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ANGLOGOLD ASHANTI LIMITED - Update on Siguiri Mine in Guinea

Release Date: 06/09/2021 17:04
Code(s): ANG     PDF:  
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Update on Siguiri Mine in Guinea

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”, “AGA” or the “Company”)

NEWS RELEASE

Update on Siguiri Mine in Guinea

(JOHANNESBURG) – NEWS RELEASE – Société AngloGold Ashanti de Guinée S.A.
(SAG), a subsidiary of AngloGold Ashanti (AGA), advises that the Siguiri Gold Mine in
Guinea is currently operating normally.

AGA continues to monitor the situation in Guinea and remains in close contact with the
leadership of the mine, which lies around 850km northeast of the country’s capital,
Conakry. The safety of employees remains a priority.

Siguiri Gold Mine produced 117,000oz at an All in Sustaining Cost (AISC) of
$1,225/oz for the six months ended 30 June 2021. For the full year 2020, the mine
produced 214,000oz at an AISC of $1,397/oz.

ENDS

Johannesburg
6 September 2021

  Contacts
  Media
  Chris Nthite                                 +27 83 301 2481                                                               cnthite@anglogoldashanti.com
  Julie Bain                                   +27 663 640 038                                                               jbain@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

Website: www.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, 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 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, any supply chain disruptions, any
public health crises, pandemics or epidemics (including the COVID-19 pandemic), and other business and operational risks 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 year ended 31 December 2020, 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.

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

Date: 06-09-2021 05:04:00
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