AngloGold Ashanti engages in the physical exploration, mine site construction, and underground extraction business of gold mines. The company operates multiple deposit projects across regions in Africa, the Americas, and Australia. Using heavy mining equipment to extract gold-bearing raw ore, and going through physical crushing and chemical cyanidation leaching processes, it refines rough physical gold dore bars. These precious metal bulk commodities are primarily delivered to global metal buyers via international spot markets or fixed sale-and-purchase contracts.