(Reuters) -AngloGold Ashanti’s <ANGJ.J> second-quarter profit jumped 151% on record gold prices and increased output, allowing the company to bump up its quarterly dividend, it said on Friday.
The gold miner’s headline earnings were $639 million in the three months to June 30, up from $255 million a year earlier.
AngloGold Ashanti’s gold production increased by 21% to 804,000 ounces during the quarter, driven by strong contributions from the Obuasi mine in Ghana, the Geita mine in Tanzania and the addition of Egypt’s Sukari mine, in which it acquired a 50% share last year.
The company said 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.
(Reporting by Nelson BanyaEditing by David Goodman and Louise Heavens)
