JSE: ANG - ANGLOGOLD ASHANTI Q4 AND FULL YEAR EARNINGS REPORT AND DIVIDEND ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2025
- Earnings Release Date: The earnings release for the company is scheduled for December 31, 2025.
- Dividend Declaration: A declaration regarding dividends will also be made alongside the earnings release.
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- Portfolio Rebalancing: Amid recent market volatility, Inside Edge Capital executed three portfolio adjustments, reallocating 2% to the short-term Treasury ETF (BIL) and 5% to the inverse Nasdaq ETF (PSQ) to mitigate potential downside risks.
- Gold Holdings Reduction: Despite heightened tensions in the Middle East typically driving gold demand, Inside Edge Capital has cut its positions in Anglogold Ashanti PLC and Agnico Eagle Mines Ltd within its Strategic Income & Growth portfolio, reflecting a cautious outlook on gold due to rising real interest rates and a strengthening dollar.
- Emerging Markets Exposure Cut: In response to increasing global risk aversion, Inside Edge Capital has reduced its investments in emerging markets, notably cutting its position in Kinross Gold Corp within its more aggressive Tactical Alpha Growth portfolio, indicating diminished confidence in these markets.
- Market Liquidity Shifts: As U.S. interest rates rise and the dollar strengthens, demand for liquidity in emerging markets has decreased, leading to a flow of funds back to the U.S., with Inside Edge Capital suggesting a potential reassessment of investments related to artificial intelligence in the future.
- Price Range Analysis: The IYM ETF has a 52-week low of $115.07 and a high of $189.805, with the last trade at $167.19, indicating significant price fluctuations over the past year that can help investors assess market performance.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides valuable insights for investors, aiding in the assessment of market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows or outflows, providing timely insights into market dynamics and potential investment opportunities.
- Gold Price Decline: The gold price has dropped approximately 25% from its peak of $5,500 per ounce at the end of January to $4,250, leading to decreased revenues for mining companies and negatively impacting their market valuations.
- Increased Volatility for Miners: Mining companies act as leveraged bets on gold prices, and the recent decline has pressured their stock prices, particularly amid heightened geopolitical risks that have increased market volatility and squeezed profit margins.
- Rising Energy Costs Threat: The oil and gas supply shock has significantly raised energy prices, which poses a genuine threat to miners' profit margins, reminiscent of the sharp production cost increases seen during 2006-07.
- Shift in Market Sentiment: With waning confidence in global economic growth, investors are pulling back from gold investments in favor of higher-yielding government bonds, further diminishing gold's appeal as a safe-haven asset.

Kinross Gold Decline: Kinross Gold's stock has decreased by 7.1%.
Gold Fields Performance: Gold Fields has experienced a drop of 7.2% in its stock value.
AngloGold Ashanti Decrease: AngloGold Ashanti's stock has fallen by 5.1%.
Overall Market Trend: The gold mining sector is facing a downward trend in stock prices.

Market Performance: Newmont's stock has decreased by 7%, while Sibanye Stillwater has seen a decline of 9.7%.
Mining Sector Trends: Barrick Mining's shares have fallen by 5.9%, indicating a downturn in the mining industry.
Gold Prices: Harmony Gold's stock has also dropped by 5%, reflecting broader challenges in the gold market.
Overall Industry Impact: The declines across these companies suggest a significant impact on the mining sector, particularly in gold production.








