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AngloGold Ashanti Q3 2023 - Operations at a glance
AngloGold Ashanti plc
(Incorporated in England and Wales)
Registration number: 14654651
LEI No.: 2138005YDSA7A82RNU96
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE Share code: AU
JSE Share code: ANG
("AngloGold Ashanti", "AGA" or the "Company")
AngloGold Ashanti Q3 2023 – Operations at a glance
On 9 November 2023, AngloGold Ashanti released the below tables on its website which include unaudited
information on the Company's production, costs and capital expenditure for the three months and the nine
months ended 30 September 2023. AngloGold Ashanti expects to release full year results for 2023 with detailed
financial and operating information in February 2024.
Operations at a glance
for the quarters ended 30 September 2023, 30 June 2023 and 30 September 2022
Underground milled / Underground Recovered
Gold production Open-pit treated treated Other milled / treated Open-pit Recovered grade grade Other Recovered grade Total Recovered grade
oz (000) 000 tonnes 000 tonnes 000 tonnes g/tonne g/tonne g/tonne g/tonne
Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22
AFRICA Joint Ventures 99 88 83 512 537 506 446 413 392 — — — 1.89 1.42 0.82 4.75 4.75 5.52 — — — 3.22 2.87 2.87
Kibali - Attributable 45% 99 88 83 512 537 506 446 413 392 — — — 1.89 1.42 0.82 4.75 4.75 5.52 — — — 3.22 2.87 2.87
AFRICA Subsidiaries 298 277 360 4,669 3,813 4,449 863 946 894 93 43 31 1.16 1.21 1.27 4.38 4.20 6.13 0.96 1.03 1.48 1.65 1.80 2.08
Iduapriem 71 56 66 1,396 1,284 1,392 — — — — — — 1.59 1.34 1.47 — — — — — — 1.59 1.34 1.47
Obuasi 46 57 72 — — — 230 267 299 93 43 31 — — — 5.85 6.49 7.29 0.96 1.03 1.48 4.43 5.74 6.74
Siguiri - Attributable 85% 55 45 66 2,474 1,830 2,159 — — — — — — 0.69 0.77 0.95 — — — — — — 0.69 0.77 0.95
Geita 126 119 156 799 699 898 633 679 595 — — — 1.84 2.09 1.72 3.85 3.30 5.55 — — — 2.73 2.69 3.25
AUSTRALIA 140 140 143 1,554 1,845 1,950 1,004 912 805 — — — 1.22 1.08 1.29 2.43 2.57 2.42 — — — 1.70 1.58 1.62
Sunrise Dam 64 66 57 271 392 462 659 620 560 — — — 1.54 1.27 1.23 2.36 2.48 2.18 — — — 2.12 2.01 1.75
Tropicana - Attributable 70% 76 74 86 1,283 1,453 1,488 345 292 245 — — — 1.16 1.03 1.30 2.56 2.77 2.97 — — — 1.46 1.32 1.54
AMERICAS 136 147 152 220 186 185 674 669 1,064 624 767 520 1.84 2.52 3.27 3.25 3.44 3.61 2.62 2.34 0.56 2.79 2.82 2.67
Cerro Vanguardia -
Attributable 92.50% 35 37 44 179 184 165 101 104 116 349 383 440 1.98 2.53 3.54 5.67 5.02 4.90 0.45 0.42 0.46 1.72 1.71 1.88
AngloGold Ashanti Mineração 77 88 86 — — — 293 295 682 275 384 80 — — — 3.17 3.73 3.81 5.37 4.25 1.08 4.24 4.03 3.52
Serra Grande 24 22 22 41 2 20 280 270 266 — — — 1.23 1.66 1.02 2.45 2.52 2.52 — — — 2.30 2.52 2.42
AngloGold Ashanti Total 673 652 738 6,955 6,381 7,090 2,987 2,940 3,155 717 810 552 1.25 1.23 1.29 3.53 3.60 4.26 2.40 2.27 0.61 1.96 2.00 2.13
Joint Ventures 99 88 83 512 537 506 446 413 392 — — — 1.89 1.42 0.82 4.75 4.75 5.52 — — — 3.22 2.87 2.87
Subsidiaries 574 564 655 6,443 5,844 6,584 2,541 2,527 2,763 717 810 552 1.20 1.21 1.33 3.31 3.41 4.08 2.40 2.27 0.61 1.84 1.91 2.06
Rounding of figures may result in computational discrepancies.
Operations at a glance (continued)
for the quarters ended 30 September 2023, 30 June 2023 and 30 September 2022
Total cash costs All-in sustaining costs Sustaining ORD / Stripping capex Other sustaining capex Non-sustaining capex
$/oz $/oz $m $m $m
Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22 Sep-23 Jun-23 Sep-22
AFRICA Joint Ventures 721 779 762 820 982 972 1 7 5 9 8 10 8 8 5
Kibali - Attributable 45% 721 779 762 820 982 972 1 7 5 9 8 10 8 8 5
AFRICA Subsidiaries 1,163 1,221 1,011 1,639 1,566 1,232 73 59 42 59 23 25 34 39 50
Iduapriem 822 1,230 792 1,122 1,626 1,043 17 19 11 4 3 5 8 11 20
Obuasi 1,449 952 961 2,491 1,423 1,236 25 21 11 21 4 6 18 14 20
Siguiri - Attr. 85% 1,664 1,740 1,386 2,020 1,914 1,475 6 2 — 12 3 4 1 3 —
Geita 903 1,034 866 1,320 1,342 1,094 24 17 20 20 12 9 7 11 10
Non-controlling interests, administration and other 1 — — 2 1 1 — — —
AUSTRALIA 1,248 1,285 1,047 1,453 1,462 1,238 14 10 11 10 9 11 6 9 37
Sunrise Dam 1,352 1,291 1,430 1,555 1,467 1,715 5 2 6 6 6 7 — — —
Tropicana - Attr. 70% 1,079 1,174 705 1,284 1,348 844 9 8 5 4 3 4 6 9 37
AMERICAS 1,206 1,294 1,038 1,629 1,864 1,644 39 45 37 17 30 39 — — —
Cerro Vanguardia - Attributable 92.50% 966 1,187 923 1,444 1,723 1,317 9 10 8 5 7 6 — — —
AngloGold Ashanti Mineração 1,222 1,293 1,028 1,573 1,824 1,716 20 25 21 7 16 27 — — —
Serra Grande 1,502 1,457 1,312 2,114 2,205 1,992 9 9 7 5 6 6 — — —
Non-controlling interests, administration and other 1 1 1 — 1 — — — —
PROJECTS — — — — — — 2 3 5
Colombian projects — — — — — — 2 3 5
AngloGold Ashanti Total 1,098 1,175 966 1,482 1,559 1,284 127 121 95 95 70 85 50 59 97
Joint Ventures 721 779 762 820 982 972 1 7 5 9 8 10 8 8 5
Subsidiaries 1,163 1,236 992 1,595 1,646 1,326 126 114 90 86 62 75 42 51 92
Rounding of figures may result in computational discrepancies.
Operations at a glance
for the nine months ended 30 September 2023 and 30 September 2022
Underground Other milled / Open-pit Underground Other Recovered Total Recovered
Gold production Open-pit treated milled / treated treated Recovered grade Recovered grade grade grade
oz (000) 000 tonnes 000 tonnes 000 tonnes g/tonne g/tonne g/tonne g/tonne
Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22
AFRICA Joint Ventures 250 240 1,588 1,408 1,201 1,134 — — 1.54 0.94 4.45 5.43 — — 2.79 2.94
Kibali - Attributable 45% 250 240 1,588 1,408 1,201 1,134 — — 1.54 0.94 4.45 5.43 — — 2.79 2.94
AFRICA Subsidiaries 860 914 12,619 13,339 2,592 2,438 174 125 1.20 1.16 4.41 5.23 1.00 1.37 1.74 1.79
Iduapriem 189 181 3,914 3,994 — — — — 1.51 1.41 — — — — 1.51 1.41
Obuasi 163 162 — — 732 708 174 125 — — 6.69 6.88 1.00 1.37 5.60 6.05
Siguiri - Attributable 85% 165 208 6,626 6,861 — — — — 0.77 0.94 — — — — 0.77 0.94
Geita 343 363 2,079 2,484 1,860 1,730 — — 1.98 1.37 3.51 4.55 — — 2.70 2.68
AUSTRALIA 405 397 5,114 5,643 2,807 2,402 — — 1.07 1.15 2.53 2.45 — — 1.59 1.54
Sunrise Dam 190 174 1,012 1,312 1,882 1,678 — — 1.34 1.24 2.43 2.26 — — 2.05 1.81
Tropicana - Attributable 70% 215 223 4,102 4,331 925 724 — — 1.01 1.12 2.74 2.89 — — 1.33 1.37
AMERICAS 394 420 618 706 1,951 3,004 1,967 1,356 2.14 2.15 3.34 3.60 2.24 0.51 2.70 2.57
Cerro Vanguardia - Attributable 92.50% 114 128 569 568 290 293 1,101 1,225 2.21 2.32 6.12 7.10 0.46 0.44 1.81 1.89
AngloGold Ashanti Mineração 219 231 — — 875 1,947 866 131 — — 3.33 3.61 4.50 1.14 3.91 3.45
Serra Grande 61 61 49 138 786 764 — — 1.22 1.44 2.34 2.24 — — 2.27 2.12
AngloGold Ashanti Total 1,909 1,971 19,939 21,096 8,551 8,978 2,141 1,481 1.22 1.18 3.55 3.97 2.14 0.58 1.94 1.94
Joint Ventures 250 240 1,588 1,408 1,201 1,134 — — 1.54 0.94 4.45 5.43 — — 2.79 2.94
Subsidiaries 1,659 1,731 18,351 19,688 7,350 7,844 2,141 1,481 1.20 1.19 3.41 3.76 2.14 0.58 1.85 1.86
Rounding of figures may result in computational discrepancies.
Operations at a glance (continued)
for the nine months ended 30 September 2023 and 30 September 2022
Sustaining ORD / Stripping
Total cash costs All-in sustaining costs capex Other sustaining capex Non-sustaining capex
$/oz $/oz $m $m $m
Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22 Sep-23 Sep-22
AFRICA Joint Ventures 817 758 967 992 13 17 25 27 23 13
Kibali - Attributable 45% 817 758 967 992 13 17 25 27 23 13
AFRICA Subsidiaries 1,201 1,098 1,570 1,329 187 115 102 62 112 120
Iduapriem 935 942 1,299 1,229 53 32 10 18 35 39
Obuasi 1,141 1,039 1,674 1,382 64 39 28 11 46 51
Siguiri - Attr. 85% 1,636 1,281 1,832 1,372 8 — 20 14 4 1
Geita 1,032 969 1,396 1,195 61 44 40 16 26 29
Non-controlling interests, administration and other 1 — 4 3 1 —
AUSTRALIA 1,280 1,147 1,490 1,325 36 29 30 28 36 95
Sunrise Dam 1,320 1,394 1,546 1,630 12 17 20 17 — —
Tropicana - Attr. 70% 1,145 861 1,334 993 24 12 10 11 36 95
AMERICAS 1,276 1,053 1,908 1,687 126 108 65 123 — —
Cerro Vanguardia - Attributable 92.50% 1,079 861 1,555 1,169 27 21 18 12 — —
AngloGold Ashanti Mineração 1,292 1,062 1,974 1,847 69 63 32 90 — —
Serra Grande 1,574 1,410 2,310 2,132 28 22 14 20 — —
Non-controlling interests, administration and other 2 2 1 1 — —
PROJECTS — — — — 12 11
Colombian projects — — — — 7 10
North American projects — — — — 5 1
Corporate and other — — — 4 — —
AngloGold Ashanti Total 1,157 1,030 1,550 1,368 362 269 222 244 183 239
Joint Ventures 817 758 967 992 13 17 25 27 23 13
Subsidiaries 1,208 1,068 1,638 1,420 349 252 197 217 160 226
Rounding of figures may result in computational discrepancies.
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 beliefs and expectations concerning future events and
generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project",
"estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "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), 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 Limited's annual report on Form 20-F for
the year ended 31 December 2022 filed with the United States Securities and Exchange Commission (SEC) and AngloGold Ashanti's registration statement on Form F-4 initially filed with
the SEC on 23 June 2023. 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.
Non-GAAP financial measures
This communication may contain certain "Non-GAAP" financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-
GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance
prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.
13 November 2023
Johannesburg
JSE Sponsor: The Standard Bank of South Africa Limited
Date: 13-11-2023 01:15:00
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