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AngloGold Ashanti Provides Update on Argentina Operations
AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06
ISIN. ZAE000043485 – JSE share code: ANG
CUSIP: 035128206 – NYSE share code: AU
(“AngloGold Ashanti” or “AGA” or the “Company”)
20 March 2020
NEWS RELEASE
AngloGold Ashanti Provides Update on Argentina Operations
(PRESS RELEASE) – AngloGold Ashanti provides an update on its operations in Argentina given the
recent countrywide restrictions on travel and border closings to the end of this month.
There are no COVID-19 cases at the Cerro Vanguardia mine, the company’s only operation in
Argentina, and which is set to account for about 6% of this year’s production.
Cerro Vanguardia will be required to suspend mining activities during the period of these current
restrictions, which are scheduled to last to the end of March. Safety and environmental monitoring
activities will continue. Plans are being developed to help regain delayed production once mining
operations resume.
This situation related to COVID-19 is evolving rapidly and the Company will continue to assess
developments as they occur.
Background
AngloGold Ashanti remains in a state of high-alert and preparedness to deal with the global
challenge presented by the COVID-19 outbreak. The company has created heightened awareness
around the COVID-19 virus and steps to prevent its spread, stepped up screening and surveillance of
employees, banned non-essential travel, instituted clear self-quarantine measures where applicable
and increased hygiene awareness and facilities across its operations, in addition to a range of other
measures taken to mitigate the risks presented by the virus.
AngloGold Ashanti has a multi-disciplinary COVID-19 taskforce directing the company’s global
response to the crisis, with input from its health, operational, travel, human resources, community
relations, finance and supply teams, among others. Each office and site have emergency
preparedness plans in place, developed in line with national protocols and plans. The first aim is to
protect employees, their families and our host communities.
The worldwide outbreak has thus far not impacted AngloGold Ashanti’s production. The company is,
however, constantly monitoring the situation as it unfolds, all the time remaining in close contact
with authorities in each country and with our key suppliers and other business partners, to help
ensure business continuity and mitigate any interruptions that may occur. The company is also
working with community groups and local authorities, to understand where it can provide support to
healthcare systems as they gear up to manage the pandemic.
For additional information on AngloGold Ashanti’s response to COVID-19, visit
https://www.anglogoldashanti.com/covid-19/
Ends
Johannesburg
JSE Sponsor: The Standard Bank of South Africa Limited
CONTACTS
Media
Stewart Bailey +27 11 637 6031/ +27 81 032 2563
sbailey@anglogoldashanti.com
General inquiries
media@anglogoldashanti.com
Investors
Sabrina Brockman +1 646 880 4526/ +1 646 379 2555
sbrockman@anglogoldashanti.com
Yatish Chowthee +27 11 637 6273 / +27 78 364 2080
yrchowthee@anglogoldashanti.com
Fundisa Mgidi +27 11 637 6763 / +27 82 821 5322
fmgidi@anglogoldashanti.com
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, 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 and the outcome and consequence of any potential or pending litigation or regulatory proceedings or
environmental health and safety issues, are forward-looking statements regarding AngloGold Ashanti’s operations, economic
performance and financial condition. These forward-looking statements or forecasts involve known and unknown risks,
uncertainties and other factors that may cause AngloGold Ashanti’s actual results, performance or achievements to differ
materially from the anticipated results, performance 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 could differ
materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social
and political and market conditions, 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, and business and operational risk management. For a discussion of such risk factors,
refer to AngloGold Ashanti’s annual report on Form 20-F for the year ended 31 December 2018, which has been 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 to differ materially from those expressed in any forward-looking statements. Other
unknown or unpredictable factors could also have material adverse effects on future results. 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.
The financial information contained in this document has not been reviewed or reported on by the Company’s external auditors.
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.
Website: www.anglogoldashanti.com
ENDS
Date: 20-03-2020 05:44:00
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