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Strategy

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Our strategy guides the choices we make and actions taken to ensure we create and deliver value in line with our purpose and mission. Our strategy is in effect our purpose in action. It aims to create and preserve value by generating sustainable cash flow improvements. Positive cash flows and returns enable the sharing of value.

Our strategic focus areas

Supporting our strategy for sustainable cash flow improvements and returns

Prioritise people, safety, health and sustainability

This is the foundation of our business and strategy, ensuring alignment between our values, our responsibilities as a corporate citizen, and the long-term sustainability and profitability of the business.

Maintain financial flexibility

Financial strength is fundamental to our ability to invest through the cycle, reward shareholders and pursue strategic opportunities.

Drive operational excellence, optimise costs and capital expenditure

Embed operational discipline by activating our internal optimisation (Full Asset Potential) programme and rigorous cost management systems. These efforts ensure that every operation performs to its full capability, investments are aligned with strategic priorities, and cost structures remain competitive across the cycle.

Maintain long-term optionality

Continually replenishing and increasing our Mineral Resource and Mineral Reserve pipeline helps to sustain the business over time. By discovering, acquiring, developing and exploiting viable orebodies sustainably and efficiently, AngloGold Ashanti positions itself to create long-term value.

Improve portfolio quality

We actively manage our portfolio to enhance overall quality, margins, and mine life. Our goal is a Tier-One focused production mix that delivers superior risk-adjusted returns and supports a premium valuation relative to peers.

To read more about our strategy, the objectives by strategic focus area and the related delivery and performance, see our 2025 Annual Report