AngloGold Ashanti raises dividend after 151% an increase in 2Q profit

AngloGold Ashanti said on Friday that its second-quarter profit surged 151% due to record gold prices and higher output, allowing the company to double its quarterly dividend.

The gold miner’s headline earnings for the three months ended June 30 were $639 million, up from $255 million a year earlier.

During the quarter, AngloGold Ashanti’s gold production grew by 21% to 804,000 ounces, with strong contributions from Ghana’s Obuasi mine, Tanzania’s Geita mine, and Egypt’s Sukari mine, in which it bought a 50% stake last year.

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According to the company, its average gold price increased to $3,287 per ounce in the second quarter of 2025, from $2,330 an ounce during the same period last year.

AngloGold Ashanti declared a quarterly dividend of $0.80 per share, above its minimum quarterly payout of $0.125 per share, reflecting “the strength of cash flows and confidence in the outlook,” the company said.