Comparative Analysis of AngloGold Ashanti and Newmont
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Fool
- Significant Revenue Growth: AngloGold Ashanti achieved revenue of $9.7 billion in FY 2025, reflecting a 71% increase year-over-year, with net income nearing $2.6 billion, up 160%, showcasing its strong performance and profitability in the global market.
- Strong Financial Health: As of December 2025, AngloGold's debt-to-equity ratio was approximately 0.3, and its current ratio was about 2.9, indicating robust short-term debt coverage and effective financial risk management.
- Market Leadership of Newmont: As the world's largest gold producer, Newmont reported revenue of approximately $22.7 billion in FY 2025, a 21% increase, with net income close to $7.1 billion, demonstrating its stability and profitability in the industry.
- Optimistic Future Outlook: AngloGold's revenue is projected to reach $13.2 billion in 2026, a 37% increase, while Newmont's revenue is expected to grow by 25% to $28.3 billion, indicating significant profit growth for both companies amid rising gold prices.
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Analyst Views on AU
Wall Street analysts forecast AU stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 84.050
Low
92.00
Averages
116.20
High
131.00
Current: 84.050
Low
92.00
Averages
116.20
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in over 10 countries, across four continents. The Company’s diverse portfolio includes approximately 10 operations in eight countries, which includes Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia. The Americas hosts three of its operations, one in Argentina and two in Brazil, and a significant new greenfield development in Nevada in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Comparative Analysis of AngloGold Ashanti and Newmont
- Significant Revenue Growth: AngloGold Ashanti achieved revenue of $9.7 billion in FY 2025, reflecting a 71% increase year-over-year, with net income nearing $2.6 billion, up 160%, showcasing its strong performance and profitability in the global market.
- Strong Financial Health: As of December 2025, AngloGold's debt-to-equity ratio was approximately 0.3, and its current ratio was about 2.9, indicating robust short-term debt coverage and effective financial risk management.
- Market Leadership of Newmont: As the world's largest gold producer, Newmont reported revenue of approximately $22.7 billion in FY 2025, a 21% increase, with net income close to $7.1 billion, demonstrating its stability and profitability in the industry.
- Optimistic Future Outlook: AngloGold's revenue is projected to reach $13.2 billion in 2026, a 37% increase, while Newmont's revenue is expected to grow by 25% to $28.3 billion, indicating significant profit growth for both companies amid rising gold prices.
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AngloGold Ashanti Reports Explosive Revenue Growth in FY 2025
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- Strong Financial Health: As of December 2025, AngloGold's debt-to-equity ratio stood at approximately 0.3, and its current ratio was around 2.9, indicating a solid ability to cover short-term liabilities and effectively manage financial risks.
- Beneficial Gold Price Surge: Gold prices have more than doubled since early 2024, and despite a recent dip to the low $4,000 range, they still provide substantial profit margins for both AngloGold and Newmont, with AngloGold's revenue projected to reach $13.2 billion in 2026, a 37% increase.
- Attractive Dividend Yield: AngloGold boasts a forward dividend yield of 5.7%, significantly higher than Newmont's 1.1%, making it more appealing to investors, especially in the context of rising gold prices.
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Lake Victoria Gold Secures Approval for Tanzanian Project
- Project Approval Milestone: Lake Victoria Gold received approval from the Tanzania Mining Commission on June 29, 2026, formally appointing City Engineering Company Ltd. as the primary EPCM contractor for the Imwelo Gold Project, marking a significant step toward construction.
- Integrated Delivery Framework: The approved EPCM structure consolidates engineering and development workstreams under a single Tanzanian-led framework, enhancing project management efficiency and laying the groundwork for future construction decisions, reflecting improved operational discipline.
- Advancing Financing Activities: Lake Victoria Gold is negotiating with Monetary Metals & Co. for a gold loan facility of up to $25 million, which will provide essential funding support for the project's further development, ensuring it progresses as planned.
- Compliance with Local Content Regulations: The company adheres strictly to Tanzania's Mining (Local Content) Regulations, collaborating with local firms not only to meet regulatory requirements but also to enhance local professional participation, thereby increasing the project's sustainability and social responsibility.
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Mixed Close for US Stocks as Chipmakers Continue to Decline
- Market Divergence: On Thursday, the S&P 500 closed unchanged, while the Dow Jones Industrial Average rose 1.14% to a new all-time high, and the Nasdaq 100 fell 1.61%, indicating a split in market sentiment, particularly due to the ongoing weakness in chip stocks impacting the broader market.
- Employment Data Impact: US nonfarm payrolls rose by 57,000 in June, significantly below the expected 113,000, although the unemployment rate unexpectedly fell to a one-year low of 4.2%, suggesting a stronger labor market than anticipated, which may influence the Fed's interest rate decisions.
- Chipmaker Declines: Chipmakers faced another sell-off on Thursday, with the iShares Semiconductor ETF dropping over 5%, and SanDisk and KLA Corp falling more than 14% and 12%, respectively, reflecting growing market concerns over the sustainability of the AI buildout boom.
- Oil Price Decline Impact: WTI crude oil prices fell to a fresh 4.25-month low as UAE ramped up shipments by 30% in June, restoring exports to pre-war levels, a trend that may further lower inflation expectations and affect market sentiment.
See More
Mixed Performance in US Stocks as Nasdaq Faces Pressure
- Employment Data Impact: US nonfarm payrolls rose by 57,000 in June, significantly below the expected 113,000, with May's figures revised down to 129,000, indicating a slowdown in the labor market that could influence the Fed's interest rate decisions and suppress stock market performance.
- Mixed Market Performance: The S&P 500 index is up 0.10% and the Dow Jones Industrial Average is up 0.85%, while the Nasdaq 100 index is down 0.92%, reflecting cautious sentiment towards tech stocks, particularly amid ongoing weakness in chipmakers and AI infrastructure stocks.
- International Market Dynamics: Overseas stock markets are generally rising, with the Euro Stoxx 50 reaching a new record high, indicating global investor optimism about economic recovery, which may provide support for the US market.
- Oil Price Fluctuations: WTI crude oil prices have fallen over 1% to a fresh 4.25-month low due to increased global supplies, with UAE ramping up shipments by 30% in June, which could impact the performance of energy-related stocks.
See More
Comparative Analysis of AngloGold Ashanti and Newmont
- Significant Revenue Growth: AngloGold Ashanti achieved revenue of $9.7 billion in FY 2025, reflecting a 71% increase year-over-year, with net income nearing $2.6 billion, up 160%, showcasing its strong performance and profitability in the global market.
- Strong Financial Health: As of December 2025, AngloGold's debt-to-equity ratio was approximately 0.3, and its current ratio was about 2.9, indicating robust short-term debt coverage and effective financial risk management.
- Market Leadership of Newmont: As the world's largest gold producer, Newmont reported revenue of approximately $22.7 billion in FY 2025, a 21% increase, with net income close to $7.1 billion, demonstrating its stability and profitability in the industry.
- Optimistic Future Outlook: AngloGold's revenue is projected to reach $13.2 billion in 2026, a 37% increase, while Newmont's revenue is expected to grow by 25% to $28.3 billion, indicating significant profit growth for both companies amid rising gold prices.
See More
AngloGold Ashanti Reports Explosive Revenue Growth in FY 2025
- Significant Revenue Growth: AngloGold Ashanti reported a revenue of $9.7 billion for FY 2025, reflecting a 71% increase year-over-year, with net income soaring to nearly $2.6 billion, a 160% rise, showcasing its robust performance and profitability in the global market.
- Strong Financial Health: As of December 2025, AngloGold's debt-to-equity ratio stood at approximately 0.3, and its current ratio was around 2.9, indicating a solid ability to cover short-term liabilities and effectively manage financial risks.
- Beneficial Gold Price Surge: Gold prices have more than doubled since early 2024, and despite a recent dip to the low $4,000 range, they still provide substantial profit margins for both AngloGold and Newmont, with AngloGold's revenue projected to reach $13.2 billion in 2026, a 37% increase.
- Attractive Dividend Yield: AngloGold boasts a forward dividend yield of 5.7%, significantly higher than Newmont's 1.1%, making it more appealing to investors, especially in the context of rising gold prices.
See More
Lake Victoria Gold Secures Approval for Imwelo Project EPCM Team
- Project Approval Progress: Lake Victoria Gold received approval from the Tanzania Mining Commission on June 29, 2026, formally appointing City Engineering Company Ltd. as the primary EPCM contractor for the Imwelo Gold Project, marking a significant step toward construction.
- Localized Management Model: The EPCM structure combines Tanzanian engineering capabilities with international technical support, aiming to enhance local professional participation and promote economic development in Tanzania through a locally-led project delivery.
- Financing Activities Advancing: Lake Victoria Gold is progressing with a gold loan agreement of up to $25 million with Monetary Metals & Co., which, while still subject to conditions and regulatory approvals, provides financial backing for the project's construction.
- Strategic Significance: Against the backdrop of gold prices nearing record highs, the project's advancement has garnered investor attention, and the consolidation of engineering and development workflows is expected to enhance the company's position in a competitive market.
See More
Lake Victoria Gold Secures Approval for Tanzanian Project
- Project Approval Milestone: Lake Victoria Gold received approval from the Tanzania Mining Commission on June 29, 2026, formally appointing City Engineering Company Ltd. as the primary EPCM contractor for the Imwelo Gold Project, marking a significant step toward construction.
- Integrated Delivery Framework: The approved EPCM structure consolidates engineering and development workstreams under a single Tanzanian-led framework, enhancing project management efficiency and laying the groundwork for future construction decisions, reflecting improved operational discipline.
- Advancing Financing Activities: Lake Victoria Gold is negotiating with Monetary Metals & Co. for a gold loan facility of up to $25 million, which will provide essential funding support for the project's further development, ensuring it progresses as planned.
- Compliance with Local Content Regulations: The company adheres strictly to Tanzania's Mining (Local Content) Regulations, collaborating with local firms not only to meet regulatory requirements but also to enhance local professional participation, thereby increasing the project's sustainability and social responsibility.
See More
