AngloGold Ashanti plc has scheduled a general meeting for July 23, 2026, to seek shareholder approval for its proposed share repurchase programme of up to $2.0bn. The meeting will take place at the company's global headquarters at 6363 S. Fiddlers Green Circle, Suite 1000, Greenwood Village, CO 80111, USA, at 9:00 a.m. (MDT). The record date for determining shareholder eligibility is Friday, 26 June 2026.

The Board of Directors approved the proposed share repurchase programme on 7 May 2026. The implementation of the programme is contingent upon receiving shareholder approval as well as any applicable regulatory approvals. The company noted that the timing, price, and number of shares repurchased will depend on factors such as financial performance, cash flow availability, and market conditions.

AngloGold Ashanti clarified that the programme does not obligate it to acquire any specific number of ordinary shares. The company retains the discretion to suspend or discontinue the repurchase programme at any time without prior notice.

Key Meeting Details

Shareholders with ordinary shares traded on the Johannesburg Stock Exchange and the A2X Markets must ensure trades are settled by Tuesday, 23 June 2026, to be recorded in the company's share register for voting eligibility. The Notice of Meeting is expected to be available on the company's website on or around Wednesday, 1 July 2026, and will be mailed to shareholders who elected to receive paper communications.

The Standard Bank of South Africa Limited acts as the JSE Sponsor for the transaction.

Citigroup analyst Ephrem Ravi has maintained a Buy rating on AngloGold Ashanti, raising the price target to $130 from $120. The adjustment reflects an updated valuation outlook for the mining company listed on the NYSE under the ticker AU.

Price Target Adjustment

The revised target represents an increase from the previous estimate of $120. This change underscores the analyst's confidence in the company's future performance.