Equity Profile

AU

AngloGold Ashanti plc

MaterialsGold$42.5B

May8Fri

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:05 AM EDT

AngloGold Ashanti Beats on EPS, Stock Up 0.0%

Metric	Actual	Expected	Surprise
EPS	$2.52	N/A	+14.03%
Revenue	N/A	N/A	N/A

management commentary, guidance changes, and full analysis available with Pro.

AngloGold Ashanti Beats on EPS, Stock Up 0.0%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.52	N/A	+14.03%
Revenue	N/A	N/A	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based solely on numerical results.

What It Means

AngloGold Ashanti reported an EPS of $2.52, exceeding expectations by 14.03%. However, the stock reaction was flat, indicating that investors may have already priced in these results or are awaiting further information. The lack of revenue data and management commentary leaves some uncertainty about the company's overall performance and future direction.

Company Snapshot

AngloGold Ashanti plc is a global gold mining company based in the materials sector. With a market cap of $51 billion, it plays a significant role in the gold industry, which is influenced by factors like commodity prices and global economic conditions.

Key Metrics to Watch

Gold Production

This metric indicates the company's operational efficiency and ability to meet market demand.

N/A

Cost per Ounce

Understanding the cost to produce gold is crucial for assessing profitability, especially in fluctuating gold price environments.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-60.90%

Avg Stock Reaction

+3.55%

Last Quarter Recap

In the last quarter, AngloGold reported earnings per share (EPS) of $1.32, slightly below the expected $1.34. The stock reacted positively, increasing by 7.09% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautious ahead of the earnings report, particularly due to the lack of analyst estimates and management guidance. The market is watching for any signs of operational efficiency and cost management.

Bull Case

If the company reports strong gold production and keeps costs low, it could lead to higher profits, boosting investor confidence.

Bear Case

Conversely, if production costs rise or gold output falls, it could negatively impact profitability and lead to a decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the gold production figure for this quarter?

Gold production levels will directly impact revenue and profitability, making it a key focus for investors.

What is the company's cost per ounce for gold production?

Understanding production costs will help assess the company's profitability in the current gold price environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of operational improvements that could lead to lower production costs this quarter.

Supporting Evidence

Recent trends in gold prices suggest a potential for higher margins.

The company's historical ability to manage costs effectively in previous quarters.

Options pricing indicates a higher expected move, suggesting traders anticipate significant news.

Key Risk

If production costs come in lower than expected, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter hinges on the balance between production efficiency and cost management in a volatile gold market.

Bull Confirmed If

Gold production exceeding expectations while maintaining a cost per ounce below $1,000.

Bear Confirmed If

Gold production falling below 1 million ounces or costs per ounce rising above $1,200.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

Historical Avg

±4.4%

In line with history

The options market is pricing in a 5% move, suggesting that traders expect significant volatility around the earnings report.

Options are pricing ±5.0% while AU has averaged ±4.4% over the last 8 prints — setup is roughly in line with history.

Detail

30d HV

69.5%

Calls (52K)P/C Ratio: 0.55Puts (25K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AngloGold beats expectations, history suggests the stock could rise by around 4.05%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may see a muted reaction, reflecting uncertainty.

Miss

Should the company miss expectations, the average historical reaction suggests a potential decline of around 0.40%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies or cost-cutting measures.
2Insights into gold market trends and their potential impact on future production.
3Management's outlook on gold prices and demand.
4Details on any new mining projects or expansions.
5Comments on cash flow and dividend policies.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

May5

GPKReported

Graphic Packaging Holding Company

RecapView

May5

IDXXReported

Company Snapshot

Key Metrics to Watch

Gold Production

This metric indicates the company's operational efficiency and ability to meet market demand.

N/A

Cost per Ounce

Understanding the cost to produce gold is crucial for assessing profitability, especially in fluctuating gold price environments.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-60.90%

Avg Stock Reaction

+3.55%

Last Quarter Recap

In the last quarter, AngloGold reported earnings per share (EPS) of $1.32, slightly below the expected $1.34. The stock reacted positively, increasing by 7.09% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If the company reports strong gold production and keeps costs low, it could lead to higher profits, boosting investor confidence.

Bear Case

Conversely, if production costs rise or gold output falls, it could negatively impact profitability and lead to a decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the gold production figure for this quarter?

Gold production levels will directly impact revenue and profitability, making it a key focus for investors.

What is the company's cost per ounce for gold production?

Understanding production costs will help assess the company's profitability in the current gold price environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of operational improvements that could lead to lower production costs this quarter.

Supporting Evidence

Recent trends in gold prices suggest a potential for higher margins.

The company's historical ability to manage costs effectively in previous quarters.

Options pricing indicates a higher expected move, suggesting traders anticipate significant news.

Key Risk

If production costs come in lower than expected, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter hinges on the balance between production efficiency and cost management in a volatile gold market.

Bull Confirmed If

Gold production exceeding expectations while maintaining a cost per ounce below $1,000.

Bear Confirmed If

Gold production falling below 1 million ounces or costs per ounce rising above $1,200.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

Historical Avg

±4.4%

In line with history

The options market is pricing in a 5% move, suggesting that traders expect significant volatility around the earnings report.

Options are pricing ±5.0% while AU has averaged ±4.4% over the last 8 prints — setup is roughly in line with history.

Detail

30d HV

69.5%

Calls (52K)P/C Ratio: 0.55Puts (25K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AngloGold beats expectations, history suggests the stock could rise by around 4.05%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may see a muted reaction, reflecting uncertainty.

Miss

Should the company miss expectations, the average historical reaction suggests a potential decline of around 0.40%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies or cost-cutting measures.
2Insights into gold market trends and their potential impact on future production.
3Management's outlook on gold prices and demand.
4Details on any new mining projects or expansions.
5Comments on cash flow and dividend policies.