Despite this earnings miss, AngloGold Ashanti achieved significant year-over-year gains, with free cash flow rising to $942 million and adjusted EBITDA increasing by 93% to $2.75 billion. The company also announced a new dividend policy, targeting a 50% payout of free cash flow, with a base dividend of $0.50 per share annually. Separately, BMO Capital Markets maintained its Outperform rating for AngloGold Ashanti, with a price target of $40.00. Analyst Raj Ray expressed confidence in the company's operations following site visits to key mines in Ghana and Egypt. The Obuasi mine in Ghana has completed an extensive refurbishment program, while the Sukari mine in Egypt is a newly acquired asset in steady-state production. BMO anticipates these assets will contribute positively to AngloGold Ashanti's growth.