Located in Santa Cruz province, gold production at AngloGold Ashanti’s managed operation showed an increase of 2% year-on-year.
By Panorama Minero
Cerro Vanguardia, AngloGold Ashanti’s operation in Santa Cruz province, produced 43,000oz of gold at a total cash cost of $1,139/oz during the third quarter of 2025, compared to 42,000oz at a total cash cost of $1,224/oz in the third quarter of 2024. Gold production marginally increased by 2% year-on-year, mainly driven by an increase in tonnes treated, with higher tonnes placed on the heap leach pad, partially offset by a decrease in recovered grade. Total cash costs per ounce decreased by 7% year-on-year in the third quarter of 2025 compared to the third quarter of 2024, mainly due to a year-on-year increase in by-product revenue driven by higher volumes sold and a stronger silver price, partially offset by higher gold royalties resulting from a higher gold price.
Gold production was 137,000oz at a total cash cost of $1,253/oz during YTD Sep 2025, compared to 129,000oz at a total cash cost of $1,044/oz in YTD Sep 2024. Gold production increased by 6% year-on-year in YTD Sep 2025 compared to YTD Sep 2024, mainly due to higher recovered grades and an increase in ore tonnes treated, supporting stronger operational performance. Total cash costs per ounce increased by 20% year-on-year in YTD Sep 2025 compared to YTD Sep 2024, primarily due to higher in country inflation and higher royalty costs associated with the increased gold price. These increases were partially offset by a weaker Argentinean peso against the US dollar, higher by-product revenue and higher gold production, which helped mitigate overall cost increases.
