
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Form 6-K continued
Group – Statement Of Changes In Equity
Share
capital and
premium
Reorganisation
reserve
Other
capital
reserves
(Accumulated
losses)
Retained
earnings
Fair value
through
OCI
Actuarial
(losses)
gains
Foreign
currency
translation
reserve (1)
Total
Non-
controlling
interests
Total
equity
US Dollar millions, except as otherwise
noted
Balance at 31 December 2024 Audited
526
8,811
80
(1,316)
19
1
(1,492)
6,629
1,884
8,513
Profit for the period
—
—
—
1,112
—
—
—
1,112
236
1,348
Other comprehensive income
—
—
—
—
28
1
41
70
—
70
Total comprehensive income
—
—
—
1,112
28
1
41
1,182
236
1,418
Employee share scheme issues
23
(23)
—
—
—
—
—
—
—
Employee settled share-based payments
—
—
16
—
—
—
—
16
—
16
Dividends paid
—
—
—
(411)
—
—
—
(411)
—
(411)
Distributions paid to non-controlling
interests
—
—
—
—
—
—
—
—
(245)
(245)
Balance at 30 June 2025 Unaudited
549
8,811
73
(615)
47
2
(1,451)
7,416
1,875
9,291
Balance at 31 December 2025 Audited
554
8,811
92
76
2
(1)
(1,443)
8,091
1,825
9,916
Profit for the period
—
—
—
2,283
—
—
—
2,283
371
2,654
Other comprehensive income
—
—
—
(14)
27
13
—
13
Total comprehensive income
—
—
—
2,283
(14)
—
27
2,296
371
2,667
Employee share scheme issues
17
—
(17)
—
—
—
—
—
—
—
Equity settled share-based payments
—
—
26
—
—
—
—
26
—
26
Dividends paid
—
—
—
(1,456)
—
—
—
(1,456)
—
(1,456)
Distributions paid to non-controlling
interests
—
—
—
—
—
—
—
—
(413)
(413)
Transfer from reserve to retained
earnings
—
—
—
(1)
1
—
—
—
—
—
Balance at 30 June 2026 Unaudited
571
8,811
101
902
(11)
(1)
(1,416)
8,957
1,783
10,740
(1)Foreign currency translation reserve includes a loss of $1,411m (December 2025: $1,411m; June 2025: $1,411m) that will not re-cycle through the income
statement, and a loss of $5m (December 2025: $32m; June 2025: $40m) relating to foreign operations that will re-cycle through the income statement on disposal.
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June 2026 Interim Report
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June | 2026
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Form 6-K continued
Segmental reporting
AngloGold Ashanti’s operating segments are being reported based on the financial information regularly provided to the Chief Executive
Officer and the Executive Committee, collectively identified as the Chief Operating Decision Maker (CODM). Individual members of the
Executive Committee are responsible for geographic regions of the business.
Under the Group’s operating model, the financial results and the composition of the operating segments are reported to the CODM per
geographical region and the Projects segment which comprises all the major non-sustaining capital projects with the potential to be
developed into operating entities.
In addition to the geographical reportable segments structure, the Group has voluntarily disaggregated and disclosed the financial
information on a line-by-line basis for each mining operation to facilitate comparability of mine performance.
Gold income
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
AFRICA
4,504
3,190
Kibali - Attributable 45%
654
417
Iduapriem
427
278
Obuasi
514
376
Siguiri
717
511
Geita
1,148
828
Sukari
1,044
780
AUSTRALIA
1,269
797
Sunrise Dam
476
366
Tropicana - Attributable 70%
793
431
AMERICAS
1,069
764
Cerro Vanguardia
456
295
AngloGold Ashanti Mineração (1)
613
387
Serra Grande
—
82
6,842
4,751
Equity-accounted joint venture included above
(654)
(417)
6,188
4,334
(1)Includes income from sale of gold concentrate, see note 2.
By-product revenue
US Dollar millions
Unaudited
Unaudited
AFRICA
10
5
Kibali - Attributable 45%
2
1
Obuasi
—
1
Geita
4
2
Sukari
4
1
AUSTRALIA
6
3
Sunrise Dam
2
1
Tropicana - Attributable 70%
4
2
AMERICAS
138
67
Cerro Vanguardia
128
58
AngloGold Ashanti Mineração
10
9
154
75
Equity-accounted joint venture included above
(2)
(1)
152
74
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Form 6-K continued
Cost of sales
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
AFRICA
1,880
1,636
Kibali - Attributable 45%
250
213
Iduapriem
220
201
Obuasi
233
202
Siguiri
333
300
Geita
418
350
Sukari
426
370
AUSTRALIA
599
475
Sunrise Dam
257
216
Tropicana - Attributable 70%
318
241
Administration and other
24
18
AMERICAS
464
467
Cerro Vanguardia
239
226
AngloGold Ashanti Mineração
225
171
Serra Grande
—
68
Administration and other
—
2
CORPORATE AND OTHER
1
7
2,944
2,585
Equity-accounted joint venture included above
(250)
(213)
2,694
2,372
Gross profit (1)
US Dollar millions
Unaudited
Unaudited
AFRICA
2,634
1,559
Kibali - Attributable 45%
406
205
Iduapriem
207
76
Obuasi
282
175
Siguiri
384
211
Geita
733
480
Sukari
622
412
AUSTRALIA
676
325
Sunrise Dam
221
151
Tropicana - Attributable 70%
479
192
Administration and other
(24)
(18)
AMERICAS
743
364
Cerro Vanguardia
345
128
AngloGold Ashanti Mineração
398
225
Serra Grande
—
13
Administration and other
—
(2)
CORPORATE AND OTHER
(1)
(7)
4,052
2,241
Equity-accounted joint venture included above
(406)
(205)
3,646
2,036
(1)The Group’s segmental profit measure is gross profit, which excludes the results of associates and joint ventures. For the reconciliation of gross profit to profit for
the period, refer to the Group income statement.
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Form 6-K continued
Amortisation
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
AFRICA
454
428
Kibali - Attributable 45%
46
47
Iduapriem
34
56
Obuasi
40
42
Siguiri
26
33
Geita
112
81
Sukari
196
169
AUSTRALIA
109
76
Sunrise Dam
35
29
Tropicana - Attributable 70%
73
47
Administration and other
1
—
AMERICAS
80
99
Cerro Vanguardia
33
37
AngloGold Ashanti Mineração
47
48
Serra Grande
—
14
CORPORATE AND OTHER
3
2
646
605
Equity-accounted joint venture included above
(46)
(47)
600
558
Capital expenditure
US Dollar millions
Unaudited
Unaudited
AFRICA
697
510
Kibali - Attributable 45%
101
64
Iduapriem
82
72
Obuasi
121
88
Siguiri
108
32
Geita
108
129
Sukari
177
125
AUSTRALIA
91
75
Sunrise Dam
50
30
Tropicana - Attributable 70%
41
45
AMERICAS
132
105
Cerro Vanguardia
47
31
AngloGold Ashanti Mineração
85
54
Serra Grande
—
20
PROJECTS
95
27
Colombian projects
2
10
North American projects
93
17
CORPORATE AND OTHER
1
—
1,016
717
Equity-accounted joint venture included above
(101)
(64)
915
653
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Form 6-K continued
Total assets
As at
As at
June
December
2026
2025
US Dollar millions
Unaudited
Audited
AFRICA
9,888
9,294
Kibali - Attributable 45%
1,017
981
Iduapriem
735
668
Obuasi
1,710
1,617
Siguiri
730
700
Geita
1,364
1,283
Sukari
4,321
4,034
Administration and other
11
11
AUSTRALIA
1,152
1,115
AMERICAS
1,744
1,712
Cerro Vanguardia
623
560
AngloGold Ashanti Mineração
967
1,080
Administration and other
154
72
PROJECTS
1,063
975
Colombian projects
100
117
North American projects
963
858
CORPORATE AND OTHER
1,707
1,982
15,554
15,078
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Form 6-K continued
Notes
for the six months ended 30 June 2026
1 Basis of preparation
These condensed consolidated interim financial statements of AngloGold Ashanti plc (“AngloGold Ashanti” or the “Group”) have been
prepared in compliance with IAS 34 “Interim Financial Reporting” as issued by the International Accounting Standards Board (“IASB”).
These condensed consolidated interim financial statements should be read in conjunction with the Group’s audited consolidated financial
statements and the notes thereto as at and for the year ended 31 December 2025.
The condensed consolidated interim financial statements in this report have been prepared in accordance with the historical cost
convention, except for certain financial instruments, which are stated at fair value. The Group’s accounting policies used in the preparation
of these condensed consolidated interim financial statements are consistent with those used in the Group’s audited financial statements as
at and for the year ended 31 December 2025.
1.2. Error in the classification of deferred taxation assets and liabilities and current taxation liability
During the prior year, the Group identified a prior period error relating to the classification of deferred taxation assets and liabilities and
current taxation liability, with regards to its operations in Brazil. The error arose as a result of an incorrect accounting and associated tax
treatment for Mineral Reserve development and brownfields exploration costs in the local statutory accounts, resulting in an
understatement of the current tax liability for the financial years 2020 to 2024. After consultation with external tax and legal advisors, the
total outstanding tax liability for the financial years 2020 to 2024 was quantified and fully settled in December 2025.
The impact of the revision on the Taxation note for the six months ended 30 June 2025 is detailed below. The impact on the statement of
financial position was disclosed in the consolidated financial statements for the year ended 31 December 2025. The revision had no impact
on the Group’s debt, the financial maintenance covenants in its credit facilities or its income statement and statement of cash flows. The
Group determined the error is not material.
Six months ended 30 June 2025
US Dollar millions
Previously reported
Adjustments
Revised
Taxation (Note 5)
Current year
409
21
430
Current taxation
400
21
421
Current year
26
(21)
5
Deferred taxation
27
(21)
6
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Form 6-K continued
2 Revenue from product sales
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
Gold income (1)
6,188
4,334
Spot market sales
6,038
4,337
Concentrate sales (2)
150
(3)
By-products (1)
152
74
Revenue from product sales
6,340
4,408
(1)The disaggregation of revenue from contracts with customers by primary geographical region is described in the segmental reporting note.
(2)There have been no material provisional price adjustments for the six months ended 30 June 2026 and 30 June 2025.
3 Cost of sales
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
Salaries and wages
427
395
Stores and other consumables
468
468
Fuel, power and water
329
266
Mining contractors
501
389
Other
35
71
Operating costs
1,760
1,589
Royalties
302
186
Total operating costs
2,062
1,775
Retrenchment costs
1
1
Rehabilitation and other non-cash costs
29
19
Amortisation of tangible assets
556
510
Amortisation of right of use assets
44
48
Inventory change
2
19
2,694
2,372
4 Finance costs and unwinding of obligations
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
Finance costs - borrowings
61
60
Finance costs - leases
9
8
Finance costs - joint venture loan restructure loss (1)
40
—
Unwinding of obligations
18
17
128
85
The interest included within finance costs is calculated at effective interest rates.
(1)As at 1 January 2026, the loan to Kibali was restructured, resulting in a derecognition per IFRS 9 and recognition of the new loan under the updated terms. This
resulted in a loss of $40m due to the lower interest rate and amended repayment terms.
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Form 6-K continued
5 Taxation
Six months
Six months
ended
ended
June
June
2026
2025
Revised (1)
US Dollar millions
Unaudited
Unaudited
Current taxation (1)
Current year (1)
941
430
Prior year over provision
(12)
(9)
929
421
Deferred taxation
Current year
21
5
Change in estimate
1
—
Prior year under provision
—
1
Change in corporate tax rate (2)
4
—
26
6
955
427
(1)Refer to revision note 1.2.
(2)The change in the corporate tax rate is due to various concession agreements expiring at a future date resulting in tax rates changing from concession rate to
statutory rate.
Income tax uncertainties
The Group is subject to examination by tax authorities in the respective jurisdictions of operation, which give rise to tax litigation and
disputes resulting in uncertain tax positions. The Group assesses these uncertain tax positions to determine if a provision is required by
applying the appropriate accounting requirements, benchmarking to similar recent outcomes and, in some cases, advice from independent
experts. The economic outflow from these uncertain tax matters within the Group have been assessed as remote except for those
disclosed in note 11.
Organisation for Economic Co-operation and Development (OECD) Pillar Two model rules
The Group is within the scope of the OECD Pillar Two model rules as the Pillar Two legislation was enacted on 11 July 2023 in the UK, the
jurisdiction in which the Group’s parent company is incorporated, and came into effect from 1 January 2024. The Group applies the
exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided
in the amendments to IAS 12 “Income Taxes” (IAS 12) issued in May 2023.
Under the Pillar Two legislation, the Group is liable to pay a top-up tax for the difference between its Pillar Two effective tax rate per
jurisdiction and the 15% minimum rate. The Group recognised an estimated current tax expense related to Pillar Two for 2026 of $nil
(2025: $nil).
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Form 6-K continued
6 Headline earnings (1)
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
The profit attributable to equity shareholders has been adjusted by the following to arrive at headline
earnings:
Profit attributable to equity shareholders
2,283
1,112
Impairment (impairment reversal) on property, plant and equipment and right of use asset
6
(74)
Loss on disposal of tangible assets
5
49
Headline earnings
2,295
1,087
Headline earnings per ordinary share (US cents) (2)
451
214
Diluted headline earnings per ordinary share (US cents) (3)
450
214
(1) The financial measures “headline earnings” and “headline earnings per share” are not calculated in accordance with IFRS® Accounting Standards, but in
accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg
Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute non-GAAP financial
measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of non-GAAP
financial measures.
(2) Calculated on the weighted average number of ordinary shares.
(3) Calculated on the diluted weighted average number of ordinary shares.
Number of shares
Weighted average number of ordinary shares
509,353,643
507,010,181
Dilutive potential of share options
1,093,134
1,030,346
Dilutive weighted average number of ordinary shares
510,446,777
508,040,527
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Form 6-K continued
7 Borrowings and lease liabilities
AngloGold Ashanti’s borrowings are interest bearing.
As at
As at
June
December
2026
2025
US Dollar millions
Unaudited
Audited
Change in liabilities arising from financing activities:
Reconciliation of borrowings (excluding lease liabilities)
A reconciliation of the total borrowings included in the statement of financial position is set out in the
following table:
Opening balance
2,044
1,984
Proceeds from borrowings (1)
199
285
Repayment of borrowings (2)
(650)
(245)
Finance costs paid on borrowings
(55)
(106)
Interest charged to the income statement
56
4
Gain on settlement of bonds (2)
(15)
—
Deferred loan fees
(1)
111
Translation
(7)
11
Closing balance
1,571
2,044
Borrowings
Non-current
1,559
2,025
Current
12
19
1,571
2,044
Reconciliation of finance costs paid (excluding lease finance costs)
A reconciliation of the finance costs paid included in the statement of cash flows is set out in the
following table:
Finance costs paid on borrowings
55
106
Interest paid on tax liability
—
46
Commitment fees, utilisation fees and other borrowing costs
6
12
Total finance costs paid
61
164
Reconciliation of lease liabilities
A reconciliation of the lease liabilities included in the statement of financial position is set out in the
following table:
Opening balance
214
141
Lease liabilities recognised
30
160
Repayment of lease liabilities
(45)
(92)
Finance costs paid on lease liabilities
(9)
(17)
Interest charged to the income statement
9
18
Disposal of subsidiary
—
(6)
Translation
8
10
Closing balance
207
214
Lease liabilities
Non-current
156
155
Current
51
59
207
214
(1)During the six months ended 30 June 2026, the Geita revolving loan funding increased with US$143.8m for facility A and TZS 131.5bn (US$50m) for facility B and
was fully drawn at period end.
(2)During the six months ended 30 June 2026, the Group settled $558m principal amount of its outstanding 2028 Notes and $107m principal amount of its outstanding
2030 Notes with a cash settlement of $650m (exclusive of accrued interest). The gain of $15m on settlement of the bonds is recognised in other (expenses) income
on the Group income statement.
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Form 6-K continued
8 Cash generated from operations
Six months
Six months
ended
ended
June
June
2026
2025
US Dollar millions
Unaudited
Unaudited
Profit before taxation
3,609
1,775
Adjusted for:
Amortisation of tangible and right of use assets
600
558
Finance costs and unwinding of obligations
128
85
Environmental, rehabilitation, silicosis and other provisions
(10)
(46)
Impairment (reversal of impairment), derecognition of assets and (profit) loss on disposal
11
(26)
Other expenses (income) (non-cash portion)
31
82
Finance income
(73)
(71)
Share of associates and joint ventures’ profit
(325)
(63)
Gain on settlement of bonds
(15)
—
Other non-cash movements
(7)
8
Other exchange losses
8
56
Movements in working capital
(161)
(308)
3,796
2,050
Movements in working capital:
(Increase) decrease in inventories
(43)
19
Increase in trade and other receivables
(151)
(186)
Increase (decrease) in trade and other payables
33
(141)
(161)
(308)
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Form 6-K continued
9 Financial risk management activities
Fair value
Fair value is determined using valuation techniques as outlined below, unless the instrument is traded in an active market. Where possible,
inputs are based on quoted prices and other market determined variables.
Fair value hierarchy
The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments:
•Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities;
•Level 2: inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly (as prices) or
indirectly (derived from prices); and
•Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
The table below represents financial instruments measured at fair value at the reporting date, or for which fair value is disclosed at
30 June 2026.
Financial
instrument
Fair value
Carrying
value
Fair value
Carrying
value
Valuation method
Significant inputs
Fair value
hierarchy
of inputs
As at June
As at June
As at
December
As at
December
2026
2026
2025
2025
Unaudited
Audited
At fair value through profit and loss
Contingent consideration
asset - Mponeng
5
5
23
23
Probability
weighted
discounted cash
flow
The production plan
over the contingent
consideration period
Level 3
Contingent consideration
asset - Gramalote
18
18
18
18
Probability
weighted
discounted cash
flow
Stage gate payments over
the contingent
consideration period and
discount rates.
Level 3
Contingent consideration
asset - Mansala
24
24
23
23
Probability
weighted
discounted cash
flow
Contingent payment and
discount rates
Level 3
Contingent consideration
asset - ABC
17
17
14
14
Probability
weighted
discounted cash
flow
Stage gate payments over
the contingent period and
discount rates
Level 3
Contingent consideration
asset - MSG
48
48
44
44
Discounted cash
flow
The production plan
over the contingent
consideration period,
forecasted gold prices and
discount rates
Level 3
At fair value through other comprehensive income
Listed equity investments
89
89
11
11
Level 1
At amortised cost
Borrowings - Rated bonds
1,068
1,082
1,729
1,745
Level 1
Borrowings - Revolving
Credit Facilities
489
489
299
299
Discounted cash
flow
Market related interest
rates
Level 3
Joint venture loan
receivable
233
233
333
333
Discounted cash
flow
Market related interest
rates
Level 3
Deferred consideration
asset - Doropo (1)
116
116
110
110
Discounted cash
flow
Deferred payments over
the consideration period
and discount rates.
Level 3
(1)Included in the statement of financial position in current and non-current trade, other receivables and other assets.
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Form 6-K continued
9 Financial risk management activities (continued)
Reconciliation of contingent consideration assets
A reconciliation of the contingent consideration asset included in the statement of financial position is set out in the following table:
As at
As at
June
December
2026
2025
US Dollar millions
Unaudited
Audited
Opening balance
122
48
Changes in estimates - fair value adjustments (1)
8
13
Contingent consideration assets recognised on sale of business
—
78
Part repayment of contingent consideration asset - Mponeng and MSG
(19)
(19)
Translation
1
2
Closing balance (2)
112
122
(1)Included in the income statement in foreign exchange and fair value adjustments
(2)Included in the statement of financial position as part of current $40m (2025: $62m) and non-current $72m (2025: $60m)
Sensitivity analysis
Contingent consideration – Mponeng
As at 30 June 2026, the contingent consideration asset of $5m (2025: $23m) was valued using production plans over the contingent
consideration  period as received from Harmony. The cash flows were not discounted in 2026 as the contingent consideration asset is
considered current. As at 30 June 2026, no portion of the contingent consideration related to Harmony developing below infrastructure has
been included in the contingent consideration asset as this project is at an early stage.
A reasonable possible change in the number of ounces used in the probability weighted calculation would not have a material impact on
the fair value of the contingent consideration asset.
Contingent consideration – Gramalote
As at 30 June 2026, the contingent consideration asset of $18m (2025: $18m) was valued using a discount rate of 10.6% (2025: 10.6%)
and future stage gate payments as per the purchase agreement. The assumptions used in the valuation included the timing and probability
of contingent considerations.
A reasonable possible change in the assumptions used in the probability weighted calculation would not have a material impact on the fair
value of the contingent consideration asset.
Contingent consideration – Mansala and ABC
As at 30 June 2026, the contingent consideration asset of $17m (2025: $14m) for ABC and $23m (2025: $23m) for Mansala was valued
using a discount rate of 9.0% (2025: 9.3%) for Mansala and 12.0% (2025: 12.8%) for ABC and future contingent considerations as per the
purchase agreement. The assumptions used in the valuation included the timing and probability of contingent considerations.
A reasonable possible change in the assumptions used in the probability weighted calculation would not have a material impact on the fair
value of the contingent consideration asset.
Contingent consideration asset – MSG
As at 30 June 2026, the contingent consideration asset of $48m (2025: $44m) was valued using a discount rate of 8% (2025: 8%) and
production plans over the contingent consideration period and forecasted gold prices.
A reasonable possible change in the ounces of gold produced or the gold price used in the calculation would not have a material impact on
the fair value of the contingent consideration asset.
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Form 6-K continued
10 Capital commitments
As at
As at
June
December
2026
2025
US Dollar millions
Unaudited
Audited
Orders placed and outstanding on capital contracts at the prevailing rate of exchange (1)
614
378
(1)The increase is mainly as a result of an increase in commitments at Siguiri and in the North America projects.
Liquidity and capital resources
To service the above capital commitments and other operational requirements, the Group is dependent on existing cash resources, cash
generated from operations and borrowings (in the form of bonds and credit facilities). As part of the management of liquidity, funding and
interest rate risk, the Group regularly evaluates market conditions and may enter into transactions, from time to time, to repurchase
outstanding debt, pursuant to open market purchases, privately negotiated transactions, tender offers or other means.
Cash generated from operations is subject to operational, market and other risks. Distributions from operations may be subject to foreign
investment, exchange control laws and regulations and the quantity of foreign exchange available in offshore countries. In addition,
distributions from joint ventures are subject to relevant Board approvals.
The credit facilities and other finance arrangements contain financial covenants and other similar undertakings. At 30 June 2026, the
Group was in compliance with all of the financial maintenance covenants per its loan agreements. To the extent that external borrowings
are required, the Group’s covenant performance indicates that existing financing facilities will be available to meet the above commitments.
The financing facilities which mature in the near future are disclosed in current liabilities. The Group believes that sufficient measures are
in place to ensure that these facilities can be refinanced.
11 Contractual commitments and contingencies
AngloGold Ashanti’s material contingent liabilities at 30 June 2026 are detailed below:
Tax matters - Brazil - AngloGold Ashanti Mineração
The Brazil Tax Authority has challenged various aspects of the companies’ tax returns for periods from 2005 to 2016 on VAT, social security
contributions, property taxes and federal contributions on royalties. The collective contingent liability on the various matters is $45m and
has not been recognised as a liability. There is uncertainty whether the amounts are due under the applicable laws, but the Group believes
there is a chance of an adverse outcome.
12 Subsequent events
Proposed share repurchase programme
On Thursday, 23 July 2026, the shareholders of AngloGold Ashanti plc approved the proposed share repurchase programme of its ordinary
shares up to a value of US$2.0bn.
By order of the Board
J TILK
Chairman
A CALDERON
Chief Executive Officer
G DORAN
Chief Financial Officer
30 July 2026
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Form 6-K continued
Dividends
AngloGold Ashanti plc today announces an interim dividend for the three months ended 30 June 2026 of 72 US cents per share. In respect of the
interim dividend, the timelines, including dates for currency conversions, set out below will apply.
To holders of ordinary shares on the New York Stock Exchange (NYSE)
2026
Ex-dividend on NYSE
Friday, 21 August
Record date
Friday, 21 August
Payment date
Friday, 4 September
To holders of ordinary shares on the South African Register
Additional information for South African resident shareholders of AngloGold Ashanti:
Shareholders registered on the South African section of the register are advised that the distribution of 72 US cents per ordinary share will be
converted to South African rands at the applicable exchange rate.
In compliance with the requirements of Strate and the Johannesburg Stock Exchange (JSE) Listings Requirements, the salient dates for payment of
the dividend are as follows:
2026
Declaration date
Friday, 31 July
Currency conversion rate for South African rands announcement date
Friday, 14 August
Last date to trade ordinary shares cum dividend
Tuesday, 18 August
Ordinary shares trade ex-dividend
Wednesday, 19 August
Record date
Friday, 21 August
Payment date
Friday, 4 September
Dividends in respect of dematerialised shareholdings will be credited to shareholders’ accounts with the relevant CSDP (as defined below) or
broker.
To comply with further requirements of Strate, share certificates may not be dematerialised or rematerialised between Wednesday, 19 August 2026
and Friday, 21 August 2026, both days inclusive. No transfers between South African, NYSE and Ghanaian share registers will be permitted
between Friday, 14 August 2026 and Friday, 21 August 2026, both days inclusive.
Details of the exchange rates applicable to the dividend and a summary of the tax considerations applicable to South African shareholders is
expected to be published on Friday, 14 August 2026.
To Beneficial Owners on the Ghana sub-register holding shares through the nominee arrangement with the Central
Securities Depositary (GH) LTD
2026
Currency conversion date
Friday, 14 August
Last date to trade and to register shares cum dividend
Tuesday, 18 August
Shares trade ex-dividend
Wednesday, 19 August
Record date
Friday, 21 August
Approximate payment date of dividend
Friday, 4 September
To Beneficial Owners holding Ghanaian Depositary Shares (GhDSs) and acting by National Trust Holding Company Ltd
as depository agent 100 GhDSs represent one ordinary share
2026
Currency conversion date
Friday, 14 August
Last date to trade and to register GhDSs cum dividend
Tuesday, 18 August
GhDSs trade ex-dividend
Wednesday, 19 August
Record date
Friday, 21 August
Approximate payment date of dividend
Friday, 4 September
Beneficial owners on the Ghana sub-register holding shares and beneficial owners holding GhDSs are advised that the distribution of 72 US cents
per ordinary share will be converted to Ghanaian cedis at the applicable exchange rate. Assuming an exchange rate of US$X/ ¢11.6600, the gross
dividend payable per share, is equivalent to ca. ¢8.3952 Ghanaian cedis. However, the actual rate of payment will depend on the exchange rate on
the date for currency conversion.
Entitlement to interim dividends
A “Shareholder of Record” is a person appearing on the register of members of the Company in respect of ordinary shares at the close of business
on the relevant record date. A “Beneficial Owner” is a person who holds ordinary shares of the Company through a bank, broker, central securities
depository participant (“CSDP”), Shareholder of Record or other agent (sometimes referred to as holding shares “in street name”).
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Form 6-K continued
Non-GAAP disclosure
From time to time AngloGold Ashanti may publicly disclose certain “Non-GAAP” financial measures in the course of its financial
presentations, earnings releases, earnings conference calls and otherwise.
In this document, AngloGold Ashanti presents the financial items “total cash costs”, “total cash costs per ounce”, “all-in sustaining costs”,
“all-in sustaining costs per ounce”, “average gold price received per ounce”, “total cash cost margin”, “sustaining capital expenditure” and
“non-sustaining capital expenditure”, which have been determined using industry guidelines and practices and are not measures under
IFRS. An investor should not consider these items in isolation or as alternatives to cost of sales, gold income, capital expenditure or any
other measure of financial performance presented in accordance with IFRS or as an indicator of the Group’s performance. The Group uses
certain Non-GAAP performance measures and ratios in managing the business and may provide users of this financial information with
additional meaningful comparisons between current results and results in prior operating periods. Non-GAAP financial measures should be
viewed in addition to, and not as an alternative to, the reported operating results or any other measure of performance prepared in
accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures that other
companies use.
The term “managed operations” refers to subsidiaries managed by AngloGold Ashanti and included in its consolidated reporting, while the
term “non-managed joint ventures” refers to equity-accounted joint ventures that are reported based on AngloGold Ashanti’s share of
attributable earnings and are not managed by AngloGold Ashanti. Managed operations are reported on a consolidated basis. Non-
managed joint ventures are reported on an attributable basis.
All-in sustaining costs
During 2018, the World Gold Council (“WGC”), an industry body, published a revised Guidance Note on the “all-in sustaining costs” metric,
which gold mining companies can use to supplement their overall Non-GAAP disclosure. The WGC worked closely with its members
(including AngloGold Ashanti) to develop these Non-GAAP measures which are intended to provide further transparency into the full cost
associated with producing gold. It is expected that this metric, which AngloGold Ashanti provides herein, will be helpful to investors,
governments, local communities and other stakeholders in understanding the economics of gold mining.
“All-in sustaining costs” is a Non-GAAP measure which is an extension of the existing “total cash costs” metric and incorporates all costs
related to sustaining production and in particular, recognises sustaining capital expenditures associated with developing and maintaining
gold mines. In addition, this metric includes the cost associated with Corporate Office structures that support these operations, the
community and environmental rehabilitation costs attendant with responsible mining and any exploration and evaluation cost associated
with sustaining current operations. “All-in sustaining costs per ounce - managed operations” ($/oz) is calculated by dividing the
consolidated US dollar value of this cost metric by the consolidated ounces of gold sold. “All-in sustaining costs per ounce - non-managed
joint ventures” ($/oz) is calculated by dividing the attributable US dollar value of this cost metric by the attributable ounces of gold sold.
Total cash costs
“Total cash costs” is calculated in accordance with the guidelines of the Gold Institute industry standard and industry practice and is a Non-
GAAP measure. The Gold Institute, which has been incorporated into the National Mining Association, is a non-profit international
association of miners, refiners, bullion suppliers and manufacturers of gold products, which developed a uniform format for reporting total
cash costs on a per ounce basis. The guidance was first adopted in 1996 and revised in November 1999.
“Total cash costs” is a Non-GAAP measure and, as calculated and reported by AngloGold Ashanti, include costs for all mining, processing,
onsite administration costs, royalties and production taxes, as well as contributions from by-products, but exclude amortisation of tangible,
intangible and right of use assets, rehabilitation costs and other non-cash costs, retrenchment costs, corporate administration, marketing
and related costs, capital costs and exploration costs. “Total cash costs per ounce - managed operations” ($/oz) is calculated by dividing
the consolidated US dollar value of this cost metric by the consolidated ounces of gold produced. “Total cash costs per ounce - non-
managed joint ventures” ($/oz) is calculated by dividing the attributable US dollar value of this cost metric by the attributable ounces of gold
produced.
Average gold price received per ounce
“Average gold price received per ounce” is a Non-GAAP measure which gives an indication of revenue earned per ounce of gold sold and
serves as a benchmark of performance against the market spot gold price. “Average gold price received per ounce - managed operations”
is calculated by dividing the consolidated US dollar value of this revenue metric by the consolidated ounces of gold sold. “Average gold
price received per ounce - non-managed joint ventures” is calculated by dividing the attributable US dollar value of this revenue metric by
the attributable ounces of gold sold.
Total cash cost margin
“Total cash cost margin” is a Non-GAAP measure which gives an indication of profitability after covering total cash costs, representing the
difference between the average realised price of gold per ounce and the total cash costs per ounce required to produce it, expressed on a
percentage basis. “Total cash cost margin” is calculated by AngloGold Ashanti as “average gold price received per ounce” minus “total
cash costs per ounce”, divided by “average gold price received per ounce”, expressed on a percentage basis.
Sustaining capital expenditure
“Sustaining capital (expenditure)” is a Non-GAAP measure comprising capital expenditure incurred to sustain and maintain existing assets
at their current productive capacity in order to achieve constant planned levels of productive output and capital expenditure to extend
useful lives of existing production assets. This includes replacement of vehicles, plant and machinery, Mineral Reserve development,
deferred stripping and capital expenditure related to financial benefit initiatives, safety, health and the environment.
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June 2026 Interim Report
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Form 6-K continued
Non-sustaining capital expenditure
“Non-sustaining capital (expenditure)” is a Non-GAAP measure comprising capital expenditure incurred at new operations and capital
expenditure related to ‘major projects’ at existing operations where these projects will materially increase production.
While the Gold Institute provided definitions for the calculation of “total cash costs” and the WGC published a revised Guidance Note on
the “all-in sustaining costs” metric during 2018, the calculation of “total cash costs”, “total cash costs per ounce”, “all-in sustaining costs”
and “all-in sustaining costs per ounce” may vary significantly among gold mining companies, and by themselves do not necessarily provide
a basis for comparison with other gold mining companies. However, AngloGold Ashanti believes that “total cash costs” and “all-in
sustaining costs” in total by mine and per ounce by mine as well as “average gold price received per ounce”, “sustaining capital
expenditure” and “non-sustaining capital expenditure” are useful indicators to investors and management as they provide:
•an indication of profitability, efficiency and cash flows;
•the trend in costs as the mining operations mature over time on a consistent basis; and
•an internal benchmark of performance to allow for comparison against other mines, both within the Group and at other gold mining
companies.
Management prepares its internal management reporting documentation, for use and decision making by the Chief Operating Decision
Maker (CODM), on a total basis.
The key metrics are based on the total ounces, gold income, “total cash costs”, “all-in sustaining costs”, “sustaining capital expenditure”
and “non-sustaining capital expenditure” from each operation and as a consequence includes AngloGold Ashanti’s share of the “total cash
costs”, “all-in sustaining costs”, “sustaining capital expenditure” and “non-sustaining capital expenditure” of its non-managed joint ventures
that are accounted for under the equity method. In a capital intensive industry, this basis allows management to make operating and
resource allocation decisions on a comparable basis between mining operations irrespective of whether they are consolidated or
accounted for under the equity method. This basis of calculating the metrics is consistent with the WGC’s Guidance Note on the “all-in
sustaining costs” metric.
Although AngloGold Ashanti has shareholder rights and board representation commensurate with its ownership interests in its equity-
accounted non-managed joint ventures and reviews the underlying operating results including “total cash costs”, “all-in sustaining costs”,
“sustaining capital expenditure” and “non-sustaining capital expenditure” with them at each reporting period, it does not have direct control
over their operations or resulting revenue and expenses, nor does it have a proportionate legal interest in each financial statement line
item. AngloGold Ashanti’s use of “total cash costs”, “all-in sustaining costs”, “sustaining capital expenditure” and “non-sustaining capital
expenditure” on a total basis, is not intended to imply that it has any such control or proportionate legal interest, but rather to reflect the
Non-GAAP measures on a basis consistent with its internal and external segmental reporting.
Reconciliations
All-in sustaining costs and total cash costs per ounce (including total cash cost margin)
A reconciliation of cost of sales as included in AngloGold Ashanti’s unaudited condensed consolidated interim financial statements as of
and for the six-month period ended 30 June 2026, to “all-in sustaining costs”, “all-in sustaining costs per ounce”, “total cash costs” and
“total cash costs per ounce” for each of the six-month periods ended 30 June 2026 and 30 June 2025, is presented on a total (managed
operations/non-managed joint ventures) and segment basis in Note A below.
In addition, the Company has provided detail of the consolidated ounces of gold produced and sold by mine (for managed operations) and
the attributable ounces of gold produced and sold by mine (for non-managed joint ventures) for each of those periods below.
Average gold price received per ounce
A reconciliation of gold income as included in AngloGold Ashanti’s unaudited condensed consolidated interim financial statements as of
and for the six-month period ended 30 June 2026, to “average gold price received per ounce” for each of the six-month periods ended 30
June 2026 and 30 June 2025, is presented on a total (managed operations/non-managed joint ventures) basis in Note B below.
Sustaining capital expenditure and non-sustaining capital expenditure
A reconciliation of capital expenditure as included in AngloGold Ashanti’s unaudited condensed consolidated interim financial statements
as of and for the six-month period ended 30 June 2026, to “sustaining capital expenditure” and “non-sustaining capital expenditure” for
each of the six-month periods ended 30 June 2026 and 30 June 2025, is presented on a total (managed operations/non-managed joint
ventures) and segment basis in Note C below.
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June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
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Form 6-K continued
NOTE A - All-in sustaining costs and total cash costs per ounce reconciliation
All-in sustaining costs
FOR THE SIX MONTHS ENDED 30 JUNE 2026
Corporate
and other (3)
AFRICA
AUSTRALIA
Kibali -
Attr. 45%
Non-
managed
joint ventures
Iduapriem
Obuasi
Siguiri
Geita
Sukari
Africa
other
Managed
operations
Sunrise
Dam
Tropicana-
Attr. 70%
Australia
other
Australia
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
1
250
250
220
233
333
418
426
—
1,630
257
318
24
599
By-product revenue
—
(2)
(2)
—
—
—
(4)
(4)
—
(8)
(2)
(4)
—
(6)
Amortisation of tangible, intangible and right of use assets
(3)
(46)
(46)
(34)
(40)
(26)
(112)
(196)
—
(408)
(35)
(73)
(1)
(109)
Adjusted for decommissioning and inventory amortisation
—
—
—
—
—
—
(1)
1
—
—
—
1
—
1
Corporate administration, marketing and related expenses
88
—
—
—
—
—
—
—
—
—
—
—
—
—
Lease payment sustaining
1
4
4
2
—
2
14
2
—
20
5
12
—
17
Sustaining exploration and study costs
—
—
—
1
—
5
4
—
—
10
1
—
—
1
Total sustaining capital expenditure
1
34
34
76
89
51
105
92
—
413
38
25
—
63
All-in sustaining costs (4)
88
240
240
264
282
365
425
321
—
1,657
264
279
24
567
Gold sold - oz (000)
—
140
140
92
110
154
247
223
—
826
102
170
—
272
All-in sustaining costs per ounce - $/oz (1)
—
1,715
1,715
2,879
2,569
2,364
1,726
1,434
—
2,007
2,589
1,643
—
2,087
All-in sustaining costs
FOR THE SIX MONTHS ENDED 30 JUNE 2026
AMERICAS
Projects
Cerro
Vanguardia
AngloGold
Ashanti
Mineração
Serra
Grande(5)
Americas
other
Americas
Non-managed
joint ventures
Managed
operations
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
239
225
—
—
464
—
250
2,694
By-product revenue
(128)
(10)
—
—
(138)
—
(2)
(152)
Amortisation of tangible, intangible and right of use assets
(33)
(47)
—
—
(80)
—
(46)
(600)
Adjusted for decommissioning and inventory amortisation
2
(1)
—
—
1
—
—
2
Corporate administration, marketing and related expenses
—
—
—
—
—
1
—
89
Lease payment sustaining
—
11
—
—
11
1
4
50
Sustaining exploration and study costs
1
—
—
—
1
1
—
13
Total sustaining capital expenditure
46
78
—
—
124
3
34
604
All-in sustaining costs (4)
126
256
—
—
382
6
240
2,700
Gold sold - oz (000)
97
137
—
—
234
—
140
1,332
All-in sustaining costs per ounce - $/oz (1)
1,288
1,877
—
—
1,633
—
1,715
2,027
(1)In addition to the operational performances of the mines, “all-in sustaining costs (per ounce)” and “total cash costs (per ounce)” are affected by fluctuations in the foreign currency exchange rate. AngloGold Ashanti reports “all-in
sustaining costs (per ounce)” calculated to the nearest US dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs (per ounce)” calculated to the nearest US dollar amount and gold produced in ounces.
“All-in sustaining costs (per ounce)” and “total cash costs (per ounce)’’ may not be calculated based on amounts presented in this table due to rounding.
(2)Refer to Segmental reporting.
(3)Corporate includes non-gold producing managed operations.
(4)“Total cash costs” and “all-in sustaining costs” may not be calculated based on amounts presented in this table due to rounding.
(5)Serra Grande was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
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June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
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Form 6-K continued
Total cash costs
FOR THE SIX MONTHS ENDED 30 JUNE 2026
Corporate
and other (3)
AFRICA
AUSTRALIA
Kibali -
Attr. 45%
Non-
managed
joint ventures
Iduapriem
Obuasi
Siguiri
Geita
Sukari
Africa
other
Managed
operations
Sunrise
Dam
Tropicana-
Attr. 70%
Australia
other
Australia
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
1
250
250
220
233
333
418
426
—
1,630
257
318
24
599
- By-product revenue
—
(2)
(2)
—
—
—
(4)
(4)
—
(8)
(2)
(4)
—
(6)
- Inventory change
—
(5)
(5)
(1)
1
(2)
(11)
14
—
1
(2)
(2)
—
(4)
- Amortisation of tangible assets
(1)
(45)
(45)
(30)
(40)
(24)
(99)
(196)
—
(389)
(31)
(63)
—
(94)
- Amortisation of right of use assets
(2)
(1)
(1)
(4)
—
(2)
(13)
—
—
(19)
(4)
(10)
(1)
(15)
- Amortisation of intangible assets
—
—
—
—
—
—
—
—
—
—
—
—
—
—
- Rehabilitation and other non-cash costs
—
1
1
(5)
(6)
(6)
(2)
(4)
—
(23)
—
—
(1)
(1)
- Retrenchment costs
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Total cash costs (4)
(1)
198
198
179
189
298
289
236
—
1,191
218
239
22
479
Gold produced - oz (000)
—
134
134
91
111
153
244
232
—
831
100
169
—
269
Total cash costs per ounce - $/oz (1)
—
1,482
1,482
1,970
1,713
1,946
1,183
1,020
—
1,434
2,172
1,419
—
1,783
Total cash costs
FOR THE SIX MONTHS ENDED 30 JUNE 2026
AMERICAS
Projects
Cerro
Vanguardia
AngloGold
Ashanti
Mineração
Serra
Grande(5)
Americas
other
Americas
Non-managed
joint ventures
Managed
operations
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
239
225
—
—
464
—
250
2,694
- By-product revenue
(128)
(10)
—
—
(138)
—
(2)
(152)
- Inventory change
(1)
2
—
—
1
—
(5)
(2)
- Amortisation of tangible assets
(33)
(39)
—
—
(72)
—
(45)
(556)
- Amortisation of right of use assets
—
(8)
—
—
(8)
—
(1)
(44)
- Amortisation of intangible assets
—
—
—
—
—
—
—
—
- Rehabilitation and other non-cash costs
(3)
(2)
—
—
(5)
—
1
(29)
- Retrenchment costs
(1)
—
—
—
(1)
—
—
(1)
Total cash costs (4)
73
167
—
—
240
—
198
1,909
Gold produced - oz (000)
95
139
—
—
234
—
134
1,334
Total cash costs per ounce - $/oz (1)
760
1,201
—
—
1,023
—
1,482
1,431
Average gold price received per ounce - $/oz
4,672
4,647
Total cash cost margin - %
68%
69%
(1)In addition to the operational performances of the mines, “all-in sustaining costs (per ounce)” and “total cash costs (per ounce)” are affected by fluctuations in the foreign currency exchange rate.
AngloGold Ashanti reports “all-in sustaining costs (per ounce)” calculated to the nearest US dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs (per ounce)”
calculated to the nearest US dollar amount and gold produced in ounces. “All-in sustaining costs (per ounce)” and “total cash costs (per ounce)’’ may not be calculated based on amounts
presented in this table due to rounding.
(2)Refer to Segmental reporting.
(3)Corporate includes non-gold producing managed operations.
(4)“Total cash costs” and “all-in sustaining costs” may not be calculated based on amounts presented in this table due to rounding.
(5)Serra Grande was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
TEXT.jpg
38
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
All-in sustaining costs
FOR THE SIX MONTHS ENDED 30 JUNE 2025
Corporate
and other (3)
AFRICA
AUSTRALIA
Kibali -
Attr. 45%
Non-
managed
joint ventures
Iduapriem
Obuasi
Siguiri
Geita
Sukari
Africa
other
Managed
operations
Sunrise
Dam
Tropicana-
Attr. 70%
Australia
other
Australia
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
7
213
213
201
202
300
350
370
—
1,423
216
241
18
475
By-product revenue
—
(1)
(1)
—
(1)
—
(2)
(1)
—
(4)
(1)
(2)
—
(3)
Amortisation of tangible, intangible and right of use assets
(2)
(47)
(47)
(56)
(42)
(33)
(81)
(169)
—
(381)
(29)
(47)
—
(76)
Adjusted for decommissioning and inventory amortisation
—
—
—
—
—
—
(1)
—
—
(1)
—
—
—
—
Corporate administration, marketing and related expenses
60
—
—
—
—
—
—
—
—
—
—
—
—
—
Lease payment sustaining
1
2
2
2
—
3
11
1
—
17
8
10
—
18
Sustaining exploration and study costs
—
—
—
2
—
4
5
—
—
11
—
—
—
—
Total sustaining capital expenditure
—
24
24
39
78
31
119
69
—
336
30
14
—
44
All-in sustaining costs (4)
66
192
192
188
237
304
401
270
—
1,400
225
216
18
459
Gold sold - oz (000)
—
135
135
90
122
166
265
253
—
896
119
141
—
260
All-in sustaining costs per ounce - $/oz (1)
—
1,414
1,414
2,099
1,945
1,837
1,512
1,068
—
1,565
1,889
1,527
—
1,764
All-in sustaining costs
FOR THE SIX MONTHS ENDED 30 JUNE 2025
AMERICAS
Projects
Cerro
Vanguardia
AngloGold
Ashanti
Mineração
Serra
Grande(5)
Americas
other
Americas
Non-managed
joint ventures
Managed
operations
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
226
171
68
2
467
—
213
2,372
By-product revenue
(58)
(9)
—
—
(67)
—
(1)
(74)
Amortisation of tangible, intangible and right of use assets
(37)
(48)
(14)
—
(99)
—
(47)
(558)
Adjusted for decommissioning and inventory amortisation
—
—
—
—
—
—
—
(1)
Corporate administration, marketing and related expenses
—
—
—
—
—
1
—
61
Lease payment sustaining
—
12
4
—
16
1
2
53
Sustaining exploration and study costs
1
1
—
—
2
—
—
13
Total sustaining capital expenditure
31
52
20
—
103
2
24
485
All-in sustaining costs (4)
162
179
79
2
422
4
192
2,351
Gold sold - oz (000)
96
125
26
—
247
—
135
1,403
All-in sustaining costs per ounce - $/oz (1)
1,697
1,427
3,019
—
1,707
—
1,414
1,676
(1)In addition to the operational performances of the mines, “all-in sustaining costs (per ounce)” and “total cash costs (per ounce)” are affected by fluctuations in the foreign currency exchange rate.
AngloGold Ashanti reports “all-in sustaining costs (per ounce)” calculated to the nearest US dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs (per ounce)”
calculated to the nearest US dollar amount and gold produced in ounces. “All-in sustaining costs (per ounce)” and “total cash costs (per ounce)’’ may not be calculated based on amounts
presented in this table due to rounding.
(2)Refer to Segmental reporting.
(3)Corporate includes non-gold producing managed operations.
(4)“Total cash costs” and “all-in sustaining costs” may not be calculated based on amounts presented in this table due to rounding.
(5)Serra Grande was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
TEXT.jpg
39
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
Total cash costs
FOR THE SIX MONTHS ENDED 30 JUNE 2025
Corporate
and other (3)
AFRICA
AUSTRALIA
Kibali -
Attr. 45%
Non-
managed
joint ventures
Iduapriem
Obuasi
Siguiri
Geita
Sukari
Africa
other
Managed
operations
Sunrise
Dam
Tropicana-
Attr. 70%
Australia
other
Australia
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
7
213
213
201
202
300
350
370
—
1,423
216
241
18
475
- By-product revenue
—
(1)
(1)
—
(1)
—
(2)
(1)
—
(4)
(1)
(2)
—
(3)
- Inventory change
—
4
4
1
5
(2)
(13)
(13)
—
(22)
4
(1)
—
3
- Amortisation of tangible assets
(2)
(46)
(46)
(53)
(42)
(31)
(69)
(168)
—
(363)
(22)
(36)
—
(58)
- Amortisation of right of use assets
—
(1)
(1)
(3)
—
(2)
(12)
(1)
—
(18)
(7)
(11)
—
(18)
- Amortisation of intangible assets
—
—
—
—
—
—
—
—
—
—
—
—
—
—
- Rehabilitation and other non-cash costs
—
(5)
(5)
(4)
(3)
(2)
(4)
(2)
—
(15)
—
—
(1)
(1)
- Retrenchment costs
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Total cash costs (4)
5
165
165
142
161
263
250
185
—
1,001
190
191
17
398
Gold produced - oz (000)
—
138
138
89
125
165
254
246
—
879
122
139
—
261
Total cash costs per ounce - $/oz (1)
—
1,193
1,193
1,586
1,293
1,595
985
750
—
1,138
1,561
1,376
—
1,528
Total cash costs
FOR THE SIX MONTHS ENDED 30 JUNE 2025
AMERICAS
Projects
Cerro
Vanguardia
AngloGold
Ashanti
Mineração
Serra
Grande(5)
Americas
other
Americas
Non-managed
joint ventures
Managed
operations
in US Dollar million, except as otherwise noted
Cost of sales per segmental information (2)
226
171
68
2
467
—
213
2,372
- By-product revenue
(58)
(9)
—
—
(67)
—
(1)
(74)
- Inventory change
(1)
1
—
—
—
—
4
(19)
- Amortisation of tangible assets
(37)
(38)
(12)
—
(87)
—
(46)
(510)
- Amortisation of right of use assets
—
(10)
(2)
—
(12)
—
(1)
(48)
- Amortisation of intangible assets
—
—
—
—
—
—
—
—
- Rehabilitation and other non-cash costs
(6)
1
2
—
(3)
—
(5)
(19)
- Retrenchment costs
(1)
—
—
—
(1)
—
—
(1)
Total cash costs (4)
123
116
56
2
297
—
165
1,701
Gold produced - oz (000)
94
126
26
—
246
—
138
1,386
Total cash costs per ounce - $/oz (1)
1,305
922
2,144
—
1,206
—
1,193
1,228
Average gold price received per ounce - $/oz
3,078
3,090
Total cash cost margin - %
61%
60%
(1)In addition to the operational performances of the mines, “all-in sustaining costs (per ounce)” and “total cash costs (per ounce)” are affected by fluctuations in the foreign currency exchange rate.
AngloGold Ashanti reports “all-in sustaining costs (per ounce)” calculated to the nearest US dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs (per ounce)”
calculated to the nearest US dollar amount and gold produced in ounces. “All-in sustaining costs (per ounce)” and “total cash costs (per ounce)’’ may not be calculated based on amounts
presented in this table due to rounding.
(2)Refer to Segmental reporting.
(3)Corporate includes non-gold producing managed operations.
(4)“Total cash costs” and “all-in sustaining costs” may not be calculated based on amounts presented in this table due to rounding.
(5)Serra Grande was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
TEXT.jpg
40
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
NOTE B - AVERAGE GOLD PRICE RECEIVED PER OUNCE RECONCILIATION
Average gold price
received per ounce
Six months
Six months
ended
ended
Jun
Jun
2026
2025
Unaudited
Unaudited
US Dollar million, except as otherwise noted
Managed
operations
Non-managed
joint ventures
Managed
operations
Non-managed
joint ventures
Gold income
6,188
654
4,334
417
Gold sold - oz (000)(1)
1,332
140
1,403
135
Average gold price received per ounce - $/oz
4,647
4,672
3,090
3,078
(1)Includes gold sold of 26,000oz for the six months ended 30 June 2025 for the Serra Grande operation, which was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
TEXT.jpg
41
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
NOTE C - SUSTAINING CAPITAL EXPENDITURE AND NON-SUSTAINING CAPITAL EXPENDITURE RECONCILIATION
Capital expenditure
FOR THE SIX MONTHS ENDED 30 JUNE 2026
Corporate
and other
AFRICA
AUSTRALIA
Kibali -
Attr. 45%
Non-
managed
joint ventures
Iduapriem
Obuasi
Siguiri
Geita
Sukari
Africa
other
Managed
operations
Sunrise
Dam
Tropicana-
Attr. 70%
Australia
other
Australia
in US Dollar million, except as otherwise noted
Sustaining capital expenditure
1
34
34
76
89
51
105
92
—
413
38
25
—
63
Non-sustaining capital expenditure
—
67
67
6
32
57
3
85
—
183
12
16
—
28
Capital expenditure
1
101
101
82
121
108
108
177
—
596
50
41
—
91
Capital expenditure
AMERICAS
Projects
Cerro
Vanguardia
AngloGold
Ashanti
Mineração
Americas
other
Americas
Non-
managed
joint ventures
Managed
operations
in US Dollar million, except as otherwise noted
Sustaining capital expenditure
46
78
—
124
3
34
604
Non-sustaining capital expenditure
1
7
—
8
92
67
311
Capital expenditure
47
85
—
132
95
101
915
Capital expenditure
FOR THE SIX MONTHS ENDED 30 JUNE 2025
Corporate
and other
AFRICA
AUSTRALIA
Kibali -
Attr. 45%
Non-
managed
joint ventures
Iduapriem
Obuasi
Siguiri
Geita
Sukari
Africa
other
Managed
operations
Sunrise
Dam
Tropicana-
Attr. 70%
Australia
other
Australia
in US Dollar million, except as otherwise noted
Sustaining capital expenditure
—
24
24
39
78
31
119
69
—
336
30
14
—
44
Non-sustaining capital expenditure
—
40
40
33
10
1
10
56
—
110
—
31
—
31
Capital expenditure
—
64
64
72
88
32
129
125
—
446
30
45
—
75
Capital expenditure
AMERICAS
Projects
Cerro
Vanguardia
AngloGold
Ashanti
Mineração
Serra
Grande(1)
Americas
other
Americas
Non-
managed
joint ventures
Managed
operations
in US Dollar million, except as otherwise noted
Sustaining capital expenditure
31
52
20
—
103
2
24
485
Non-sustaining capital expenditure
—
2
—
—
2
25
40
168
Capital expenditure
31
54
20
—
105
27
64
653
(1)Serra Grande was sold on 1 December 2025.
Rounding of figures may result in computational discrepancies.
TEXT.jpg
42
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
Other information - Exchange rates
Jun
Jun
2026
2025
Unaudited
Unaudited
ZAR/USD average for the year to date
16.40
18.37
ZAR/USD closing
16.39
17.75
AUD/USD average for the year to date
1.42
1.58
AUD/USD closing
1.45
1.52
BRL/USD average for the year to date
5.15
5.76
BRL/USD closing
5.18
5.46
ARS/USD average for the year to date
1,413.75
1,103.75
ARS/USD closing
1,483.02
1,194.08
EGP/USD average for the year to date
50.47
50.39
EGP/USD closing
49.08
49.55
TEXT.jpg
43
June 2026 Interim Report
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Form 6-K continued
Financial Results - Operations at a glance
Operations at a glance
FOR THE SIX MONTHS ENDED 30 JUNE 2026 AND 30 JUNE 2025
Gold production
oz (000)
Cost of sales
$m
Gross profit
$m
Total cash costs
per ounce*
$/oz
All-in sustaining
costs per ounce*
$ /oz
Sustaining MRD /
Stripping capital
$m
Other sustaining
capital
$m
Non-sustaining
capital*
$m
Jun-26
Jun-25
Jun-26
Jun-25
Jun-26
Jun-25
Jun-26
Jun-25
Jun-26
Jun-25
Jun-26
Jun-25
Jun-26
Jun-25
Jun-26
Jun-25
AFRICA Non-managed joint ventures
134
138
250
213
406
205
1,482
1,193
1,715
1,414
14
10
20
14
67
40
Kibali - Attr. 45% (1)
134
138
250
213
406
205
1,482
1,193
1,715
1,414
14
10
20
14
67
40
AFRICA Managed operations
831
879
1,630
1,423
2,228
1,354
1,434
1,138
2,007
1,565
203
192
210
144
183
110
Iduapriem
91
89
220
201
207
76
1,970
1,586
2,879
2,099
66
35
10
4
6
33
Obuasi
111
125
233
202
282
175
1,713
1,293
2,569
1,945
48
58
41
20
32
10
Siguiri (3)
153
165
333
300
384
211
1,946
1,595
2,364
1,837
14
11
37
20
57
1
Geita
244
254
418
350
733
480
1,183
985
1,726
1,512
53
67
52
52
3
10
Sukari (3)
232
246
426
370
622
412
1,020
750
1,434
1,068
22
21
70
48
85
56
Administration and other
—
—
—
—
—
—
—
—
—
—
AUSTRALIA
269
261
599
475
676
325
1,783
1,528
2,087
1,764
37
16
26
28
28
31
Sunrise Dam
100
122
257
216
221
151
2,172
1,561
2,589
1,889
23
10
15
20
12
—
Tropicana - Attr. 70%
169
139
318
241
479
192
1,419
1,376
1,643
1,527
14
6
11
8
16
31
Administration and other
—
—
24
18
(24)
(18)
—
—
—
—
—
—
AMERICAS
234
246
464
467
743
364
1,023
1,206
1,633
1,707
74
74
50
29
8
2
Cerro Vanguardia (3)
95
94
239
226
345
128
760
1,305
1,288
1,697
29
14
17
17
1
—
AngloGold Ashanti Mineração (2)
139
126
225
171
398
225
1,201
922
1,877
1,427
45
43
33
9
7
2
Serra Grande(4)
—
26
—
68
—
13
—
2,144
—
3,019
—
17
—
3
—
—
Administration and other
—
—
—
2
—
(2)
—
—
—
—
—
—
PROJECTS
—
—
—
—
—
—
—
—
—
—
3
2
92
25
Colombian projects
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2
10
North American projects
—
—
—
—
—
—
—
—
—
—
—
—
3
2
90
15
CORPORATE AND OTHER
—
—
1
7
(1)
(7)
—
—
—
—
—
—
1
—
—
—
Managed operations
1,334
1,386
2,694
2,372
3,646
2,036
1,431
1,228
2,027
1,676
314
282
290
203
311
168
Non-managed joint ventures
134
138
250
213
406
205
1,482
1,193
1,715
1,414
14
10
20
14
67
40
(1) Equity-accounted joint venture.
(2) Includes gold concentrate from the Cuiabá mine sold to third parties in the six months ended 30 June 2026.
(3) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively.
(4) Serra Grande was sold on 1 December 2025.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
Rounding of figures may result in computational discrepancies.
TEXT.jpg
44
Q2 2026 Earnings Release
AngloGold Ashanti plc
2026 | Quarter 2
Lion_v3.jpg
Administration and Corporate Information
AngloGold Ashanti plc
Incorporated in England & Wales
Registration No. 14654651
LEI No. 2138005YDSA7A82RNU96
Share codes:
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE: AU
JSE: ANG
A2X: ANG
GhSE (Shares): AGA
GhSE (GhDS): AAD
JSE Sponsor:
The Standard Bank of South Africa Limited
Auditors:
PricewaterhouseCoopers Inc.
PricewaterhouseCoopers LLP
Offices
Registered and Corporate
Third Floor, Hobhouse Court
Suffolk Street
London SW1Y 4HH
United Kingdom
Telephone: +44 (0) 203 968 3320
Global headquarters
6363 S. Fiddlers Green Circle, Suite 1000
Greenwood Village, CO 80111
United States of America
Telephone: +1 303 889 0700
Australia
Level 10, AMP Building,
140 St George’s Terrace
Perth, WA 6000
(PO Box Z5046, Perth WA 6831)
Australia
Telephone: +61 8 9425 4602
South Africa
112 Oxford Road
Houghton Estate,
Johannesburg, 2198
(Private Bag X 20, Rosebank, 2196)
South Africa
Telephone: +27 11 637 6000
Fax: +27 11 637 6624
Ghana
Gold House
Patrice Lumumba Road
(PO Box 2665)
Accra
Ghana
Telephone: +233 303 773400
Fax: +233 303 778155
Directors
Executive
Alberto Calderon (Chief Executive Officer)
Gillian Doran  (Chief Financial Officer)
Non-Executive
Jochen Tilk (Chair)
Kojo Busia
Bruce Cleaver
Alan Ferguson
Albert Garner
Jinhee Magie
Nicky Newton-King
Marcus Randolph
Diana Sands
Company Secretary
Catherine Stead
Company secretarial e-mail
companysecretary@anglogoldashanti.com
Investor Relations contacts
Yatish Chowthee
Telephone: +27 11 637 6273
Mobile: +27 78 364 2080
E-mail: yrchowthee@aga.gold
Andrea Maxey
Telephone: +61 08 9425 4603
Mobile: +61 400 072 199
E-mail: amaxey@aga.gold
AngloGold Ashanti website
www.anglogoldashanti.com
Share Registrars
United States
Computershare Trust Company, N.A.
150 Royall Street
Suite 101
Canton, MA 02021
United States of America
Telephone US: 866-644-4127
Telephone non-US: +1-781-575-2906
Shareholder Online inquiries:
https://www-us.computershare.com/Investor/
#Contact
Website: www.computershare.com/
AngloGoldAshanti
South Africa
Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196
(PO Box 61051, Marshalltown 2107)
South Africa
Telephone: 0861 100 950 (in SA)
Fax: +27 11 688 5218
E-mail: queries@computershare.co.za
Website: www.computershare.com
Ghana
Central Securities Depository (GH) LTD
4th Floor, Cedi House
PMB CT 465, Cantonments
Accra, Ghana
Telephone: +233 302 689313
Fax: +233 302 689315
Ghana depositary
NTHC Limited
18 Gamel Abdul Nasser Avenue
Ringway Estate
Accra, Ghana
Telephone: +233 302 235814/6
Fax: +233 302 229975
Neomorphism circle_web icon_v2.jpg
AngloGold Ashanti posts information that may be important to investors on the main page of its website at
www.anglogoldashanti.com and under the “Investors” tab on the main page. This information is updated
periodically. AngloGold Ashanti intends to use its website as a means of disclosing material non-public
information to the public in a broad, non-exclusionary manner and for complying with its disclosure
obligations. Accordingly, investors should visit this website regularly to obtain important information about
AngloGold Ashanti, in addition to following its press releases, documents it files with, or furnishes to, the
United States Securities and Exchange Commission (SEC) and public conference calls and webcasts. No
material on the AngloGold Ashanti website forms any part of, or is incorporated by reference into, this
document. References herein to the AngloGold Ashanti website shall not be deemed to cause
such incorporation.
PUBLISHED BY ANGLOGOLD ASHANTI
Forward-looking statements
Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations
regarding gold prices, production, mine life, total cash costs, all-in sustaining costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects,
preliminary financial and production metrics for in-process projects, the ability to convert Mineral Resource into Mineral Reserve and replace Mineral Reserve net of depletion from production and
outlook of AngloGold Ashanti’s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of
AngloGold Ashanti’s exploration and production projects, the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti’s liquidity and capital resources and capital
expenditures and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements
regarding AngloGold Ashanti’s financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but
rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as “believe”,
“expect”, “aim”, “anticipate”, “intend”, “foresee”, “forecast”, “predict”, “project”, “estimate”, “likely”, “may”, “might”, “could”, “should”, “would”, “seek”, “plan”, “scheduled”, “possible”, “continue”,
“potential”, “outlook”, “target” or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that
describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors
that may cause AngloGold Ashanti’s actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied
in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be
given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements
as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating
initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future
litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics, the failure to maintain effective internal control over financial reporting or effective disclosure
controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company’s internal control over financial reporting,
and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti’s annual report on Form 20-F
for the financial year ended 31 December 2025 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could
cause AngloGold Ashanti’s actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors
could also have material adverse effects on AngloGold Ashanti’s future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-
looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold
Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
Non-GAAP financial measures
This communication may contain certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP
financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in
accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.
TEXT.jpg
45
Q2 2026 Earnings Release
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Exhibits to Form 6-K
Exhibit Number
Description
Remarks
Exhibit 22
Filed herewith
TEXT.jpg
46
Q2 2026 Earnings Release
AngloGold Ashanti plc
June | 2026
Lion_v3.jpg
Exhibits to Form 6-K continued
Exhibit 22
Subsidiary issuer of guaranteed securities
As of 30 June 2026, AngloGold Ashanti plc (the “Guarantor”) fully and unconditionally guaranteed the following registered debt securities
issued by AngloGold Ashanti Holdings plc, a direct wholly-owned subsidiary of the Guarantor:
Name of Subsidiary Issuer
Incorporation
Description of Registered Notes
AngloGold Ashanti Holdings plc
Isle of Man
3.375% Notes due 2028
AngloGold Ashanti Holdings plc
Isle of Man
3.750% Notes due 2030
AngloGold Ashanti Holdings plc
Isle of Man
6.500% Notes due 2040
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
                                                                    AngloGold Ashanti plc
Date: 31 July 2026
By:/s/ C STEAD
Name:C Stead
Title:Company Secretary
EX-22 2 exhibit22q22026.htm EX-22 Document

Exhibit 22


SUBSIDIARY ISSUER OF GUARANTEED SECURITIES

As of 30 June 2026, AngloGold Ashanti plc (the “Guarantor”) fully and unconditionally guaranteed the following registered debt securities issued by AngloGold Ashanti Holdings plc, a direct wholly-owned subsidiary of the Guarantor:

Name of Subsidiary Issuer
Incorporation
Description of Registered Notes
AngloGold Ashanti Holdings plc
Isle of Man
3.375% Notes due 2028
AngloGold Ashanti Holdings plc
Isle of Man
3.750% Notes due 2030
AngloGold Ashanti Holdings plc
Isle of Man
6.500% Notes due 2040