AngloGold Ashanti PLC
AU · Gold and Silver Ores · EDGAR filings ↗
Grade
A86Scaled global gold producer delivering top-decile returns, strong margins, and robust cash generation amid a favorable price environment.
Strengths
- ROA ~21% (98.7th pct) and ROE ~32% (90th pct) — top-decile returns; net margin 32% (76th pct)
- Revenue +71% and net income +203%, with ~$2.9B cash (97th pct), 48% OCF margin and low leverage (D/E 0.21)
Risks
- Gold is a commodity with no pricing power; results are leveraged to the gold price cycle
- Geopolitical/jurisdiction, tailings/ESG, and acquisition-integration risks across African and emerging-market operations
Notable findings
- Strong balance sheetStrong balance sheet — $2.9B cash & investments
Key metrics
Gross margin
49.2%
Net margin
32.1%
Return on equity
32.0%
Return on assets
21.1%
Revenue growth (QoQ)
70.8%
Net-income growth
202.6%
Debt / equity
0.2×
Current ratio
2.9×
Tangible book value
$9.9B
Cash & investments
$2.9B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-26 | 2025-12-31 | 0001973832-26-000066 ↗ |
| 20-F | 2025-04-15 | 2024-12-31 | 0001628280-25-017760 ↗ |
| 20-F | 2024-04-25 | 2023-12-31 | 0001628280-24-017820 ↗ |