Why is AU listed on the NYSE rather than a South African or London exchange?

AngloGold Ashanti PLC is listed on the New York Stock Exchange under the ticker AU. The NYSE listing reflects the company's redomiciliation to the United Kingdom as a public limited company (PLC) and its strategic priority to access the world's deepest equity capital markets, where a large proportion of institutional gold-sector investment is concentrated. A primary NYSE listing gives the company access to U.S.-based index funds, ETFs, and institutional investors who benchmark against dollar-denominated assets. Gold is globally priced in U.S. dollars, so listing in New York aligns currency denomination between the commodity and the equity, reducing a layer of currency conversion complexity for investors. The company historically had listings across Johannesburg, London, Ghana, and New York. Consolidating to a primary NYSE listing was intended to improve liquidity, reduce administrative complexity across multiple exchanges, and raise the company's profile with North American capital allocators. Traders using the CoinUnited CFD on AU are therefore tracking a dollar-denominated equity traded during U.S. market session hours.

How does the gold spot price affect AngloGold Ashanti's share price?

AngloGold Ashanti's share price is closely correlated with the gold spot price because gold sales are the primary source of company revenue. When the spot price rises, the revenue earned per ounce produced increases, and if costs remain stable, profit margins expand significantly. The reverse is equally true: a falling gold price compresses margins and reduces earnings. Mining equities like AU tend to exhibit amplified sensitivity to gold price moves relative to the metal itself. This occurs because the cost base is relatively fixed in the near term: a 10% rise in the gold price may translate into a disproportionately larger percentage gain in operating profit, since costs do not rise proportionally. This financial leverage embedded in the business model is separate from any trading leverage a CFD user applies. Other factors moderate or amplify this relationship, including production volumes, all-in sustaining costs, currency movements in the countries where mines operate, and broader equity market sentiment. The U.S. 10-year Treasury yield, sitting at 4.69% as of late August 2026, is also relevant: higher real yields tend to reduce the appeal of non-yielding gold, which can dampen the gold price and, by extension, AU's share price.

What was AngloGold Ashanti's gold production in 2025 and how does it compare to 2026?

AngloGold Ashanti reported 2025 full-year gold production of 3.09 million ounces. This figure covers the consolidated output across its global mine portfolio for the calendar year ending 31 December 2025. Comparative 2026 production data is not available in the verified research context at this time. Full-year 2026 production figures would typically be published after the close of the financial year, and interim figures would appear in quarterly or half-year operational updates. Traders interested in production trajectory should consult the company's official investor relations releases for the most current guidance. Production volume matters to AU's share price because it determines the total revenue base at any given gold price. A company producing 3 million ounces annually at a known cost structure has predictable revenue sensitivity to gold price movements, which analysts use to model earnings and set price targets. Volume shortfalls due to operational disruptions, geotechnical events, or regulatory issues can cause the share price to underperform even in a favorable gold price environment.

What are all-in sustaining costs (AISC) and why do they matter for AU traders?

All-in sustaining costs (AISC) is an industry-standard metric that captures the full cost of maintaining gold production at existing operations. It includes cash operating costs, royalties, sustaining capital expenditure, corporate overhead, and reclamation costs, but excludes growth capital. The World Gold Council introduced the metric to give investors a more complete picture of a miner's cost position than simple cash costs alone. For AU traders, AISC defines the margin between production cost and the gold selling price. If the gold spot price is meaningfully above a company's AISC, the operation is cash-generative. If spot approaches or falls below AISC, profitability deteriorates rapidly. Because AngloGold Ashanti operates mines across multiple countries and jurisdictions, its consolidated AISC reflects a blended average that can shift with currency movements, labor costs, energy prices, and regulatory changes. A lower AISC relative to the spot gold price is generally interpreted as a sign of operational efficiency and earnings resilience. Traders monitoring AU as a CFD position should track AISC disclosures in the company's quarterly and annual reports alongside the gold price to assess the margin environment. Specific AISC figures for a given period are best sourced directly from AngloGold Ashanti's published financial results.

How did AngloGold Ashanti generate record free cash flow in FY2025?

The verified research context does not contain specific details attributing a record free cash flow figure to AngloGold Ashanti for FY2025. Introducing a number or named source for this claim without verified data would not be accurate, so the specific mechanism and quantum cannot be stated here. Generally, free cash flow in a gold mining company is driven by the combination of gold price realized, ounces sold, cost discipline, and capital expenditure levels. A year in which gold prices are elevated, production meets or exceeds guidance, and sustaining capital remains controlled would naturally produce strong free cash flow generation. The 2025 production figure of 3.09 million ounces provides the volume foundation; the margin depends on costs and price. Traders analyzing AU's cash flow generation should refer directly to AngloGold Ashanti's official FY2025 annual results and investor presentations, which provide audited free cash flow figures along with the company's own commentary on the drivers. Cash flow strength influences sentiment around dividend capacity, debt reduction, and reinvestment, all of which can affect share price direction.

What is AngloGold Ashanti's total Mineral Reserve and why does it matter?

As of 31 December 2025, AngloGold Ashanti reported 68.0 million ounces of gold in Measured and Indicated Mineral Resource, and a further 49.3 million ounces classified as Inferred Mineral Resource. Mineral Resources represent material that has been identified and evaluated but sit at a less advanced stage of confidence than Mineral Reserves, which require demonstrated economic viability. Mineral Resource and Reserve figures matter to investors and traders because they represent the future production pipeline. A large resource base implies potential longevity of operations, optionality to develop new mines, and defense against mine depletion risk. Conversely, declining reserves without replacement signal that production volumes may fall over time, compressing future earnings. For a company of AngloGold Ashanti's scale, the resource base supports long-term valuation models. Analysts use reserve life (total reserves divided by annual production rate) as a measure of how many years of production are already identified. Traders accessing AU price exposure via a CoinUnited CFD should view reserve disclosures as a fundamental input into the company's long-term earnings outlook, distinct from near-term gold price movements.

How does rising U.S. Treasury yield affect AngloGold Ashanti stock?

Rising U.S. Treasury yields typically create headwinds for gold-related equities including AngloGold Ashanti. The mechanism operates primarily through gold's own price sensitivity: gold pays no yield, so as risk-free Treasury yields rise, the opportunity cost of holding gold increases, which tends to reduce investor demand for the metal and exert downward pressure on the gold price. Since AU's revenue is directly tied to the gold price, a sustained period of elevated yields can weigh on earnings expectations. The U.S. 10-year Treasury yield stood at 4.69% as of 20 August 2026. At that level, real yields (nominal yield minus inflation expectations) are a key consideration for gold demand. High real yields have historically been associated with periods of gold price weakness, while negative or low real yields support gold's appeal as a store of value. Beyond the gold price channel, higher Treasury yields also raise the discount rate applied to future corporate cash flows in equity valuation models, which can compress price-to-earnings multiples across the mining sector. Traders watching AU through a CFD position on CoinUnited should monitor yield movements alongside gold price action, as both variables interact to influence where AU's share price trades during any given session. The session itself follows a scheduled calendar and is closed at weekends; session times and holiday closures are shown on the platform before trading.

What is the difference between trading AU as a CFD and buying the underlying NYSE stock?

Trading AU on CoinUnited gives price exposure through a CFD position, not ownership of the underlying NYSE-listed shares. A CFD holder has no shareholding, no voting rights, and does not receive dividends that AngloGold Ashanti may declare. The trade is a contract tracking the price movement of AU stock, settled in crypto rather than through a traditional brokerage or bank account. Buying the underlying stock on the NYSE involves actual share ownership, custody arrangements, and typically a USD-denominated brokerage account. A CFD, by contrast, allows a trader to take a position on price direction, long or short, without transferring share ownership. This structural difference affects how corporate events such as dividend payments or rights issues are handled, and traders should understand that CFD economics differ from direct equity ownership in these respects.

When does AngloGold Ashanti report quarterly earnings and what should traders watch for?

AngloGold Ashanti follows a scheduled reporting calendar, with interim and full-year results typically disclosed on a semi-annual basis, consistent with South African and UK reporting conventions, rather than quarterly as is standard for many NYSE-listed US companies. Traders should verify the exact reporting dates on AngloGold Ashanti's investor relations page or via the platform before any announcement period. Key metrics to monitor include gold production volumes, AngloGold Ashanti reported 3.09 million ounces for full-year 2025, along with cost figures such as all-in sustaining costs, free cash flow generation, and any updates to mineral resources, which stood at 68.0 million ounces of Measured and Indicated gold resource at 31 December 2025. Guidance revisions, currency hedging disclosures, and capital expenditure updates tied to mine development projects can also move the AU share price meaningfully around reporting windows.

What are the main operational risks specific to AngloGold Ashanti?

AngloGold Ashanti operates mines across multiple jurisdictions in Africa, the Americas, and Australia, each carrying distinct country-level risks including regulatory change, resource nationalism, permitting delays, and political instability. Disruptions at any major producing asset can affect total output, which reached 3.09 million ounces of gold in 2025, and investors track production continuity closely. Below-ground risks are also material. Mining operations face geological uncertainty, ground instability, water ingress, and the ongoing challenge of accessing ore at depth or in remote locations. Labour relations represent another specific risk: workforce disputes or safety incidents can halt production at individual mines. Environmental compliance obligations, tailings management, and community relations are increasingly scrutinised by regulators and institutional investors, and failure to manage these can result in operating licence restrictions or reputational consequences that weigh on the share price.

How does currency risk affect AngloGold Ashanti's reported costs and revenues?

AngloGold Ashanti sells gold in US dollars, the global benchmark currency for the commodity, so its revenues are primarily USD-denominated. However, operating costs, labour, energy, consumables, and local services, are incurred in the local currencies of each host country, including South African rand, Brazilian real, Ghanaian cedi, and others. When the US dollar strengthens against these local currencies, the cost base measured in USD falls, which can expand operating margins even if the gold price holds steady. Conversely, local currency appreciation or significant inflation in a host country compresses margins. AngloGold Ashanti's multi-jurisdictional footprint means that currency moves rarely affect all operations in the same direction simultaneously, providing some natural diversification. Traders monitoring AU shares should watch key currency pairs relevant to the company's largest producing regions, as reported cost figures can shift materially from one reporting period to the next based on exchange rate movements alone, independent of physical production or gold price changes.

How does AngloGold Ashanti compare to Barrick Gold and Newmont in production scale?

AngloGold Ashanti reported 2025 gold production of 3.09 million ounces, placing it among the larger senior gold producers globally. Newmont and Barrick Gold have historically reported higher annual production totals, generally in the range of five to six million ounces and four to five million ounces respectively, though those figures vary year to year with portfolio changes, asset sales, and operational performance. On that basis, AngloGold Ashanti sits below both in production scale but remains a significant producer in its own right. Production scale is one dimension of comparison; resource base, cost structure, geographic diversification, and balance sheet strength are others. AngloGold Ashanti reported 68.0 million ounces of Measured and Indicated Mineral Resource and 49.3 million ounces of Inferred Mineral Resource at 31 December 2025, indicating a substantial reserve and resource inventory relative to its current production rate. Traders comparing senior gold producers should consider the full cost and asset profile, not production volume alone.

What is weekend gap risk when trading AU CFDs and how can it be managed?

Weekend gap risk arises because the CoinUnited AU CFD follows a scheduled trading session that closes at weekends and on market holidays. During that closed period, news can accumulate, gold price moves, geopolitical events, macroeconomic data, or company-specific announcements, and when the market reopens, the AU price may open significantly higher or lower than where it closed on Friday. That price discontinuity is the gap, and it can result in a position opening at a materially different level than any stop-loss order placed before the close. Managing gap risk typically involves reviewing open position size before the weekend close, being aware of scheduled events over the weekend, and understanding that standard stop-loss orders may not fill at the intended price if the market gaps through them. Traders should also account for the amplifying effect of leverage: a gap of even a modest percentage can represent a proportionally larger move on a leveraged CFD position. The session and holiday calendar for AU are shown on the platform, and reviewing them before holding a position over the weekend is a straightforward precaution.

What leverage is available on the AngloGold Ashanti CFD on CoinUnited?

The maximum leverage available on the CoinUnited AngloGold Ashanti PLC CFD is 1000x, subject to product terms, jurisdiction, and individual account eligibility. As a specification: a hypothetical $1,000 margin deposit at 1000x leverage would control $1,000,000 of notional exposure to AU price movements. A 1% move in the underlying price would then produce a $10,000 gain or loss on that position, equivalent to 10 times the original margin. Leverage of this magnitude amplifies both gains and losses in direct proportion to the multiple applied. A position can be partially or fully liquidated if the market moves against it and available margin falls below maintenance requirements. Traders should assess their margin carefully before entering a leveraged position and should understand that the 1000x figure represents the ceiling, not a recommendation to maximise it. Actual availability depends on account status and applicable regulatory conditions.

How are trading fees calculated on the CoinUnited AU instrument?

CoinUnited charges a trading fee on the AU CFD instrument. Fees are not zero at the standard tier; they are calculated on a tiered schedule based on 30-day contract volume across nine VIP levels. The fee rate decreases as cumulative trading volume rises, reaching 0.000% only at VIP 9, which requires either a 30-day volume of 20,000,000,000 USDT or a balance of 200,000,000 USDT. Most traders will operate at a level above zero on the fee schedule. Because the specific rate applicable to an account is rendered live on the platform and can change as the fee schedule is updated, no fixed percentage is stated here, a figure written into an article can become inaccurate as soon as the schedule changes. The full tiered fee schedule for this instrument is published at https://coinunited.io/en/account/trading-fees, where traders can confirm the rate that applies to their current volume tier before placing a trade.

What trading hours apply to the AU CFD on CoinUnited and when is it closed?

The AngloGold Ashanti CFD on CoinUnited follows a scheduled trading session tied to the underlying NYSE market calendar. It is closed at weekends and observes standard market holidays. This contrasts with some other CoinUnited products that trade continuously, so traders should not assume AU is always accessible. The precise session times and holiday dates are displayed on the platform before you place a trade. Checking this calendar matters because a position held into a market closure is exposed to overnight or weekend gap risk: news affecting gold markets, mining operations, or macroeconomic conditions can accumulate while the market is shut, and the price may reopen meaningfully different from where it closed. Planning around these scheduled closures is a practical part of managing a CFD position on AU. The platform makes the current session status visible, so confirming availability before executing is straightforward.

Does trading AU on CoinUnited give me dividends or voting rights as a shareholder?

No. The CoinUnited AU instrument is a CFD, which means it provides price exposure to AngloGold Ashanti PLC shares without conferring any ownership of the underlying stock. A CFD holder is not a shareholder, so there are no voting rights attached to the position and no entitlement to dividends declared by the company. The instrument tracks the price movement of AU shares listed on the NYSE. Any gains or losses arise solely from changes in that reference price, subject to the terms of the CFD. This is a fundamental distinction from buying AngloGold Ashanti stock through a brokerage, where the investor becomes a legal owner of the underlying equity. Traders focused on income from dividends, or on participating in corporate governance, would need to hold the actual shares through an appropriate equity account. The CoinUnited CFD is designed for exposure to price direction, not for the rights and entitlements that accompany share ownership.

What macro factors beyond the gold price drive AngloGold Ashanti's stock performance?

Several macro variables influence AU's share price independently of the gold spot price. Real interest rates matter because higher yields on risk-free assets, such as U.S. Treasuries, raise the opportunity cost of holding non-yielding commodities and the companies that produce them. The U.S. 10-year Treasury yield stood at 4.69% as of late August 2026, a level that the broader market weighs when pricing gold equities. Broader equity market sentiment also plays a role. When the S&P 500, which stood at 7,674.37 as of 21 August 2026, experiences risk-off episodes, gold miners can attract safe-haven flows; conversely, strong risk appetite can pull capital toward growth equities. The VIX, at 15.13 on the same date, reflects relatively contained near-term volatility expectations, which contextualises current market mood. Beyond rates and equity indices, currency movements in the countries where AngloGold operates affect reported costs, while energy prices and labour costs in those regions shape margins. Geopolitical developments in operating jurisdictions and regulatory changes in mining law can also move the stock independently of where gold trades.

How does AngloGold Ashanti's silver by-product production factor into its financial results?

AngloGold Ashanti reported silver by-product production of 3.70 million ounces in 2025. By-product revenue from silver is typically credited against operating costs in all-in sustaining cost calculations, meaning higher silver output or a rising silver price can reduce the net cost per ounce of gold reported to investors. This mechanism makes silver exposure a secondary but genuine influence on profitability. When silver prices are elevated, the credit is larger, which compresses reported AISC and can improve margins even if gold prices are unchanged. Conversely, a weak silver price reduces the by-product credit and widens effective costs. For traders following AU, silver market conditions are therefore a supplementary variable worth monitoring alongside the gold price. The scale of 3.70 million ounces in 2025 is meaningful enough to affect cost metrics materially in periods of significant silver price movement, though gold remains the dominant driver of revenue and earnings.

अन्य क्रिप्टोकरेंसियों पर जाएँ

AUAngloGold Ashanti PLC

त्वरित लिंक

पोजीशन कैलकुलेटर

पोजीशन आकार (USD)लिवरेज

मार्जिन आवश्यक

$10.00

P&L यदि AU चलता है

+1%+$10.00

+5%+$50.00

+10%+$100.00

{leverage}x लीवरेज के साथ ट्रेडिंग शुरू करें

AngloGold Ashanti PLC

$122.98

+2.28% (24h)

स्टॉक्सस्तर CCoinUnited.io पर ट्रेड योग्य1000x लीवरेज

How can you trade AngloGold Ashanti PLC? AngloGold Ashanti PLC (AU) is publicly listed. On CoinUnited, eligible users can trade a AU stock CFD — price exposure that tracks the share price. It is a price CFD, not equity (no shareholder voting; dividends reflected as an adjustment) — with extended / 24-hour trading and leverage, from US$100. Access terms vary by jurisdiction and product eligibility.

Key facts & how to trade

The essentials + how you access it on CoinUnited

Access & Tradability Comparison

A CoinUnited stock CFD vs holding the underlying shares — how, when, and in what form you get exposure. The stock price is everywhere; this comparison is the differentiator.

Terms	CoinUnited (CFD)	Holding shares (exchange)
Product form	Stock CFD (price exposure)	Equity ownership
Trading hours	Extended / 24h (by product)	Exchange regular hours
Leverage	Available (by product terms)	None / margin account needed
Shareholder rights	None (no voting; dividends as adjustment)	Voting + dividends
Access	Eligible users, by region + product	Brokerage account required

*Access and minimum vary by jurisdiction and product eligibility.

Key Facts

The most-cited facts about this company, each with its source — the quick-reference box for readers and AI answer engines.

Primary source: Wikidata

Founded	2004
Headquarters	Johannesburg
Industry	mining
Listing status	Publicly listed: AUExchange
52-week range	$119.94 – $120.81CoinUnited daily kline
Next earnings	2026-11-05Finnhub
CoinUnited product	Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage available, extended/24hCoinUnited product terms

कीमत और मार्केट संरचना

24H रेंज: $117.945→$123.345

24H निम्न

$117.945

24H उच्च

$123.345

बिड / पूछें

$122.86 / $123.1

चार्ट लोड हो रहा है...

Company & financials

Business model + audited SEC financials

What Is AngloGold Ashanti PLC (AU)?

TL;DR

AngloGold Ashanti PLC (NYSE: AU) is one of the world's largest gold mining companies, with 3.09 million ounces of 2025 production and record free cash flow, making it a high-sensitivity vehicle for gold price exposure when traded as a CFD.

AngloGold Ashanti PLC is a global gold mining company listed on the New York Stock Exchange under the ticker AU, with operations spanning multiple continents and a business model centered on gold production and mineral resource development.

The company occupies a senior position in the gold mining industry by both output and in-ground resource base, making AU one of the most closely tracked gold equities by institutional and retail traders alike.

Production Scale and By-Product Output

In full-year 2025, AngloGold Ashanti produced 3.09 million ounces of gold. Silver accounted for 3.70 million ounces of by-product output over the same period. That by-product stream, while secondary in economic weight, reflects the reality of large-scale hard-rock mining: ore bodies rarely yield a single metal in isolation, and ancillary recovery contributes to overall revenue per tonne processed.

Mineral Reserve and Resource Base

As of 31 December 2025, the company's in-ground asset inventory was substantial:

Category	Gold (million ounces)
Measured & Indicated Mineral Resource	68.0
Inferred Mineral Resource	49.3
Total Mineral Reserve	36.5

The distinction between Mineral Resource and Mineral Reserve is material: a Reserve has passed feasibility screening and is considered economically extractable under prevailing assumptions, whereas Resource figures include material that may or may not reach production depending on future technical and economic conditions.

Together, these figures provide a quantitative measure of the asset backing that supports AU's long-term production profile.

Cash Generation and Operating Leverage

FY2025 free cash flow reached approximately $3.1 billion, a record for the company. This figure illustrates a structural feature of gold mining economics: once a mine's fixed cost base is covered, incremental revenue from higher realized gold prices flows disproportionately to cash.

That operating leverage is one reason AU shares tend to exhibit amplified moves relative to gold spot prices during sustained rallies or sell-offs, a dynamic traders monitoring the 2026 Stocks Market Outlook should factor into any positioning analysis.

Workforce and Operational Footprint

Average employment in 2025 was 38,243 people including contractors, excluding the Kibali joint venture. This compares with 36,496 in 2024, a year-on-year increase that reflects both ongoing operational expansion and the capital- and labour-intensive character of industrial-scale gold extraction.

Large workforce figures also signal meaningful exposure to input cost inflation, wages, energy, and consumables, which can compress margins independently of the gold price.

Classification for Traders

For traders accessing AU through CoinUnited.io, the instrument is a CFD position providing price exposure that tracks the underlying equity. It confers no shareholding, voting rights, or dividend entitlement.

The session and holiday calendar follow exchange scheduling, the instrument is closed at weekends and on market holidays, so traders should confirm current hours on the platform before placing an order.

अंतिम अद्यतन: 2026-08-24

मुख्य अंतर्दृष्टियाँ

AngloGold Ashanti's free cash flow surged to approximately $3.1 billion in FY2025, roughly 254% above FY2024 levels, demonstrating how sharply rising gold prices leverage through to miner profitability once production costs are covered.
The company holds 36.5 million ounces of total gold Mineral Reserve and a combined 117.3 million ounces of Measured, Indicated, and Inferred Mineral Resource as of 31 December 2025, providing substantial long-term production optionality.
Average gold price received rose 35% year on year to $4,446 per ounce in Q2 2026, yet group gold production fell to 744,000 ounces from 804,000 ounces in Q2 2025, illustrating that price tailwinds do not automatically offset volume pressure.
Total cash costs increased to $1,100 million in Q2 2026 from $985 million in the same quarter a year earlier, signalling meaningful cost inflation that traders should weigh against gold price assumptions.
As a NYSE-listed PLC, AU trades within defined session hours and is subject to earnings-cycle volatility, weekend gap risk, and macro sensitivity to U.S. Treasury yields and the U.S. dollar, all of which are distinct from the characteristics of a direct gold futures or spot position.

AngloGold Ashanti in the Global Gold Mining Landscape

AngloGold Ashanti occupies a senior tier within global gold mining, competing directly with the industry's largest producers by annual output, reserve base, and market capitalisation. Understanding where AU sits in this competitive hierarchy helps traders assess whether price movements reflect company-specific factors or broader sector rotation.

Production Ranking Among Major Peers

With 3.09 million ounces of gold produced in 2025, AngloGold Ashanti ranks among the world's top-tier gold miners. Its primary competitors, Newmont and Barrick Gold, operate in comparable or higher annual production ranges, a bracket that collectively sets the benchmark for institutional coverage and index inclusion.

Membership in this production tier confers meaningful advantages: deeper analyst coverage, greater index weight in gold-equity ETFs, and sufficient daily trading volume to support large positions without significant market impact.

For traders, production volume is not merely an operational metric. It determines revenue sensitivity to gold price moves. A company producing over three million ounces annually translates each one-dollar change in the realised gold price into a multi-million-dollar swing in revenue, a relationship that sharpens the stock's beta to the metal itself.

Reserve Life and Resource Replacement

At 31 December 2025, AngloGold Ashanti held the following resource and reserve inventory:

Category	Gold (million ounces)
Measured & Indicated Mineral Resource	68.0
Inferred Mineral Resource	49.3
Total Mineral Resource (M&I + Inferred)	117.3
Total Mineral Reserve	36.5

A combined Measured, Indicated, and Inferred Mineral Resource exceeding 117 million ounces positions AU in a peer cohort where reserve life and resource replacement attract as much scrutiny as near-term production figures.

Analysts tracking senior gold miners assess reserve replacement ratios annually: a company depleting reserves faster than it replaces them faces a declining production profile regardless of current cash generation. AU's resource base provides a multi-decade runway at current production rates, a factor that supports the long-duration investment thesis applied to senior gold equities.

Geographic Diversification and Jurisdictional Risk

The 38,243-person workforce recorded in 2025 reflects operations spread across multiple continents. This geographic breadth differentiates AU from single-country or single-region operators. Diversification reduces the impact of any one jurisdiction's regulatory change, labour disruption, or political event on overall production.

However, it simultaneously introduces complexity: the company must handle multiple tax regimes, royalty frameworks, environmental standards, and community relations obligations concurrently. A material adverse development in any single jurisdiction can weigh on the stock independently of gold prices or global operational performance.

Capital Returns and Balance Sheet Context

Record free cash flow of approximately $3.1 billion in FY2025, up roughly 254% from FY2024, places AU's capital return capacity and balance sheet trajectory favourably within the senior gold mining peer group during an elevated gold price environment.

That cash generation supports dividend capacity, debt reduction, and potential M&A, all of which carry direct implications for relative valuation versus peers. However, cost pressures visible in Q2 2026 data warrant monitoring.

Mining costs, particularly energy, labour, and consumables, can compress margins even when gold prices remain elevated, a dynamic that has historically driven valuation divergence within the sector.

Positioning for Traders

AU is a sector-leader exposure, not a mid-tier or speculative junior. Its liquidity, index inclusion, and institutional coverage make it a natural vehicle for traders seeking leveraged gold-equity exposure with deep market depth.

For broader sector context and relative positioning across gold equities and other resource stocks, the 2026 Stocks Market Outlook provides relevant macro framing.

Analyst consensus specifics are not available in verified data reviewed here; traders should consult current sell-side research alongside AU's own published guidance before forming a directional view.

Why Trade AU? Price Drivers, Catalysts, and Risk Factors

AngloGold Ashanti's share price is driven by a layered set of variables, the realized gold price, production volumes, operating costs, macro interest rate conditions, and company-specific capital allocation decisions. Understanding each variable independently, and how they interact, is essential for structuring a position in AU.

The Gold Price: Primary Revenue Driver

The realized gold price is the single most consequential input to AU's financial results. In Q2 2026, the average gold price received was $4,446 per ounce, a 35% increase year-on-year. Because every ounce sold converts at that realized price, a sustained change in gold market conditions flows directly into top-line revenue before any cost offsets apply.

This price sensitivity is asymmetric in both directions: the same mechanism that amplifies revenue in a gold bull market compresses it sharply when gold retreats.

The macro backdrop shapes gold's own trajectory. As of August 2026, the U.S. 10-year Treasury yield stood at 4.69%. Higher real yields increase the opportunity cost of holding non-yielding assets such as gold, historically exerting downward pressure on the metal.

The VIX, at 15.13 as of August 2026, indicates a relatively subdued equity volatility environment, which tends to reduce the safe-haven bid for gold. Traders should track both variables as leading indicators for AU, not just gold spot price alone.

Operating Costs: The Competing Force

Higher gold prices do not translate proportionally into margin expansion when costs are also rising. Total cash costs increased to $1,100 million in Q2 2026, up from $985 million in Q2 2025. That increase of roughly 12% year-on-year demonstrates that input cost inflation, labour, energy, reagents, and sustaining capital, partially neutralises the revenue benefit of a higher gold price.

The margin that remains after deducting cash costs per ounce is what ultimately determines free cash flow, and that margin can be squeezed even in a rising-price environment if cost inflation runs faster than price gains.

Sustaining capital expenditure reached $638 million year-to-date through June 2026. This figure is not discretionary in the near term: sustaining capex maintains existing mine throughput and safety standards. It represents a floor on cash outflows that persists regardless of gold price conditions.

Production Volume: Headwinds to Watch

Revenue is the product of both price and volume. H1 2026 group gold production of 1,468,000 ounces came in below the prior-year H1 figure of 1,524,000 ounces, a volume shortfall of approximately 4%. When volume trends decline while costs rise, the margin compression effect is compounded.

Traders modelling AU's forward earnings should not assume that a favourable gold price environment automatically translates into proportionally stronger results; volume delivery matters equally.

Key Catalysts to Monitor

Several identifiable events can move AU's share price with limited warning:

Catalyst	Mechanism
Quarterly earnings (Form 6-K filings)	Realized price, cost, and production data vs. market expectations
Gold spot price movements	Direct revenue-per-ounce impact
Currency moves in operating jurisdictions	Local cost bases denominated in non-USD currencies affect USD margins
Capital allocation announcements	Capex guidance changes affect free cash flow projections
Mineral Reserve estimate updates	Changes to the economically extractable resource base affect long-term asset valuation

Risk Factors

Several structural and situational risks work against AU positions:

Gold price reversal. A sustained decline in gold, driven by rising real yields, dollar strength, or reduced safe-haven demand, would compress revenue without a proportional reduction in fixed costs.

Cost overruns. Mining operations are exposed to energy price spikes, wage inflation in operating jurisdictions, and supply chain disruptions. If total cash costs continue rising faster than the gold price, margin contraction can persist even in a bullish gold environment.

Production shortfalls. Geotechnical events, regulatory delays, or operational disruptions at individual mines can reduce volume delivery against guidance, creating negative earnings surprises.

Currency risk. Operating costs in local currencies but revenue in USD means that USD weakness against currencies in operating jurisdictions raises effective unit costs.

Macro rate sensitivity. A shift toward higher-for-longer U.S. rate policy could suppress gold prices for extended periods, weighing disproportionately on gold equities relative to gold itself due to operating leverage running in reverse.

Traders evaluating AU within a broader equities allocation may also find context in the 2026 Stocks Market Outlook, which covers sector-level dynamics relevant to commodity-linked equities.

Valuation & peers

Multiples vs peers + third-party analyst targets

Peer Valuation Comparison

How this stock trades versus comparable listed companies on trailing valuation multiples.

Company	Market cap	P/E	P/S
AngloGold Ashanti PLC · AU	$60.8B	16.0x	5.1x
Newmont Corporation · NEM	$137.8B	16.5x	6.1x
Agnico Eagle Mines Limited · AEM	$109.5B	18.6x	7.6x
Wheaton Precious Metals Corp. · WPM	$72.3B	35.3x	22.8x
Franco-Nevada Corporation · FNV	$51.6B	34.9x	22.3x
Gold Fields Limited · GFI	$42.4B	11.6x	4.7x

Third-party ratios (FMP), trailing twelve months. Multiples vary by data window; a negative or absent P/E means the company is loss-making. Not investment advice.

Analyst Price Targets

Buy

Wall Street sell-side analysts’ consensus 12-month price target and rating for this stock.

Consensus target

$95.20-21.0%

Target range

$42.00 – $128.00

Price-target coverage

6 analysts

Analyst ratings (14)

Buy 9Hold 3Sell 2

Targets by firm

Latest target from each of the 5 firms whose call was reported in the past 180 days. Each row links to the report.

Firm	Target	vs current
UBS2026-07-28 · StreetInsider	$85.00	-29.5%
Scotiabank2026-07-14 · TheFly	$128.00	+6.2%
RBC Capital2026-07-09 · TheFly	$111.00	-7.9%
Roth Capital2026-06-24 · TheFly	$110.00	-8.7%
Goldman Sachs2026-06-01 · StreetInsider	$42.00	-65.2%

Source: aggregated sell-side analyst consensus · as of 2026-08-24. These are third-party analyst opinions — not CoinUnited’s view, not a price prediction, and not investment advice.

Scenario calculator

Pick a third-party reference level and see what it implies at leverage. Reference levels only - not a CoinUnited forecast.

Scenario price

$122.98

+0.0% vs current

Your margin (USD)Leverage

Position size $100,000.00

P&L at this scenario (long)

+$0.00

Loss if liquidated -$1,000.00 (the full margin)

Liquidation price (long): $121.75 — a move of -1.0%

Trade AU

Simplified: excludes fees, funding and slippage. Reference levels are third-party marks (CoinUnited daily kline; aggregated sell-side analyst targets), not forecasts. Leverage magnifies losses as much as gains - at high leverage a small adverse move liquidates the position. Not investment advice.

Catalysts & news

Dated third-party developments · newest first

Catalyst Timeline

Dated third-party developments that move the stock — newest first, each classified bullish or bearish and linked to its source.

2026-11-05
Next quarterly earnings◆ Scheduled
Next scheduled quarterly earnings report (2026-11-05). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.
Finnhub
2026-08-17
AngloGold Ashanti up 17% YTD with 4.5% dividend▲ Bullish
OVV YTD mountain Ovintiv shares in 2026 Gold miner AngloGold Ashanti has surged about 17% in 2026, and the stock offers a current dividend yield of about 4.5%.
CNBC
2026-07-15
Full-year profit nearly triples on record gold prices▲ Bullish
AngloGold Ashanti on Friday posted a near tripling in full-year profit, mainly driven by record gold prices and increased production, and declared reserves of nearly 5 million ounces at its U.S greenfield project.
Reuters
2026-05-08
Higher gold prices drive record cash flow, dividend hike▲ Bullish
AngloGold Ashanti AU -1.14%decrease; said higher gold prices helped deliver a jump in quarterly earnings, with record free cash flow enabling an up to $2 billion share buyback and higher dividend.
The Wall Street Journal
2026-02-20
Gold prices 45% higher, quarterly dividend $1.73 per share▲ Bullish
As spot gold prices surged more than 60% last year to a series of record highs, the company received an average gold price 45% above the previous year, helping it declare a quarterly dividend of $1.73 per share.
Reuters
2025-08-01
Q2 profit surges 151% on record gold prices▲ Bullish
1Reuters) AngloGoldanti (AU.N) reported a remarkable 151% increase in its second-quarter profits, fueled by unprecedented gold prices and heightened production levels, enabling the firm to raise its quarterly dividend, as announced on…
Reuters

Machine-readable table — same developments, with source

Recent third-party developments classified bullish / bearish for the stock; verbatim, sourced.

Date	Development	Direction	Source
2026-11-05	Next scheduled quarterly earnings report (2026-11-05). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.	◆ Scheduled	Finnhub
2026-08-17	OVV YTD mountain Ovintiv shares in 2026 Gold miner AngloGold Ashanti has surged about 17% in 2026, and the stock offers a current dividend yield of about 4.5%.	▲ Bullish	CNBC
2026-07-15	AngloGold Ashanti on Friday posted a near tripling in full-year profit, mainly driven by record gold prices and increased production, and declared reserves of nearly 5 million ounces at its U.S greenfield project.	▲ Bullish	Reuters
2026-05-08	AngloGold Ashanti AU -1.14%decrease; said higher gold prices helped deliver a jump in quarterly earnings, with record free cash flow enabling an up to $2 billion share buyback and higher dividend.	▲ Bullish	The Wall Street Journal
2026-02-20	As spot gold prices surged more than 60% last year to a series of record highs, the company received an average gold price 45% above the previous year, helping it declare a quarterly dividend of $1.73 per share.	▲ Bullish	Reuters
2025-08-01	1Reuters) AngloGoldanti (AU.N) reported a remarkable 151% increase in its second-quarter profits, fueled by unprecedented gold prices and heightened production levels, enabling the firm to raise its quarterly dividend, as announced on…	▲ Bullish	Reuters

मुख्य निष्कर्ष

•AU performance is closely tied to quarterly earnings results and forward guidance.
•Sector rotation and institutional fund flows can drive significant price moves.
•Macro sensitivity remains high — Fed policy, inflation data, and yield curves all influence valuation.

How to trade it

Trading stock CFDs on CoinUnited + strategy

व्यापार शासन स्थिति

लीवरेज

1000x

(CoinUnited.io पर अधिकतम)

अस्थिरता

सामान्य

(4.39% 24h)

How the AU CFD works

Before you trade, understand exactly what you get, what you don't, and where the risk sits.

What you buy

Price exposure to the AU reference (a synthetic CFD) that tracks the CoinUnited reference up and down.

What you do NOT get

It is not equity: no shares, no voting rights; dividends are reflected as an adjustment, not paid to you.

Basis / session risk

The CoinUnited reference tracks the share price but can differ from the exchange price; extended-hours liquidity is thinner.

Leverage illustration: with $100 margin at 1000× leverage you open a $100,000 notional position; if price moves against you to the liquidation level the position is force-closed. High leverage magnifies both profit and liquidation risk.

Trading conditions on CoinUnited

Fee schedule as of 2026-08-19

Product type	CFD	Synthetic price exposure. You do not hold the underlying asset.
Trading fee	0.070%	Per side, at the standard tier. Falls with 30-day volume and reaches 0.000% at VIP 9.
Trading hours	Market session	Follows the market session and is closed at weekends and on market holidays.
Maximum leverage	1000x	Availability and the maximum depend on product, jurisdiction and account eligibility. Leverage amplifies losses and positions can be liquidated.
Direction	Long or short	Take a position in either direction. A short position profits when the price falls and loses when it rises.
Funding	Crypto deposit	Fund and withdraw in crypto. No bank transfer or card is required.

See the full fee schedule →

Trading AU CFDs on CoinUnited.io: Mechanics, Conditions, and Strategy

The CoinUnited AU instrument is a Contract for Difference (CFD) that tracks the price of AngloGold Ashanti PLC as listed on the NYSE. It provides leveraged price exposure only. It does not confer shareholding, voting rights, or entitlement to dividends. A trader opening a position is taking a directional view on AU's price movement, not acquiring any interest in the underlying company.

Instrument Mechanics

The CFD settles in profit or loss based on the difference between entry and exit price, multiplied by position size and leverage. Because the position is synthetic, it can be entered long or short with equal mechanical simplicity, a feature relevant to traders who want exposure to AU's historically amplified reactions to gold price moves in either direction.

Accounts are funded and withdrawn in crypto. No traditional bank account or paperwork is required to participate.

Session Hours and Weekend Gap Risk

The AU CFD follows a scheduled trading session aligned with underlying market hours. It is closed at weekends and observes market holidays. This is a concrete structural consideration: it is not a 24/7 instrument.

The precise session schedule and applicable holiday calendar are displayed on the platform before any trade is placed, traders should consult that calendar rather than assuming continuous availability.

Weekend gap risk is a material factor for this instrument. If significant news emerges between Friday's close and Monday's open, a macro event, a gold price shock, an earnings pre-announcement, or an operational update, the opening price on Monday may differ substantially from Friday's close.

A leveraged CFD position held over the weekend carries exposure to that gap without the ability to react in real time.

Leverage Specification

The maximum leverage available on the AU CFD is 1000x, subject to product, jurisdiction, and account eligibility conditions. Leverage amplifies both gains and losses proportionately. A worked example illustrates the arithmetic:

Parameter	Value
Margin posted	$100
Leverage applied	1000x
Notional exposure	$100,000
1% adverse price move	–$1,000 mark-to-market loss
Loss relative to margin	10x the initial margin

In this example, a 1% adverse move against the position produces a loss ten times the posted margin. A move of 0.1% in the wrong direction eliminates the full margin. Positions reaching the liquidation threshold are closed automatically. Traders should calibrate position size to their loss tolerance before opening, not after.

Fee Structure

Trading fees apply and are not zero at the standard tier. The schedule is tiered across nine VIP levels, determined by 30-day contract volume. The zero-fee rate applies only at VIP 9, which requires qualifying volume or balance thresholds that are substantial. The applicable fee rate at any given tier is rendered live on the instrument page.

The full schedule is published at https://coinunited.io/en/account/trading-fees and should be reviewed before sizing positions, because fees accumulate as a function of notional value at any leverage level and affect net P&L regardless of direction.

Earnings Windows and Event Risk

AngloGold Ashanti files quarterly Form 6-K reports, creating predictable windows of elevated volatility. The Q2 2026 filing showed a 35% year-on-year increase in average realized gold price alongside rising cash costs and lower production volume.

The interaction of these variables, higher revenue per ounce but compressed margins and reduced output, can produce sharp, fast price reactions as the market recalibrates its earnings model in real time.

Holding a leveraged CFD through an earnings release carries specific risks: price gaps can occur at the open following after-hours disclosures, bid-ask spreads may widen around the announcement, and stop orders, while useful, cannot guarantee execution at the specified level if price gaps through it.

Reducing position size ahead of a known catalyst, or avoiding overnight holds into a release date, are conventional risk-management approaches, neither eliminates risk, but both reduce the magnitude of potential adverse outcomes.

Practical Risk Management Considerations

For a leveraged instrument tracking a volatile gold equity, a few structural points are worth holding in mind:

-Position sizing: At high leverage multiples, even small percentage moves produce large P&L swings. Sizing relative to available margin, not desired exposure, is the more disciplined approach.
-Stop placement: Pre-set stop orders define the maximum loss per trade. On a gapped open, execution occurs at the first available price, which may differ from the stop level.
-Event calendar awareness: The AU earnings cycle, Federal Reserve policy dates, and major gold market reports (such as producer surveys or central bank purchase data) are foreseeable volatility sources. The 2026 Stocks Market Outlook provides broader context for how macro conditions are currently framing equity risk.
-Fee drag: At high turnover, fee costs compound. Reviewing the applicable tier rate before entry is a basic step that has a direct effect on net return calculations.

⚡1000x💰0% Fee⏱️10s Start🌐24/7

AU के लिए व्यापार करने के लिए तैयार?

1000x तक का लीवरेज

अब AU का व्यापार करें

Understand the risks

Read before trading

Trading Risks

An honest, up-front list of the risks — both out of respect for the trader and as a YMYL compliance requirement.

Leverage / Liquidation

High leverage means a small adverse move can trigger forced liquidation and loss of your full margin.

High-valuation volatility

A high P/E stock is very sensitive to interest-rate and narrative shifts; swings can be large.

Session gaps

After-hours and weekend gaps; extended-hours liquidity is thinner than the regular session.

Basis risk

The CFD reference price can diverge from the exchange execution price.

Earnings volatility

Price swings widen around earnings dates and other scheduled disclosures.

Regulatory / event

Recalls, policy changes, or company-specific events can cause sharp moves.

Reference

FAQ & glossary

अक्सर पूछे जाने वाले प्रश्न

AngloGold Ashanti PLC is a global gold mining company engaged in the exploration, extraction, and processing of gold, with silver produced as a meaningful by-product. Its operations span multiple continents, including Africa, the Americas, and Australia, making it one of the more geographically diversified gold producers by mine portfolio. The company's revenue model is straightforward: it mines gold ore, processes it into refined metal, and sells the output at prevailing market prices. By-products such as silver contribute supplemental revenue. In 2025, the company reported silver by-product production of 3.70 million ounces alongside its primary gold output, illustrating the breadth of its extraction activities. Traders accessing AU price exposure via a CFD position on CoinUnited are tracking the market performance of this mining business, not acquiring shareholding, voting rights, or entitlement to dividends. The company's operational scale, mine diversification, and cost management are the core variables that drive its financial results and, in turn, its share price.

Glossary

Key listed-stock and CFD terms, one line each — so the page is unambiguous for both readers and AI answer engines.

Stock CFD	A contract for difference on a share price — price exposure only, not ownership of the underlying shares.
Extended hours	Pre-market and after-hours trading outside the exchange’s regular session.
Basis risk	The risk that the CFD reference price and the exchange execution price do not move in step.
P/E	Price-to-earnings ratio = share price ÷ earnings per share; a common valuation gauge.
Gross margin	Gross profit ÷ revenue; reflects product-level profitability.
EPS	Earnings per share = net income ÷ diluted shares outstanding.

प्रतीक

मार्केट

स्टॉक्स

CU उत्पाद कोड

Source Map

Every figure on this page traces to a primary or named third-party source. "As of" dates the source; "last checked" dates our most recent read of it.

Every figure here is also published as machine-readable data, and re-checked on a schedule so a stale one shows up as stale. View the raw data

Field	Value	Source	As of	Last checked
Reference price	live	CoinUnited stock CFD reference (live)	—	—	—
52-week range	$119.94 – $120.81	CoinUnited daily kline	—	—	—
Next earnings	2026-11-05	Finnhub	—	—	—
Analyst price targets	$95.20 consensus	Aggregated sell-side analyst consensus	2026-08-24	—	—
Peer valuations	6 peers	Third-party ratios (FMP), trailing twelve months	2026-08-24	—	—
Founded	2004	Wikidata	—	—	—
Headquarters	Johannesburg	Wikidata	—	—	—
Industry	mining	Wikidata	—	—	—
CoinUnited product	Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage available, extended/24h	CoinUnited product terms	—	—	—

लेखक के बारे में

CoinUnited.io Research Team

This AngloGold Ashanti PLC page is compiled by CoinUnited.io's research team: analysts covering listed equities and global markets, working from primary filings and named third-party data rather than opinion.

हमारी अनुसंधान पद्धति

Every figure is traced to a primary or named third-party source and dated: financial statements from the company’s SEC filings, institutional ownership from Form 13F, analyst targets from aggregated third-party coverage, and market data from the CoinUnited reference price. The Source Map on this page lists each one with its source and the date we last checked it.

Disclaimer: content is for informational and educational purposes only and is not personalized financial advice. A stock CFD carries significant risk and provides price exposure only, not equity ownership. Always conduct your own research and consult a qualified financial advisor.

अस्वीकरण और संदर्भ

महत्वपूर्ण जोखिम डिस्क्लेमर

A CoinUnited stock CFD gives price exposure to AngloGold Ashanti PLC only, not equity ownership: no shareholder voting rights, no dividends, and no settlement in the underlying share.

Leverage magnifies losses as well as gains, and a position can be liquidated long before the underlying share price recovers. The underlying listing trades on exchange hours, so the reference price can gap between sessions.

उपयोगकर्ताओं को खुद शोध करना चाहिए और किसी भी निवेश निर्णय से पहले योग्य वित्तीय विशेषज्ञों से सलाह लेनी चाहिए। इस मंच के निर्माता और ऑपरेटर द्वारा दी गई जानकारी पर विश्वास करने से होने वाले किसी भी वित्तीय नुकसान या अन्य हानियों के लिए कोई ज़िम्मेदारी नहीं ली जाती है।

Leveraged trading is extremely risky and you may lose your entire deposit.

पद्धति अवलोकन

Figures on this page are compiled from primary and named third-party sources, not produced by a forecasting model. Each one carries its source and date in the Source Map above.

Financial statements: the company’s own SEC filings (10-K / 10-Q), read from XBRL
Market data: the CoinUnited reference price and daily closes
Institutional ownership: SEC Form 13F quarterly filings
Analyst targets: aggregated third-party sell-side coverage — third-party opinion, not CoinUnited’s view
Peer multiples: third-party trailing-twelve-month ratios

CoinUnited does not publish a price forecast or target for AngloGold Ashanti PLC.

अंतिम पद्धति समीक्षा: