AngloGold Ashanti PLC
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 26, 2026
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As filed with the Securities and Exchange Commission on 26 March 2026
UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549
FORM 20-F
| ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|---|
| OR | |
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR |
| ☐ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Commission file number:001-41815
AngloGold Ashanti plc
(Exact Name of Registrant as Specified in its Charter)
England and Wales
(Jurisdiction of Incorporation or Organisation)
Third Floor, Hobhouse Court, Suffolk Street
London SW1Y 4HH
United Kingdom
6363 S. Fiddlers Green Circle, Suite 1000
Greenwood Village, CO 80111
United States of America
(Address of Principal Executive Offices)
Gillian Ann Doran, Chief Financial Officer, Telephone: +1 (303) 8890700E-mail: gdoran@aga.gold, 6363 S. Fiddlers Green Circle, Suite 1000, Greenwood Village, CO 80111, United States of America(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered |
|---|---|---|
| Ordinary Shares | AU | New York Stock Exchange |
| 3.375% Notes due 2028 | AU/28 | New York Stock Exchange |
| 3.75% Notes due 2030 | AU/30 | New York Stock Exchange |
| 6.50% Notes due 2040 | AU/40 | New York Stock Exchange |
Securities registered pursuant to Section 12(g) of the Act:
None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
None
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the
annual report:
| Ordinary Shares of $1.00 each | 505,007,465 |
|---|
| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. | Yes ☒ No ☐ |
|---|---|
| If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. | Yes ☐ No ☒ |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. | Yes ☒ No ☐ |
| Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). | Yes ☒ No ☐ |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company.See definition of “large accelerated filer”, “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. | |
| Check one: | Large accelerated filer ☒ | Accelerated filer ☐ | Non-accelerated filer ☐ | Emerging growth company ☐ |
|---|
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use
the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐
† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards
Codification after April 5, 2012.
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over
financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit
report.☒
| If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. | ☒ |
|---|---|
| Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). | ☒ |
| Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: | U.S. GAAP ☐ |
|---|
International Financial Reporting Standards as issued by the International Accounting Standards Board ☒ Other ☐
| If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. | Item 17 ☐ Item 18 ☐ |
|---|---|
| If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). | Yes ☐ No ☒ |
| TABLE OF CONTENTS | |||
|---|---|---|---|
| Page | |||
| Presentation of information | 6 | ||
| Certain forward-looking statements | 8 | ||
| Glossary of selected terms | |||
| Financial terms | 9 | ||
| Currencies | 10 | ||
| Mining terms | 11 | ||
| Abbreviations | 15 | ||
| Part I: | |||
| Item 1: | Identity of directors, senior management and advisors | 21 | |
| Item 2: | Offer statistics and expected timetable | 21 | |
| Item 3: | Key information | 21 | |
| 3A. | [Reserved] | 21 | |
| 3B. | Capitalisation and indebtedness | 21 | |
| 3C. | Reasons for the offer and use of proceeds | 21 | |
| 3D. | Risk factors | 21 | |
| Item 4: | Information on the company | 46 | |
| 4A. | History and development of the company | 46 | |
| 4B. | Business overview | 48 | |
| 4C. | Organisational structure | 93 | |
| 4D. | Property, plants and equipment | 94 | |
| Item 4A: | Unresolved staff comments | 145 | |
| Item 5: | Operating and financial review and prospects | 145 | |
| 5A. | Operating results | 147 | |
| 5B. | Liquidity and capital resources | 172 | |
| 5C. | Research and development, patents and licences, etc. | 179 | |
| 5D. | Trend information | 179 | |
| 5E. | Critical accounting estimates | 179 | |
| Item 6: | Directors, senior management and employees | 179 | |
| 6A. | Directors and senior management | 179 | |
| 6B. | Compensation | 186 | |
| 6C. | Board practices | 191 | |
| 6D. | Employees | 196 | |
| 6E. | Share ownership | 197 | |
| 6F. | Disclosure of a registrant's action to recover erroneously awarded compensation | 208 | |
| Item 7: | Major shareholders and related party transactions | 209 | |
| 7A. | Major shareholders | 209 | |
| 7B. | Related party transactions | 209 | |
| 7C. | Interests of experts and counsel | 210 | |
| Item 8: | Financial information | 210 | |
| 8A. | Consolidated financial statements and other financial information | 210 | |
| Legal proceedings | 210 | ||
| Dividends | 213 | ||
| 8B. | Significant changes | 213 | |
| Item 9: | The offer and listing | 213 | |
|---|---|---|---|
| 9A. | Offer and listing details | 213 | |
| 9B. | Plan of distribution | 213 | |
| 9C. | Markets | 213 | |
| 9D. | Selling shareholders | 214 | |
| 9E. | Dilution | 214 | |
| 9F. | Expenses of the issue | 214 | |
| Item 10: | Additional information | 214 | |
| 10A. | Share capital | 214 | |
| 10B. | Articles of association | 214 | |
| 10C. | Material contracts | 234 | |
| 10D. | Exchange controls | 237 | |
| 10E. | Taxation | 237 | |
| 10F. | Dividends and paying agents | 242 | |
| 10G. | Statement by experts | 242 | |
| 10H. | Documents on display | 242 | |
| 10I. | Subsidiary information | 242 | |
| Item 11: | Quantitative and qualitative disclosures about market risk | 242 | |
| Item 12: | Description of securities other than equity securities | 244 | |
| 12A. | Debt securities | 244 | |
| 12B. | Warrants and rights | 244 | |
| 12C. | Other securities | 244 | |
| 12D. | American Depositary Shares | 244 | |
| Part II: | |||
| Item 13: | Defaults, dividend arrearages and delinquencies | 245 | |
| Item 14: | Material modifications to the rights of security holders and use of proceeds | 245 | |
| Item 15: | Controls and procedures | 245 | |
| Item 16A: | Audit committee financial expert | 247 | |
| Item 16B: | Code of ethics | 247 | |
| Item 16C: | Principal accountant fees and services | 248 | |
| Item 16D: | Exemptions from the listing standards for audit committees | 248 | |
| Item 16E: | Purchases of equity securities by the issuer and affiliated purchasers | 248 | |
| Item 16F: | Change in registrant’s certifying accountant | 248 | |
| Item 16G: | Corporate governance | 249 | |
| Item 16H: | Mine safety disclosure | 249 | |
| Item 16I: | Disclosure regarding foreign jurisdictions that prevent inspections | 249 | |
| Item 16J: | Insider trading policies | 249 | |
| Item 16K: | Cybersecurity | 249 | |
| Part III: | |||
| Item 17: | Financial statements | 252 | |
| Item 18: | Financial statements | F-1 | |
| Item 19: | Exhibits | E-1 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.