Strategy

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 and corporate citizenship responsibilities on the one hand, and the business’s long-term growth, sustainability and profitability on the other.

Maintain financial flexibility

Financial flexibility facilitates access to funding to weather periods of low gold prices, to reward shareholders and to act on strategic opportunities throughout the economic cycle.

Optimise overhead, costs and capital expenditure

Systems are in place to ensure investment and spending are optimally structured and aligned with core business objectives.

Improve portfolio quality

We actively manage our asset portfolio to improve the overall mix of our production base as we strive for a competitive business valuation. This is key to unlocking the full underlying value of the portfolio. We continue to invest in upgrading the overall quality and longevity of our portfolio.

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.

Overall, these strategic focus areas seek to ensure that:

Our portfolio is streamlined, optimised and margin-focused
A robust, disciplined capital allocation framework is in place
Our workforce is engaged, with employee safety, health and well-being as priorities
Responsible corporate citizenship, based on our values, and good governance are the foundation of all that we do

For more detail on our strategy and its related strategic focus areas, see the Annual Report 2024