AngloGold Ashanti (JSE: ANG): 149% Cash Flow Boom and Nevada
https://themoneymaze.co.za/episodes/anglogolds-149-cash-flow-boom-nevada-ambition/
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0:00 Welcome back to the Maze Dive, our Sunday deep dive from the money Maze where we take a single JSE listed company that's been making headlines, chop it up like a good Bunny chow and see if there's some juicy investment flailing inside. Today's pick Anglo Gold Ashanti. These oaks didn't just Polish their gold bars, they through a whole glitter party. 21% jump in gold production, free cash flow up 149 percent and a dividend that'll make the income hunters smile wider than a bury roll on payday and justice. When you thought they were done.
0:40 They also went shopping in Nevada because why not turn the desert into a golden buffet? So let's dig into this. Q2 2025 saw Anglo Gold rake in 535 million in free cash flow. That's up from 215,000,000 a year ago. That's like moving from Castle Light to moay overnight.
1:04 I hope I pronounced correct. The mind recipe. Higher gold prices and more production muscle. So let's look at financial Nuggets. In normal plain English, gold price is at $3287.00 per oz. That's like selling bull Tong for 1000 Rand stick gold production. They up 21% year on year to 804,000 oz. Obuasi in Ghana and guitar in Tanzania brought the muscle, while Sukari in Egypt joined the party after the sentiment acquisition.
1:42 Revenue 2.4 billion, nearly double last year's $1.3 billion. That's what happens when you have both volume and price on your side. Headline earnings $639 million, or $1.25 per share. That's up 151% from last year. Yep, that's some lack of growth debt. Well adjusted net debt dropped 92% to just $92 million.
2:11 They're basically almost debt free. That's the financial equivalent of paying off your Edgars account and feeling like a bowler. Now let's get to the big one. The cherry on top? An interim dividend of 80 US cents per share. This isn't just a mandatory minimum payment. The board decided to spoil shareholders early by paying half of free cash flow up front. In a Mzanzi terms, that's like being given your Christmas bonus in July.
2:41 Now strategic moves the Nevada gold rush. Anglo Gold isn't just banking profits type playing Monopoly. In real life, they've been consolidating the BI district in Nevada planning to acquire Augusta Gold. Why? Well, to tighten their grip on one of the hottest emerging gold districts in the US Think of it as buying up all the prime beach front plots before everyone else pictures the umbrellas. So operational wins and challenges. While they managed operations delivered at 25% jump in production to 729,000 oz.
3:19 Safety is also shining with a record low injury frequency of 0.80 per million hours worked. Proving you can dig for gold without digging your own grave costs the dry slightly. All in sustaining cost 1000, $666 per oz, that's up 7%. But when you're selling price is over $3200 an ounce, that's a gross margin even the big banks would envy the quiddity.
3:51 And the balance sheet had a bit of a glow up. Liquidity now sits at $3.4 billion, including two billion cash. Their net debt to EBITDA ratio is basically zero. We're looking at a .02 * 2 the exact. If Anglo Gold were a friend, they'd be the one who buys a Hilux cash and still has money left to throw A massive big Bry O the investor.
4:18 Takeaways. Strong difference signal plus almost no debt equals confidence. Gold price tailwinds plus the Nevada expansion equals long term growth story risks. Well, gold prices are as Moody as the Eskom CEO's resignation schedule. If prices dip, so will all of these fat margins. So your stock fell start to back.
4:41 For the JSC Jedi, Anglo Gold, Ashanti addition, the few cash flow is 535,000,000. That's an increase of about 149%. Gold price is sitting at $3287.00 an ounce. Production is up 12% year on year. Dividend $0.80 per share which is an interim dividend. Net debt is down 92% to just $92 million. Strategy while the Nevada expansion, which means more gold consolidation, And while my jokes may sparkle brighter than a Krugerrand, this is not financial advice. Please do your own research.
5:21 Chat to a licensed advisor. We'll catch you next Sunday for another maize dive where we take a deep dive into a single company that made the news headlines this week. Till then have a lack of week.