Sector: Gold mining
Geography: South Africa, Ghana, Australia, Argentina
COMM_AU
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/AU
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | FY 2025 (12M) | PARTIAL | 9893.0 y/y 70.8% | 4269.0 y/y 174.9% | 1186.0 y/y 78.1% | 5455.0 y/y 145.8% | 3174.0 y/y 202.6% | 4784.0 | -1449.0 | 15078.0 y/y 14.0% | 8091.0 y/y 22.1% | 43.1% | -647.0 | Link |
| 2024-12-31 | FY 2024 (12M) | PARTIAL | 5793.0 y/y 26.4% | 1553.0 y/y 170.6% | 666.0 y/y 15.0% | 2219.0 y/y 92.5% | 1049.0 y/y — | 1968.0 | -1090.0 | 13230.0 y/y 60.2% | 6629.0 y/y 78.6% | 20.3% | 700.0 | Link |
| 2023-12-31 | FY 2023 (12M) | PARTIAL | 4582.0 y/y — | 574.0 y/y — | 579.0 y/y — | 1153.0 y/y — | -222.0 y/y — | 971.0 | -1042.0 | 8257.0 y/y — | 3711.0 y/y — | — | 1446.0 | Link |
| Short-term debt (incl. ST leases) | 78 |
| Long-term debt (incl. LT leases) | 2 180 |
| − Cash & equivalents | 2 905 |
| Net debt | -647 |
|---|
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Gold
| Year | Reserves, mln oz eq. |
|---|---|
| 2021 | 29.83 |
| 2020 | 29.67 |
| Year | Production, mln ounces | per day |
|---|---|---|
| 2023 | 1.24 −37.3% | 3 386 |
| 2022 | 1.97 −20.3% | 5 400 |
| 2021 | 2.47 +56.7% | 6 773 |
| 2020 | 1.58 | 4 323 |
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 4 042spot vs LTM -5%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -96.3% ▼ -0.4 pp 1d
Main driver: Gold -5% vs LTM; revenue ×0.95 vs costs ×1.18; EBITDA 1 289→82; at 9.4× EV/EBITDA → -96%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | vs LTM, TZS | 3y vs LTM |
|---|---|---|---|---|---|---|---|
| Gold (rev) | +100% | 4 042.15 | 4 246.02 | 3 199.38 | -5% | -4% | -25% |
| US Diesel Index (EIA) (cost) | -15% | 5.13 | 4.22 | 4.11 | +22% | +22% | -3% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 4 534 |
| LTM EBITDA | 1 289 |
| LTM cash costs (revenue − EBITDA) | 3 245 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×0.952 (-5%) |
| = Spot revenue | 4 316 |
| Revenue multiplier — 3y price | ×0.753 (-25%) |
| = 3-year-price revenue | 3 416 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.185 (+18%) |
| = Spot cash costs | 3 844 |
| Cost multiplier — 3y price | ×1.148 (+15%) |
| = 3-year-price cash costs | 3 726 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 473 |
| = 3-year-price EBITDA | -309 |
| Conservative EBITDA = min(spot, avg) | 82 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 9.4x |
| Target EV = EV/EBITDA × conservative EBITDA | 771 |
| Net debt | 1 387 |
| Target market cap = EV − net debt | 1 523 |
| Current market cap | 40 876 |
Upside = target market cap ÷ current − 1 = -96.3%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2022 FY | 4 501 | 4 028 | +11.8% | 1 129 | 1 094 | +3.2% |
| 2023 FY | 4 582 | 4 855 | -5.6% | 755 | 1 529 | -50.6% |
| 2024 FY | 5 793 | 5 634 | +2.8% | 2 459 | 2 035 | +20.8% |
| 2025 FY | 9 893 | 8 341 | +18.6% | 5 578 | 4 761 | +17.1% |
Projected EV/EBITDA 15.5x · target 75th pct (3y) 29.5x · LTM avg 12.1x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of AngloGold Ashanti (AU) — from primary filings.
AngloGold Ashanti plc is a gold mining company with operations in Africa, Australia, and the Americas, also producing by-products such as silver and sulphuric acid. Its portfolio includes the wholly owned Geita mine in Tanzania.