{"id":1009,"date":"2026-03-03T03:00:19","date_gmt":"2026-03-03T01:00:19","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/25\/?p=1009"},"modified":"2026-03-20T13:51:08","modified_gmt":"2026-03-20T11:51:08","slug":"sustaining-and-growing-our-business","status":"publish","type":"post","link":"https:\/\/reports.anglogoldashanti.com\/25\/sr\/commitments\/creating-value\/sustaining-and-growing-our-business\/","title":{"rendered":"Sustaining and growing our business"},"content":{"rendered":"<h1 class=\"alignwide wp-block-post-title\">Sustaining and growing our business<\/h1>\n\n\n<div class=\"wp-block-group alignwide has-teal-color has-light-silver-gray-background-color has-text-color has-background has-link-color wp-elements-6fece3f2867c4dc60cfb37d190d8a177 is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--30)\">\n<h2 class=\"wp-block-heading has-text-align-center has-large-font-size\">Supporting our strategy for sustainable cash flow improvements and returns<\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-layout-grid wp-container-core-group-is-layout-eecd38dd wp-block-group-is-layout-grid\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-large is-resized is-style-glassmorphic wp-container-content-d50df0bc\"><img loading=\"lazy\" decoding=\"async\" width=\"124\" height=\"123\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/icon-strategy-people.svg\" alt=\"\" class=\"wp-image-191\" style=\"width:100px\"\/><\/figure>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-831b2db5 wp-block-group-is-layout-flex\">\n<h4 class=\"wp-block-heading has-dark-green-color has-text-color has-link-color wp-elements-56c14b90ae19e4f0801d6096b16c9398\">Prioritise people, safety, health and sustainability<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This is the foundation of our business and strategy, ensuring alignment between our values, our responsibilities as a corporate citizen, and the long-term sustainability and profitability of the business.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-large is-resized is-style-glassmorphic wp-container-content-d50df0bc\"><img loading=\"lazy\" decoding=\"async\" width=\"135\" height=\"134\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/icon-strategy-flexibility.svg\" alt=\"\" class=\"wp-image-229\" style=\"width:100px\"\/><\/figure>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-831b2db5 wp-block-group-is-layout-flex\">\n<h4 class=\"wp-block-heading has-naartjie-color has-text-color has-link-color wp-elements-8237cdc284c86853eaf148fc23bd4ba1\">Maintain financial flexibility and deliver returns<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Financial strength is fundamental to our ability to invest through the cycle, reward shareholders and pursue strategic opportunities.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-large is-resized is-style-glassmorphic\"><img loading=\"lazy\" decoding=\"async\" width=\"135\" height=\"134\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/icon-strategy-costs-capital.svg\" alt=\"\" class=\"wp-image-230\" style=\"width:100px\"\/><\/figure>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-831b2db5 wp-block-group-is-layout-flex\">\n<h4 class=\"wp-block-heading has-teal-color has-text-color has-link-color wp-elements-039250a6b4d2993f2e3c78c20714fa6e\">Drive operational excellence, optimise costs and capital expenditure<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Embed operational discipline by activating the FAP programme and rigorous cost management systems. These efforts ensure that every operation performs to its full capability, investments are aligned with strategic priorities, and cost structures remain competitive across the cycle.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-large is-resized is-style-glassmorphic\"><img loading=\"lazy\" decoding=\"async\" width=\"148\" height=\"147\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/icon-strategy-optionality.svg\" alt=\"\" class=\"wp-image-231\" style=\"width:100px\"\/><\/figure>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-831b2db5 wp-block-group-is-layout-flex\">\n<h4 class=\"wp-block-heading has-primary-color has-text-color has-link-color wp-elements-a5be3e32b61b69ab68cf4823e1606ef0\">Maintain long-term optionality<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Continually replenishing and increasing our Mineral Resource and Mineral Reserve pipeline helps to sustain the business over time. By discovering, acquiring, developing and exploiting viable ore bodies sustainably and efficiently, AngloGold Ashanti positions itself to create long-term value.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-large is-resized is-style-glassmorphic\"><img loading=\"lazy\" decoding=\"async\" width=\"148\" height=\"147\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/icon-strategy-portfolio.svg\" alt=\"\" class=\"wp-image-232\" style=\"width:100px\"\/><\/figure>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-831b2db5 wp-block-group-is-layout-flex\">\n<h4 class=\"wp-block-heading has-lilac-color has-text-color has-link-color wp-elements-463faa3a921acf364a841626f80d60d2\">Improve portfolio quality<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">We actively manage our portfolio to enhance overall quality, margins, and mine life. Our goal is a Tier 1 focused production mix that delivers superior risk-adjusted returns and supports a premium valuation relative to peers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide has-silver-gray-background-color has-background has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-819a37e6 wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--30)\">\n<h2 class=\"wp-block-heading has-text-align-center has-background-color has-text-color has-link-color wp-elements-91bd64cb6e9a7027f7a10433be964eae\" style=\"font-style:normal;font-weight:300\">What we achieved in <strong>2025<\/strong><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignwide is-layout-grid wp-container-core-group-is-layout-a429a58f wp-block-group-is-layout-grid\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-831b2db5 wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-medium is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"748\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193-1080x748.jpg\" alt=\"\" class=\"wp-image-2418\" style=\"object-fit:cover\" srcset=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193-1080x748.jpg 1080w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193-1700x1177.jpg 1700w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193-768x532.jpg 768w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193-1536x1063.jpg 1536w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193-2048x1418.jpg 2048w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Produced <strong>3.09Moz<\/strong> of gold, our primary product, and <strong>3.70Moz<\/strong> of silver as a by-product (2024: 2.66Moz and 3.75Moz respectively)<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-292fef79 wp-block-group-is-layout-flex\">\n<p class=\"wp-block-paragraph\">At 31 December 2025, reported a total gold Measured and Indicated Mineral Resource of <strong>68.0Moz<\/strong>, a gold Inferred Mineral Resource of <strong>49.3Moz<\/strong> and a total gold Mineral Reserve of <strong>36.5Moz<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-medium is-style-default wp-container-content-9cfa9a5a\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"720\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_007-1080x720.jpg\" alt=\"\" class=\"wp-image-2417\" style=\"object-fit:cover\" srcset=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_007-1080x720.jpg 1080w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_007-1700x1134.jpg 1700w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_007-768x512.jpg 768w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_007-1536x1024.jpg 1536w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_007-2048x1366.jpg 2048w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-medium is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"720\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/ESG-Report-People-3-1080x720.jpg\" alt=\"\" class=\"wp-image-2416\" style=\"object-fit:cover\" srcset=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/ESG-Report-People-3-1080x720.jpg 1080w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/ESG-Report-People-3-1700x1133.jpg 1700w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/ESG-Report-People-3-768x512.jpg 768w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/ESG-Report-People-3-1536x1024.jpg 1536w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/ESG-Report-People-3-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Declared total dividend of <strong>$1.8bn<\/strong> for the year, in line with policy to pay half of free cash flow generated to shareholders by way of dividends<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<p class=\"wp-block-paragraph\">Employed an average of <strong>38,243 people<\/strong>, including contractors (2024: 36,496 people), and excluding Kibali<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-medium is-style-default wp-container-content-9cfa9a5a\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"524\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_135-1080x524.jpg\" alt=\"\" class=\"wp-image-2415\" style=\"aspect-ratio:3\/2;object-fit:cover\" srcset=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_135-1080x524.jpg 1080w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_135-1700x825.jpg 1700w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_135-768x373.jpg 768w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_135-1536x746.jpg 1536w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/251002_Anglo-Gold-Day-02_135-2048x994.jpg 2048w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-a642ab1b wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image aligncenter size-medium is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"720\" src=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/Water-and-air-monitoring_4-1080x720.jpg\" alt=\"\" class=\"wp-image-2414\" style=\"object-fit:cover\" srcset=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/Water-and-air-monitoring_4-1080x720.jpg 1080w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/Water-and-air-monitoring_4-1700x1133.jpg 1700w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/Water-and-air-monitoring_4-768x512.jpg 768w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/Water-and-air-monitoring_4-1536x1024.jpg 1536w, https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/Water-and-air-monitoring_4-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Record gold prices contributed to higher revenues that translated into a 204% increase in free cash flow to a record <strong>$2.9bn<\/strong><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns alignfull is-layout-flex wp-container-core-columns-is-layout-794e3cfa wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:1000px\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Value is created and shared in both tangible and intangible ways. This page depicts our achievements in 2025 and our supporting strategy for sustainable cash flow improvements and returns.<\/p>\n","protected":false},"author":1,"featured_media":2418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-1009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-creating-value"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sustaining and growing our business | Report Suite 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.anglogoldashanti.com\/25\/sr\/commitments\/creating-value\/sustaining-and-growing-our-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustaining and growing our business | Report Suite 2025\" \/>\n<meta property=\"og:description\" content=\"Value is created and shared in both tangible and intangible ways. This page depicts our achievements in 2025 and our supporting strategy for sustainable cash flow improvements and returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reports.anglogoldashanti.com\/25\/sr\/commitments\/creating-value\/sustaining-and-growing-our-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Report Suite 2025\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-03T01:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-20T11:51:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/reports.anglogoldashanti.com\/25\/wp-content\/uploads\/2026\/02\/250918_Anglo-Day-02_193.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1772\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"katherine@rasc.co.za\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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