AngloGold plans $900 million mine expansion amid stronger profit

AI desk brief

AngloGold Ashanti plans up to $900 million in brownfield expansions, targeting 300,000–450,000 additional ounces by 2030, with projected real internal rates of return above 35%. Geita would receive up to $580 million to lift output to 600,000 ounces. Q3 2026 EBITDA rose 12% year-on-year to $1.568 billion as realized gold prices increased to $4,239/oz from $3,490/oz; production costs rose 3.65% quarter-on-quarter to $1,534/oz. Full-year output guidance remains 2.80–3.17 million ounces. Sukari operations resumed after a fatal rockfall suspension. The expansion could add longer-term supply if delivered, but establishes no near-term bullion-price direction.