AngloGold Ashanti PLC

Earnings before interest, tax, depreciation and amortisation*

(“EBITDA*”) for Q3 2026 increased to $1,568 m, up from $1,400 m

in Q3 2025. This strong year-on-year growth was mainly

underpinned by a higher average gold price received per ounce*,

higher by-product revenue, higher equity earnings from

associates and non-managed joint ventures, lower exploration

and evaluation costs, lower costs related to legacy TSFs and

lower Centamin integration costs.

These positive contributions were partially offset by lower gold

sales volumes, higher total operating costs (driven mainly by

increases in labour, mining contractor and fuel prices, and higher

royalty costs), higher corporate administration costs, and higher

foreign exchange and fair value adjustments.

EBITDA* for YTD Sep 2026 increased to $5,833 m, up from

$3,749 m in YTD Sep 2025. This strong year-on-year growth was

primarily driven by a higher average gold price received per

ounce*, higher by-product revenue, higher equity earnings from

associates and non-managed joint ventures, lower exploration

and evaluation costs, lower costs related to legacy TSFs and

mining contractor rate adjustments, anda premium received on

the repurchase of bonds.

These positive impacts were partially offset by higher total

operating costs including market-related increases in fuel prices,

higher royalty costs, and a stronger foreign currency exchange

rate against the US dollar, lower gold sales volumes, higher

corporate administration costs, and higher foreign exchange and

fair value adjustments. YTD Sep 2025 included an impairment

reversal for Serra Grande which was partially offset by a loss on

disposal relating to the sale of the Doropo and Archean-Birimian

Contact project.