Supplementary report to shareholders

for the quarter and year ended 31 December 2013

Development
for the quarter ended 31 December 2013
Statistics are shown in metric units Advanced
metres Sampled Avg. ore body
(total)* metres thickness (cm) Avg. g/t Avg. cm.g/t Avg. kg/t
SOUTHERN AFRICA
VAAL RIVER
Great Noligwa
C reef 91 - - - - -
Vaal reef 220 16 73.6 54.20 3,989 0.13
Kopanang
Vaal reef 3,129 378 12.4 106.77 1,324 8.37
Moab Khotsong
Vaal reef 1,980 488 115.8 31.06 3,597 1.01
WEST WITS
Mponeng
Ventersdorp Contact reef 2,538 384 62.3 29.79 1,856 -
Savuka
Ventersdorp Contact reef - - - - - -
Carbon Leader reef - - - - - -
Tau Tona
Ventersdorp Contact reef - - - - - -
Carbon Leader reef 2,084 22 12.0 110.83 1,330 1.66
CONTINENTAL AFRICA
Obuasi 4,939 1,362 516.7 8.57 4,430 -
AUSTRALASIA
Sunrise Dam 1,376 693 - 2.48 - -
SOUTH AMERICA
Brasil Minerao
Mina de Cuiab 1,476 836 1,229.0 4.87 - -
Crrego do Sitio 1,826 1,030 - 4.85 - -
Lamego 819 55 60.0 3.50 - -
Serra Grande
Mina III 292 270 100.0 2.73 - -
Mina Nova 300 - - - - -
CVSA
Cerro Vanguardia 687 582 400.0 8.03 - -
Statistics are shown in imperial units Advanced
feet Sampled Avg. ore body
(total) feet thickness (inches) Avg. oz/t Avg. ft.oz/t Avg. lb/t
SOUTHERN AFRICA
VAAL RIVER
Great Noligwa
C reef 300 - - - - -
Vaal reef 722 52 28.98 1.58 3.82 0.26
Kopanang
Vaal reef 10,267 1,240 4.88 3.11 1.27 16.74
Moab Khotsong
Vaal reef 6,496 1,601 45.59 0.91 3.44 2.02
WEST WITS
Mponeng
Ventersdorp Contact reef 8,327 1,260 24.53 0.87 1.78 -
Savuka
Ventersdorp Contact reef - - - - - -
Carbon Leader reef - - - - - -
Tau Tona
Ventersdorp Contact reef - - - - - -
Carbon Leader reef 6,837 72 4.72 3.23 1.27 3.32
CONTINENTAL AFRICA
Obuasi 16,204 4,468 203.41 0.25 4.24 -
AUSTRALASIA
Sunrise Dam 4,514 2,274 - 0.07 - -
SOUTH AMERICA
Brasil Minerao
Mina de Cuiab 4,843 2,743 483.86 0.14 5.73 -
Crrego do Sitio 5,991 3,379 - 0.14 - -
Lamego 2,687 180 23.62 0.10 0.20 -
Serra Grande
Mina III 958 887 39.37 0.08 0.26 -
Mina Nova 984 - - - - -
CVSA
Cerro Vanguardia
2,254 1,911 157.48 0.23 3.07 -
* This includes total "on-reef" and "off-reef" development metres
gold uraniu
Development values represent actual results of sampling, no allowances having been made for adjustments necessary in estimating ore reserves.
Sampled
gold uraniu
Sampled
South Africa
Continental
Africa
Australasia Americas Total group
UNDERGROUND OPERATION
Area mined - 000 m
2
210 1 - - 211
Mined - 000 tonnes 1,079 451 380 815 2,725
Milled / Treated - 000 tonnes 1,207 375 339 867 2,788
Recovered grade - oz/ton 0.211 0.147 0.077 0.169 0.173
- g/tonne 7.24 5.03 2.64 5.79 5.93
Gold produced - oz (000) 281 61 29 161 531
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes 8,645 110 - - 8,755
Recovered grade - oz/ton 0.006 0.024 - - 0.006
- g/tonne 0.21 0.82 - - 0.21
Gold produced - oz (000) 58 3 - - 61
OPEN-PIT OPERATION
Volume mined - 000 bcm - 14,194 3,827 - 18,021
Mined - 000 tonnes - 33,541 10,250 6,660 50,452
Treated - 000 tonnes - 6,904 1,423 231 8,558
Stripping ratio - ratio - 4.20 2.98 23.79 4.43
Recovered grade - oz/ton - 0.051 0.089 0.174 0.061
- g/tonne - 1.75 3.06 5.97 2.08
Gold produced - oz (000) - 389 140 44 573
HEAP LEACH OPERATION
Mined - 000 tonnes - - - 15,285 15,285
Placed - 000 tonnes - 266 - 5,276 5,542
Stripping ratio - ratio - - - 2.13 2.13
Recovered grade - oz/ton - 0.029 - 0.009 0.010
- g/tonne - 0.99 - 0.29 0.33
Gold placed - oz (000) - 9 - 50 58
Gold produced - oz (000) - 8 - 56 64
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 4.82 12.98 61.43 17.53 9.96
TOTAL
Subsidiaries' gold produced - oz (000) 339 377 169 262 1,146
J oint ventures' gold produced - oz (000) - 83 - - 83
Attributable gold produced - oz (000) 339 460 169 262 1,229
Minority gold produced - oz (000) - 13 - 5 18
Subsidiaries' gold sold - oz (000) 340 353 152 262 1,107
J oint ventures' gold sold - oz (000) - 84 - - 84
Attributable gold sold - oz (000) 340 437 152 262 1,191
Minority gold sold - oz (000) - 13 - 4 18
Spot price - $/oz 1,270 1,270 1,270 1,270 1,270
Price received - $/oz sold 1,276 1,267 1,263 1,274 1,271
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,005 1,129 763 887 1,015
Total cash costs - $/oz produced 767 839 640 634 748
Total production costs - $/oz produced 946 1,034 985 787 952
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2013 $'m
South Africa
Continental
Africa
Australasia Americas
Corporate
and other
Sub-total
Less equity
accounted
investments
Total group
Gold income 428 568 192 335 - 1,523 (105) 1,418
Cash costs (277) (398) (108) (204) 8 (980) 79 (900)
By-products revenue 17 1 - 21 - 40 - 39
Total cash costs (260) (397) (108) (183) 8 (940) 79 (861)
Retrenchment costs (6) (9) (1) (1) - (17) - (16)
Rehabilitation and other non-cash costs 8 (21) (2) 19 - 4 7 11
Amortisation of assets (62) (61) (56) (40) (2) (222) 10 (211)
Total production costs (320) (489) (166) (204) 5 (1,174) 97 (1,077)
Inventory change (2) 37 4 (6) - 34 2 35
Cost of sales (322) (451) (162) (210) 5 (1,140) 99 (1,042)
Adjusted gross profit 106 117 30 124 5 383 (6) 376
Unrealised non-hedge derivatives and other
commodity contracts
28 - - - - 28 - 28
Gross profit 134 117 30 125 5 410 (6) 404
Corporate and other costs (2) 1 - (8) (29) (38) - (37)
Exploration and evaluation costs (7) (3) (4) (32) (1) (46) 5 (41)
Intercompany transactions - (31) (2) (1) 34 - - -
Special items (13) 409 - (19) (486) (109) 18 (91)
Operating profit (loss) 112 493 23 65 (476) 217 17 235
Net finance (costs) income, unwinding of
obligations and fair value adjustments
(2) 3 (9) 6 (69) (70) (2) (72)
Exchange gain (loss) - 5 - (2) 1 4 - 4
Share of equity accounted investments profit
(loss)
- 22 - - (1) 21 (17) 4
Profit (loss) before taxation 111 523 14 70 (545) 172 (1) 171
Taxation 4 (311) (5) (113) (2) (427) 1 (426)
Profit (loss) for the period 115 212 9 (43) (548) (255) - (255)
Equity shareholders 115 163 9 (44) (548) (305) - (305)
Non-controlling interests - 49 - 1 - 50 - 50
Operating profit (loss) 112 493 23 65 (476) 217 17 235
Retrenchment costs 6 9 1 1 - 17 - 16
Unrealised non-hedge derivatives and other
commodity contracts
(28) - - - - (28) - (28)
Loss on realised other commodity contracts - - - - - - - -
Intercompany transactions - 31 2 1 (34) - - -
Special items 15 (396) - (1) 475 94 (18) 76
Share of associates' EBIT - 22 - - - 23 1 23
EBIT 105 160 26 67 (35) 322 - 322
Amortisation of assets 62 61 56 40 2 222 (10) 211
Share of associates' amortisation - - - - - - 10 10
EBITDA 167 221 82 106 (32) 544 - 544
Profit (loss) attributable to equity shareholders 115 163 9 (44) (548) (305) - (305)
Special items 15 (452) - (1) 475 38 (1) 37
Share of associates' special items - - - - 1 1 1 3
Taxation on items above (4) (6) - - - (11) - (11)
Headline earnings (loss) 125 (295) 10 (45) (71) (276) - (276)
Unrealised non-hedge derivatives and other
commodity contracts
(28) - - - - (28) - (28)
Deferred tax on unrealised non-hedge
derivatives and other commodity contracts
8 270 - 60 - 338 - 338
Fair value adjustment on $1.25bn bonds - - - - 12 12 - 12
Fair value adjustment on option component
of convertible bonds
- - - - - - - -
Fair value adjustment on mandatory
convertible bonds
- - - - - - - -
Adjusted headline earnings (loss) 105 (25) 10 15 (59) 45 - 45
Sustaining Ore reserve development capital 48 8 5 19 - 81 - 81
Sustaining Stay-in-business capital 32 101 2 35 2 172 6 178
Project capital 31 103 28 62 - 224 (100) 124
Total capital expenditure 112 212 35 116 2 477 (94) 383
Capitalised leased assets 6
Expenditures on intangible assets (17)
Capital expenditure per statement of cash flows 372
Rounding of figures may result in computational discrepancies.
South Africa
Continental
Africa
Australasia Americas Total group
UNDERGROUND OPERATION
Area mined - 000 m
2
215 1 - - 216
Mined - 000 tonnes 1,196 443 423 809 2,871
Milled / Treated - 000 tonnes 1,236 362 474 860 2,933
Recovered grade - oz/ton 0.198 0.160 0.064 0.148 0.157
- g/tonne 6.80 5.49 2.20 5.09 5.39
Gold produced - oz (000) 270 64 34 141 509
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes 8,360 73 - - 8,433
Recovered grade - oz/ton 0.006 0.056 - - 0.007
- g/tonne 0.22 1.92 - - 0.23
Gold produced - oz (000) 59 5 - - 63
OPEN-PIT OPERATION
Volume mined - 000 bcm - 14,102 3,871 - 17,973
Mined - 000 tonnes - 32,676 1,763 5,758 40,196
Treated - 000 tonnes - 6,113 439 225 6,777
Stripping ratio - ratio - 5.09 0.17 10.01 4.44
Recovered grade - oz/ton - 0.046 0.059 0.193 0.052
- g/tonne - 1.57 2.02 6.62 1.77
Gold produced - oz (000) - 309 28 48 385
HEAP LEACH OPERATION
Mined - 000 tonnes - 978 - 17,532 18,510
Placed - 000 tonnes - 209 - 5,886 6,095
Stripping ratio - ratio - 17.44 - 2.27 2.42
Recovered grade - oz/ton - 0.027 - 0.009 0.010
- g/tonne - 0.94 - 0.31 0.33
Gold placed - oz (000) - 6 - 59 65
Gold produced - oz (000) - 5 - 81 85
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 4.71 10.36 46.76 18.04 8.48
TOTAL
Subsidiaries' gold produced - oz (000) 329 345 62 270 1,006
J oint ventures' gold produced - oz (000) - 37 - - 37
Attributable gold produced - oz (000) 329 382 62 270 1,043
Minority gold produced - oz (000) - 12 - 5 17
Subsidiaries' gold sold - oz (000) 344 349 63 268 1,024
J oint ventures' gold sold - oz (000) - 38 - - 38
Attributable gold sold - oz (000) 344 387 63 268 1,062
Minority gold sold - oz (000) - 12 - 5 18
Spot price - $/oz 1,329 1,329 1,329 1,329 1,329
Price received - $/oz sold 1,330 1,324 1,326 1,326 1,327
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,143 1,141 1,582 957 1,155
Total cash costs - $/oz produced 851 804 1,270 656 809
Total production costs - $/oz produced 1,092 979 1,510 858 1,017
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED SEPTEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED SEPTEMBER 2013 $'m
South Africa
Continental
Africa
Australasia Americas
Corporate
and other
Sub-total
Less equity
accounted
investments
Total group
Gold income 452 530 83 359 - 1,424 (50) 1,374
Cash costs (291) (320) (79) (208) - (898) 51 (847)
By-products revenue 11 1 - 20 - 32 - 32
Total cash costs (280) (319) (79) (188) - (865) 50 (815)
Retrenchment costs (16) (27) (1) (1) - (44) - (44)
Rehabilitation and other non-cash costs (2) 1 1 (6) - (6) - (6)
Amortisation of assets (62) (42) (15) (40) (2) (161) 2 (159)
Total production costs (359) (387) (94) (234) (2) (1,077) 52 (1,025)
Inventory change (16) (13) (1) (10) - (40) 1 (39)
Cost of sales (376) (400) (95) (244) (2) (1,116) 53 (1,064)
Adjusted gross profit (loss) 76 130 (11) 114 (2) 307 3 310
Unrealised non-hedge derivatives and other
commodity contracts
(34) - - - - (34) - (34)
Gross profit (loss) 42 130 (11) 114 (2) 273 3 276
Corporate and other costs (1) (2) - (7) (39) (49) 1 (49)
Exploration and evaluation costs (4) (15) (5) (36) (3) (63) 8 (55)
Intercompany transactions - (30) (2) (1) 32 - - -
Special items - (10) - (7) (75) (92) 1 (92)
Operating profit (loss) 37 75 (18) 63 (87) 69 11 80
Net finance (costs) income, unwinding of
obligations and fair value adjustments
(1) (1) (10) - (69) (81) (2) (83)
Exchange gain - 1 - 2 6 10 - 10
Share of equity-accounted investments
profit (loss)
- 7 - (1) 30 36 (11) 25
Profit (loss) before taxation 36 82 (28) 64 (120) 34 (2) 32
Taxation 5 (18) 8 (33) (2) (40) 2 (38)
Profit (loss) for the period 40 64 (20) 31 (122) (6) - (6)
Equity shareholders 40 74 (20) 29 (122) 1 - 1
Non-controlling interests - (10) - 3 - (7) - (7)
Operating profit (loss) 37 75 (18) 63 (87) 69 11 80
Retrenchment costs 16 27 1 1 - 44 - 44
Unrealised non-hedge derivatives and other
commodity contracts
34 - - - - 34 - 34
Loss on realised other commodity contracts - - - - - - - -
Intercompany transactions - 30 2 1 (32) - - -
Special items 1 7 - 5 - 13 - 13
Share of associates' EBIT - 7 - (1) - 6 (11) (6)
EBIT 88 145 (16) 69 (120) 166 1 166
Amortisation of assets 62 42 15 40 2 161 (2) 159
Share of associates' amortisation - - - - - - 2 2
EBITDA 149 187 - 108 (118) 327 - 327
Profit (loss) attributable to equity shareholders 40 74 (20) 29 (122) 1 - 1
Special items 1 7 - 5 - 13 - 13
Share of associates' special items - - - - (32) (31) - (31)
Taxation on items above - - - - - (1) - (1)
Headline earnings (loss) 41 81 (20) 33 (153) (18) - (18)
Unrealised non-hedge derivatives and other
commodity contracts
34 - - - - 34 - 34
Deferred tax on unrealised non-hedge
derivatives and other commodity contracts
(9) - - - - (9) - (9)
Fair value adjustment on $1.25bn bonds - - - - 46 46 - 46
Fair value adjustment on option component of
convertible bonds
- - - - - - - -
Fair value adjustment on mandatory
convertible bonds
- - - - 523 523 - 523
Adjusted headline earnings (loss)
66 81 (20) 33 416 576 - 576
Sustaining Ore reserve development capital 54 8 3 21 - 86 - 86
Sustaining Stay-in-business capital 24 81 15 24 2 145 (11) 134
Project capital 38 110 31 38 - 216 (92) 124
Total capital expenditure 116 198 49 83 2 448 (103) 345
Capitalised leased assets -
Expenditures on intangible assets (18)
Capital expenditure per statement of cash flows 327
Rounding of figures may result in computational discrepancies.
South Africa
Continental
Africa
Australasia Americas Total group
UNDERGROUND OPERATION
Area mined - 000 m
2
124 - - - 124
Mined - 000 tonnes 760 434 482 788 2,464
Milled / Treated - 000 tonnes 715 464 433 811 2,423
Recovered grade - oz/ton 0.175 0.146 0.080 0.167 0.150
- g/tonne 5.99 5.01 2.74 5.74 5.14
Gold produced - oz (000) 138 75 38 150 400
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes 5,415 61 - - 5,476
Recovered grade - oz/ton 0.006 0.019 - - 0.006
- g/tonne 0.19 0.65 - - 0.20
Gold produced - oz (000) 34 1 - - 35
OPEN-PIT OPERATION
Volume mined - 000 bcm - 15,544 1,898 - 17,442
Mined - 000 tonnes - 37,316 4,424 6,658 48,398
Treated - 000 tonnes - 6,311 350 259 6,920
Stripping ratio - ratio - 4.37 162.66 21.09 5.65
Recovered grade - oz/ton - 0.042 0.044 0.150 0.046
- g/tonne - 1.43 1.50 5.15 1.57
Gold produced - oz (000) - 290 17 43 349
HEAP LEACH OPERATION
Mined - 000 tonnes - 1,842 - 15,488 17,330
Placed - 000 tonnes - 277 - 5,345 5,621
Stripping ratio - ratio - 6.08 - 2.11 2.31
Recovered grade - oz/ton - 0.054 - 0.012 0.014
- g/tonne - 1.87 - 0.41 0.49
Gold placed - oz (000) - 17 - 71 88
Gold produced - oz (000) - 10 - 65 75
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 2.32 10.67 38.54 16.40 6.81
TOTAL
Subsidiaries' gold produced - oz (000) 171 319 55 258 802
J oint ventures' gold produced - oz (000) - 57 - - 57
Attributable gold produced - oz (000) 171 376 55 258 859
Minority gold produced - oz (000) - 11 - 4 16
Subsidiaries' gold sold - oz (000) 202 309 55 240 805
J oint ventures' gold sold - oz (000) - 60 - - 60
Attributable gold sold - oz (000) 202 369 55 240 865
Minority gold sold - oz (000) - 10 - 4 14
Spot price - $/oz 1,717 1,717 1,717 1,717 1,717
Price received - $/oz sold 1,721 1,720 1,719 1,712 1,718
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,526 1,517 2,260 1,253 1,551
Total cash costs - $/oz produced 1,166 986 1,462 703 967
Total production costs - $/oz produced 1,298 1,348 1,688 919 1,233
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2012
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2012 $'m
South Africa
Continental
Africa
Australasia Americas
Corporate
and other
Sub-total
Less equity
accounted
investments
Total group
Gold income received 344 651 94 413 - 1,501 (103) 1,398
Cash costs (253) (384) (81) (222) 19 (920) 64 (857)
By-products revenue 54 1 - 20 - 75 - 75
Total cash costs (200) (382) (80) (202) 19 (846) 64 (782)
Retrenchment costs (1) - - (1) - (2) - (2)
Rehabilitation and other non-cash costs 49 (50) (2) (12) - (15) (2) (16)
Amortisation of assets (71) (88) (11) (51) (2) (223) 3 (220)
Total production costs (222) (521) (93) (266) 17 (1,085) 66 (1,020)
Inventory change (29) 12 (1) 28 - 11 4 15
Cost of sales (251) (509) (94) (238) 17 (1,075) 70 (1,005)
Adjusted gross profit 92 142 - 175 17 426 (34) 393
Unrealised non-hedge derivatives and other
commodity contracts
25 - - - - 25 - 25
Gross profit 117 142 - 176 17 452 (34) 418
Corporate and other costs (3) (3) - (15) (70) (92) - (91)
Exploration and evaluation costs (4) (50) (23) (43) (6) (126) 2 (124)
Intercompany transactions - (24) (3) (1) 27 - - -
Special items (50) (349) 4 (18) 15 (398) (4) (402)
Operating profit (loss) 61 (284) (22) 100 (17) (163) (36) (199)
Net finance (costs) income, unwinding of
obligations and fair value adjustments
(2) (4) 1 3 33 31 (3) 27
Exchange gain (loss) - (2) 1 (4) 5 (1) - -
Share of equity accounted investments
profit (loss)
- (2) - (24) (46) (73) 31 (42)
Profit (loss) before taxation 59 (292) (21) 74 (26) (206) (8) (214)
Taxation (8) 71 8 (38) 4 38 8 46
Profit (loss) for the period 51 (221) (13) 36 (21) (168) - (168)
Equity shareholders 51 (218) (13) 34 (28) (174) - (174)
Non-controlling interests - (4) - 2 6 5 - 6
Operating profit (loss) 61 (284) (22) 100 (17) (163) (36) (199)
Retrenchment costs 1 - - 1 - 2 - 2
Unrealised non-hedge derivatives and other
commodity contracts
(25) - - - - (25) - (25)
Intercompany transactions - 24 3 1 (27) - - -
Special items 51 317 - 1 (16) 353 - 353
Share of associates' EBIT - - - (24) (2) (26) 36 10
EBIT 87 57 (19) 77 (63) 140 - 141
Amortisation of assets 71 88 11 51 2 223 (3) 220
Share of associates' amortisation - - - - - - 3 3
EBITDA 158 146 (9) 127 (61) 364 - 364
Profit (loss) attributable to equity shareholders 51 (218) (13) 34 (28) (174) - (174)
Special items 51 317 - 1 (16) 353 - 353
Share of associates' special items - 2 - - 44 47 - 47
Taxation on items above (14) (92) - - - (106) - (106)
Headline earnings (loss) 88 10 (13) 35 1 120 - 120
Unrealised non-hedge derivatives and other
commodity contracts
(25) - - - - (25) - (25)
Deferred tax on unrealised non-hedge
derivatives and other commodity contracts
7 - - - - 7 - 7
Fair value adjustment on $1.25bn bonds - - - - - - - -
Fair value adjustment on option component
of convertible bonds
- - - - (17) (17) - (17)
Fair value adjustment on mandatory
convertible bonds
- - - - (65) (65) - (65)
Adjusted headline earnings (loss) 70 10 (13) 34 (82) 19 - 19
Sustaining Ore reserve development capital 46 11 3 23 - 83 - 83
Sustaining Stay-in-business capital 80 106 21 84 2 292 (2) 290
Project capital 61 186 166 56 - 469 (140) 329
Total capital expenditure 187 304 189 163 2 844 (142) 702
Capitalised leased assets (11)
Expenditures on intangible assets (28)
Capital expenditure per statement of cash flows 663
Rounding of figures may result in computational discrepancies.
South Africa
Continental
Africa
Australasia Americas Total group
UNDERGROUND OPERATION
Area mined - 000 m
2
807 2 - - 809
Mined - 000 tonnes 4,635 1,642 1,768 3,157 11,201
Milled / Treated - 000 tonnes 4,719 1,402 1,695 3,349 11,165
Recovered grade - oz/ton 0.204 0.144 0.075 0.147 0.160
- g/tonne 7.00 4.94 2.57 5.05 5.48
Gold produced - oz (000) 1,061 223 140 544 1,968
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes 34,524 322 - - 34,847
Recovered grade - oz/ton 0.006 0.046 - - 0.007
- g/tonne 0.22 1.57 - - 0.23
Gold produced - oz (000) 241 16 - - 257
OPEN-PIT OPERATION
Volume mined - 000 bcm - 57,006 11,930 - 68,936
Mined - 000 tonnes - 134,412 26,030 24,458 184,900
Treated - 000 tonnes - 24,186 2,644 951 27,781
Stripping ratio - ratio - 4.70 4.39 16.71 5.21
Recovered grade - oz/ton - 0.045 0.069 0.173 0.051
- g/tonne - 1.54 2.37 5.91 1.77
Gold produced - oz (000) - 1,194 202 181 1,577
HEAP LEACH OPERATION
Mined - 000 tonnes - 3,469 - 65,357 68,826
Placed - 000 tonnes - 1,026 - 22,250 23,276
Stripping ratio - ratio - 25.01 - 2.17 2.31
Recovered grade - oz/ton - 0.027 - 0.010 0.011
- g/tonne - 0.93 - 0.34 0.36
Gold placed - oz (000) - 31 - 242 272
Gold produced - oz (000) - 27 - 276 303
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 4.47 9.97 49.64 16.63 8.14
TOTAL
Subsidiaries' gold produced - oz (000) 1,302 1,250 342 1,001 3,895
J oint ventures' gold produced - oz (000) - 210 - - 210
Attributable gold produced - oz (000) 1,302 1,460 342 1,001 4,105
Minority gold produced - oz (000) - 47 - 20 67
Subsidiaries' gold sold - oz (000) 1,302 1,252 323 1,007 3,883
J oint ventures' gold sold - oz (000) - 210 - - 210
Attributable gold sold - oz (000) 1,302 1,462 323 1,007 4,093
Minority gold sold - oz (000) - 47 - 19 66
Spot price - $/oz 1,411 1,411 1,411 1,411 1,411
Price received - $/oz sold 1,410 1,398 1,365 1,407 1,401
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,120 1,202 1,376 970 1,174
Total cash costs - $/oz produced 850 869 1,047 671 830
Total production costs - $/oz produced 1,070 1,086 1,333 886 1,054
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2013
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2013 $'m
South Africa
Continental
Africa
Australasia Americas
Corporate
and other
Sub-total
Less equity
accounted
investments
Total group
Gold income 1,810 2,110 441 1,425 - 5,787 (289) 5,497
Cash costs (1,163) (1,317) (359) (833) 6 (3,666) 220 (3,446)
By-products revenue 57 4 1 88 - 149 - 149
Total cash costs (1,107) (1,313) (358) (745) 6 (3,516) 219 (3,297)
Retrenchment costs (27) (39) (1) (3) - (70) 1 (69)
Rehabilitation and other non-cash costs (7) (28) 1 9 - (25) 8 (18)
Amortisation of assets (253) (254) (98) (201) (8) (814) 15 (799)
Total production costs (1,394) (1,634) (456) (940) (1) (4,425) 243 (4,183)
Inventory change - (1) 7 31 - 36 - 37
Cost of sales (1,393) (1,635) (449) (910) (1) (4,389) 243 (4,146)
Adjusted gross profit (loss) 417 475 (9) 515 (1) 1,398 (46) 1,351
Unrealised non-hedge derivatives and
other commodity contracts
94 - - - - 94 - 94
Gross profit (loss) 510 475 (9) 516 - 1,492 (47) 1,445
Corporate and other costs (5) (6) (1) (27) (184) (223) 2 (220)
Exploration and evaluation costs (15) (70) (32) (160) (13) (289) 34 (255)
Intercompany transactions - (113) (9) (2) 125 - - -
Special items (309) (1,493) 13 (991) (651) (3,431) 20 (3,410)
Operating profit (loss) 181 (1,206) (38) (663) (724) (2,451) 10 (2,440)
Net finance (costs) income, unwinding of
obligations and fair value adjustments
(4) 1 (26) 8 82 61 (6) 55
Exchange (loss) gain - 6 - (4) 11 13 1 14
Share of equity accounted investments
profit (loss)
- (150) - (3) 15 (137) (24) (162)
Profit (loss) before taxation 177 (1,349) (63) (662) (616) (2,514) (19) (2,533)
Taxation 30 176 16 97 (5) 314 19 333
Profit (loss) for the period 207 (1,173) (47) (566) (621) (2,200) - (2,200)
Equity shareholders 207 (1,202) (47) (567) (621) (2,230) - (2,230)
Non-controlling interests - 29 - 1 - 30 - 30
Operating profit (loss) 181 (1,206) (38) (663) (724) (2,451) 10 (2,440)
Retrenchment costs 27 39 1 3 - 70 (1) 69
Unrealised non-hedge derivatives and
other commodity contracts
(94) - - - - (94) - (94)
Intercompany transactions - 113 9 2 (125) - - -
Special items 312 1,456 1 968 561 3,298 (18) 3,280
Share of associates' EBIT - 29 - (3) 4 30 9 38
EBIT 426 431 (27) 307 (284) 853 - 853
Amortisation of assets 253 254 98 201 8 814 (15) 799
Share of associates' amortisation - - - - - - 15 15
EBITDA 679 685 71 508 (277) 1,667 - 1,667
Profit (loss) attributable to equity shareholders 207 (1,202) (47) (567) (621) (2,230) - (2,230)
Special items 311 1,218 1 968 561 3,058 (1) 3,057
Share of associates' special items - 179 - - (15) 163 1 164
Taxation on items above (86) (500) - (327) - (913) (2) (915)
Headline earnings (loss) 432 (306) (46) 73 (75) 78 - 78
Unrealised non-hedge derivatives and other
commodity contracts
(94) - - - - (94) - (94)
Deferred tax on unrealised non-hedge
derivatives and other commodity contracts
25 270 - 60 - 355 - 355
Fair value adjustment on $1.25bn bonds - - - - 58 58 - 58
Fair value adjustment on option component
of convertible bonds
- - - - (9) (9) - (9)
Fair value adjustment on mandatory
convertible bonds
- - - - 211 211 - 211
Adjusted headline earnings (loss)
363 (35) (46) 133 184 599 - 599
Sustaining Ore reserve development capital 216 34 16 89 - 354 - 354
Sustaining Stay-in-business capital 96 346 53 142 8 645 (24) 621
Project capital 139 460 216 180 - 994 (387) 607
Total capital expenditure 451 839 285 410 8 1,993 (411) 1,582
Capitalised leased assets (13)
Expenditures on intangible assets (68)
Capital expenditure per statement of cash flows 1,501
Rounding of figures may result in computational discrepancies.
South Africa
Continental
Africa
Australasia Americas Total group
UNDERGROUND OPERATION
Area mined - 000 m
2
754 - - - 754
Mined - 000 tonnes 4,838 1,622 1,459 2,510 10,429
Milled / Treated - 000 tonnes 4,317 1,799 1,444 2,796 10,356
Recovered grade - oz/ton 0.219 0.140 0.076 0.160 0.169
- g/tonne 7.50 4.79 2.60 5.48 5.80
Gold produced - oz (000) 1,041 277 121 492 1,931
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes 17,962 326 - - 18,288
Recovered grade - oz/ton 0.009 0.009 - - 0.009
- g/tonne 0.30 0.31 - - 0.30
Gold produced - oz (000) 172 3 - - 175
OPEN-PIT OPERATION
Volume mined - 000 bcm - 56,937 4,559 - 61,496
Mined - 000 tonnes - 135,177 11,403 24,208 170,789
Treated - 000 tonnes - 24,541 1,914 973 27,429
Stripping ratio - ratio - 4.49 8.35 21.12 5.34
Recovered grade - oz/ton - 0.045 0.065 0.165 0.050
- g/tonne - 1.54 2.22 5.66 1.73
Gold produced - oz (000) - 1,212 137 177 1,526
HEAP LEACH OPERATION
Mined - 000 tonnes - 8,277 - 63,248 71,524
Placed - 000 tonnes - 1,090 - 21,951 23,040
Stripping ratio - ratio - 11.96 - 2.02 2.31
Recovered grade - oz/ton - 0.031 - 0.012 0.013
- g/tonne - 1.06 - 0.42 0.45
Gold placed - oz (000) - 37 - 293 330
Gold produced - oz (000) - 29 - 283 312
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 4.19 10.97 43.46 17.47 8.07
TOTAL
Subsidiaries' gold produced - oz (000) 1,212 1,311 258 953 3,734
J oint ventures' gold produced - oz (000) - 210 - - 210
Attributable gold produced - oz (000) 1,212 1,521 258 953 3,944
Minority gold produced - oz (000) - 44 - 49 92
Subsidiaries' gold sold - oz (000) 1,214 1,316 257 955 3,742
J oint ventures' gold sold - oz (000) - 211 - - 211
Attributable gold sold - oz (000) 1,214 1,527 257 955 3,953
Minority gold sold - oz (000) - 41 - 51 92
Spot price - $/oz 1,668 1,668 1,668 1,668 1,668
Price received - $/oz sold 1,665 1,664 1,663 1,664 1,664
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,189 1,235 1,680 1,006 1,251
Total cash costs - $/oz produced 873 830 1,211 669 829
Total production costs - $/oz produced 1,095 1,060 1,358 907 1,054
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2012
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2012 $'m
South Africa
Continental
Africa
Australasia Americas
Corporate
and other
Sub-total
Less equity
accounted
investments
Total group
Gold income received 2,013 2,609 426 1,656 - 6,704 (351) 6,353
Cash costs (1,152) (1,309) (313) (848) 50 (3,572) 231 (3,341)
By-products revenue 94 6 1 106 1 207 (1) 206
Total cash costs (1,058) (1,303) (312) (742) 51 (3,364) 230 (3,135)
Retrenchment costs (6) (1) - (4) - (10) - (10)
Rehabilitation and other non-cash costs 38 (71) (2) (31) - (65) (1) (67)
Amortisation of assets (302) (285) (36) (213) (10) (845) 10 (835)
Total production costs (1,328) (1,659) (350) (989) 41 (4,285) 239 (4,047)
Inventory change 2 9 2 69 - 82 1 83
Cost of sales (1,326) (1,650) (348) (920) 41 (4,203) 240 (3,964)
Adjusted gross profit 687 959 78 736 41 2,500 (111) 2,389
Unrealised non-hedge derivatives and other
commodity contracts
(36) - - - - (35) - (35)
Gross profit 651 959 78 736 41 2,465 (111) 2,354
Corporate and other costs (9) (12) (1) (41) (275) (338) (1) (338)
Exploration and evaluation costs (11) (123) (85) (149) (33) (401) 5 (395)
Intercompany transactions - (82) (12) (2) 97 - - -
Special items (53) (356) 15 (17) 13 (398) (4) (402)
Operating profit (loss) 579 386 (5) 527 (157) 1,329 (110) 1,219
Net finance (costs) income, unwinding of
obligations and fair value adjustments
(8) (7) - 2 79 66 (2) 64
Exchange gain (loss) - (3) 1 (5) 12 5 3 8
Share of equity accounted investments
(loss)
- (2) - (44) (63) (109) 79 (30)
Profit (loss) before taxation 571 373 (4) 480 (129) 1,291 (30) 1,261
Taxation 26 (227) - (160) (15) (376) 30 (346)
Profit (loss) for the period 597 146 (3) 320 (144) 915 - 915
Equity shareholders 597 164 (3) 300 (160) 897 - 897
Non-controlling interests - (18) - 20 16 18 - 18
Operating profit (loss) 579 386 (5) 527 (157) 1,329 (110) 1,219
Retrenchment costs 6 1 - 4 - 10 - 10
Unrealised non-hedge derivatives and other
commodity contracts
36 - - - - 35 - 35
Intercompany transactions - 82 12 2 (97) - - -
Special items 59 316 3 2 (17) 362 - 363
Share of associates' EBIT - - - (44) (9) (53) 110 57
EBIT 679 785 10 490 (280) 1,684 - 1,684
Amortisation of assets 302 285 36 213 10 845 (10) 835
Share of associates' amortisation - - - - - - 10 10
EBITDA 986 1,070 46 704 (271) 2,529 - 2,529
Profit (loss) attributable to equity shareholders 597 164 (3) 300 (160) 897 - 897
Special items 59 316 3 2 (17) 362 - 362
Share of associates' special items - 2 - - 54 56 - 56
Taxation on items above (16) (90) (1) - - (107) - (107)
Headline earnings (loss) 640 392 (1) 302 (123) 1,208 - 1,208
Unrealised non-hedge derivatives and
other commodity contracts
36 - - - - 35 - 35
Deferred tax on unrealised non-hedge
derivatives and other commodity contracts
(10) - - - - (10) - (10)
Fair value adjustment on $1.25bn bonds - - - - - - - -
Fair value adjustment on option component
of convertible bond
- - - - (83) (83) - (83)
Fair value adjustment on mandatory
convertible bond
- - - - (162) (162) - (162)
Adjusted headline earnings (loss)
665 392 (1) 301 (369) 988 - 988
Sustaining Ore reserve development capital 233 45 14 76 - 369 - 369
Sustaining Stay-in-business capital 176 449 39 166 36 867 (8) 859
Project capital 173 430 315 167 - 1,086 (295) 791
Total capital expenditure 583 925 369 409 36 2,322 (303) 2,019
Capitalised leased assets (15)
Expenditures on intangible assets (79)
Capital expenditure per statement of cash flows 1,925
Rounding of figures may result in computational discrepancies.
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng TauTona
West Wits
Operations
First
Uranium SA
Surface
Operations
Total Surface
Operations
South Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
17 59 33 109 62 40 102 - - - 210
Mined - 000 tonnes 84 258 195 537 347 195 542 - - - 1,079
Milled / Treated - 000 tonnes 95 251 195 540 403 264 667 - - - 1,207
Recovered grade - oz/ton 0.190 0.142 0.314 0.213 0.208 0.212 0.210 - - - 0.211
- g/tonne 6.52 4.88 10.77 7.29 7.14 7.26 7.19 - - - 7.24
Gold produced - oz (000) 20 39 67 127 93 62 154 - - - 281
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - - - - 6,419 2,226 8,645 8,645
Recovered grade - oz/ton - - - - - - - 0.004 0.012 0.006 0.006
- g/tonne - - - - - - - 0.13 0.42 0.21 0.21
Gold produced - oz (000) - - - - - - - 27 30 58 58
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - - - - - - - -
Mined - 000 tonnes - - - - - - - - - - -
Treated - 000 tonnes - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - -
- g/tonne - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - -
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - - - - - -
Placed - 000 tonnes - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - -
- g/tonne - - - - - - - - - - -
Gold placed - oz (000) - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 2.58 2.92 5.65 3.83 5.62 4.42 5.07 8.78 8.29 8.51 4.82
TOTAL
Subsidiaries' gold produced - oz (000) 20 39 67 127 93 62 154 27 30 58 339
J oint ventures' gold produced - oz (000) - - - - - - - - - - -
Attributable gold produced - oz (000) 20 39 67 127 93 62 154 27 30 58 339
Minority gold produced - oz (000) - - - - - - - - - - -
Subsidiaries' gold sold - oz (000) 20 39 67 127 93 62 154 29 30 59 340
J oint ventures' gold sold - oz (000) - - - - - - - - - - -
Attributable gold sold - oz (000) 20 39 67 127 93 62 154 29 30 59 340
Minority gold sold - oz (000) - - - - - - - - - - -
Spot price - $/oz 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270
Price received - $/oz sold 1,277 1,272 1,275 1,274 1,276 1,276 1,276 1,276 1,280 1,278 1,276
All-in sustaining cost (excluding stockpile
write offs)
- $/oz sold 1,294 1,296 890 1,080 963 852 919 1,040 1,039 1,039 1,005
Total cash costs - $/oz produced 1,032 910 596 762 656 809 717 843 980 915 767
Total production costs - $/oz produced 1,198 1,239 835 1,017 885 809 855 989 1,079 1,035 946
As from 1 January 2013, Tau Tona and Savuka were mined as one operation.
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2013 $'m
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng TauTona
West Wits
Operations
First
Uranium SA
Surface
Operations
Total Surface
Operations
Other South Africa
Gold income 25 50 86 161 118 79 197 31 39 70 - 428
Cash costs (23) (43) (46) (112) (61) (50) (111) (23) (30) (53) (1) (277)
By-products revenue 2 7 6 16 - - - - - - 1 17
Total cash costs (20) (36) (40) (96) (61) (50) (111) (23) (30) (53) - (260)
Retrenchment costs (1) (2) (1) (4) (2) - (2) - - - - (6)
Rehabilitation and other non-cash costs (1) (2) (3) (5) - 13 13 (1) - (1) - 8
Amortisation of assets (2) (10) (12) (24) (19) (13) (32) (3) (3) (6) - (62)
Total production costs (24) (49) (56) (129) (82) (50) (132) (27) (33) (60) - (320)
Inventory change - - - - - - - (2) - (2) - (2)
Cost of sales (24) (49) (56) (129) (82) (50) (132) (28) (33) (61) - (322)
Adjusted gross profit (loss) 2 1 30 33 36 29 65 3 6 9 - 106
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - 28 - 28 - 28
Gross profit (loss) 2 1 30 33 36 29 65 31 6 37 - 134
Corporate and other income (costs) (2) (2)
Exploration and evaluation costs (7) (7)
Intercompany transactions - -
Special items (13) (13)
Operating profit (loss) 2 1 30 33 36 29 65 31 6 37 (22) 112
Retrenchment costs 1 2 1 4 2 - 2 - - - - 6
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - (28) - (28) - (28)
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions - - - - - - - - - - - -
Special items - - - - - - - - - - 15 15
Share of associates' EBIT - - - - - - - - - - - -
EBIT 2 3 31 36 38 29 67 3 6 9 (7) 105
Amortisation of assets 2 10 12 24 19 13 32 3 3 6 - 62
Share of associates' amortisation - - - - - - - - - - - -
EBITDA 4 13 43 60 57 42 99 6 9 15 (7) 167
Sustaining Ore reserve development capital 1 8 10 20 18 11 29 - - - - 48
Sustaining Stay-in-business capital 3 4 6 12 8 5 13 5 2 7 - 32
Project capital - 1 2 3 17 - 17 12 - 12 - 31
Total capital expenditure 4 13 18 34 43 16 59 16 2 18 - 112
As from 1 January 2013, Tau Tona and Savuka were mined as one operation.
Rounding of figures may result in computational discrepancies.
Kibali
45% attributable
Iduapriem Obuasi
Siguiri
85% attributable
Morila
40% attributable
Sadiola
41% attributable
Yatela
40% attributable
Navachab Geita Continental Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
1 - - - - - - - - 1
Mined - 000 tonnes 56 - 394 - - - - - - 451
Milled / Treated - 000 tonnes - - 375 - - - - - - 375
Recovered grade - oz/ton - - 0.147 - - - - - - 0.147
- g/tonne - - 5.03 - - - - - - 5.03
Gold produced - oz (000) - - 61 - - - - - - 61
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - 110 - - - - - - 110
Recovered grade - oz/ton - - 0.024 - - - - - - 0.024
- g/tonne - - 0.82 - - - - - - 0.82
Gold produced - oz (000) - - 3 - - - - - - 3
OPEN-PIT OPERATION
Volume mined - 000 bcm 1,344 3,033 - 2,455 - 1,763 - 1,920 3,679 14,194
Mined - 000 tonnes 2,846 7,997 - 4,217 - 3,204 - 5,062 10,214 33,541
Treated - 000 tonnes 362 1,320 - 2,708 289 538 - 393 1,295 6,904
Stripping ratio - ratio 4.37 3.59 - 2.14 - 6.33 - 2.26 11.16 4.20
Recovered grade - oz/ton 0.099 0.046 - 0.025 0.038 0.040 - 0.040 0.108 0.051
- g/tonne 3.41 1.59 - 0.86 1.29 1.37 - 1.39 3.69 1.75
Gold produced - oz (000) 40 67 - 75 12 24 - 18 154 389
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - - - - -
Placed - 000 tonnes - - - - - - 266 - - 266
Stripping ratio - ratio - - - - - - - - - -
Recovered grade - oz/ton - - - - - - 0.029 - - 0.029
- g/tonne - - - - - - 0.99 - - 0.99
Gold placed - oz (000) - - - - - - 9 - - 9
Gold produced - oz (000) - - - - - - 8 - - 8
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 83.56 23.05 4.69 14.91 11.79 11.57 15.82 6.72 20.96 12.98
TOTAL
Subsidiaries' gold produced - oz (000) 40 67 63 75 - - - 18 154 417
J oint ventures' gold produced - oz (000) - - - - 12 24 8 - - 43
Attributable gold produced - oz (000) 40 67 63 75 12 24 8 18 154 460
Minority gold produced - oz (000) - - - 13 - - - - - 13
Subsidiaries' gold sold - oz (000) 40 62 62 63 - - - 17 147 393
J oint ventures' gold sold - oz (000) - - - - 12 24 8 - - 44
Attributable gold sold - oz (000) 40 62 62 63 12 24 8 17 147 437
Minority gold sold - oz (000) - - - 13 - - - - - 13
Spot price - $/oz 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270 1,270
Price received - $/oz sold 1,238 1,280 1,274 1,270 1,238 1,269 1,261 1,287 1,266 1,267
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 2,073 1,153 2,069 1,116 1,434 1,639 2,226 526 784 1,129
Total cash costs - $/oz produced 471 966 1,354 844 853 1,506 1,923 524 543 839
Total production costs - $/oz produced 694 1,240 1,492 967 982 1,673 2,255 485 755 1,034
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2013 $'m
Kibali
45%
attributable
Iduapriem Obuasi
Siguiri
85%
attributable
Morila
40%
attributable
Sadiola
41%
attributable
Yatela
40%
attributable
Navachab Geita Other
Non-
controlling
interests
Continental
Africa
Gold income 49 79 79 79 15 31 10 22 187 - 17 568
Cash costs (19) (65) (86) (63) (10) (36) (15) (9) (83) (1) (11) (398)
By-products revenue - - - - - - - - 1 - - 1
Total cash costs (19) (65) (86) (63) (10) (36) (15) (9) (82) (1) (11) (397)
Retrenchment costs - (5) (1) - - - - - - (4) - (9)
Rehabilitation and other non-cash costs - (6) (6) (3) (1) (3) (2) 1 1 - - (21)
Amortisation of assets (9) (7) (2) (6) - (1) - - (33) (1) (1) (61)
Total production costs (28) (84) (95) (72) (12) (39) (17) (9) (114) (6) (13) (489)
Inventory change - 11 1 10 - (2) - 1 17 - - 37
Cost of sales (28) (72) (94) (63) (12) (41) (17) (8) (98) (5) (13) (451)
Adjusted gross profit (loss) 22 7 (15) 17 3 (10) (8) 14 89 (5) 3 117
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Gross profit (loss) 22 7 (15) 17 3 (10) (8) 14 89 (5) 3 117
Corporate and other income (costs) - - - - - - - - - 2 - 1
Exploration and evaluation costs - - - (6) - - - - (1) 6 (1) (3)
Intercompany transactions (17) (3) (13) - - - - - (2) 4 - (31)
Special items - (4) (10) (7) - (18) - - (12) 461 - 409
Operating profit (loss) 4 - (39) 4 3 (29) (8) 14 74 468 2 493
Retrenchment costs - 5 1 - - - - - - 4 - 9
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions 17 3 13 - - - - - 2 (4) - 31
Special items - 4 10 3 - 18 - - 30 (461) - (396)
Share of associates' EBIT - - - - - - - - - 22 - 22
EBIT 21 11 (14) 7 3 (10) (8) 14 106 28 2 160
Amortisation of assets 9 7 2 6 - 1 - - 33 1 1 61
Share of associates' amortisation - - - - - - - - - - - -
EBITDA 30 19 (12) 13 4 (10) (7) 14 139 28 3 221
Sustaining Ore reserve development capital - - 8 - - - - - - - - 8
Sustaining Stay-in-business capital - 6 29 10 6 (1) - 1 50 (1) 1 101
Project capital 66 1 17 - - 22 - - (1) (3) - 103
Total capital expenditure 66 7 54 10 6 21 - 1 50 (5) 2 212
Rounding of figures may result in computational discrepancies.
Sunrise Dam
Tropicana
70% attributable
Australasia
UNDERGROUND OPERATION
Area mined - 000 m
2
- - -
Mined - 000 tonnes 380 - 380
Milled / Treated - 000 tonnes 339 - 339
Recovered grade - oz/ton 0.077 - 0.077
- g/tonne 2.64 - 2.64
Gold produced - oz (000) 29 - 29
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold produced - oz (000) - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm 384 3,443 3,827
Mined - 000 tonnes 935 9,315 10,250
Treated - 000 tonnes 594 828 1,423
Stripping ratio - ratio 0.18 4.22 2.98
Recovered grade - oz/ton 0.112 0.073 0.089
- g/tonne 3.85 2.50 3.06
Gold produced - oz (000) 74 66 140
HEAP LEACH OPERATION
Mined - 000 tonnes - - -
Placed - 000 tonnes - - -
Stripping ratio - ratio - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold placed - oz (000) - - -
Gold produced - oz (000) - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 76.09 47.37 61.43
TOTAL
Subsidiaries' gold produced - oz (000) 102 66 169
J oint ventures' gold produced - oz (000) - - -
Attributable gold produced - oz (000) 102 66 169
Minority gold produced - oz (000) - - -
Subsidiaries' gold sold - oz (000) 94 58 152
J oint ventures' gold sold - oz (000) - - -
Attributable gold sold - oz (000) 94 58 152
Minority gold sold - oz (000) - - -
Spot price - $/oz 1,270 1,270 1,270
Price received - $/oz sold 1,264 1,262 1,263
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 804 640 763
Total cash costs - $/oz produced 685 569 640
Total production costs - $/oz produced 945 1,016 985
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2013 $'m
Sunrise Dam
Tropicana
70% attributable
Other Australasia
Gold income 119 73 - 192
Cash costs (70) (38) - (108)
By-products revenue - - - -
Total cash costs (70) (38) - (108)
Retrenchment costs - - (1) (1)
Rehabilitation and other non-cash costs - (2) - (2)
Amortisation of assets (27) (27) (1) (56)
Total production costs (97) (68) (2) (166)
Inventory change - 4 - 4
Cost of sales (97) (64) (2) (162)
Adjusted gross profit (loss) 23 9 (2) 30
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Gross profit (loss) 23 9 (2) 30
Corporate and other income (costs) - - - -
Exploration and evaluation costs - - (4) (4)
Intercompany transactions - - (2) (2)
Special items - - - -
Operating profit (loss) 23 9 (9) 23
Retrenchment costs - - 1 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Loss on realised other commodity contracts - - - -
Intercompany transactions - - 2 2
Special items - - - -
Share of associates' EBIT - - - -
EBIT 23 9 (6) 26
Amortisation of assets 27 27 1 56
Share of associates' amortisation - - - -
EBITDA 50 36 (4) 82
Sustaining Ore reserve development capital 5 - - 5
Sustaining Stay-in-business capital 1 - 1 2
Project capital - 28 - 28
Total capital expenditure 6 28 1 35
Rounding of figures may result in computational discrepancies.
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande Cripple Creek & Victor Americas
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - -
Mined - 000 tonnes - 518 297 - 815
Milled / Treated - 000 tonnes 55 525 286 - 867
Recovered grade - oz/ton 0.195 0.204 0.099 - 0.169
- g/tonne 6.69 6.99 3.41 - 5.79
Gold produced - oz (000) 12 118 31 - 161
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - -
Recovered grade - oz/ton - - - - -
- g/tonne - - - - -
Gold produced - oz (000) - - - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - -
Mined - 000 tonnes 6,246 - 414 - 6,660
Treated - 000 tonnes 205 - 25 - 231
Stripping ratio - ratio 27.79 - 7.01 - 23.79
Recovered grade - oz/ton 0.186 - 0.077 - 0.174
- g/tonne 6.38 - 2.65 - 5.97
Gold produced - oz (000) 42 - 2 - 44
HEAP LEACH OPERATION
Mined - 000 tonnes - 1,009 - 14,276 15,285
Placed - 000 tonnes 354 46 - 4,876 5,276
Stripping ratio - ratio - 21.02 - 1.95 2.13
Recovered grade - oz/ton - 0.045 - 0.009 0.009
- g/tonne - 1.55 - 0.30 0.29
Gold placed - oz (000) - 2 - 48 50
Gold produced - oz (000) 7 2 - 47 56
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 21.22 16.15 10.93 30.70 17.53
TOTAL
Subsidiaries' gold produced - oz (000) 61 120 34 47 262
J oint ventures' gold produced - oz (000) - - - - -
Attributable gold produced - oz (000) 61 120 34 47 262
Minority gold produced - oz (000) 5 - - - 5
Subsidiaries' gold sold - oz (000) 54 126 34 48 262
J oint ventures' gold sold - oz (000) - - - - -
Attributable gold sold - oz (000) 54 126 34 48 262
Minority gold sold - oz (000) 4 - - - 4
Spot price - $/oz 1,270 1,270 1,270 1,270 1,270
Price received - $/oz sold 1,280 1,274 1,270 1,272 1,274
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 852 891 956 1,076 887
Total cash costs - $/oz produced 672 518 712 825 634
Total production costs - $/oz produced 784 720 928 846 787
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2013 $'m
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande Cripple Creek & Victor Other
Non-controlling
interests
Americas
Gold income 64 160 44 61 - 5 335
Cash costs (57) (66) (24) (52) - (5) (204)
By-products revenue 16 4 - - - 1 21
Total cash costs (41) (62) (24) (52) - (3) (183)
Retrenchment costs - - - - - - (1)
Rehabilitation and other non-cash costs - (2) 3 19 (2) - 19
Amortisation of assets (7) (22) (10) - - (1) (40)
Total production costs (48) (87) (31) (33) (2) (4) (204)
Inventory change 6 (5) - (7) - - (6)
Cost of sales (42) (91) (32) (39) (2) (3) (210)
Adjusted gross profit (loss) 22 69 12 22 (2) 2 124
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Gross profit (loss) 22 69 12 22 (2) 2 125
Corporate and other income (costs) - (3) - - (4) - (8)
Exploration and evaluation costs - (5) (2) - (26) - (32)
Intercompany transactions - - - - - - (1)
Special items - (2) - - (17) - (19)
Operating profit (loss) 21 59 10 22 (49) 2 65
Retrenchment costs - - - - - - 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Loss on realised other commodity contracts - - - - - - -
Intercompany transactions - - - - - - 1
Special items - - - - (1) - (1)
Share of associates' EBIT - - - - - - -
EBIT 22 60 10 22 (48) 2 67
Amortisation of assets 7 22 10 - - 1 40
Share of associates' amortisation - - - - - - -
EBITDA 28 82 20 22 (49) 2 106
Sustaining Ore reserve development capital 4 11 5 - - - 19
Sustaining Stay-in-business capital 6 27 5 6 (9) 1 35
Project capital - 1 1 48 12 - 62
Total capital expenditure 10 38 11 54 3 1 116
Rounding of figures may result in computational discrepancies.
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng TauTona
West Wits
Operations
First
Uranium SA
Surface
Operations
Total Surface
Operations
South Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
14 64 29 107 60 48 108 - - - 215
Mined - 000 tonnes 75 293 192 560 419 217 636 - - - 1,196
Milled / Treated - 000 tonnes 99 264 183 545 411 280 691 - - - 1,236
Recovered grade - oz/ton 0.160 0.153 0.296 0.202 0.194 0.196 0.195 - - - 0.198
- g/tonne 5.49 5.25 10.15 6.94 6.67 6.74 6.69 - - - 6.80
Gold produced - oz (000) 17 44 60 122 88 61 149 - - - 270
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - - - - 6,167 2,194 8,360 8,360
Recovered grade - oz/ton - - - - - - - 0.004 0.014 0.006 0.006
- g/tonne - - - - - - - 0.13 0.46 0.22 0.22
Gold produced - oz (000) - - - - - - - 26 33 59 59
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - - - - - - - -
Mined - 000 tonnes - - - - - - - - - - -
Treated - 000 tonnes - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - -
- g/tonne - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - -
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - - - - - -
Placed - 000 tonnes - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - -
- g/tonne - - - - - - - - - - -
Gold placed - oz (000) - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 2.18 3.23 5.18 3.65 5.26 4.70 5.02 8.66 8.34 8.48 4.71
TOTAL
Subsidiaries' gold produced - oz (000) 17 44 60 122 88 61 149 26 33 59 329
J oint ventures' gold produced - oz (000) - - - - - - - - - - -
Attributable gold produced - oz (000) 17 44 60 122 88 61 149 26 33 59 329
Minority gold produced - oz (000) - - - - - - - - - - -
Subsidiaries' gold sold - oz (000) 19 47 62 128 92 63 155 26 35 61 344
J oint ventures' gold sold - oz (000) - - - - - - - - - - -
Attributable gold sold - oz (000) 19 47 62 128 92 63 155 26 35 61 344
Minority gold sold - oz (000) - - - - - - - - - - -
Spot price - $/oz 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329
Price received - $/oz sold 1,327 1,326 1,331 1,328 1,332 1,332 1,332 1,336 1,327 1,331 1,330
All-in sustaining cost (excluding stockpile
write offs)
- $/oz sold 1,516 1,273 1,082 1,216 1,085 1,207 1,135 940 1,032 993 1,143
Total cash costs - $/oz produced 1,298 960 671 867 757 897 814 793 1,012 915 851
Total production costs - $/oz produced 1,503 1,267 937 1,138 1,020 1,203 1,095 962 1,012 990 1,092
As from 1 J anuary 2013, TauTona and Savuka were mined as one operation.
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED SEPTEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED SEPTEMBER 2013 $'m
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng TauTona
West Wits
Operations
First Urnanium
SA
Surface
Operations
Total Surface
Operations
Other South Africa
Gold income 25 63 83 170 122 84 207 28 46 74 - 452
Cash costs (24) (48) (45) (116) (67) (54) (121) (21) (33) (54) - (291)
By-products revenue 1 5 4 11 - - - - - - - 11
Total cash costs (23) (43) (40) (105) (67) (54) (121) (21) (33) (54) - (280)
Retrenchment costs (1) (2) (4) (7) (4) (5) (9) - - - - (16)
Rehabilitation and other non-cash costs - (1) (1) (2) 1 - - (1) - (1) - (2)
Amortisation of assets (2) (11) (12) (24) (20) (14) (34) (4) - (4) - (62)
Total production costs (26) (56) (56) (139) (90) (73) (163) (25) (33) (58) - (359)
Inventory change (2) (3) (3) (8) (4) (3) (7) - (2) (1) - (16)
Cost of sales (28) (60) (59) (146) (94) (76) (170) (25) (35) (60) - (376)
Adjusted gross profit (loss) (3) 3 24 24 29 9 37 3 11 15 - 76
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - (34) - (34) - (34)
Gross profit (loss) (3) 3 24 24 29 9 37 (31) 11 (19) - 42
Corporate and other income (costs) (1) (1)
Exploration and evaluation costs (4) (4)
Intercompany transactions - -
Special items - -
Operating profit (loss) (3) 3 24 24 29 9 37 (31) 11 (19) (5) 37
Retrenchment costs 1 2 4 7 4 5 9 - - - - 16
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - 34 - 34 - 34
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions - - - - - - - - - - - -
Special items - - - - - - - - - - 1 1
Share of associates' EBIT - - - - - - - - - - - -
EBIT (1) 5 27 31 33 13 46 3 11 15 (4) 88
Amortisation of assets 2 11 12 24 20 14 34 4 - 4 - 62
Share of associates' amortisation - - - - - - - - - - - -
EBITDA 1 16 39 56 53 27 79 7 11 18 (4) 149
Sustaining Ore reserve development capital 2 8 14 24 19 11 30 - - - - 54
Sustaining Stay-in-business capital 1 3 6 10 7 4 10 3 1 4 - 24
Project capital - - 11 11 19 - 19 9 - 9 - 38
Total capital expenditure 3 11 30 44 45 14 59 12 1 13 - 116
Rounding of figures may result in computational discrepancies.
Kibali
45% attributable
Iduapriem Obuasi
Siguiri
85% attributable
Morila
40% attributable
Sadiola
41% attributable
Yatela
40% attributable
Navachab Geita Continental Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
1 - - - - - - - - 1
Mined - 000 tonnes 57 - 386 - - - - - - 443
Milled / Treated - 000 tonnes - - 362 - - - - - - 362
Recovered grade - oz/ton - - 0.160 - - - - - - 0.160
- g/tonne - - 5.49 - - - - - - 5.49
Gold produced - oz (000) - - 64 - - - - - - 64
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - 73 - - - - - - 73
Recovered grade - oz/ton - - 0.056 - - - - - - 0.056
- g/tonne - - 1.92 - - - - - - 1.92
Gold produced - oz (000) - - 5 - - - - - - 5
OPEN-PIT OPERATION
Volume mined - 000 bcm 2,158 3,424 - 1,789 - 2,010 - 1,528 3,193 14,102
Mined - 000 tonnes 3,348 9,013 - 3,105 - 3,665 - 4,098 9,447 32,676
Treated - 000 tonnes - 1,257 - 2,534 283 495 - 378 1,167 6,113
Stripping ratio - ratio 4.71 4.61 - 3.72 - 23.41 - 2.24 7.58 5.09
Recovered grade - oz/ton - 0.044 - 0.025 0.039 0.036 - 0.046 0.099 0.046
- g/tonne - 1.52 - 0.85 1.35 1.25 - 1.57 3.38 1.57
Gold produced - oz (000) - 62 - 69 12 20 - 19 127 309
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - 978 - - 978
Placed - 000 tonnes - - - - - - 209 - - 209
Stripping ratio - ratio - - - - - - 17.44 - - 17.44
Recovered grade - oz/ton - - - - - - 0.027 - - 0.027
- g/tonne - - - - - - 0.94 - - 0.94
Gold placed - oz (000) - - - - - - 6 - - 6
Gold produced - oz (000) - - - - - - 5 - - 5
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC - 20.34 4.61 13.50 15.10 9.47 6.05 6.88 17.22 10.36
TOTAL
Subsidiaries' gold produced - oz (000) - 62 68 69 - - - 19 127 346
J oint ventures' gold produced - oz (000) - - - - 12 20 5 - - 37
Attributable gold produced - oz (000) - 62 68 69 12 20 5 19 127 383
Minority gold produced - oz (000) - - - 12 - - - - - 12
Subsidiaries' gold sold - oz (000) - 60 69 77 - - - 19 126 349
J oint ventures' gold sold - oz (000) - - - - 12 21 5 - - 38
Attributable gold sold - oz (000) - 60 69 77 12 21 5 19 126 387
Minority gold sold - oz (000) - - - 12 - - - - - 12
Spot price - $/oz 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329 1,329
Price received - $/oz sold - 1,320 1,327 1,316 1,346 1,313 1,335 1,322 1,329 1,324
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold - 633 1,910 1,036 1,152 1,988 1,483 653 914 1,141
Total cash costs - $/oz produced - 580 1,082 987 757 1,738 1,422 502 549 804
Total production costs - $/oz produced - 664 1,465 1,079 808 1,758 1,547 501 624 979
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED SEPTEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED SEPTEMBER 2013 $'m
Kibali
45%
attributable
Iduapriem Obuasi
Siguiri
85%
attributable
Morila
40%
attributable
Sadiola
41%
attributable
Yatela
40%
attributable
Navachab Geita Other
Non-
controlling
interests
Continental
Africa
Gold income - 79 91 101 16 28 6 25 167 - 16 530
Cash costs - (36) (74) (69) (9) (35) (6) (10) (69) - (12) (320)
By-products revenue - - - - - - - - - - - 1
Total cash costs - (36) (74) (69) (9) (35) (6) (10) (69) - (12) (319)
Retrenchment costs - - (27) - - - - - - - - (27)
Rehabilitation and other non-cash costs - 2 2 - - - - - (1) (2) - 1
Amortisation of assets - (7) (1) (6) - (1) - - (24) (2) (1) (42)
Total production costs - (41) (100) (75) (10) (35) (7) (10) (93) (4) (13) (387)
Inventory change - (2) 1 (3) - (1) - (1) (7) - - (13)
Cost of sales - (42) (100) (78) (10) (36) (7) (11) (100) (4) (13) (400)
Adjusted gross profit (loss) - 36 (8) 23 7 (8) (1) 15 67 (4) 4 130
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Gross profit (loss) - 36 (8) 23 7 (8) (1) 15 67 (4) 4 130
Corporate and other income (costs) (1) - - - - - - - - (1) - (2)
Exploration and evaluation costs - 1 (1) (5) - - - - (2) (6) (1) (15)
Intercompany transactions (16) (3) (12) - - - - - (2) 3 - (30)
Special items - - (3) - - - - - (2) (3) (2) (10)
Operating profit (loss) (16) 34 (25) 18 7 (8) (1) 15 62 (11) 1 75
Retrenchment costs - - 27 - - - - - - - - 27
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions 16 3 12 - - - - - 2 (3) - 30
Special items - - 3 (2) - - - - 1 3 2 7
Share of associates' EBIT - - - - - - - - - 7 - 7
EBIT (1) 37 18 16 7 (8) (1) 15 64 (4) 3 145
Amortisation of assets - 7 1 6 - 1 - - 24 2 1 42
Share of associates' amortisation - - - - - - - - - - - -
EBITDA (1) 45 19 22 7 (8) (1) 15 88 (2) 4 187
Sustaining Ore reserve development capital - - 8 - - - - - - - - 8
Sustaining Stay-in-business capital - 3 24 4 5 7 - 2 36 - 1 81
Project capital 90 1 11 - - 1 - - 1 4 - 110
Total capital expenditure 90 4 43 4 5 8 - 2 38 3 1 198
Rounding of figures may result in computational discrepancies.
Sunrise Dam
Tropicana
70% attributable
Australasia
UNDERGROUND OPERATION
Area mined - 000 m
2
- - -
Mined - 000 tonnes 423 - 423
Milled / Treated - 000 tonnes 474 - 474
Recovered grade - oz/ton 0.064 - 0.064
- g/tonne 2.20 - 2.20
Gold produced - oz (000) 34 - 34
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold produced - oz (000) - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm 495 3,375 3,871
Mined - 000 tonnes 1,025 738 1,763
Treated - 000 tonnes 407 32 439
Stripping ratio - ratio 0.93 (0.24) 0.17
Recovered grade - oz/ton 0.063 - 0.059
- g/tonne 2.18 - 2.02
Gold produced - oz (000) 28 - 28
HEAP LEACH OPERATION
Mined - 000 tonnes - - -
Placed - 000 tonnes - - -
Stripping ratio - ratio - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold placed - oz (000) - - -
Gold produced - oz (000) - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 46.76 - 46.76
TOTAL
Subsidiaries' gold produced - oz (000) 62 - 62
J oint ventures' gold produced - oz (000) - - -
Attributable gold produced - oz (000) 62 - 62
Minority gold produced - oz (000) - - -
Subsidiaries' gold sold - oz (000) 63 - 63
J oint ventures' gold sold - oz (000) - - -
Attributable gold sold - oz (000) 63 - 63
Minority gold sold - oz (000) - - -
Spot price - $/oz 1,329 1,329 1,329
Price received - $/oz sold 1,326 - 1,326
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,229 - 1,582
Total cash costs - $/oz produced 1,184 - 1,270
Total production costs - $/oz produced 1,403 - 1,510
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED SEPTEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED SEPTEMBER 2013 $'m
Sunrise Dam
Tropicana
70% attributable
Other Australasia
Gold income 83 - - 83
Cash costs (74) - (5) (79)
By-products revenue - - - -
Total cash costs (73) - (5) (79)
Retrenchment costs - - - (1)
Rehabilitation and other non-cash costs 1 - - 1
Amortisation of assets (15) - (1) (15)
Total production costs (87) - (7) (94)
Inventory change (1) - - (1)
Cost of sales (88) - (7) (95)
Adjusted gross profit (loss) (4) - (7) (11)
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Gross profit (loss) (4) - (7) (11)
Corporate and other income (costs) - - - -
Exploration and evaluation costs - - (5) (5)
Intercompany transactions - - (2) (2)
Special items - - - -
Operating profit (loss) (4) - (14) (18)
Retrenchment costs - - - 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Loss on realised other commodity contracts - - - -
Intercompany transactions - - 2 2
Special items - - - -
Share of associates' EBIT - - - -
EBIT (4) - (12) (16)
Amortisation of assets 15 - 1 15
Share of associates' amortisation - - - -
EBITDA 10 - (11) -
Sustaining Ore reserve development capital 3 - - 3
Sustaining Stay-in-business capital 1 12 1 15
Project capital - 31 - 31
Total capital expenditure 4 43 1 49
Rounding of figures may result in computational discrepancies.
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande
Cripple Creek & Victor Americas
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - -
Mined - 000 tonnes - 526 284 - 809
Milled / Treated - 000 tonnes 58 522 280 - 860
Recovered grade - oz/ton 0.185 0.170 0.102 - 0.148
- g/tonne 6.33 5.81 3.49 - 5.09
Gold produced - oz (000) 12 98 31 - 141
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - -
Recovered grade - oz/ton - - - - -
- g/tonne - - - - -
Gold produced - oz (000) - - - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - -
Mined - 000 tonnes 5,200 - 320 238 5,758
Treated - 000 tonnes 187 - 38 - 225
Stripping ratio - ratio 23.35 - 3.46 - 10.01
Recovered grade - oz/ton 0.214 - 0.090 - 0.193
- g/tonne 7.34 - 3.07 - 6.62
Gold produced - oz (000) 44 - 4 - 48
HEAP LEACH OPERATION
Mined - 000 tonnes - 1,163 - 16,369 17,532
Placed - 000 tonnes 327 61 - 5,497 5,886
Stripping ratio - ratio - 17.99 - 2.09 2.27
Recovered grade - oz/ton - 0.071 - 0.009 0.009
- g/tonne - 2.44 - 0.31 0.31
Gold placed - oz (000) - 5 - 54 59
Gold produced - oz (000) 7 5 - 69 81
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 21.74 13.65 11.47 46.81 18.04
TOTAL
Subsidiaries' gold produced - oz (000) 63 103 35 69 270
J oint ventures' gold produced - oz (000) - - - - -
Attributable gold produced - oz (000) 63 103 35 69 270
Minority gold produced - oz (000) 5 - - - 5
Subsidiaries' gold sold - oz (000) 66 98 36 68 268
J oint ventures' gold sold - oz (000) - - - - -
Attributable gold sold - oz (000) 66 98 36 68 268
Minority gold sold - oz (000) 5 - - - 5
Spot price - $/oz 1,329 1,329 1,329 1,329 1,329
Price received - $/oz sold 1,333 1,325 1,318 1,325 1,326
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 823 996 979 1,006 957
Total cash costs - $/oz produced 614 602 709 744 656
Total production costs - $/oz produced 694 881 1,025 886 858
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED SEPTEMBER 2013
FINANCIAL RESULTS
QUARTER ENDED SEPTEMBER 2013 $'m
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande
Cripple Creek & Victor Other
Non-controlling
interests
Americas
Gold income 85 130 47 90 - 7 359
Cash costs (55) (65) (25) (59) - (4) (208)
By-products revenue 16 3 - - - 1 20
Total cash costs (39) (62) (25) (59) - (3) (188)
Retrenchment costs - - - - - - (1)
Rehabilitation and other non-cash costs 1 (7) 1 (1) - - (6)
Amortisation of assets (6) (21) (12) - - - (40)
Total production costs (44) (90) (36) (60) (1) (4) (234)
Inventory change (7) (2) 1 (1) - (1) (10)
Cost of sales (51) (93) (35) (61) (1) (4) (244)
Adjusted gross profit (loss) 34 37 13 29 (1) 3 114
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Gross profit (loss) 34 37 13 29 (1) 3 114
Corporate and other income (costs) - (4) - - (4) - (7)
Exploration and evaluation costs (1) (2) (2) - (31) - (36)
Intercompany transactions - - - - - - (1)
Special items - - - - (6) - (7)
Operating profit (loss) 32 31 10 29 (42) 3 63
Retrenchment costs - - - - - - 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Loss on realised other commodity contracts - - - - - - -
Intercompany transactions - - - - - - 1
Special items - - - - 4 - 5
Share of associates' EBIT - - - - (1) - (1)
EBIT 32 31 11 29 (39) 3 69
Amortisation of assets 6 21 12 - - - 40
Share of associates' amortisation - - - - - - -
EBITDA 38 53 23 29 (38) 3 108
Sustaining Ore reserve development capital 2 14 6 - - - 21
Sustaining Stay-in-business capital 6 10 5 1 2 - 24
Project capital 1 1 1 33 1 - 38
Total capital expenditure 10 25 11 33 4 1 83
Rounding of figures may result in computational discrepancies.
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng Savuka TauTona
West Wits
Operations
First
Uranium SA
Surface
Operations
Total Surface
Operations
South Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
13 45 16 74 26 5 19 50 - - - 124
Mined - 000 tonnes 78 220 147 445 186 31 98 315 - - - 760
Milled / Treated - 000 tonnes 83 167 102 352 220 25 117 362 - - - 715
Recovered grade - oz/ton 0.148 0.141 0.205 0.161 0.198 0.162 0.173 0.187 - - - 0.175
- g/tonne 5.06 4.85 7.04 5.54 6.78 5.56 5.93 6.42 - - - 5.99
Gold produced - oz (000) 14 26 23 63 48 5 22 75 - - - 138
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - - - - - 3,510 1,905 5,415 5,415
Recovered grade - oz/ton - - - - - - - - 0.003 0.010 0.006 0.006
- g/tonne - - - - - - - - 0.12 0.33 0.19 0.19
Gold produced - oz (000) - - - - - - - - 14 20 34 34
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - - - - - - - - -
Mined - 000 tonnes - - - - - - - - - - - -
Treated - 000 tonnes - - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - - -
- g/tonne - - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - - -
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - - - - - - -
Placed - 000 tonnes - - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - - -
- g/tonne - - - - - - - - - - - -
Gold placed - oz (000) - - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 1.50 1.68 1.78 1.67 2.99 1.92 1.91 2.48 5.69 5.40 5.51 2.32
TOTAL
Subsidiaries' gold produced - oz (000) 14 26 23 63 48 5 22 75 14 20 34 171
J oint ventures' gold produced - oz (000) - - - - - - - - - - - -
Attributable gold produced - oz (000) 14 26 23 63 48 5 22 75 14 20 34 171
Minority gold produced - oz (000) - - - - - - - - - - - -
Subsidiaries' gold sold - oz (000) 16 30 27 73 59 5 28 92 15 23 38 202
J oint ventures' gold sold - oz (000) - - - - - - - - - - - -
Attributable gold sold - oz (000) 16 30 27 73 59 5 28 92 15 23 38 202
Minority gold sold - oz (000) - - - - - - - - - - - -
Spot price - $/oz 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717
Price received - $/oz sold 1,723 1,723 1,722 1,720 1,721 1,718 1,721 1,720 1,708 1,723 1,720 1,721
All-in sustaining cost (excluding stockpile
write offs)
- $/oz sold 1,649 1,694 2,024 1,809 1,368 3,416 1,984 1,675 (905) 1,462 550 1,526
Total cash costs - $/oz produced 1,369 970 1,359 1,380 934 1,734 1,307 1,380 1,191 1,312 1,380 1,166
Total production costs - $/oz produced 1,498 1,273 1,533 2,129 1,241 3,175 1,916 2,129 (780) 1,348 2,129 1,298
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2012
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2012 $'m
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng Savuka TauTona
West Wits
Operations
First
Uranium SA
Surface
Operations
Total Surface
Operations
Other South Africa
Gold income received 27 51 47 125 101 9 48 158 20 40 60 - 344
Cash costs (28) (51) (48) (128) (45) (8) (29) (82) (16) (27) (43) - (253)
By-products revenue 10 26 17 53 - - - 1 - - - - 54
Total cash costs (19) (25) (32) (75) (45) (8) (29) (82) (16) (26) (43) - (200)
Retrenchment costs - - - (1) - - - - - - - - (1)
Rehabilitation and other non-cash costs 2 4 14 20 - - - (1) 30 - 30 - 49
Amortisation of assets (4) (11) (18) (33) (14) (6) (13) (33) (3) (1) (4) - (71)
Total production costs (20) (33) (36) (89) (59) (14) (43) (117) 11 (27) (17) - (222)
Inventory change (2) (5) (6) (13) (8) (1) (6) (14) 1 (3) (1) - (29)
Cost of sales (23) (38) (42) (102) (67) (16) (48) (131) 12 (30) (18) - (251)
Adjusted gross profit (loss) 4 13 6 23 34 (6) (1) 27 32 10 42 - 92
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - 25 - 25 - 25
Gross profit (loss) 4 13 6 23 34 (6) (1) 27 57 10 67 - 117
Corporate and other income (costs) (3) (3)
Exploration and evaluation costs (4) (4)
Intercompany transactions - -
Special items (50) (50)
Operating profit (loss) 4 13 6 23 34 (6) (1) 27 57 10 67 (57) 61
Retrenchment costs - - - 1 - - - - - - - - 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - (25) - (25) - (25)
Loss on realised other commodity contracts - - - - - - - - - - - - -
Intercompany transactions - - - - - - - - - - - - -
Special items - - - - - - - - - - - 51 51
Share of associates' EBIT - - - - - - - - - - - - -
EBIT 4 14 6 24 34 (6) (1) 27 32 10 42 (5) 87
Amortisation of assets 4 11 18 33 14 6 13 33 3 1 4 - 71
Share of associates' amortisation - - - - - - - - - - - - -
EBITDA 9 25 24 58 48 - 13 61 35 11 46 (5) 158
Sustaining Ore reserve development capital 2 9 12 24 10 4 8 22 - - - - 46
Sustaining Stay-in-business capital 5 14 19 39 18 5 11 34 2 5 7 - 80
Project capital - 4 20 24 32 - 1 33 4 - 4 - 61
Total capital expenditure 8 27 52 87 59 9 21 89 6 5 11 - 187
Rounding of figures may result in computational discrepancies.
Kibali
45% attributable
Iduapriem Obuasi
Siguiri
85% attributable
Morila
40% attributable
Sadiola
41% attributable
Yatela
40% attributable
Navachab Geita Continental Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - - - - - - -
Mined - 000 tonnes 3 - 431 - - - - - - 434
Milled / Treated - 000 tonnes - - 464 - - - - - - 464
Recovered grade - oz/ton - - 0.146 - - - - - - 0.146
- g/tonne - - 5.01 - - - - - - 5.01
Gold produced - oz (000) - - 75 - - - - - - 75
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - 61 - - - - - - 61
Recovered grade - oz/ton - - 0.019 - - - - - - 0.019
- g/tonne - - 0.65 - - - - - - 0.65
Gold produced - oz (000) - - 1 - - - - - - 1
OPEN-PIT OPERATION
Volume mined - 000 bcm 1,245 2,776 - 3,407 - 1,654 - 2,124 4,337 15,544
Mined - 000 tonnes 2,854 7,357 - 6,074 - 3,207 - 5,670 12,154 37,316
Treated - 000 tonnes - 1,083 - 2,670 446 544 - 364 1,204 6,311
Stripping ratio - ratio - 6.65 - 1.43 - 6.56 - 2.47 7.56 4.37
Recovered grade - oz/ton - 0.037 - 0.022 0.040 0.046 - 0.044 0.089 0.042
- g/tonne - 1.26 - 0.75 1.36 1.56 - 1.50 3.04 1.43
Gold produced - oz (000) - 44 - 64 20 27 - 18 118 290
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - 1,842 - - 1,842
Placed - 000 tonnes - - - - - - 277 - - 277
Stripping ratio - ratio - - - - - - 6.08 - - 6.08
Recovered grade - oz/ton - - - - - - 0.054 - - 0.054
- g/tonne - - - - - - 1.87 - - 1.87
Gold placed - oz (000) - - - - - - 17 - - 17
Gold produced - oz (000) - - - - - - 10 - - 10
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC - 14.96 5.69 12.02 34.48 13.32 11.65 5.86 16.48 10.67
TOTAL
Subsidiaries' gold produced - oz (000) - 44 76 64 - - - 18 118 319
J oint ventures' gold produced - oz (000) - - - - 20 27 10 - - 57
Attributable gold produced - oz (000) - 44 76 64 20 27 10 18 118 376
Minority gold produced - oz (000) - - - 11 - - - - - 11
Subsidiaries' gold sold - oz (000) - 44 74 54 - - - 17 119 309
J oint ventures' gold sold - oz (000) - - - - 20 31 10 - - 60
Attributable gold sold - oz (000) - 44 74 54 20 31 10 17 119 369
Minority gold sold - oz (000) - - - 10 - - - - - 10
Spot price - $/oz 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717 1,717
Price received - $/oz sold - 1,725 1,720 1,729 1,710 1,703 1,719 1,728 1,718 1,720
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold - 1,569 2,579 1,459 652 1,275 1,780 1,529 1,035 1,517
Total cash costs - $/oz produced - 991 1,519 1,060 714 1,273 1,581 1,040 534 986
Total production costs - $/oz produced - 1,241 2,395 1,279 687 1,269 1,771 1,325 866 1,348
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2012
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2012 $'m
Kibali
45%
attributable
Iduapriem Obuasi
Siguiri
85%
attributable
Morila
40%
attributable
Sadiola
41%
attributable
Yatela
40%
attributable
Navachab Geita Other
Non-
controlling
interests
Continental
Africa
Gold income received - 76 128 94 33 53 17 29 204 - 17 651
Cash costs - (43) (116) (68) (14) (35) (15) (18) (61) - (12) (384)
By-products revenue - - - - - - - - 1 - - 1
Total cash costs - (43) (116) (68) (14) (35) (15) (18) (61) - (12) (382)
Retrenchment costs - - - - - - - - - - - -
Rehabilitation and other non-cash costs - (5) (36) (9) 2 1 (1) (2) (2) 3 (2) (50)
Amortisation of assets - (6) (31) (6) (1) (1) (1) (3) (37) (2) (1) (88)
Total production costs - (54) (182) (82) (13) (35) (17) (23) (100) 1 (14) (521)
Inventory change - 1 3 9 - (3) (1) 1 - - 2 12
Cost of sales - (53) (179) (73) (13) (38) (18) (22) (100) 1 (13) (509)
Adjusted gross profit (loss) - 23 (51) 21 20 15 (1) 7 104 1 4 142
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Gross profit (loss) - 23 (51) 21 20 15 (1) 7 104 1 4 142
Corporate and other income (costs) - - - - - - - - - (3) - (3)
Exploration and evaluation costs - (3) (12) (8) - (1) - (1) (7) (16) (1) (50)
Intercompany transactions (10) (3) (9) - - - - - (2) (1) - (24)
Special items - - (323) (18) - - 4 - - (9) (3) (349)
Operating profit (loss) (10) 17 (394) (4) 20 13 3 6 95 (29) (1) (284)
Retrenchment costs - - - - - - - - - - - -
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Intercompany transactions 10 3 9 - - - - - 2 1 - 24
Special items - - 294 12 - - - - - 9 2 317
Share of associates' EBIT - - - - - - - - - - - -
EBIT - 20 (91) 7 20 13 3 5 97 (19) 1 57
Amortisation of assets - 6 31 6 1 1 1 3 37 2 1 88
Share of associates' amortisation - - - - - - - - - - - -
EBITDA - 26 (60) 13 21 14 4 9 134 (17) 2 146
Sustaining Ore reserve development capital - - 11 - - - - - - - - 11
Sustaining Stay-in-business capital - 19 21 6 - 1 - 5 52 - 1 106
Project capital 125 9 (3) 1 - 14 1 - 3 36 - 186
Total capital expenditure 125 27 29 8 - 15 1 5 55 36 1 304
Rounding of figures may result in computational discrepancies.
Sunrise Dam
Tropicana
70% attributable
Australasia
UNDERGROUND OPERATION
Area mined - 000 m
2
- - -
Mined - 000 tonnes 482 - 482
Milled / Treated - 000 tonnes 433 - 433
Recovered grade - oz/ton 0.080 - 0.080
- g/tonne 2.74 - 2.74
Gold produced - oz (000) 38 - 38
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold produced - oz (000) - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm 46 1,852 1,898
Mined - 000 tonnes 30 4,394 4,424
Treated - 000 tonnes 350 - 350
Stripping ratio - ratio 0.09 - 162.66
Recovered grade - oz/ton 0.044 - 0.044
- g/tonne 1.50 - 1.50
Gold produced - oz (000) 17 - 17
HEAP LEACH OPERATION
Mined - 000 tonnes - - -
Placed - 000 tonnes - - -
Stripping ratio - ratio - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold placed - oz (000) - - -
Gold produced - oz (000) - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 38.54 - 38.54
TOTAL
Subsidiaries' gold produced - oz (000) 55 - 55
J oint ventures' gold produced - oz (000) - - -
Attributable gold produced - oz (000) 55 - 55
Minority gold produced - oz (000) - - -
Subsidiaries' gold sold - oz (000) 55 - 55
J oint ventures' gold sold - oz (000) - - -
Attributable gold sold - oz (000) 55 - 55
Minority gold sold - oz (000) - - -
Spot price - $/oz 1,717 1,717 1,717
Price received - $/oz sold 1,719 - 1,719
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,963 - 2,260
Total cash costs - $/oz produced 1,309 - 1,462
Total production costs - $/oz produced 1,524 - 1,688
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2012
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2012 $'m
Sunrise Dam
Tropicana
70% attributable
Other Australasia
Gold income received 94 - - 94
Cash costs (72) - (8) (81)
By-products revenue - - - -
Total cash costs (72) - (8) (80)
Retrenchment costs - - - -
Rehabilitation and other non-cash costs (2) - - (2)
Amortisation of assets (10) - (1) (11)
Total production costs (84) - (9) (93)
Inventory change (1) - - (1)
Cost of sales (85) - (9) (94)
Adjusted gross profit (loss) 9 - (9) -
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Gross profit (loss) 9 - (9) -
Corporate and other income (costs) - - - -
Exploration and evaluation costs (12) - (11) (23)
Intercompany transactions - - (3) (3)
Special items - - 4 4
Operating profit (loss) (3) - (19) (22)
Retrenchment costs - - - -
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Loss on realised other commodity contracts - - - -
Intercompany transactions - - 3 3
Special items - - - -
Share of associates' EBIT - - - -
EBIT (3) - (16) (19)
Amortisation of assets 10 - 1 11
Share of associates' amortisation - - - -
EBITDA 7 - (16) (9)
Sustaining Ore reserve development capital 3 - - 3
Sustaining Stay-in-business capital 18 - 2 21
Project capital - 166 - 166
Total capital expenditure 21 166 2 189
Rounding of figures may result in computational discrepancies.
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande
Cripple Creek & Victor Americas
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - -
Mined - 000 tonnes - 511 277 - 788
Milled / Treated - 000 tonnes 57 507 247 - 811
Recovered grade - oz/ton 0.223 0.189 0.111 - 0.167
- g/tonne 7.65 6.47 3.81 - 5.74
Gold produced - oz (000) 14 105 30 - 150
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - -
Recovered grade - oz/ton - - - - -
- g/tonne - - - - -
Gold produced - oz (000) - - - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - -
Mined - 000 tonnes 6,193 - 465 - 6,658
Treated - 000 tonnes 192 - 67 - 259
Stripping ratio - ratio 26.49 - 5.10 - 21.09
Recovered grade - oz/ton 0.169 - 0.097 - 0.150
- g/tonne 5.78 - 3.32 - 5.15
Gold produced - oz (000) 36 - 7 - 43
HEAP LEACH OPERATION
Mined - 000 tonnes - 1,141 - 14,347 15,488
Placed - 000 tonnes 222 84 - 5,039 5,345
Stripping ratio - ratio - 12.61 - 1.93 2.11
Recovered grade - oz/ton - 0.071 - 0.012 0.012
- g/tonne - 2.45 - 0.40 0.41
Gold placed - oz (000) - 7 - 65 71
Gold produced - oz (000) 6 6 - 53 65
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 17.98 14.29 12.02 31.40 16.40
TOTAL
Subsidiaries' gold produced - oz (000) 55 112 37 53 258
J oint ventures' gold produced - oz (000) - - - - -
Attributable gold produced - oz (000) 55 112 37 53 258
Minority gold produced - oz (000) 4 - - - 4
Subsidiaries' gold sold - oz (000) 54 102 33 51 240
J oint ventures' gold sold - oz (000) - - - - -
Attributable gold sold - oz (000) 54 102 33 51 240
Minority gold sold - oz (000) 4 - - - 4
Spot price - $/oz 1,717 1,717 1,717 1,717 1,717
Price received - $/oz sold 1,708 1,714 1,717 1,712 1,712
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,397 1,308 1,250 942 1,253
Total cash costs - $/oz produced 758 671 750 668 703
Total production costs - $/oz produced 954 993 719 853 919
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
QUARTER ENDED DECEMBER 2012
FINANCIAL RESULTS
QUARTER ENDED DECEMBER 2012 $'m
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande
Cripple Creek & Victor Other
Non-controlling
interests
Americas
Gold income received 87 175 56 88 - 7 413
Cash costs (56) (80) (28) (53) (1) (5) (222)
By-products revenue 14 5 - - - 1 20
Total cash costs (42) (75) (28) (53) (1) (3) (202)
Retrenchment costs - (1) - - - - (1)
Rehabilitation and other non-cash costs (1) (7) 4 (6) (1) - (12)
Amortisation of assets (10) (28) (2) (10) - (1) (51)
Total production costs (53) (111) (27) (69) (2) (4) (266)
Inventory change 2 2 1 24 - - 28
Cost of sales (51) (109) (26) (45) (2) (4) (238)
Adjusted gross profit (loss) 36 66 30 43 (2) 3 175
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Gross profit (loss) 36 66 30 43 (2) 3 176
Corporate and other income (costs) (1) (6) (1) - (7) - (15)
Exploration and evaluation costs 4 (7) (2) - (38) - (43)
Intercompany transactions - - - - - - (1)
Special items (1) - - - (17) - (18)
Operating profit (loss) 38 52 27 43 (64) 3 100
Retrenchment costs - 1 - - - - 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Loss on realised other commodity contracts - - - - - - -
Intercompany transactions - - - - - - 1
Special items - - - - 1 - 1
Share of associates' EBIT - - - - (24) - (24)
EBIT 39 53 27 43 (87) 3 77
Amortisation of assets 10 28 2 10 - 1 51
Share of associates' amortisation - - - - - - -
EBITDA 48 81 30 53 (87) 4 128
Sustaining Ore reserve development capital 6 10 6 - - 1 23
Sustaining Stay-in-business capital 31 35 10 4 2 2 84
Project capital 7 13 1 30 5 1 56
Total capital expenditure 44 58 16 33 8 4 163
Rounding of figures may result in computational discrepancies.
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng TauTona
West Wits
Operations
First
Uranium SA
Surface
Operations
Total Surface
Operations
South Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
61 249 112 422 222 163 385 - - - 807
Mined - 000 tonnes 328 1,166 843 2,338 1,519 778 2,296 - - - 4,635
Milled / Treated - 000 tonnes 417 1,058 696 2,171 1,552 996 2,548 - - - 4,719
Recovered grade - oz/ton 0.179 0.153 0.276 0.197 0.207 0.214 0.210 - - - 0.204
- g/tonne 6.15 5.23 9.47 6.77 7.10 7.34 7.19 - - - 7.00
Gold produced - oz (000) 82 178 212 472 354 235 589 - - - 1,061
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - - - - 23,978 10,547 34,524 34,524
Recovered grade - oz/ton - - - - - - - 0.004 0.012 0.006 0.006
- g/tonne - - - - - - - 0.14 0.40 0.22 0.22
Gold produced - oz (000) - - - - - - - 104 136 241 241
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - - - - - - - -
Mined - 000 tonnes - - - - - - - - - - -
Treated - 000 tonnes - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - -
- g/tonne - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - -
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - - - - - -
Placed - 000 tonnes - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - -
- g/tonne - - - - - - - - - - -
Gold placed - oz (000) - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 2.51 3.11 4.22 3.37 5.33 4.01 4.71 9.46 9.28 9.35 4.47
TOTAL
Subsidiaries' gold produced - oz (000) 83 178 212 473 354 235 589 104 136 240 1,302
J oint ventures' gold produced - oz (000) - - - - - - - - - - -
Attributable gold produced - oz (000) 83 178 212 473 354 235 589 104 136 240 1,302
Minority gold produced - oz (000) - - - - - - - - - - -
Subsidiaries' gold sold - oz (000) 83 178 212 473 354 235 589 104 136 240 1,302
J oint ventures' gold sold - oz (000) - - - - - - - - - - -
Attributable gold sold - oz (000) 83 178 212 473 354 235 589 104 136 240 1,302
Minority gold sold - oz (000) - - - - - - - - - - -
Spot price - $/oz 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411
Price received - $/oz sold 1,424 1,418 1,390 1,407 1,414 1,406 1,412 1,399 1,426 1,414 1,410
All-in sustaining cost (excluding stockpile
write offs)
- $/oz sold 1,305 1,255 1,223 1,249 1,016 1,149 1,069 1,000 945 969 1,120
Total cash costs - $/oz produced 1,100 918 797 895 719 920 800 839 917 883 850
Total production costs - $/oz produced 1,252 1,210 1,138 1,185 978 1,117 1,034 922 942 933 1,070
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2013
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2013 $'m
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng TauTona
West Wits
Operations
First
Uranium SA
Surface Operations
Total Surface
Operations
Other South Africa
Gold income 117 252 294 664 501 330 832 120 194 314 - 1,810
Cash costs (99) (190) (188) (477) (255) (217) (472) (88) (125) (213) (1) (1,163)
By-products revenue 9 27 19 55 1 - 1 - - - 1 57
Total cash costs (91) (163) (169) (423) (255) (216) (471) (88) (125) (212) - (1,107)
Retrenchment costs (3) (5) (6) (14) (7) (6) (13) - - - - (27)
Rehabilitation and other non-cash costs (1) (4) (6) (11) (3) 10 7 (3) - (3) - (7)
Amortisation of assets (8) (43) (60) (112) (82) (51) (133) (5) (3) (9) - (253)
Total production costs (103) (216) (241) (560) (346) (262) (609) (96) (128) (224) - (1,394)
Inventory change - - 1 1 - - - (2) - (2) - -
Cost of sales (103) (215) (240) (558) (346) (262) (609) (98) (128) (226) - (1,393)
Adjusted gross profit (loss) 14 37 54 106 155 68 223 22 66 88 - 417
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - 94 - 94 - 94
Gross profit (loss) 14 37 54 106 155 68 223 116 66 182 - 510
Corporate and other income (costs) (5) (5)
Exploration and evaluation costs (15) (15)
Intercompany transactions - -
Special items (307) (309)
Operating profit (loss) 14 37 54 106 155 68 223 116 66 182 (328) 181
Retrenchment costs 3 5 6 14 7 6 13 - - - - 27
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - (94) - (94) - (94)
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions - - - - - - - - - - - -
Special items - - - - - - - - - - 312 312
Share of associates' EBIT - - - - - - - - - - - -
EBIT 17 43 60 120 161 74 235 20 66 86 (16) 426
Amortisation of assets 8 43 60 112 82 51 133 5 3 9 - 253
Share of associates' amortisation - - - - - - - - - - - -
EBITDA 25 86 120 231 243 125 368 26 69 95 (16) 679
Sustaining Ore reserve development capital 7 38 58 102 71 43 114 - - - - 216
Sustaining Stay-in-business capital 6 13 21 40 24 16 40 12 4 16 - 96
Project capital - 1 39 40 76 1 77 23 - 23 - 139
Total capital expenditure 13 52 117 182 171 59 231 34 4 38 - 451
Rounding of figures may result in computational discrepancies.
Kibali
45% attributable
Iduapriem Obuasi
Siguiri
85% attributable
Morila
40% attributable
Sadiola
41% attributable
Yatela
40% attributable
Navachab Geita Continental Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
2 - - - - - - - - 2
Mined - 000 tonnes 166 - 1,476 - - - - - - 1,642
Milled / Treated - 000 tonnes - - 1,402 - - - - - - 1,402
Recovered grade - oz/ton - - 0.144 - - - - - - 0.144
- g/tonne - - 4.94 - - - - - - 4.94
Gold produced - oz (000) - - 223 - - - - - - 223
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - 322 - - - - - - 322
Recovered grade - oz/ton - - 0.046 - - - - - - 0.046
- g/tonne - - 1.57 - - - - - - 1.57
Gold produced - oz (000) - - 16 - - - - - - 16
OPEN-PIT OPERATION
Volume mined - 000 bcm 5,862 13,454 - 9,864 - 7,325 - 7,019 13,482 57,006
Mined - 000 tonnes 11,252 35,454 - 17,028 - 13,693 - 18,821 38,164 134,412
Treated - 000 tonnes 362 4,793 - 10,148 1,430 1,991 - 1,420 4,040 24,186
Stripping ratio - ratio 4.77 5.72 - 1.66 - 13.81 - 2.45 9.71 4.70
Recovered grade - oz/ton 0.099 0.042 - 0.024 0.036 0.039 - 0.040 0.103 0.045
- g/tonne 3.41 1.43 - 0.82 1.23 1.34 - 1.39 3.54 1.54
Gold produced - oz (000) 40 221 - 268 57 86 - 63 459 1,194
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - 3,469 - - 3,469
Placed - 000 tonnes - - - - - - 1,026 - - 1,026
Stripping ratio - ratio - - - - - - 25.01 - - 25.01
Recovered grade - oz/ton - - - - - - 0.027 - - 0.027
- g/tonne - - - - - - 0.93 - - 0.93
Gold placed - oz (000) - - - - - - 31 - - 31
Gold produced - oz (000) - - - - - - 27 - - 27
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 83.56 18.41 4.10 12.88 17.88 10.56 10.21 5.63 15.55 9.97
TOTAL
Subsidiaries' gold produced - oz (000) 40 221 239 268 - - - 63 459 1,290
J oint ventures' gold produced - oz (000) - - - - 57 86 27 - - 170
Attributable gold produced - oz (000) 40 221 239 268 57 86 27 63 459 1,460
Minority gold produced - oz (000) - - - 47 - - - - - 47
Subsidiaries' gold sold - oz (000) 40 215 242 272 - - - 63 461 1,292
J oint ventures' gold sold - oz (000) - - - - 57 86 28 - - 170
Attributable gold sold - oz (000) 40 215 242 272 57 86 28 63 461 1,462
Minority gold sold - oz (000) - - - 47 - - - - - 47
Spot price - $/oz 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411 1,411
Price received - $/oz sold 1,238 1,398 1,408 1,416 1,405 1,404 1,439 1,409 1,388 1,398
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 9,065 1,025 2,214 1,085 1,051 1,510 1,653 781 833 1,202
Total cash costs - $/oz produced 471 861 1,406 918 773 1,334 1,530 691 515 869
Total production costs - $/oz produced 701 1,047 1,758 1,018 838 1,389 1,702 771 778 1,086
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2013
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2013 $'m
Kibali
45%
attributable
Iduapriem Obuasi
Siguiri
85%
attributable
Morila
40%
attributable
Sadiola
41%
attributable
Yatela
40%
attributable
Navachab Geita Other
Non-
controlling
interests
Continental
Africa
Gold income 49 301 341 385 80 121 40 88 640 - 66 2,110
Cash costs (19) (190) (337) (248) (44) (115) (42) (44) (233) (2) (42) (1,317)
By-products revenue - - - - - - - 1 2 - - 4
Total cash costs (19) (190) (336) (247) (44) (115) (42) (44) (232) (2) (42) (1,313)
Retrenchment costs - (5) (30) - (1) - - - - (4) - (39)
Rehabilitation and other non-cash costs - (7) (4) (3) (1) (3) (3) 1 - (7) (1) (28)
Amortisation of assets (9) (30) (50) (23) (2) (2) (2) (6) (120) (6) (4) (254)
Total production costs (28) (231) (420) (274) (48) (119) (47) (49) (352) (19) (47) (1,634)
Inventory change - 5 (5) (3) - - - - 6 (4) - (1)
Cost of sales (28) (226) (425) (278) (48) (119) (47) (49) (346) (23) (47) (1,635)
Adjusted gross profit (loss) 21 75 (84) 108 32 1 (7) 39 293 (23) 19 475
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Gross profit (loss) 21 75 (84) 108 32 1 (7) 39 293 (23) 19 475
Corporate and other income (costs) (2) - (1) - - - - - - (2) - (6)
Exploration and evaluation costs (1) (1) (6) (23) - (2) - (1) (11) (21) (4) (70)
Intercompany transactions (56) (12) (46) - - (1) - - (6) 8 - (113)
Special items - (162) (957) (44) - (18) - (24) (673) 382 3 (1,493)
Operating profit (loss) (38) (99) (1,093) 40 32 (19) (8) 15 (397) 344 18 (1,206)
Retrenchment costs - 5 30 - 1 - - - - 4 - 39
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions 56 12 46 - - 1 - - 6 (8) - 113
Special items - 162 955 25 - 18 - 24 652 (382) 3 1,456
Share of associates' EBIT - - - - - - - - - 29 - 29
EBIT 18 79 (62) 66 33 - (7) 38 261 (14) 20 431
Amortisation of assets 9 30 50 23 2 2 2 6 120 6 4 254
Share of associates' amortisation - - - - - - - - - - - -
EBITDA 27 108 (12) 89 35 2 (5) 44 381 (8) 24 685
Sustaining Ore reserve development capital - - 34 - - - - - - - - 34
Sustaining Stay-in-business capital - 22 120 23 13 11 - 5 146 1 4 346
Project capital 341 5 42 3 - 31 2 - 8 26 - 460
Total capital expenditure 341 28 196 25 13 42 3 5 154 27 4 839
Rounding of figures may result in computational discrepancies.
Sunrise Dam
Tropicana
70% attributable
Australasia
UNDERGROUND OPERATION
Area mined - 000 m
2
- - -
Mined - 000 tonnes 1,768 - 1,768
Milled / Treated - 000 tonnes 1,695 - 1,695
Recovered grade - oz/ton 0.075 - 0.075
- g/tonne 2.57 - 2.57
Gold produced - oz (000) 140 - 140
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold produced - oz (000) - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm 1,034 10,896 11,930
Mined - 000 tonnes 2,398 23,632 26,030
Treated - 000 tonnes 1,784 860 2,644
Stripping ratio - ratio 0.51 6.30 4.39
Recovered grade - oz/ton 0.069 0.070 0.069
- g/tonne 2.36 2.40 2.37
Gold produced - oz (000) 135 66 202
HEAP LEACH OPERATION
Mined - 000 tonnes - - -
Placed - 000 tonnes - - -
Stripping ratio - ratio - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold placed - oz (000) - - -
Gold produced - oz (000) - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 50.22 47.37 49.64
TOTAL
Subsidiaries' gold produced - oz (000) 276 66 342
J oint ventures' gold produced - oz (000) - - -
Attributable gold produced - oz (000) 276 66 342
Minority gold produced - oz (000) - - -
Subsidiaries' gold sold - oz (000) 265 58 323
J oint ventures' gold sold - oz (000) - - -
Attributable gold sold - oz (000) 265 58 323
Minority gold sold - oz (000) - - -
Spot price - $/oz 1,411 1,411 1,411
Price received - $/oz sold 1,387 1,262 1,365
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,321 1,113 1,376
Total cash costs - $/oz produced 1,110 568 1,047
Total production costs - $/oz produced 1,341 1,018 1,333
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2013
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2013 $'m
Sunrise Dam
Tropicana
70% attributable
Other Australasia
Gold income 368 73 - 441
Cash costs (306) (38) (15) (359)
By-products revenue 1 - - 1
Total cash costs (306) (38) (15) (358)
Retrenchment costs - - (1) (1)
Rehabilitation and other non-cash costs 4 (2) - 1
Amortisation of assets (67) (27) (3) (98)
Total production costs (369) (68) (19) (456)
Inventory change 3 4 - 7
Cost of sales (366) (64) (19) (449)
Adjusted gross profit (loss) 1 9 (19) (9)
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Gross profit (loss) 1 9 (19) (9)
Corporate and other income (costs) - - (1) (1)
Exploration and evaluation costs (12) - (20) (32)
Intercompany transactions - - (9) (9)
Special items - - 13 13
Operating profit (loss) (10) 9 (37) (38)
Retrenchment costs - - 1 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Loss on realised other commodity contracts - - - -
Intercompany transactions - - 9 9
Special items - - 1 1
Share of associates' EBIT - - - -
EBIT (10) 9 (26) (27)
Amortisation of assets 67 27 3 98
Share of associates' amortisation - - - -
EBITDA 57 37 (23) 71
Sustaining Ore reserve development capital 16 - - 16
Sustaining Stay-in-business capital 24 25 5 53
Project capital - 216 - 216
Total capital expenditure 39 241 5 285
Rounding of figures may result in computational discrepancies.
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande
Cripple Creek & Victor Americas
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - -
Mined - 000 tonnes - 2,046 1,111 - 3,157
Milled / Treated - 000 tonnes 226 2,047 1,076 - 3,349
Recovered grade - oz/ton 0.191 0.166 0.102 - 0.147
- g/tonne 6.56 5.70 3.50 - 5.05
Gold produced - oz (000) 48 375 121 - 544
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - -
Recovered grade - oz/ton - - - - -
- g/tonne - - - - -
Gold produced - oz (000) - - - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - -
Mined - 000 tonnes 22,640 - 1,580 238 24,458
Treated - 000 tonnes 776 - 175 - 951
Stripping ratio - ratio 25.04 - 4.77 - 16.71
Recovered grade - oz/ton 0.192 - 0.086 - 0.173
- g/tonne 6.58 - 2.94 - 5.91
Gold produced - oz (000) 164 - 17 - 181
HEAP LEACH OPERATION
Mined - 000 tonnes - 3,755 - 61,602 65,357
Placed - 000 tonnes 1,249 247 - 20,753 22,250
Stripping ratio - ratio - 14.21 - 2.02 2.17
Recovered grade - oz/ton - 0.058 - 0.010 0.010
- g/tonne - 2.00 - 0.34 0.34
Gold placed - oz (000) - 16 - 226 242
Gold produced - oz (000) 29 16 - 231 276
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 20.89 12.97 11.19 37.45 16.63
TOTAL
Subsidiaries' gold produced - oz (000) 241 391 138 231 1,001
J oint ventures' gold produced - oz (000) - - - - -
Attributable gold produced - oz (000) 241 391 138 231 1,001
Minority gold produced - oz (000) 20 - - - 20
Subsidiaries' gold sold - oz (000) 236 399 141 231 1,007
J oint ventures' gold sold - oz (000) - - - - -
Attributable gold sold - oz (000) 236 399 141 231 1,007
Minority gold sold - oz (000) 19 - - - 19
Spot price - $/oz 1,411 1,411 1,411 1,411 1,411
Price received - $/oz sold 1,415 1,402 1,409 1,408 1,407
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 912 1,023 970 927 970
Total cash costs - $/oz produced 622 646 719 732 671
Total production costs - $/oz produced 767 931 991 864 886
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2013
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2013 $'m
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Minerao
Serra Grande
Cripple Creek & Victor Other
Non-controlling
interests
Americas
Gold income 316 559 199 325 - 26 1,425
Cash costs (218) (267) (99) (230) (1) (18) (833)
By-products revenue 69 14 - - - 6 88
Total cash costs (150) (253) (99) (230) (1) (12) (745)
Retrenchment costs (1) (2) - - - - (3)
Rehabilitation and other non-cash costs (1) (7) 4 15 (3) - 9
Amortisation of assets (32) (103) (41) (21) (1) (3) (201)
Total production costs (185) (364) (136) (236) (4) (15) (940)
Inventory change - (9) 3 36 - - 31
Cost of sales (184) (374) (133) (199) (4) (15) (910)
Adjusted gross profit (loss) 132 185 65 126 (4) 11 515
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Gross profit (loss) 132 185 65 127 (4) 11 516
Corporate and other income (costs) (1) (14) 3 - (16) - (27)
Exploration and evaluation costs (6) (20) (8) - (125) - (160)
Intercompany transactions - (1) - - (1) - (2)
Special items (130) (349) - - (501) (11) (991)
Operating profit (loss) (5) (198) 60 127 (647) - (663)
Retrenchment costs 1 2 - - - - 3
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Loss on realised other commodity contracts - - - - - - -
Intercompany transactions - 1 - - 1 - 2
Special items 129 351 - - 476 10 968
Share of associates' EBIT - - - - (3) - (3)
EBIT 126 156 61 126 (172) 10 307
Amortisation of assets 32 103 41 21 1 3 201
Share of associates' amortisation - - - - - - -
EBITDA 158 259 102 147 (171) 13 508
Sustaining Ore reserve development capital 11 53 23 - - 1 89
Sustaining Stay-in-business capital 45 65 13 9 6 4 142
Project capital 8 5 4 148 15 1 180
Total capital expenditure 64 123 40 157 21 5 410
Rounding of figures may result in computational discrepancies.
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng Savuka TauTona
West Wits
Operations
First
Uranium SA
(1)
Surface
Operations
Total Surface
Operations
South Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
70 229 92 391 206 33 124 364 - - - 754
Mined - 000 tonnes 407 1,184 942 2,533 1,466 180 660 2,305 - - - 4,838
Milled / Treated - 000 tonnes 456 946 617 2,018 1,340 188 771 2,298 - - - 4,317
Recovered grade - oz/ton 0.167 0.157 0.238 0.184 0.274 0.178 0.222 0.249 - - - 0.219
- g/tonne 5.72 5.40 8.16 6.31 9.40 6.09 7.63 8.54 - - - 7.50
Gold produced - oz (000) 84 164 162 410 405 37 189 631 - - - 1,041
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - - - - - 7,184 10,777 17,962 17,962
Recovered grade - oz/ton - - - - - - - - 0.004 0.012 0.009 0.009
- g/tonne - - - - - - - - 0.12 0.42 0.30 0.30
Gold produced - oz (000) - - - - - - - - 28 144 172 172
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - - - - - - - - -
Mined - 000 tonnes - - - - - - - - - - - -
Treated - 000 tonnes - - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - - -
- g/tonne - - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - - -
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - - - - - - -
Placed - 000 tonnes - - - - - - - - - - - -
Stripping ratio - ratio - - - - - - - - - - - -
Recovered grade - oz/ton - - - - - - - - - - - -
- g/tonne - - - - - - - - - - - -
Gold placed - oz (000) - - - - - - - - - - - -
Gold produced - oz (000) - - - - - - - - - - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 2.34 2.61 3.05 2.70 6.33 3.98 4.03 5.25 8.00 13.45 9.86 4.19
TOTAL
Subsidiaries' gold produced - oz (000) 84 164 162 410 405 37 189 631 28 144 172 1,212
J oint ventures' gold produced - oz (000) - - - - - - - - - - - -
Attributable gold produced - oz (000) 84 164 162 410 405 37 189 631 28 144 172 1,212
Minority gold produced - oz (000) - - - - - - - - - - - -
Subsidiaries' gold sold - oz (000) 84 164 162 410 405 37 189 631 30 144 174 1,214
J oint ventures' gold sold - oz (000) - - - - - - - - - - - -
Attributable gold sold - oz (000) 84 164 162 410 405 37 189 631 30 144 174 1,214
Minority gold sold - oz (000) - - - - - - - - - - - -
Spot price - $/oz 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668
Price received - $/oz sold 1,664 1,660 1,665 1,667 1,664 1,665 1,667 1,667 1,696 1,665 1,667 1,665
All-in sustaining cost (excluding stockpile
write offs)
- $/oz sold 1,530 1,497 1,634 1,558 883 1,607 1,316 1,055 93 890 754 1,189
Total cash costs - $/oz produced 1,226 1,015 1,040 943 639 1,041 924 943 1,040 832 943 873
Total production costs - $/oz produced 1,475 1,267 1,522 1,277 816 1,352 1,262 1,277 274 859 1,277 1,095
( (1)
Effective 20 J uly 2012, AngloGold Ashanti acquired 100% of First Uranium (Pty) Ltd.
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2012
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2012 $'m
Great Noligwa Kopanang
Moab
Khotsong
Vaal River
Operations
Mponeng Savuka TauTona
West Wits
Operations
First
Uranium SA
(1)
Surface
Operations
Total Surface
Operations
Other South Africa
Gold income received 139 273 270 682 674 61 315 1,051 41 240 280 - 2,013
Cash costs (118) (211) (200) (529) (260) (38) (175) (474) (29) (120) (149) - (1,152)
By-products revenue 15 44 32 91 1 - 1 2 - - 1 - 94
Total cash costs (103) (167) (168) (438) (259) (38) (175) (472) (29) (120) (149) - (1,058)
Retrenchment costs (1) (2) (1) (3) (1) - (1) (3) - - - - (6)
Rehabilitation and other non-cash costs 1 1 12 14 (2) - (2) (5) 29 - 29 - 38
Amortisation of assets (21) (41) (89) (151) (68) (11) (61) (139) (7) (4) (11) - (302)
Total production costs (124) (208) (246) (578) (331) (50) (238) (619) (8) (124) (131) - (1,328)
Inventory change - - - 1 - - - - 1 - 1 - 2
Cost of sales (123) (208) (246) (577) (330) (50) (238) (618) (7) (123) (131) - (1,326)
Adjusted gross profit (loss) 16 65 24 105 344 12 77 432 34 116 150 - 687
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - (36) - (36) - (36)
Gross profit (loss) 16 65 24 105 344 12 77 432 (2) 116 114 - 651
Corporate and other income (costs) (9) (9)
Exploration and evaluation costs (11) (11)
Intercompany transactions - -
Special items (52) (53)
Operating profit (loss) 16 65 24 105 344 12 77 432 (2) 116 114 (72) 579
Retrenchment costs 1 2 1 3 1 - 1 3 - - - - 6
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - 36 - 36 - 36
Loss on realised other commodity contracts - - - - - - - - - - - - -
Intercompany transactions - - - - - - - - - - - - -
Special items - - - - - - - - 1 - 1 58 59
Share of associates' EBIT - - - - - - - - - - - - -
EBIT 17 67 24 108 345 12 78 435 34 116 150 (14) 679
Amortisation of assets 21 41 89 151 68 11 61 139 7 4 11 - 302
Share of associates' amortisation - - - - - - - - - - - - -
EBITDA 38 108 113 262 413 23 139 577 41 120 161 (14) 981
Sustaining Ore reserve development capital 11 44 67 123 54 12 45 111 - - - - 233
Sustaining Stay-in-business capital 15 34 40 89 41 8 26 76 3 8 11 - 176
Project capital 1 15 52 68 99 - 2 101 4 - 4 - 173
Total capital expenditure 27 93 159 280 194 20 73 288 7 8 15 - 583
(1)
Effective 20 J uly 2012, AngloGold Ashanti acquired 100% of First Uranium(Pty) Ltd
Rounding of figures may result in computational discrepancies.
Kibali
45% attributable
Iduapriem Obuasi
Siguiri
85% attributable
Morila
40% attributable
Sadiola
41% attributable
Yatela
40% attributable
Navachab Geita Continental Africa
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - - - - - - -
Mined - 000 tonnes 3 - 1,620 - - - - - - 1,622
Milled / Treated - 000 tonnes - - 1,799 - - - - - - 1,799
Recovered grade - oz/ton - - 0.140 - - - - - - 0.140
- g/tonne - - 4.79 - - - - - - 4.79
Gold produced - oz (000) - - 277 - - - - - - 277
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - 326 - - - - - - 326
Recovered grade - oz/ton - - 0.009 - - - - - - 0.009
- g/tonne - - 0.31 - - - - - - 0.31
Gold produced - oz (000) - - 3 - - - - - - 3
OPEN-PIT OPERATION
Volume mined - 000 bcm 1,245 9,868 - 12,719 - 7,039 - 8,623 17,444 56,937
Mined - 000 tonnes 2,854 26,149 - 22,684 - 13,210 - 22,400 47,880 135,177
Treated - 000 tonnes - 4,585 - 10,083 1,781 1,902 - 1,438 4,751 24,541
Stripping ratio - ratio - 4.18 - 1.39 - 10.44 - 4.44 8.90 4.49
Recovered grade - oz/ton - 0.036 - 0.022 0.041 0.048 - 0.046 0.101 0.045
- g/tonne - 1.22 - 0.76 1.41 1.64 - 1.59 3.47 1.54
Gold produced - oz (000) - 180 - 247 81 100 - 74 531 1,212
HEAP LEACH OPERATION
Mined - 000 tonnes - - - - - - 8,277 - - 8,277
Placed - 000 tonnes - - - - - - 1,090 - - 1,090
Stripping ratio - ratio - - - - - - 11.96 - - 11.96
Recovered grade - oz/ton - - - - - - 0.031 - - 0.031
- g/tonne - - - - - - 1.06 - - 1.06
Gold placed - oz (000) - - - - - - 37 - - 37
Gold produced - oz (000) - - - - - - 29 - - 29
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC - 15.61 5.19 12.10 35.72 12.27 8.82 6.43 19.20 10.97
TOTAL
Subsidiaries' gold produced - oz (000) - 180 280 247 - - - 74 531 1,311
J oint ventures' gold produced - oz (000) - - - - 81 100 29 - - 210
Attributable gold produced - oz (000) - 180 280 247 81 100 29 74 531 1,521
Minority gold produced - oz (000) - - - 44 - - - - - 44
Subsidiaries' gold sold - oz (000) - 183 281 233 - - - 73 546 1,316
J oint ventures' gold sold - oz (000) - - - - 81 101 28 - - 211
Attributable gold sold - oz (000) - 183 281 233 81 101 28 73 546 1,527
Minority gold sold - oz (000) - - - 41 - - - - - 41
Spot price - $/oz 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668 1,668
Price received - $/oz sold - 1,664 1,666 1,664 1,663 1,664 1,676 1,671 1,660 1,664
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold - 1,437 2,021 1,105 765 1,249 1,888 1,329 816 1,235
Total cash costs - $/oz produced - 955 1,187 938 767 1,169 1,758 1,036 427 830
Total production costs - $/oz produced - 1,134 1,590 1,065 798 1,185 1,874 1,262 694 1,060
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2012
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2012 $'m
Kibali
45%
attributable
Iduapriem Obuasi
Siguiri
85%
attributable
Morila
40%
attributable
Sadiola
41%
attributable
Yatela
40%
attributable
Navachab Geita Other
Non-
controlling
interests
Continental
Africa
Gold income received - 304 468 388 135 169 48 123 906 - 68 2,609
Cash costs - (173) (333) (232) (63) (118) (51) (77) (223) - (41) (1,309)
By-products revenue - 1 1 - - - - - 3 - - 6
Total cash costs - (172) (332) (231) (62) (117) (51) (76) (220) - (41) (1,303)
Retrenchment costs - - - - - - - - - - - (1)
Rehabilitation and other non-cash costs (1) (8) (41) (11) 2 1 (1) (2) (7) (1) (2) (71)
Amortisation of assets (1) (24) (71) (21) (4) (3) (2) (15) (134) (6) (3) (285)
Total production costs (2) (204) (445) (263) (65) (119) (54) (93) (362) (7) (46) (1,659)
Inventory change - (3) - 14 - (1) 1 - (4) - 2 9
Cost of sales (2) (207) (446) (249) (65) (120) (54) (93) (366) (7) (44) (1,650)
Adjusted gross profit (loss) (2) 97 23 139 70 49 (6) 30 540 (7) 25 959
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Gross profit (loss) (2) 97 23 139 70 49 (6) 30 540 (7) 25 959
Corporate and other income (costs) 1 - (1) (1) - - - - - (11) - (12)
Exploration and evaluation costs (1) (4) (12) (21) - (3) (2) (5) (17) (55) (4) (123)
Intercompany transactions (21) (10) (30) - - - - 1 (7) (15) - (82)
Special items - - (325) (25) - - 4 - - (6) (4) (356)
Operating profit (loss) (22) 83 (344) 93 70 45 (4) 27 516 (94) 17 386
Retrenchment costs - - - - - - - - - - - 1
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - - - - - - -
Loss on realised other commodity contracts - - - - - - - - - - - -
Intercompany transactions 21 10 30 - - - - (1) 7 15 - 82
Special items - - 296 12 - - - - - 5 2 316
Share of associates' EBIT - - - - - - - - - - - -
EBIT (2) 93 (18) 105 70 46 (4) 26 523 (74) 19 785
Amortisation of assets 1 24 71 21 4 3 2 15 134 6 3 285
Share of associates' amortisation - - - - - - - - - - - -
EBITDA (1) 117 53 125 74 48 (1) 40 657 (68) 22 1,069
Sustaining Ore reserve development capital - - 45 - - - - - - - - 45
Sustaining Stay-in-business capital - 75 136 16 1 6 1 15 196 2 3 449
Project capital 263 20 4 11 - 31 2 - 20 77 2 430
Total capital expenditure 263 95 185 28 1 37 2 15 216 79 5 925
Rounding of figures may result in computational discrepancies.
Sunrise Dam
Tropicana
70% attributable
Australasia
UNDERGROUND OPERATION
Area mined - 000 m
2
- - -
Mined - 000 tonnes 1,459 - 1,459
Milled / Treated - 000 tonnes 1,444 - 1,444
Recovered grade - oz/ton 0.076 - 0.076
- g/tonne 2.60 - 2.60
Gold produced - oz (000) 121 - 121
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold produced - oz (000) - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm 1,534 3,026 4,559
Mined - 000 tonnes 4,223 7,180 11,403
Treated - 000 tonnes 1,914 - 1,914
Stripping ratio - ratio 2.46 - 8.35
Recovered grade - oz/ton 0.065 - 0.065
- g/tonne 2.22 - 2.22
Gold produced - oz (000) 137 - 137
HEAP LEACH OPERATION
Mined - 000 tonnes - - -
Placed - 000 tonnes - - -
Stripping ratio - ratio - - -
Recovered grade - oz/ton - - -
- g/tonne - - -
Gold placed - oz (000) - - -
Gold produced - oz (000) - - -
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 43.46 - 43.46
TOTAL
Subsidiaries' gold produced - oz (000) 258 - 258
J oint ventures' gold produced - oz (000) - - -
Attributable gold produced - oz (000) 258 - 258
Minority gold produced - oz (000) - - -
Subsidiaries' gold sold - oz (000) 257 - 257
J oint ventures' gold sold - oz (000) - - -
Attributable gold sold - oz (000) 257 - 257
Minority gold sold - oz (000) - - -
Spot price - $/oz 1,668 1,668 1,668
Price received - $/oz sold 1,663 - 1,663
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 1,470 - 1,680
Total cash costs - $/oz produced 1,126 - 1,211
Total production costs - $/oz produced 1,264 - 1,358
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2012
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2012 $'m
Sunrise Dam
Tropicana
70% attributable
Other Australasia
Gold income received 426 - - 426
Cash costs (291) - (22) (313)
By-products revenue 1 - - 1
Total cash costs (290) - (22) (312)
Retrenchment costs - - - -
Rehabilitation and other non-cash costs (2) - - (2)
Amortisation of assets (34) - (2) (36)
Total production costs (326) - (24) (350)
Inventory change 2 - - 2
Cost of sales (324) - (24) (348)
Adjusted gross profit (loss) 103 - (24) 78
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Gross profit (loss) 103 - (24) 78
Corporate and other income (costs) - - (1) (1)
Exploration and evaluation costs (40) - (45) (85)
Intercompany transactions - - (12) (12)
Special items - - 15 15
Operating profit (loss) 62 - (68) (5)
Retrenchment costs - - - -
Unrealised non-hedge derivatives and other
commodity contracts
- - - -
Loss on realised other commodity contracts - - - -
Intercompany transactions - - 12 12
Special items - - 3 3
Share of associates' EBIT - - - -
EBIT 62 - (52) 10
Amortisation of assets 34 - 2 36
Share of associates' amortisation - - - -
EBITDA 97 - (50) 46
Sustaining Ore reserve development capital 14 - - 14
Sustaining Stay-in-business capital 34 - 5 39
Project capital - 315 - 315
Total capital expenditure 49 315 5 369
Rounding of figures may result in computational discrepancies.
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Brasil Minerao
Serra Grande
50% attributable
(1)
Cripple Creek & Victor Americas
UNDERGROUND OPERATION
Area mined - 000 m
2
- - - - -
Mined - 000 tonnes - 1,742 768 - 2,510
Milled / Treated - 000 tonnes 196 1,879 721 - 2,796
Recovered grade - oz/ton 0.219 0.177 0.099 - 0.160
- g/tonne 7.51 6.07 3.40 - 5.48
Gold produced - oz (000) 47 367 78 - 492
SURFACE AND DUMP RECLAMATION
Milled / Treated - 000 tonnes - - - - -
Recovered grade - oz/ton - - - - -
- g/tonne - - - - -
Gold produced - oz (000) - - - - -
OPEN-PIT OPERATION
Volume mined - 000 bcm - - - - -
Mined - 000 tonnes 22,772 - 1,436 - 24,208
Treated - 000 tonnes 784 - 190 - 973
Stripping ratio - ratio 24.34 - 7.09 - 21.12
Recovered grade - oz/ton 0.182 - 0.091 - 0.165
- g/tonne 6.23 - 3.13 - 5.66
Gold produced - oz (000) 157 - 20 - 177
HEAP LEACH OPERATION
Mined - 000 tonnes - 5,036 - 58,212 63,248
Placed - 000 tonnes 690 349 - 20,912 21,951
Stripping ratio - ratio - 13.43 - 1.82 2.02
Recovered grade - oz/ton - 0.055 - 0.012 0.012
- g/tonne - 1.90 - 0.40 0.42
Gold placed - oz (000) - 21 - 272 293
Gold produced - oz (000) 15 21 - 247 283
PRODUCTIVITY PER EMPLOYEE
Actual - oz/TEC 18.21 14.22 11.45 37.46 17.47
TOTAL
Subsidiaries' gold produced - oz (000) 219 388 98 247 953
J oint ventures' gold produced - oz (000) - - - - -
Attributable gold produced - oz (000) 219 388 98 247 953
Minority gold produced - oz (000) 18 - - - 49
Subsidiaries' gold sold - oz (000) 229 382 97 247 955
J oint ventures' gold sold - oz (000) - - - - -
Attributable gold sold - oz (000) 229 382 97 247 955
Minority gold sold - oz (000) 19 - 33 - 51
Spot price - $/oz 1,668 1,668 1,668 1,668 1,668
Price received - $/oz sold 1,671 1,662 1,669 1,658 1,664
All-in sustaining cost (excluding
stockpile write offs)
- $/oz sold 935 1,114 1,168 817 1,006
Total cash costs - $/oz produced 576 696 821 638 669
Total production costs - $/oz produced 759 1,037 958 804 907
(1)
AngloGold Ashanti acquired the remaining 50% stake in Serra Grande with an effective reporting date of 1 J uly 2012.
Recovered grade calculated using a short ton.
Rounding of figures may result in computational discrepancies.
OPERATING RESULTS
YEAR ENDED DECEMBER 2012
FINANCIAL RESULTS - YEAR
ENDED DECEMBER 2012 $'m
Cerro Vanguardia
92.5% attributable
AngloGold Ashanti
Brasil Minerao
Serra Grande
50% attributable
(1)
Cripple Creek & Victor Other
Non-controlling
interests
Americas
Gold income received 366 635 162 409 - 83 1,656
Cash costs (206) (290) (80) (225) (3) (44) (848)
By-products revenue 80 20 - - - 7 106
Total cash costs (126) (270) (80) (225) (3) (38) (742)
Retrenchment costs (1) (2) - - - - (4)
Rehabilitation and other non-cash costs (6) (17) 4 (9) (2) (1) (31)
Amortisation of assets (33) (113) (17) (41) - (10) (213)
Total production costs (166) (402) (94) (274) (4) (49) (989)
Inventory change (3) 1 (3) 76 - (1) 69
Cost of sales (170) (401) (96) (199) (4) (50) (920)
Adjusted gross profit (loss) 196 233 66 210 (4) 33 736
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Gross profit (loss) 196 233 66 211 (4) 33 736
Corporate and other income (costs) (1) (17) (2) - (20) - (41)
Exploration and evaluation costs (5) (26) (2) - (114) (1) (149)
Intercompany transactions - (1) - - (1) - (2)
Special items 2 - - - (18) - (17)
Operating profit (loss) 192 189 61 211 (158) 32 527
Retrenchment costs 1 2 - - - - 4
Unrealised non-hedge derivatives and other
commodity contracts
- - - - - - -
Loss on realised other commodity contracts - - - - - - -
Intercompany transactions - 1 - - 1 - 2
Special items - - - - 2 - 2
Share of associates' EBIT - - - - (44) - (44)
EBIT 192 192 61 210 (197) 32 490
Amortisation of assets 33 113 17 41 - 10 213
Share of associates' amortisation - - - - - - -
EBITDA 226 305 78 251 (198) 42 704
Sustaining Ore reserve development capital 14 44 14 - - 4 76
Sustaining Stay-in-business capital 57 63 16 16 5 6 166
Project capital 16 55 3 84 6 3 167
Total capital expenditure 88 162 33 100 11 13 409
(1)
AngloGold Ashanti acquired the remaining 50% stake in Serra Grande with an effective reporting date of 1 J uly 2012.
Rounding of figures may result in computational discrepancies.