ANGLOGOLD ASHANTI PLC - AngloGold Ashanti and Gold Fields Agree to Pause Proposed Ghana JV Discussions

AngloGold Ashanti and Gold Fields Agree to Pause Proposed Ghana JV Discussions

AngloGold Ashanti plc
(Incorporated in England and Wales)
Registration No. 14654651
LEI No. 2138005YDSA7A82RNU96
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE Share code: AU
JSE Share code: ANG




NEWS RELEASE
AngloGold Ashanti and Gold Fields Agree to Pause Proposed Ghana JV
Discussions

AngloGold Ashanti plc ("AngloGold Ashanti" or the "Company") and Gold Fields have agreed to pause
discussions about a proposed joint venture to combine their Iduapriem and Tarkwa gold mines in Ghana.


The companies proposed the combination of the neighbouring mines in March 2023 and have spent much
of the intervening time in a constructive dialogue with the Government of Ghana to obtain the necessary
approvals.


Over that time, AngloGold Ashanti has identified changes in its standalone mine plan for Iduapriem which
have the potential to unlock significant additional value.


The companies have decided to pause discussions around the joint venture to allow them to focus on
improving the current, standalone performance at their respective sites, while also allowing AngloGold
Ashanti to consolidate the improvements to its long-term mining plan, which currently shows the highest
value of its options.



ABOUT IDUAPRIEM


Iduapriem is located in the western region of Ghana, approximately 70km north of the coastal city of
Takoradi and about 10km south-west of Gold Fields' Tarkwa mine.
The open pit mine began gold production in September 1992 and was acquired by AngloGold Ashanti in
2002 when it merged with Ashanti Goldfields.
In 2024 Iduapriem produced 237,000 ounces of gold at a total cash cost of $1,118/oz.


ENDS


London, Denver, Johannesburg


6 May 2025

JSE Sponsor: The Standard Bank of South Africa Limited



CONTACTS


Media


Andrea Maxey                               +61 08 9425 4603 / +61 400 072 199                                      amaxey@aga.gold
General inquiries                                                                                                  media@anglogoldashanti.com




Forward-looking statements
Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining
industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity
improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement
and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture
transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of
any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial
reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current
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"potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly,
statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown
risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results,
performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such
forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance,
actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and
market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other
government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain
disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or
effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's
internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors,
refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC).
These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from
those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results,
performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no
obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person
acting on its behalf are qualified by the cautionary statements herein.

Date: 06-05-2025 07:35:00
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