UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM Amendment No. 1 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number: 001-41815 (Translation of registrant’s name into English) 4th Floor, Communications House South Street Staines-upon-Thames, Surrey TW18 4PR United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Enclosure: Restated unaudited condensed consolidated interim financial statements as of and for each of the six-month periods ended June 30, 2023 and 2022, prepared in accordance with IFRS, and related management’s discussion |
GROUP - Key statistics | |||||||||||||||||
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Restated | Restated | Restated | |||||||||||||||
US Dollar / Imperial | |||||||||||||||||
Operating review | |||||||||||||||||
Gold | |||||||||||||||||
Produced (1) | - oz (000) | 1,236 | 1,233 | 2,742 | |||||||||||||
Sold (1) | - oz (000) | 1,246 | 1,233 | 2,717 | |||||||||||||
Financial review | |||||||||||||||||
Gold income | - $m | 2,144 | 2,090 | 4,388 | |||||||||||||
Cost of sales | - $m | 1,749 | 1,595 | 3,366 | |||||||||||||
Total cash costs | - $m | 1,416 | 1,300 | 2,753 | |||||||||||||
Gross profit (loss) | - $m | 435 | 560 | 1,129 | |||||||||||||
Average gold price received per ounce * | - $/oz | 1,920 | 1,874 | 1,793 | |||||||||||||
Cost of sales - Subsidiaries | - $m | 1,749 | 1,595 | 3,366 | |||||||||||||
Cost of sales - Joint Ventures | - $m | 181 | 163 | 342 | |||||||||||||
All-in sustaining costs per ounce - Subsidiaries * | - $/oz | 1,661 | 1,475 | 1,439 | |||||||||||||
All-in sustaining costs per ounce - Joint Ventures * | - $/oz | 1,060 | 1,003 | 979 | |||||||||||||
All-in costs per ounce - Subsidiaries * | - $/oz | 1,927 | 1,675 | 1,658 | |||||||||||||
All-in costs per ounce - Joint Ventures * | - $/oz | 1,180 | 1,082 | 1,075 | |||||||||||||
Total cash costs per ounce - Subsidiaries * | - $/oz | 1,232 | 1,114 | 1,066 | |||||||||||||
Total cash costs per ounce - Joint Ventures * | - $/oz | 880 | 756 | 725 | |||||||||||||
Profit (loss) before taxation | - $m | 76 | 410 | 472 | |||||||||||||
Total borrowings | - $m | 2,091 | 2,219 | 2,169 | |||||||||||||
Profit (loss) attributable to equity shareholders | - $m | (39) | 302 | 233 | |||||||||||||
- US cents/share | (9) | 72 | 55 | ||||||||||||||
Headline earnings (2) | - $m | 61 | 304 | 489 | |||||||||||||
- US cents/share | 14 | 72 | 116 | ||||||||||||||
Net cash inflow (outflow) from operating activities | - $m | 293 | 992 | 1,804 | |||||||||||||
Capital expenditure - Subsidiaries | - $m | 453 | 434 | 1,028 | |||||||||||||
Capital expenditure - Joint Ventures | - $m | 44 | 38 | 90 | |||||||||||||
(1) Includes gold concentrate from the Cuiabá mine complex sold to third parties. | |||||||||||||||||
(2) Headline earnings and headline earnings per share disclosure has been included due to Johannesburg Stock Exchange requirements. | |||||||||||||||||
* Refer to “Non-GAAP disclosure” for definitions. | |||||||||||||||||
$ represents US Dollar, unless otherwise stated. | |||||||||||||||||
Rounding of figures may result in computational discrepancies. |
Operations at a glance | ||||||||||||||||||||||||||||||||
for the six months ended 30 June 2023 | ||||||||||||||||||||||||||||||||
Gold production | Cost of sales | Gross profit (loss) | Total cash costs per ounce 1 | All-in sustaining costs per ounce 2 | ||||||||||||||||||||||||||||
oz (000) | Year-on-year % Variance 3 | $m | Year-on-year % Variance 3 | $m | Year-on-year % Variance 3 | $/oz | Year-on-year % Variance 3 | $/oz | Year-on-year % Variance 3 | |||||||||||||||||||||||
AFRICA | 713 | — | (1,060) | 13 | 417 | (7) | 1,105 | 8 | 1,391 | 10 | ||||||||||||||||||||||
Kibali - Attributable 45% 4 | 151 | (4) | (181) | 11 | 117 | (1) | 880 | 16 | 1,060 | 6 | ||||||||||||||||||||||
Iduapriem | 118 | 3 | (195) | 27 | 45 | (37) | 1,004 | (2) | 1,396 | 5 | ||||||||||||||||||||||
Obuasi | 117 | 29 | (157) | 37 | 85 | 67 | 1,020 | (7) | 1,392 | (7) | ||||||||||||||||||||||
Siguiri - Attributable 85% | 110 | (23) | (200) | (2) | 20 | (71) | 1,621 | 32 | 1,747 | 32 | ||||||||||||||||||||||
Geita | 217 | 5 | (293) | 9 | 146 | 14 | 1,107 | 6 | 1,436 | 13 | ||||||||||||||||||||||
Non-controlling interests, administration and other | (34) | (6) | 4 | (67) | ||||||||||||||||||||||||||||
AUSTRALIA | 265 | 4 | (414) | 9 | 102 | 5 | 1,296 | 8 | 1,510 | 10 | ||||||||||||||||||||||
Sunrise Dam | 127 | 9 | (196) | 6 | 54 | 64 | 1,304 | (5) | 1,541 | (3) | ||||||||||||||||||||||
Tropicana - Attributable 70% | 138 | 1 | (202) | 12 | 64 | (19) | 1,182 | 23 | 1,363 | 25 | ||||||||||||||||||||||
Administration and other | (16) | 7 | (16) | 7 | ||||||||||||||||||||||||||||
AMERICAS | 258 | (3) | (455) | 4 | 37 | (72) | 1,313 | 24 | 2,079 | 21 | ||||||||||||||||||||||
Cerro Vanguardia - Attributable 92.50% | 79 | (6) | (140) | 12 | 41 | (42) | 1,128 | 36 | 1,607 | 47 | ||||||||||||||||||||||
AngloGold Ashanti Mineração 5 | 142 | (1) | (222) | — | 2 | (97) | 1,330 | 23 | 2,252 | 17 | ||||||||||||||||||||||
Serra Grande | 37 | (5) | (80) | 1 | (8) | 100 | 1,620 | 11 | 2,432 | 10 | ||||||||||||||||||||||
Non-controlling interests, administration and other | (13) | 8 | 2 | (50) | ||||||||||||||||||||||||||||
CORPORATE AND OTHER | (1) | — | (4) | — | ||||||||||||||||||||||||||||
Equity-accounted joint venture included above | 181 | (11) | (117) | 1 | ||||||||||||||||||||||||||||
AngloGold Ashanti 5 | 1,236 | — | (1,749) | 10 | 435 | (22) | ||||||||||||||||||||||||||
1 Refer to “Non-GAAP disclosure” for definition and note B thereunder for reconciliation. | ||||||||||||||||||||||||||||||||
2 Refer to “Non-GAAP disclosure” for definition and note B thereunder for reconciliation. | ||||||||||||||||||||||||||||||||
3 Variance June 2023 six months on June 2022 six months - increase (decrease). | ||||||||||||||||||||||||||||||||
4 Equity-accounted joint venture. | ||||||||||||||||||||||||||||||||
5 Includes gold concentrate from the Cuiabá mine complex sold to third parties. |
Six months | Six months | Year | ||||||||||||||||||
ended | ended | ended | ||||||||||||||||||
Jun | Jun | Dec | ||||||||||||||||||
2023 | 2022 | 2022 | ||||||||||||||||||
US Dollar million | Restated | Restated | ||||||||||||||||||
Cost of sales | 1,749 | 1,595 | 3,366 | |||||||||||||||||
Inventory change | (18) | (8) | 30 | |||||||||||||||||
Amortisation of tangible assets | (261) | (245) | (555) | |||||||||||||||||
Amortisation of intangible assets | — | (1) | (1) | |||||||||||||||||
Amortisation of right of use assets | (39) | (41) | (81) | |||||||||||||||||
Retrenchment costs | (2) | (4) | (6) | |||||||||||||||||
Rehabilitation and other non-cash costs | (13) | 4 | — | |||||||||||||||||
Total cash costs | 1,416 | 1,300 | 2,753 | |||||||||||||||||
Royalties | (91) | (88) | (185) | |||||||||||||||||
Other cash costs | (9) | (7) | (14) | |||||||||||||||||
Cash operating costs | 1,316 | 1,205 | 2,554 | |||||||||||||||||
Obligor Group (1) | ||||||||
Six months | Year | |||||||
ended | ended | |||||||
Jun | Dec | |||||||
US Dollar million | 2023 | 2022 | ||||||
Revenues from Non-Obligor Subsidiaries | 1 | 1 | ||||||
Revenues from Investments | 6 | 18 | ||||||
Net intergroup dividends, interest, royalties and fees with Non-Obligor Subsidiaries | 1 | 1 | ||||||
Loss for the period from continuing operations | (70) | (141) | ||||||
Loss for the period | (70) | (141) | ||||||
Obligor Group | ||||||||
As at | As at | |||||||
Jun | Dec | |||||||
US Dollar million | 2023 | 2022 | ||||||
ASSETS | ||||||||
Receivables due from Non-Obligor Subsidiaries | 1,836 | 1,640 | ||||||
Other current assets | 291 | 604 | ||||||
Total current assets | 2,127 | 2,244 | ||||||
Non-current assets | 33 | 36 | ||||||
LIABILITIES | ||||||||
Payables due to Non-Obligor Subsidiaries | 275 | 276 | ||||||
Other current liabilities | 182 | 198 | ||||||
Total current liabilities | 457 | 474 | ||||||
Non-current liabilities | 1,799 | 1,806 | ||||||
Particulars | Six months ended Jun 2023 Restated | Six months ended Jun 2022 Restated | % Variance six months vs prior year six months | ||||||||
Operating review | |||||||||||
Gold production (kozs) (1) | 1,236 | 1,233 | — | ||||||||
Financial review | |||||||||||
Gold income ($m) | 2,144 | 2,090 | 3 | ||||||||
Average gold price received per ounce ($/oz) (4) | 1,920 | 1,874 | 2 | ||||||||
Corporate & marketing costs ($m) (2) | 44 | 42 | 5 | ||||||||
Exploration & evaluation costs ($m) | 112 | 84 | 33 | ||||||||
Cost of sales - Subsidiaries ($m) | 1,749 | 1,595 | 10 | ||||||||
Cost of sales - Joint Ventures ($m) | 181 | 163 | 11 | ||||||||
All-in sustaining costs per ounce - Subsidiaries ($/oz) (3) (4) | 1,661 | 1,475 | 13 | ||||||||
All-in sustaining costs per ounce - Joint Ventures ($/oz) (3) (4) | 1,060 | 1,003 | 6 | ||||||||
All-in costs per ounce - Subsidiaries ($/oz) (3) (4) | 1,927 | 1,675 | 15 | ||||||||
All-in costs per ounce - Joint Ventures ($/oz) (3) (4) | 1,180 | 1,082 | 9 | ||||||||
Total cash costs per ounce - Subsidiaries ($/oz) (4) | 1,232 | 1,114 | 11 | ||||||||
Total cash costs per ounce - Joint Ventures ($/oz) (4) | 880 | 756 | 16 | ||||||||
Profit (loss) before taxation ($m) | 76 | 410 | (81) | ||||||||
Capital expenditure - Subsidiaries ($m) | 453 | 434 | 4 | ||||||||
Capital expenditure - Joint Ventures ($m) | 44 | 38 | 16 |
GROUP – INCOME STATEMENT |
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Unaudited | Unaudited | Audited | |||||||||||||||
US Dollar million | Notes | Restated (4) | Restated (4) | Restated (4) | |||||||||||||
Revenue from product sales | 2 | ||||||||||||||||
Cost of sales | 3 | ( | ( | ( | |||||||||||||
(Loss) gain on non-hedge derivatives and other commodity contracts | ( | ( | |||||||||||||||
Gross profit (loss) | |||||||||||||||||
Corporate administration, marketing and related expenses | ( | ( | ( | ||||||||||||||
Exploration and evaluation costs | ( | ( | ( | ||||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | 4 | ( | ( | ( | |||||||||||||
Other (expenses) income (1) | ( | ( | ( | ||||||||||||||
Finance income | |||||||||||||||||
Foreign exchange and fair value adjustments | ( | ( | ( | ||||||||||||||
Finance costs and unwinding of obligations | 5 | ( | ( | ( | |||||||||||||
Share of associates and joint ventures’ profit (loss) | |||||||||||||||||
Profit (loss) before taxation | |||||||||||||||||
Taxation | 6 | ( | ( | ( | |||||||||||||
Profit (loss) for the period | ( | ||||||||||||||||
Allocated as follows: | |||||||||||||||||
Equity shareholders | ( | ||||||||||||||||
Non-controlling interests | |||||||||||||||||
( | |||||||||||||||||
Basic earnings per ordinary share (US cents) (2) | ( | ||||||||||||||||
Diluted earnings per ordinary share (US cents) (3) | ( | ||||||||||||||||
The condensed consolidated interim financial statements for the six months ended 30 June 2023 have been prepared by the corporate accounting staff of AngloGold Ashanti Limited headed by Mr Ian Kramer (CA (SA)), the group’s Senior Vice President: Group Finance. This process was supervised by Ms Gillian Doran (Fellow member of Association of Chartered Certified Accountants (FCCA)), the group’s Chief Financial Officer and Mr Alberto Calderon (PhD, MPhil, MA, BA (Economics), Juris Doctor (Law)), the group’s Chief Executive Officer. | ||
GROUP – STATEMENT OF COMPREHENSIVE INCOME |
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Unaudited | Unaudited | Audited | |||||||||||||||
US Dollar million | Restated (1) | Restated (1) | Restated (1) | ||||||||||||||
Profit (loss) for the period | ( | ||||||||||||||||
Items that will be reclassified subsequently to profit or loss: | |||||||||||||||||
Exchange differences on translation of foreign operations | ( | ( | ( | ||||||||||||||
Items that will not be reclassified subsequently to profit or loss: | |||||||||||||||||
Exchange differences on translation of non-foreign operations | ( | ( | |||||||||||||||
Net (loss) gain on equity investments | ( | ( | ( | ||||||||||||||
Actuarial gain (loss) recognised | ( | ||||||||||||||||
Deferred taxation thereon | |||||||||||||||||
( | ( | ( | |||||||||||||||
Other comprehensive income (loss) for the period, net of tax | ( | ( | ( | ||||||||||||||
Total comprehensive income (loss) for the period, net of tax | ( | ||||||||||||||||
Allocated as follows: | |||||||||||||||||
Equity shareholders | ( | ||||||||||||||||
Non-controlling interests | |||||||||||||||||
( | |||||||||||||||||
GROUP – STATEMENT OF FINANCIAL POSITION |
As at | As at | As at | ||||||||||||
Jun | Jun | Dec | ||||||||||||
2023 | 2022 | 2022 | ||||||||||||
Unaudited | Unaudited | Audited | ||||||||||||
US Dollar million | Notes | Restated (4) | Restated (4) | Restated (4) | ||||||||||
ASSETS | ||||||||||||||
Non-current assets | ||||||||||||||
Tangible assets | ||||||||||||||
Right of use assets | ||||||||||||||
Intangible assets | ||||||||||||||
Investments in associates and joint ventures | ||||||||||||||
Other investments | ||||||||||||||
Inventories | ||||||||||||||
Trade, other receivables and other assets | ||||||||||||||
Reimbursive right for post-retirement benefits | ||||||||||||||
Deferred taxation (1) | ||||||||||||||
Cash restricted for use | ||||||||||||||
Current assets | ||||||||||||||
Inventories | ||||||||||||||
Trade, other receivables and other assets | ||||||||||||||
Cash restricted for use | ||||||||||||||
Cash and cash equivalents | ||||||||||||||
Total assets | ||||||||||||||
EQUITY AND LIABILITIES | ||||||||||||||
Share capital and premium (2) | ||||||||||||||
Accumulated losses and other reserves | ( | ( | ( | |||||||||||
Shareholders’ equity | ||||||||||||||
Non-controlling interests | ||||||||||||||
Total equity | ||||||||||||||
Non-current liabilities | ||||||||||||||
Borrowings | 8 | |||||||||||||
Lease liabilities | 8 | |||||||||||||
Environmental rehabilitation and other provisions (3) | ||||||||||||||
Provision for pension and post-retirement benefits | ||||||||||||||
Trade and other payables | ||||||||||||||
Deferred taxation | ||||||||||||||
Current liabilities | ||||||||||||||
Borrowings | 8 | |||||||||||||
Lease liabilities | 8 | |||||||||||||
Environmental rehabilitation and other provisions (3) | ||||||||||||||
Trade and other payables | ||||||||||||||
Taxation | ||||||||||||||
Bank overdraft | ||||||||||||||
Total liabilities | ||||||||||||||
Total equity and liabilities | ||||||||||||||
GROUP – STATEMENT OF CASH FLOWS |
Six months | Six months | Year | ||||||||||||
ended | ended | ended | ||||||||||||
Jun | Jun | Dec | ||||||||||||
2023 | 2022 | 2022 | ||||||||||||
US Dollar million | Notes | Unaudited | Unaudited | Audited | ||||||||||
Cash flows from operating activities | ||||||||||||||
Cash generated from operations | 9 | |||||||||||||
Dividends received from joint ventures | ||||||||||||||
Taxation refund | ||||||||||||||
Taxation paid | ( | ( | ( | |||||||||||
Net cash inflow (outflow) from operating activities | ||||||||||||||
Cash flows from investing activities | ||||||||||||||
Capital expenditure | ( | ( | ( | |||||||||||
Interest capitalised and paid | — | ( | ( | |||||||||||
Acquisition of assets | ( | ( | ||||||||||||
Dividends from associates and other investments | ||||||||||||||
Proceeds from disposal of tangible assets | ||||||||||||||
Other investments and assets acquired | ( | ( | ||||||||||||
Loans advanced | ( | ( | ||||||||||||
Decrease (increase) in cash restricted for use | ( | ( | ( | |||||||||||
Interest received | ||||||||||||||
Net cash inflow (outflow) from investing activities | ( | ( | ( | |||||||||||
Cash flows from financing activities | ||||||||||||||
Proceeds from borrowings | ||||||||||||||
Repayment of borrowings | ( | ( | ( | |||||||||||
Repayment of lease liabilities | ( | ( | ( | |||||||||||
Finance costs - borrowings | ( | ( | ( | |||||||||||
Finance costs - leases | ( | ( | ( | |||||||||||
Other borrowing costs | ( | ( | ( | |||||||||||
Dividends paid | ( | ( | ( | |||||||||||
Net cash inflow (outflow) from financing activities | ( | ( | ( | |||||||||||
Net increase (decrease) in cash and cash equivalents | ( | |||||||||||||
Translation | ( | ( | ( | |||||||||||
Cash and cash equivalents at beginning of period | ||||||||||||||
Cash and cash equivalents at end of period (1) | ||||||||||||||
Share capital and premium | Other capital reserves | (Accumulated losses) Retained earnings | Fair value through OCI | Actuarial (losses) gains | Foreign currency translation reserve (1) | Total | Non-controlling interests | Total equity | ||||||||||||||||||||||||||||||||||||||||||
US Dollar million | ||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at 31 December 2021 Audited, Restated (note 1.1) | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) for the period | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total comprehensive income (loss) | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based payment for share awards net of exercised | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends paid | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends of subsidiaries | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Transfer on derecognition of equity investment | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Translation | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at 30 June 2022 Unaudited, Restated (note 1.1) | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Balance at 31 December 2022 Audited, Restated (note 1.1) | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Profit (loss) for the period | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total comprehensive income (loss) | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based payment for share awards net of exercised | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends paid | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends of subsidiaries | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Transfer on derecognition of equity investment | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Translation | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance at 30 June 2023 Unaudited, Restated (note 1.1) | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Gold income | |||||||||||||||||
US Dollar million | Unaudited | Unaudited | Audited | ||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
AUSTRALIA * | |||||||||||||||||
Sunrise Dam | |||||||||||||||||
Tropicana - Attributable 70% | |||||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração (1) | |||||||||||||||||
Serra Grande | |||||||||||||||||
Equity-accounted joint venture included above | ( | ( | ( | ||||||||||||||
By-product revenue | |||||||||||||||||
US Dollar million | Unaudited | Unaudited | Audited | ||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
AUSTRALIA * | |||||||||||||||||
Sunrise Dam | |||||||||||||||||
Tropicana - Attributable 70% | |||||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração | |||||||||||||||||
Equity-accounted joint venture included above | ( | ( | |||||||||||||||
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Cost of sales | Unaudited | Unaudited | Audited | ||||||||||||||
US Dollar million | Restated (2) | Restated (2) | |||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
AUSTRALIA * | |||||||||||||||||
Sunrise Dam | |||||||||||||||||
Tropicana - Attributable 70% | |||||||||||||||||
Administration and other | |||||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração | |||||||||||||||||
Serra Grande | |||||||||||||||||
Administration and other | |||||||||||||||||
CORPORATE AND OTHER | |||||||||||||||||
Equity-accounted joint venture included above | ( | ( | ( | ||||||||||||||
Gross profit (1) | Unaudited | Unaudited | Audited | ||||||||||||||
US Dollar million | Restated (2) | Restated (2) | |||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
Administration and other | |||||||||||||||||
AUSTRALIA * | |||||||||||||||||
Sunrise Dam | |||||||||||||||||
Tropicana - Attributable 70% | |||||||||||||||||
Administration and other | ( | ( | ( | ||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração | |||||||||||||||||
Serra Grande | ( | ( | ( | ||||||||||||||
Administration and other | ( | ( | ( | ||||||||||||||
CORPORATE AND OTHER | ( | ( | |||||||||||||||
Equity-accounted joint venture included above | ( | ( | ( | ||||||||||||||
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Amortisation | Unaudited | Unaudited | Audited | ||||||||||||||
US Dollar million | Restated (2) | Restated (2) | |||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
AUSTRALIA * (1) | |||||||||||||||||
Sunrise Dam | |||||||||||||||||
Tropicana - Attributable 70% | |||||||||||||||||
Administration and other | |||||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração | |||||||||||||||||
Serra Grande | |||||||||||||||||
CORPORATE AND OTHER | |||||||||||||||||
Equity-accounted joint venture included above | ( | ( | ( | ||||||||||||||
Capital expenditure | |||||||||||||||||
US Dollar million | Unaudited | Unaudited | Audited | ||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
AUSTRALIA * | |||||||||||||||||
Sunrise Dam | |||||||||||||||||
Tropicana - Attributable 70% | |||||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração | |||||||||||||||||
Serra Grande | |||||||||||||||||
PROJECTS * | |||||||||||||||||
Colombian projects | |||||||||||||||||
North American projects | |||||||||||||||||
CORPORATE AND OTHER | |||||||||||||||||
Equity-accounted joint venture included above | ( | ( | ( | ||||||||||||||
As at | As at | As at | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Total assets | Unaudited | Unaudited | Audited | ||||||||||||||
US Dollar million | Restated (2) | Restated (2) | Restated (2) | ||||||||||||||
AFRICA * | |||||||||||||||||
Kibali - Attributable 45% | |||||||||||||||||
Iduapriem | |||||||||||||||||
Obuasi | |||||||||||||||||
Siguiri | |||||||||||||||||
Geita | |||||||||||||||||
Administration and other | |||||||||||||||||
AUSTRALIA * (1) | |||||||||||||||||
AMERICAS * | |||||||||||||||||
Cerro Vanguardia | |||||||||||||||||
AngloGold Ashanti Mineração | |||||||||||||||||
Serra Grande | |||||||||||||||||
Administration and other | |||||||||||||||||
PROJECTS * | |||||||||||||||||
Colombian projects | |||||||||||||||||
North American projects | |||||||||||||||||
CORPORATE AND OTHER | |||||||||||||||||
June 2023 | |||||||||||||||||
US dollar millions | Ref | As reported on 30 June 2023 | 1.1 Obuasi deferred tax restatement | 1.1 Other restatements | As restated on 30 June 2023 | ||||||||||||
Income statement | |||||||||||||||||
Other (expenses) income | e | ( | ( | ( | |||||||||||||
Share of associates and joint ventures' profit (loss) | a | ||||||||||||||||
Profit (loss) before taxation | a,e | ( | |||||||||||||||
Taxation | ( | ( | ( | ||||||||||||||
Profit (loss) for the period | a,e | ( | ( | ( | |||||||||||||
Attributable to: | |||||||||||||||||
Equity shareholders | ( | ( | |||||||||||||||
Non-controlling interests | e | ( | |||||||||||||||
Basic earnings per ordinary share (US cents) | ( | ( | |||||||||||||||
Diluted earnings per ordinary share (US cents) | ( | ( | |||||||||||||||
Headline earnings | ( | ||||||||||||||||
Basic headline earnings per ordinary share (US cents) | ( | ||||||||||||||||
Diluted headline earnings per ordinary share (US cents) | ( | ||||||||||||||||
Statement of comprehensive income | |||||||||||||||||
Total comprehensive income for the period, net of tax | a,e | ( | ( | ( | |||||||||||||
Statement of financial position | |||||||||||||||||
Tangible assets | d | ( | |||||||||||||||
Deferred taxation | ( | ||||||||||||||||
Non-current assets | d | ( | ( | ||||||||||||||
Deferred taxation | |||||||||||||||||
Non-current liabilities | |||||||||||||||||
Trade and other payables | h | ( | |||||||||||||||
Environmental rehabilitation and other provisions | h | ||||||||||||||||
Current liabilities | |||||||||||||||||
Statement of changes in equity | |||||||||||||||||
(Accumulated losses ) retained earnings | d,e | ( | ( | ( | ( | ||||||||||||
Foreign currency translation reserve | c | ( | ( | ( | |||||||||||||
Shareholders' equity | c,d,e | ( | ( | ||||||||||||||
Total equity | c,d,e | ( | ( | ||||||||||||||
June 2022 | |||||||||||||||||
US dollar millions | Ref | As reported on 30 June 2022 | 1.1 Obuasi deferred tax restatement | 1.1 Other restatements | As restated on 30 June 2022 | ||||||||||||
Income statement | |||||||||||||||||
Cost of sales | e | ( | ( | ( | |||||||||||||
Gross profit (loss) | e | ( | |||||||||||||||
Share of associates and joint ventures' profit (loss) | a | ||||||||||||||||
Profit (loss) before taxation | a,e | ||||||||||||||||
Profit (loss) for the period | a,e | ||||||||||||||||
Attributable to: | |||||||||||||||||
Equity shareholders | a,e | ||||||||||||||||
Non-controlling interests | ( | ||||||||||||||||
Basic earnings per ordinary share (US cents) | a | ||||||||||||||||
Diluted earnings per ordinary share (US cents) | a | ||||||||||||||||
Headline earnings | a,e | ||||||||||||||||
Basic headline earnings per ordinary share (US cents) | a | ||||||||||||||||
Diluted headline earnings per ordinary share (US cents) | a | ||||||||||||||||
Statement of comprehensive income | |||||||||||||||||
Total comprehensive income for the period, net of tax | a,e | ||||||||||||||||
Statement of financial position | |||||||||||||||||
Tangible assets | e | ||||||||||||||||
Investments in associates and joint ventures | c | ||||||||||||||||
Deferred taxation | e | ( | |||||||||||||||
Non-current assets | c,e | ||||||||||||||||
Trade, other receivables and other assets | b | ( | |||||||||||||||
Current assets | b | ( | |||||||||||||||
Environmental rehabilitation and other provisions | f | ( | |||||||||||||||
Deferred taxation | e | ||||||||||||||||
Non-current liabilities | e,f | ( | |||||||||||||||
Trade and other payables | h | ( | |||||||||||||||
Environmental rehabilitation and other provisions | f,h | ||||||||||||||||
Current liabilities | f | ||||||||||||||||
Statement of changes in equity | |||||||||||||||||
(Accumulated losses) retained earnings | b,c,e | ( | ( | ||||||||||||||
Shareholders' equity | b,c,e | ||||||||||||||||
Non-controlling interests | e | ||||||||||||||||
Total equity | b,c,e | ||||||||||||||||
2022 | |||||||||||||||||
US dollar millions | Ref | As reported on 31 December 2022 | 1.1 Obuasi deferred tax restatement | 1.1 Other restatements | As restated on 31 December 2022 | ||||||||||||
Income statement | |||||||||||||||||
Cost of sales | e | ( | ( | ( | |||||||||||||
Gross profit (loss) | e | ( | |||||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | d | ( | ( | ( | |||||||||||||
Foreign exchange and fair value adjustments | b | ( | ( | ||||||||||||||
Share of associates and joint ventures' profit (loss) | a,c | ( | |||||||||||||||
Profit (loss) before taxation | a,b,c,d,e | ( | |||||||||||||||
Taxation | b,d | ( | ( | ( | |||||||||||||
Profit (loss) for the year | a,b,c,d,e | ( | ( | ||||||||||||||
Attributable to: | |||||||||||||||||
Equity shareholders | a,b,c,d,e | ( | ( | ||||||||||||||
Non-controlling interests | e | ( | |||||||||||||||
Basic earnings per ordinary share (US cents) | ( | ( | |||||||||||||||
Diluted earnings per ordinary share (US cents) | ( | ( | |||||||||||||||
Headline earnings | a,b,c,e | ( | ( | ||||||||||||||
Basic headline earnings per ordinary share (US cents) | ( | ( | |||||||||||||||
Diluted headline earnings per ordinary share (US cents) | ( | ( | |||||||||||||||
Statement of comprehensive income | |||||||||||||||||
Total comprehensive income for the year, net of tax | a,b,c,d,e | ( | ( | ||||||||||||||
Statement of financial position | |||||||||||||||||
Tangible assets | d,e | ( | |||||||||||||||
Investments in associates and joint ventures | a,c | ( | |||||||||||||||
Deferred taxation | ( | ||||||||||||||||
Non-current assets | a,c,d,e | ( | ( | ||||||||||||||
Lease liabilities | g | ||||||||||||||||
Environmental rehabilitation and other provisions | f | ( | |||||||||||||||
Non-current liabilities | f,g | ( | |||||||||||||||
Lease liabilities | g | ( | |||||||||||||||
Trade and other payables | h | ( | |||||||||||||||
Environmental rehabilitation and other provisions | f,h | ||||||||||||||||
Current liabilities | f,g | ||||||||||||||||
Statement of changes in equity | |||||||||||||||||
(Accumulated losses) retained earnings | a,b,c,d,e | ( | ( | ( | ( | ||||||||||||
Foreign currency translation reserve | c | ( | ( | ( | |||||||||||||
Shareholders' equity | a,b,c,d,e | ( | ( | ||||||||||||||
Non-controlling interests | e | ||||||||||||||||
Total equity | a,b,c,d,e | ( | ( | ||||||||||||||
Six months | Six months | Year | ||||||||||||||||||
ended | ended | ended | ||||||||||||||||||
Jun | Jun | Dec | ||||||||||||||||||
2023 | 2022 | 2022 | ||||||||||||||||||
US Dollar million | Unaudited | Unaudited | Audited | |||||||||||||||||
Gold income | ||||||||||||||||||||
Spot market sales | ||||||||||||||||||||
Concentrate sales (1) | ||||||||||||||||||||
By-products | ||||||||||||||||||||
Revenue from product sales | ||||||||||||||||||||
Six months | Six months | Year | ||||||||||||||||||
ended | ended | ended | ||||||||||||||||||
Jun | Jun | Dec | ||||||||||||||||||
2023 | 2022 | 2022 | ||||||||||||||||||
Unaudited | Unaudited | Audited | ||||||||||||||||||
US Dollar million | Restated (2) | Restated (2) | ||||||||||||||||||
Cash operating costs (1) | ||||||||||||||||||||
Royalties | ||||||||||||||||||||
Other cash costs | ||||||||||||||||||||
Total cash costs | ||||||||||||||||||||
Retrenchment costs | ||||||||||||||||||||
Rehabilitation and other non-cash costs | ( | |||||||||||||||||||
Amortisation of tangible assets | ||||||||||||||||||||
Amortisation of right of use assets | ||||||||||||||||||||
Amortisation of intangible assets | ||||||||||||||||||||
Inventory change | ( | |||||||||||||||||||
Tangible Assets | |||||||||||||||||
Cash Generating Unit | Mine Development Cost | Mine Infrastructure | Assets under construction | Land | Total Impairment | ||||||||||||
US Dollar million | Six months ended Jun 2023 | ||||||||||||||||
Córrego do Sítio | |||||||||||||||||
Cuiabá | |||||||||||||||||
Six months | Six months | Year | ||||||||||||||||||
ended | ended | ended | ||||||||||||||||||
Jun | Jun | Dec | ||||||||||||||||||
2023 | 2022 | 2022 | ||||||||||||||||||
US Dollar million | Unaudited | Unaudited | Audited | |||||||||||||||||
Finance costs - borrowings | ||||||||||||||||||||
Finance costs - leases | ||||||||||||||||||||
Unwinding of obligations | ||||||||||||||||||||
Six months | Six months | Year | ||||||||||||||||||||||||
ended | ended | ended | ||||||||||||||||||||||||
Jun | Jun | Dec | ||||||||||||||||||||||||
2023 | 2022 | 2022 | ||||||||||||||||||||||||
Unaudited | Unaudited | Audited | ||||||||||||||||||||||||
US Dollar million | Restated (4) | Restated (4) | Restated (4) | |||||||||||||||||||||||
The profit (loss) attributable to equity shareholders has been adjusted by the following to arrive at headline earnings (loss): | ||||||||||||||||||||||||||
Profit (loss) attributable to equity shareholders | ( | |||||||||||||||||||||||||
Impairment on tangible assets and right of use assets | ||||||||||||||||||||||||||
Taxation on impairment of tangible assets and right of use assets | ( | ( | ||||||||||||||||||||||||
Derecognition of assets | ||||||||||||||||||||||||||
Taxation on derecognition of assets | ( | |||||||||||||||||||||||||
(Profit) loss on disposal of tangible assets | ( | ( | ||||||||||||||||||||||||
Impairment (reversal) on equity-accounted investments | ||||||||||||||||||||||||||
Headline earnings (loss) | ||||||||||||||||||||||||||
Headline earnings (loss) per ordinary share (US cents) (1) | ||||||||||||||||||||||||||
Diluted headline earnings (loss) per ordinary share (US cents) (2) | ||||||||||||||||||||||||||
(1) Calculated on the basic weighted average number of ordinary shares. | ||||||||||||||||||||||||||
(2) Calculated on the diluted weighted average number of ordinary shares. | ||||||||||||||||||||||||||
(3) Headline earnings and headline earnings per share disclosure has been included due to Johannesburg Stock Exchange requirements. | ||||||||||||||||||||||||||
(4) Comparative periods have been retrospectively restated. Refer to note 1.1. | ||||||||||||||||||||||||||
Number of shares | ||||||||||||||||||||||||||
Ordinary shares | ||||||||||||||||||||||||||
Fully vested options | ||||||||||||||||||||||||||
Weighted average number of shares | ||||||||||||||||||||||||||
Dilutive potential of share options | ||||||||||||||||||||||||||
Dilutive weighted average number of ordinary shares | ||||||||||||||||||||||||||
As at | As at | As at | ||||||||||||
Jun | Jun | Dec | ||||||||||||
2023 | 2022 | 2022 | ||||||||||||
Unaudited | Unaudited | Audited | ||||||||||||
US Dollar million | Restated (1) | |||||||||||||
Change in liabilities arising from financing activities: | ||||||||||||||
Reconciliation of borrowings (excluding lease liabilities) | ||||||||||||||
A reconciliation of the total borrowings included in the statement of financial position is set out in the following table: | ||||||||||||||
Opening balance | ||||||||||||||
Proceeds from borrowings | ||||||||||||||
Repayment of borrowings | ( | ( | ( | |||||||||||
Finance costs paid on borrowings | ( | ( | ( | |||||||||||
Interest charged to the income statement | ||||||||||||||
Deferred loan fees | ( | ( | ( | |||||||||||
Translation | ( | ( | ( | |||||||||||
Closing balance | ||||||||||||||
Borrowings | ||||||||||||||
Non-current | ||||||||||||||
Current | ||||||||||||||
Reconciliation of finance costs paid (excluding lease finance costs) | ||||||||||||||
A reconciliation of the finance costs paid included in the statement of cash flows is set out in the following table: | ||||||||||||||
Finance costs paid on borrowings | ||||||||||||||
Capitalised finance cost | ( | ( | ||||||||||||
Commitment fees, environmental guarantees fees and other | ||||||||||||||
Total finance costs paid | ||||||||||||||
Reconciliation of lease liabilities | ||||||||||||||
Opening balance | ||||||||||||||
Lease liabilities recognised | ||||||||||||||
Repayment of lease liabilities | ( | ( | ( | |||||||||||
Finance costs paid on lease liabilities | ( | ( | ( | |||||||||||
Interest charged to the income statement | ||||||||||||||
Change in estimate | ( | ( | ( | |||||||||||
Translation | ( | ( | ||||||||||||
Closing balance | ||||||||||||||
Lease liabilities | ||||||||||||||
Non-current | ||||||||||||||
Current | ||||||||||||||
Six months | Six months | Year | |||||||||||||||
ended | ended | ended | |||||||||||||||
Jun | Jun | Dec | |||||||||||||||
2023 | 2022 | 2022 | |||||||||||||||
Unaudited | Unaudited | Audited | |||||||||||||||
US Dollar million | Restated (2) | Restated (2) | Restated (2) | ||||||||||||||
Profit (loss) before taxation | |||||||||||||||||
Adjusted for: | |||||||||||||||||
Movement on non-hedge derivatives and other commodity contracts | ( | ||||||||||||||||
Amortisation of tangible and right of use assets | |||||||||||||||||
Amortisation of intangible assets | |||||||||||||||||
Finance costs and unwinding of obligations | |||||||||||||||||
Environmental rehabilitation, silicosis and other provisions | ( | ( | ( | ||||||||||||||
Impairment, derecognition of assets and (profit) loss on disposal | |||||||||||||||||
Other expenses (income) | |||||||||||||||||
Profit (loss) on sale of assets | ( | ( | |||||||||||||||
Interest income | ( | ( | ( | ||||||||||||||
Share of associates and joint ventures’ (profit) loss | ( | ( | ( | ||||||||||||||
Other non-cash movements | ( | ||||||||||||||||
Other exchange losses (1) | |||||||||||||||||
Movements in working capital | ( | ( | ( | ||||||||||||||
Movements in working capital: | |||||||||||||||||
(Increase) decrease in inventories | ( | ( | ( | ||||||||||||||
(Increase) decrease in trade and other receivables | ( | ( | ( | ||||||||||||||
Increase (decrease) in trade, other payables and provisions | ( | ( | |||||||||||||||
( | ( | ( | |||||||||||||||
Fair value | Carrying value | Fair value | Carrying value | ||||||||||||||||||||
As at Jun | As at Jun | As at Dec | As at Dec | ||||||||||||||||||||
Financial instrument | 2023 | 2023 | 2022 | 2022 | Valuation method | Significant inputs | Fair value hierarchy of inputs | ||||||||||||||||
Unaudited | Audited | ||||||||||||||||||||||
At fair value through profit and loss | |||||||||||||||||||||||
Deferred compensation asset (1) | Probability weighted discounted cash flow | $ | Level 3 | ||||||||||||||||||||
Derivative financial asset - gold zero cost collar contracts (2) | Black-Scholes-Merton option pricing model | Forward and spot prices, the outstanding number of ounces of gold on open contracts, risk free rates and volatilities. | Level 2 | ||||||||||||||||||||
Derivative financial liability - crude oil forward contracts (3) | Black-Scholes-Merton option pricing model | Forward and spot prices, the number of outstanding barrels of oil on open contracts, risk free rates and volatilities. | Level 2 | ||||||||||||||||||||
At fair value through other comprehensive income | |||||||||||||||||||||||
Listed equity investments | Level 1 | ||||||||||||||||||||||
At amortised cost | |||||||||||||||||||||||
Borrowings - Rated bonds | |||||||||||||||||||||||
Borrowings - Revolving Credit Facilities | |||||||||||||||||||||||
As at | As at | |||||||||||||
Jun | Dec | |||||||||||||
2023 | 2022 | |||||||||||||
US Dollar million | Unaudited | Audited | ||||||||||||
Opening balance | ||||||||||||||
Unwinding of the deferred compensation asset | ||||||||||||||
Changes in estimates - fair value adjustments (1) | ( | |||||||||||||
Translation | ( | ( | ||||||||||||
Closing balance | ||||||||||||||
(1) Included in the income statement in foreign exchange and fair value adjustments | ||||||||||||||
Sensitivity analysis | ||||||||||||||
A reasonably possible change in the number of ounces used in the weighted probability calculation would not have a material impact on the fair value of the deferred compensation asset. | ||||||||||||||
As at | As at | As at | ||||||||||||
Jun | Jun | Dec | ||||||||||||
2023 | 2022 | 2022 | ||||||||||||
US Dollar million | Unaudited | Unaudited | Audited | |||||||||||
Orders placed and outstanding on capital contracts at the prevailing rate of exchange | ||||||||||||||
Dividends have been declared out of total reserves | ||||||||
Gross dividend declared per ordinary share in South African cents | 70.00 | |||||||
Dividends tax rate applicable to shareholders liable to pay the dividend tax | 20% | |||||||
Net dividend in South African cents (where dividend tax at 20% is payable on payment date) | 56.00000 | |||||||
The issued ordinary share capital of AngloGold Ashanti at date of declaration is | 419,625,244 | |||||||
AngloGold Ashanti’s tax reference number | 9640006608 |
2023 | ||||||||
Declaration date | Friday, 4 August | |||||||
Currency conversion date for Australian dollars and Ghanaian cedis | Monday, 21 August | |||||||
Last date to trade ordinary shares cum dividend | Tuesday, 22 August | |||||||
Last date to register transfer of certificated securities cum dividend | Wednesday, 23 August | |||||||
Ordinary shares trade ex-dividend | Wednesday, 23 August | |||||||
Record date | Friday, 25 August | |||||||
Payment date | Friday, 8 September |
2023 | ||||||||
Last date to trade ordinary shares cum dividend | Wednesday, 23 August | |||||||
Last date to register transfer of certificated securities cum dividend | Wednesday, 23 August | |||||||
Ordinary shares trade ex-dividend | Thursday, 24 August | |||||||
Record date | Friday, 25 August | |||||||
Payment date | Friday, 8 September |
2023 | ||||||||
Ex dividend on New York Stock Exchange | Thursday, 24 August | |||||||
Record date | Friday, 25 August | |||||||
Approximate date of currency conversion | Friday, 8 September | |||||||
Approximate payment date of dividend | Monday, 18 September |
2023 | |||||||||||
Last date to trade and to register GhDSs cum dividend | Wednesday, 23 August | ||||||||||
GhDSs trade ex-dividend | Wednesday, 23 August | ||||||||||
Record date | Friday, 25 August | ||||||||||
Approximate payment date of dividend | Friday, 8 September | ||||||||||
Six months | Six months | Year | ||||||||||||||||||
ended | ended | ended | ||||||||||||||||||
Jun | Jun | Dec | ||||||||||||||||||
2023 | 2022 | 2022 | ||||||||||||||||||
US Dollar million | Unaudited | Unaudited | Unaudited | |||||||||||||||||
Gold income (note 2) | 2,144 | 2,090 | 4,388 | |||||||||||||||||
Realised gain on non-hedge derivatives | 1 | — | — | |||||||||||||||||
Adjusted for non-controlling interests | (50) | (61) | (112) | |||||||||||||||||
2,095 | 2,029 | 4,276 | ||||||||||||||||||
Associates and joint ventures’ share of gold income including realised non-hedge derivatives | 298 | 281 | 596 | |||||||||||||||||
Attributable gold income including realised non-hedge derivatives | 2,393 | 2,310 | 4,872 | |||||||||||||||||
Attributable gold sold - oz (000) | 1,246 | 1,233 | 2,717 | |||||||||||||||||
Average gold price received per ounce - $/oz | 1,920 | 1,874 | 1,793 | |||||||||||||||||
For the six months ended 30 June 2023 | |||||
Corporate and other | |||||
(in $ millions, except as otherwise noted) | |||||
Corporate(5) | |||||
All-in sustaining costs | |||||
Cost of sales per segmental information(4) | 1 | ||||
By-product revenue | — | ||||
Cost of sales | 1 | ||||
Realised other commodity contracts | 5 | ||||
Amortisation of tangible, intangible and right of use assets | (2) | ||||
Adjusted for decommissioning and inventory amortisation | — | ||||
Corporate administration, marketing and related expenses | 44 | ||||
Lease payment sustaining | — | ||||
Sustaining exploration and study costs | — | ||||
Total sustaining capital expenditure | — | ||||
All-in sustaining costs | 48 | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
All-in sustaining costs adjusted for non-controlling interest and non-gold producing companies | 48 | ||||
All-in sustaining costs | 48 | ||||
Non-sustaining project capital expenditure | — | ||||
Non-sustaining lease payments | — | ||||
Non-sustaining exploration and study costs | — | ||||
Care and maintenance | — | ||||
Closure and social responsibility costs not related to current operations | 3 | ||||
Other provisions | 16 | ||||
All-in costs | 67 | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
All-in costs adjusted for non-controlling interest and non-gold producing companies | 67 | ||||
Gold sold - oz (000)(2) | — | ||||
All-in sustaining cost per ounce - $/oz(3) | — | ||||
All-in cost per ounce - $/oz(3) | — | ||||
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. | |||||
(2) Attributable portion. | |||||
(3) In addition to the operational performances of the mines, “all-in sustaining cost per ounce”, “all-in cost per ounce” and “total cash costs per ounce” are affected by fluctuations in the currency exchange rate. AngloGold Ashanti reports “all-in sustaining cost per ounce” and “all-in cost per ounce” calculated to the nearest US Dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs per ounce” calculated to the nearest US Dollar amount and gold produced in ounces. | |||||
(4) Refer to Segmental reporting. | |||||
(5) Corporate includes non-gold producing subsidiaries. |
For the six months ended 30 June 2023 | |||||
Corporate and other | |||||
(in $ millions, except as otherwise noted) | |||||
CORPORATE(5) | |||||
Total cash costs | |||||
Cost of sales per segmental information(4) | 1 | ||||
- By-product revenue | — | ||||
- Inventory change | — | ||||
- Amortisation of tangible assets | (2) | ||||
- Amortisation of right of use assets | — | ||||
- Amortisation of intangible assets | — | ||||
- Rehabilitation and other non-cash costs | — | ||||
- Retrenchment costs | — | ||||
Total cash costs net of by-product revenue | (1) | ||||
Adjusted for non-controlling interests and non-gold producing companies (1) | — | ||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | (1) | ||||
Gold produced - oz (000)(2) | — | ||||
Total cash costs per ounce - $/oz(3) | — | ||||
For the six months ended 30 June 2023 | |||||||||||||||||||||||||||||
Operations Africa | |||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | |||||||||||||||||||||||||||||
AFRICA | AFRICA | ||||||||||||||||||||||||||||
Kibali | Other | Joint Ventures | Iduapriem | Obuasi | Siguiri | Geita | Africa other | Subsidiaries | |||||||||||||||||||||
All-in sustaining costs | |||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 181 | — | 181 | 195 | 157 | 234 | 293 | — | 879 | ||||||||||||||||||||
By-product revenue | — | — | — | — | — | (1) | (1) | — | (2) | ||||||||||||||||||||
Cost of sales | 181 | — | 181 | 195 | 157 | 233 | 292 | — | 877 | ||||||||||||||||||||
Realised other commodity contracts | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Amortisation of tangible, intangible and right of use assets | (45) | — | (45) | (66) | (30) | (15) | (41) | — | (152) | ||||||||||||||||||||
Adjusted for decommissioning and inventory amortisation | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Corporate administration, marketing and related expenses | — | — | — | (1) | 1 | — | — | — | — | ||||||||||||||||||||
Lease payment sustaining | (1) | — | (1) | 2 | (1) | 1 | 12 | — | 14 | ||||||||||||||||||||
Sustaining exploration and study costs | — | — | — | — | — | 3 | 5 | — | 8 | ||||||||||||||||||||
Total sustaining capital expenditure | 28 | — | 28 | 43 | 47 | 11 | 57 | — | 158 | ||||||||||||||||||||
All-in sustaining costs | 163 | — | 163 | 173 | 174 | 233 | 325 | — | 905 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (35) | — | — | (35) | ||||||||||||||||||||
All-in sustaining costs adjusted for non-controlling interest and non-gold producing companies | 163 | — | 163 | 173 | 174 | 198 | 325 | — | 870 | ||||||||||||||||||||
All-in sustaining costs | 163 | — | 163 | 173 | 174 | 233 | 325 | — | 905 | ||||||||||||||||||||
Non-sustaining project capital expenditure | 16 | — | 16 | 27 | 28 | 4 | 19 | — | 78 | ||||||||||||||||||||
Non-sustaining lease payments | — | — | — | — | — | — | 1 | — | 1 | ||||||||||||||||||||
Non-sustaining exploration and study costs | — | — | — | 1 | — | 3 | 4 | — | 8 | ||||||||||||||||||||
Care and maintenance | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Closure and social responsibility costs not related to current operations | 2 | — | 2 | — | — | — | — | — | — | ||||||||||||||||||||
Other provisions | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
All-in costs | 181 | — | 181 | 201 | 202 | 240 | 349 | — | 992 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (36) | — | — | (36) | ||||||||||||||||||||
All-in costs adjusted for non-controlling interest and non-gold producing companies | 181 | — | 181 | 201 | 202 | 204 | 349 | — | 956 | ||||||||||||||||||||
Gold sold - oz (000)(2) | 154 | — | 154 | 124 | 125 | 114 | 226 | — | 589 | ||||||||||||||||||||
All-in sustaining cost per ounce - $/oz(3) | 1,060 | — | 1,060 | 1,396 | 1,392 | 1,747 | 1,436 | — | 1,477 | ||||||||||||||||||||
All-in cost per ounce - $/oz(3) | 1,174 | — | 1,180 | 1,618 | 1,613 | 1,798 | 1,544 | — | 1,623 |
For the six months ended 30 June 2023 | |||||||||||||||||||||||||||||
Operations Africa | |||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | |||||||||||||||||||||||||||||
AFRICA | AFRICA | ||||||||||||||||||||||||||||
Kibali | Other | Joint Ventures | Iduapriem | Obuasi | Siguiri | Geita | Africa other | Subsidiaries | |||||||||||||||||||||
Total cash costs | |||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 181 | — | 181 | 195 | 157 | 234 | 293 | — | 879 | ||||||||||||||||||||
- By-product revenue | — | — | — | — | — | (1) | (1) | — | (2) | ||||||||||||||||||||
- Inventory change | (1) | — | (1) | (9) | (5) | (8) | (10) | — | (32) | ||||||||||||||||||||
- Amortisation of tangible assets | (44) | — | (44) | (64) | (30) | (15) | (29) | — | (138) | ||||||||||||||||||||
- Amortisation of right of use assets | (1) | — | (1) | (2) | — | — | (12) | — | (14) | ||||||||||||||||||||
- Amortisation of intangible assets | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
- Rehabilitation and other non-cash costs | (2) | — | (2) | (1) | (3) | (2) | (1) | — | (7) | ||||||||||||||||||||
- Retrenchment costs | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Total cash costs net of by-product revenue | 133 | — | 133 | 119 | 119 | 208 | 240 | — | 686 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (31) | — | — | (31) | ||||||||||||||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 133 | — | 133 | 119 | 119 | 177 | 240 | — | 655 | ||||||||||||||||||||
Gold produced - oz (000)(2) | 151 | — | 151 | 118 | 117 | 110 | 217 | — | 562 | ||||||||||||||||||||
Total cash costs per ounce - $/oz(3) | 880 | — | 880 | 1,004 | 1,020 | 1,621 | 1,107 | — | 1,166 |
For the six months ended 30 June 2023 | ||||||||||||||||||||||||||||||||
Operations Australia, Americas and Projects | ||||||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | ||||||||||||||||||||||||||||||||
AUSTRALIA | AMERICAS | PROJECTS | ||||||||||||||||||||||||||||||
Sunrise Dam | Tropicana | Australia other | Total Australia | Cerro Vanguardia | AngloGold Ashanti Mineração | Serra Grande | Americas other | Total Americas | ||||||||||||||||||||||||
All-in sustaining costs | ||||||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 196 | 202 | 16 | 414 | 151 | 222 | 80 | 2 | 455 | — | ||||||||||||||||||||||
By-product revenue | (1) | (1) | — | (2) | (37) | (1) | — | — | (38) | — | ||||||||||||||||||||||
Cost of sales | 195 | 201 | 16 | 412 | 114 | 221 | 80 | 2 | 417 | — | ||||||||||||||||||||||
Realised other commodity contracts | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Amortisation of tangible, intangible and right of use assets | (25) | (40) | (1) | (66) | (19) | (42) | (19) | — | (80) | — | ||||||||||||||||||||||
Adjusted for decommissioning and inventory amortisation | — | — | — | — | — | 7 | — | — | 7 | — | ||||||||||||||||||||||
Corporate administration, marketing and related expenses | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Lease payment sustaining | 6 | 5 | 1 | 12 | — | 18 | 3 | — | 21 | — | ||||||||||||||||||||||
Sustaining exploration and study costs | 2 | — | — | 2 | 4 | — | — | — | 4 | 1 | ||||||||||||||||||||||
Total sustaining capital expenditure | 22 | 21 | — | 43 | 33 | 74 | 27 | — | 134 | — | ||||||||||||||||||||||
All-in sustaining costs | 200 | 187 | 16 | 403 | 132 | 278 | 91 | 2 | 503 | 1 | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (10) | — | — | — | (10) | — | ||||||||||||||||||||||
All-in sustaining costs adjusted for non-controlling interest and non-gold producing companies | 200 | 187 | 16 | 403 | 122 | 278 | 91 | 2 | 493 | 1 | ||||||||||||||||||||||
All-in sustaining costs | 200 | 187 | 16 | 403 | 132 | 278 | 91 | 2 | 503 | 1 | ||||||||||||||||||||||
Non-sustaining project capital expenditure | — | 30 | — | 30 | — | — | — | — | — | 10 | ||||||||||||||||||||||
Non-sustaining lease payments | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Non-sustaining exploration and study costs | 1 | 3 | 9 | 13 | 4 | 2 | 1 | — | 7 | 70 | ||||||||||||||||||||||
Care and maintenance | — | — | — | — | — | — | — | — | — | 2 | ||||||||||||||||||||||
Closure and social responsibility costs not related to current operations | — | — | — | — | — | 49 | 5 | — | 54 | — | ||||||||||||||||||||||
Other provisions | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
All-in costs | 201 | 220 | 25 | 446 | 136 | 329 | 97 | 2 | 564 | 83 | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (10) | — | — | — | (10) | — | ||||||||||||||||||||||
All-in costs adjusted for non-controlling interest and non-gold producing companies | 201 | 220 | 25 | 446 | 126 | 329 | 97 | 2 | 554 | 83 | ||||||||||||||||||||||
Gold sold - oz (000)(2) | 129 | 137 | — | 266 | 76 | 123 | 38 | — | 237 | — | ||||||||||||||||||||||
All-in sustaining cost per ounce - $/oz(3) | 1,541 | 1,363 | — | 1,510 | 1,607 | 2,252 | 2,432 | — | 2,079 | — | ||||||||||||||||||||||
All-in cost per ounce - $/oz(3) | 1,553 | 1,608 | — | 1,675 | 1,649 | 2,663 | 2,587 | — | 2,335 | — |
For the six months ended 30 June 2023 | ||||||||||||||||||||||||||||||||
Operations Australia, Americas and Projects | ||||||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | ||||||||||||||||||||||||||||||||
AUSTRALIA | AMERICAS | PROJECTS | ||||||||||||||||||||||||||||||
Sunrise Dam | Tropicana | Australia other | Total Australia | Cerro Vanguardia | AngloGold Ashanti Mineração | Serra Grande | Americas other | Total Americas | ||||||||||||||||||||||||
Total cash costs | ||||||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 196 | 202 | 16 | 414 | 151 | 222 | 80 | 2 | 455 | — | ||||||||||||||||||||||
- By-product revenue | (1) | (1) | — | (2) | (37) | (1) | — | — | (38) | — | ||||||||||||||||||||||
- Inventory change | (5) | 3 | — | (2) | 3 | 13 | — | — | 16 | — | ||||||||||||||||||||||
- Amortisation of tangible assets | (20) | (36) | — | (56) | (19) | (30) | (16) | — | (65) | — | ||||||||||||||||||||||
- Amortisation of right of use assets | (5) | (4) | (1) | (10) | — | (12) | (3) | — | (15) | — | ||||||||||||||||||||||
- Amortisation of intangible assets | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
- Rehabilitation and other non-cash costs | 1 | (1) | — | — | (2) | (3) | — | (1) | (6) | — | ||||||||||||||||||||||
- Retrenchment costs | — | — | — | — | — | (1) | (1) | — | (2) | — | ||||||||||||||||||||||
Total cash costs net of by-product revenue | 166 | 163 | 15 | 344 | 96 | 188 | 60 | 1 | 345 | — | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (7) | — | — | — | (7) | — | ||||||||||||||||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 166 | 163 | 15 | 344 | 89 | 188 | 60 | 1 | 338 | — | ||||||||||||||||||||||
Gold produced - oz (000)(2) | 127 | 138 | — | 265 | 79 | 142 | 37 | — | 258 | — | ||||||||||||||||||||||
Total cash costs per ounce - $/oz(3) | 1,304 | 1,182 | — | 1,296 | 1,128 | 1,330 | 1,620 | — | 1,313 | — | ||||||||||||||||||||||
For the six months ended 30 June 2023 | ||||||||
AngloGold Ashanti operations - Total | ||||||||
(in $ millions, except as otherwise noted) | ||||||||
JOINT VENTURES | SUBSIDIARIES | |||||||
All-in sustaining costs | ||||||||
Cost of sales per segmental information(4) | 181 | 1,749 | ||||||
By-product revenue | — | (42) | ||||||
Cost of sales | 181 | 1,707 | ||||||
Realised other commodity contracts | — | 5 | ||||||
Amortisation of tangible, intangible and right of use assets | (45) | (300) | ||||||
Adjusted for decommissioning and inventory amortisation | — | 7 | ||||||
Corporate administration, marketing and related expenses | — | 44 | ||||||
Lease payment sustaining | (1) | 47 | ||||||
Sustaining exploration and study costs | — | 15 | ||||||
Total sustaining capital expenditure | 28 | 335 | ||||||
All-in sustaining costs | 163 | 1,860 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (45) | ||||||
All-in sustaining costs adjusted for non-controlling interest and non-gold producing companies | 163 | 1,815 | ||||||
All-in sustaining costs | 163 | 1,860 | ||||||
Non-sustaining project capital expenditure | 16 | 118 | ||||||
Non-sustaining lease payments | — | 1 | ||||||
Non-sustaining exploration and study costs | — | 98 | ||||||
Care and maintenance | — | 2 | ||||||
Closure and social responsibility costs not related to current operations | 2 | 57 | ||||||
Other provisions | — | 16 | ||||||
All-in costs | 181 | 2,152 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (46) | ||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 181 | 2,106 | ||||||
Gold sold - oz (000)(2) | 154 | 1,092 | ||||||
All-in sustaining cost per ounce - $/oz(3) | 1,060 | 1,661 | ||||||
All-in cost per ounce - $/oz(3) | 1,180 | 1,927 |
For the six months ended 30 June 2023 | ||||||||
AngloGold Ashanti operations - Total | ||||||||
(in $ millions, except as otherwise noted) | ||||||||
JOINT VENTURES | SUBSIDIARIES | |||||||
Total cash costs | ||||||||
Cost of sales per segmental information(4) | 181 | 1,749 | ||||||
- By-product revenue | — | (42) | ||||||
- Inventory change | (1) | (18) | ||||||
- Amortisation of tangible assets | (44) | (261) | ||||||
- Amortisation of right of use assets | (1) | (39) | ||||||
- Amortisation of intangible assets | — | — | ||||||
- Rehabilitation and other non-cash costs | (2) | (13) | ||||||
- Retrenchment costs | — | (2) | ||||||
Total cash costs net of by-product revenue | 133 | 1,374 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (38) | ||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 133 | 1,336 | ||||||
Gold produced - oz (000)(2) | 151 | 1,085 | ||||||
Total cash costs per ounce - $/oz(3) | 880 | 1,232 |
For the six months ended 30 June 2022 | |||||
Corporate and other | |||||
(in $ millions, except as otherwise noted) | |||||
CORPORATE(5) | |||||
All-in sustaining costs | |||||
Cost of sales per segmental information(4) | — | ||||
By-product revenue | — | ||||
Cost of sales | — | ||||
Amortisation of tangible, intangible and right of use assets | (2) | ||||
Adjusted for decommissioning and inventory amortisation | — | ||||
Corporate administration, marketing and related expenses | 42 | ||||
Lease payment sustaining | 1 | ||||
Sustaining exploration and study costs | — | ||||
Total sustaining capital expenditure | 1 | ||||
All-in sustaining costs | 42 | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
All-in sustaining costs adjusted for non-controlling interest and non-gold producing companies | 42 | ||||
All-in sustaining costs | 42 | ||||
Non-sustaining project capital expenditure | — | ||||
Non-sustaining lease payments | — | ||||
Non-sustaining exploration and study costs | — | ||||
Care and maintenance | — | ||||
Closure and social responsibility costs not related to current operations | 4 | ||||
Other provisions | — | ||||
All-in costs | 46 | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 46 | ||||
Gold sold - oz (000)(2) | — | ||||
All-in sustaining cost per ounce - $/oz(3) | — | ||||
All-in cost per ounce - $/oz(3) | — | ||||
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. | |||||
(2) Attributable portion. | |||||
(3) In addition to the operational performances of the mines, “all-in sustaining cost per ounce”, “all-in cost per ounce” and “total cash costs per ounce” are affected by fluctuations in the currency exchange rate. AngloGold Ashanti reports “all-in sustaining cost per ounce” and “all-in cost per ounce” calculated to the nearest US Dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs per ounce” calculated to the nearest US Dollar amount and gold produced in ounces. | |||||
(4) Refer to Segmental reporting. | |||||
(5) Corporate includes non-gold producing subsidiaries. |
For the six months ended 30 June 2022 | |||||
Corporate and other | |||||
(in $ millions, except as otherwise noted) | |||||
CORPORATE(5) | |||||
Total cash costs | |||||
Cost of sales per segmental information(4) | — | ||||
- By-product revenue | — | ||||
- Inventory change | — | ||||
- Amortisation of tangible assets | (1) | ||||
- Amortisation of right of use assets | (1) | ||||
- Amortisation of intangible assets | — | ||||
- Rehabilitation and other non-cash costs | — | ||||
- Retrenchment costs | — | ||||
Total cash costs net of by-product revenue | (2) | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | (2) | ||||
Gold produced - oz (000) (2) | — | ||||
Total cash costs per ounce - $/oz (3) | — | ||||
For the six months ended 30 June 2022 | |||||||||||||||||||||||||||||
Operations Africa | |||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | |||||||||||||||||||||||||||||
AFRICA | AFRICA | ||||||||||||||||||||||||||||
Kibali | Other | Joint Ventures | Iduapriem | Obuasi | Siguiri | Geita | Africa other | Subsidiaries | |||||||||||||||||||||
All-in sustaining costs | |||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 163 | — | 163 | 153 | 115 | 240 | 268 | — | 776 | ||||||||||||||||||||
By-product revenue | (1) | — | (1) | — | (1) | — | (1) | — | (2) | ||||||||||||||||||||
Cost of sales | 162 | — | 162 | 153 | 114 | 240 | 267 | — | 774 | ||||||||||||||||||||
Amortisation of tangible, intangible and right of use assets | (45) | — | (45) | (32) | (16) | (27) | (45) | — | (120) | ||||||||||||||||||||
Adjusted for decommissioning and inventory amortisation | 1 | — | 1 | — | — | — | — | — | — | ||||||||||||||||||||
Corporate administration, marketing and related expenses | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Lease payment sustaining | 3 | — | 3 | 2 | — | — | 10 | — | 12 | ||||||||||||||||||||
Sustaining exploration and study costs | — | — | — | 1 | (1) | 3 | 5 | — | 8 | ||||||||||||||||||||
Total sustaining capital expenditure | 30 | — | 30 | 35 | 34 | 10 | 31 | — | 110 | ||||||||||||||||||||
All-in sustaining costs | 151 | — | 151 | 159 | 131 | 226 | 268 | — | 784 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies (1) | — | — | — | — | — | (34) | — | — | (34) | ||||||||||||||||||||
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies | 151 | — | 151 | 159 | 131 | 192 | 268 | — | 750 | ||||||||||||||||||||
All-in sustaining costs | 151 | — | 151 | 159 | 131 | 226 | 268 | — | 784 | ||||||||||||||||||||
Non-sustaining project capital expenditure | 8 | — | 8 | 18 | 30 | 1 | 20 | — | 69 | ||||||||||||||||||||
Non-sustaining lease payments | — | — | — | — | — | — | 2 | — | 2 | ||||||||||||||||||||
Non-sustaining exploration and study costs | 3 | — | 3 | 1 | — | 2 | 3 | — | 6 | ||||||||||||||||||||
Care and maintenance | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Closure and social responsibility costs not related to current operations | — | 1 | 1 | — | (9) | — | — | — | (9) | ||||||||||||||||||||
Other provisions | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
All-in costs | 162 | 1 | 163 | 178 | 152 | 229 | 293 | — | 852 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies (1) | — | — | — | — | — | (34) | — | — | (34) | ||||||||||||||||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 162 | 1 | 163 | 178 | 152 | 195 | 293 | — | 818 | ||||||||||||||||||||
Gold sold - oz (000)(2) | 150 | — | 150 | 120 | 88 | 145 | 211 | — | 564 | ||||||||||||||||||||
All-in sustaining cost per ounce - $/oz(3) | 1,003 | — | 1,003 | 1,329 | 1,495 | 1,324 | 1,270 | — | 1,331 | ||||||||||||||||||||
All-in cost per ounce - $/oz(3) | 1,077 | — | 1,082 | 1,488 | 1,736 | 1,341 | 1,384 | — | 1,450 | ||||||||||||||||||||
For the six months ended 30 June 2022 | |||||||||||||||||||||||||||||
Operations Africa | |||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | |||||||||||||||||||||||||||||
AFRICA | AFRICA | ||||||||||||||||||||||||||||
Kibali | Other | Joint Ventures | Iduapriem | Obuasi | Siguiri | Geita | Africa other | Subsidiaries | |||||||||||||||||||||
Total cash costs | |||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 163 | — | 163 | 153 | 115 | 240 | 268 | — | 776 | ||||||||||||||||||||
- By-product revenue | (1) | — | (1) | — | (1) | — | (1) | — | (2) | ||||||||||||||||||||
- Inventory change | 5 | — | 5 | (5) | 3 | (5) | (4) | — | (11) | ||||||||||||||||||||
- Amortisation of tangible assets | (44) | — | (44) | (30) | (15) | (26) | (33) | — | (104) | ||||||||||||||||||||
- Amortisation of right of use assets | (1) | — | (1) | (2) | — | (1) | (12) | — | (15) | ||||||||||||||||||||
- Amortisation of intangible assets | — | — | — | — | (1) | — | — | — | (1) | ||||||||||||||||||||
- Rehabilitation and other non-cash costs | (3) | — | (3) | 2 | (2) | (2) | (1) | — | (3) | ||||||||||||||||||||
- Retrenchment costs | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Total cash costs net of by-product revenue | 119 | — | 119 | 118 | 99 | 206 | 217 | — | 640 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (31) | — | — | (31) | ||||||||||||||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 119 | — | 119 | 118 | 99 | 175 | 217 | — | 609 | ||||||||||||||||||||
Gold produced - oz (000) (2) | 157 | — | 157 | 115 | 91 | 142 | 207 | — | 555 | ||||||||||||||||||||
Total cash costs per ounce - $/oz(3) | 756 | — | 756 | 1,028 | 1,102 | 1,232 | 1,046 | — | 1,099 | ||||||||||||||||||||
For the six months ended 30 June 2022 | ||||||||||||||||||||||||||||||||
Operations Australia, Americas and Projects | ||||||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | ||||||||||||||||||||||||||||||||
AUSTRALIA | AMERICAS | PROJECTS | ||||||||||||||||||||||||||||||
Sunrise Dam | Tropicana | Australia other | Total Australia | Cerro Vanguardia | AngloGold Ashanti Mineração | Serra Grande | Americas other | Total Americas | ||||||||||||||||||||||||
All-in sustaining costs | ||||||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 185 | 180 | 15 | 380 | 135 | 223 | 79 | 2 | 439 | — | ||||||||||||||||||||||
By-product revenue | (1) | (1) | — | (2) | (44) | (17) | — | — | (61) | — | ||||||||||||||||||||||
Cost of sales | 184 | 179 | 15 | 378 | 91 | 206 | 79 | 2 | 378 | — | ||||||||||||||||||||||
Amortisation of tangible, intangible and right of use assets | (26) | (50) | (1) | (77) | (17) | (51) | (20) | — | (88) | — | ||||||||||||||||||||||
Adjusted for decommissioning and inventory amortisation | 1 | — | — | 1 | 1 | — | (1) | — | — | — | ||||||||||||||||||||||
Corporate administration, marketing and related expenses | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Lease payment sustaining | 6 | 6 | 1 | 13 | — | 15 | 2 | — | 17 | — | ||||||||||||||||||||||
Sustaining exploration and study costs | — | — | — | — | 1 | — | — | — | 1 | — | ||||||||||||||||||||||
Total sustaining capital expenditure | 20 | 15 | — | 35 | 21 | 104 | 29 | — | 154 | — | ||||||||||||||||||||||
All-in sustaining costs | 185 | 150 | 15 | 350 | 97 | 274 | 89 | 2 | 462 | — | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (7) | — | — | — | (7) | — | ||||||||||||||||||||||
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies | 185 | 150 | 15 | 350 | 90 | 274 | 89 | 2 | 455 | — | ||||||||||||||||||||||
All-in sustaining costs | 185 | 150 | 15 | 350 | 97 | 274 | 89 | 2 | 462 | — | ||||||||||||||||||||||
Non-sustaining project capital expenditure | — | 58 | — | 58 | — | — | — | — | — | 7 | ||||||||||||||||||||||
Non-sustaining lease payments | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Non-sustaining exploration and study costs | 10 | 2 | 8 | 20 | — | 4 | 1 | — | 5 | 44 | ||||||||||||||||||||||
Care and maintenance | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Closure and social responsibility costs not related to current operations | — | — | — | — | — | 10 | — | — | 10 | — | ||||||||||||||||||||||
Other provisions | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
All-in costs | 195 | 210 | 23 | 428 | 97 | 288 | 90 | 2 | 477 | 51 | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (7) | — | — | — | (7) | — | ||||||||||||||||||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 195 | 210 | 23 | 428 | 90 | 288 | 90 | 2 | 470 | 51 | ||||||||||||||||||||||
Gold sold - oz (000)(2) | 116 | 138 | — | 254 | 83 | 142 | 40 | — | 265 | — | ||||||||||||||||||||||
All-in sustaining cost per ounce - $/oz(3) | 1,589 | 1,087 | — | 1,375 | 1,093 | 1,931 | 2,223 | — | 1,714 | — | ||||||||||||||||||||||
All-in cost per ounce - $/oz(3) | 1,671 | 1,523 | — | 1,683 | 1,093 | 2,027 | 2,252 | — | 1,772 | — |
For the six months ended 30 June 2022 | ||||||||||||||||||||||||||||||||
Operations Australia, Americas and Projects | ||||||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | ||||||||||||||||||||||||||||||||
AUSTRALIA | AMERICAS | PROJECTS | ||||||||||||||||||||||||||||||
Sunrise Dam | Tropicana | Australia other | Total Australia | Cerro Vanguardia | AngloGold Ashanti Mineração | Serra Grande | Americas other | Total Americas | ||||||||||||||||||||||||
Total cash costs | ||||||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 185 | 180 | 15 | 380 | 135 | 223 | 79 | 2 | 439 | — | ||||||||||||||||||||||
- By-product revenue | (1) | (1) | — | (2) | (44) | (17) | — | — | (61) | — | ||||||||||||||||||||||
- Inventory change | 2 | 1 | — | 3 | — | 1 | (1) | — | — | — | ||||||||||||||||||||||
- Amortisation of tangible assets | (21) | (46) | — | (67) | (17) | (37) | (19) | — | (73) | — | ||||||||||||||||||||||
- Amortisation of right of use assets | (5) | (4) | (1) | (10) | — | (14) | (1) | — | (15) | — | ||||||||||||||||||||||
- Amortisation of intangible assets | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
- Rehabilitation and other non-cash costs | 1 | 2 | — | 3 | 2 | 2 | — | — | 4 | — | ||||||||||||||||||||||
- Retrenchment costs | — | — | (1) | (1) | (1) | (1) | (1) | — | (3) | — | ||||||||||||||||||||||
Total cash costs net of by-product revenue | 161 | 132 | 13 | 306 | 75 | 157 | 57 | 2 | 291 | — | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (6) | — | — | — | (6) | — | ||||||||||||||||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 161 | 132 | 13 | 306 | 69 | 157 | 57 | 2 | 285 | — | ||||||||||||||||||||||
Gold produced - oz (000)(2) | 117 | 137 | — | 254 | 84 | 144 | 39 | — | 267 | — | ||||||||||||||||||||||
Total cash costs per ounce - $/oz(3) | 1,377 | 959 | — | 1,204 | 829 | 1,082 | 1,466 | — | 1,062 | — |
For the six months ended 30 June 2022 | ||||||||
AngloGold Ashanti operations - Total | ||||||||
(in $ millions, except as otherwise noted) | ||||||||
JOINT VENTURES | SUBSIDIARIES | |||||||
All-in sustaining costs | ||||||||
Cost of sales per segmental information(4) | 163 | 1,595 | ||||||
By-product revenue | (1) | (65) | ||||||
Cost of sales | 162 | 1,530 | ||||||
Amortisation of tangible, intangible and right of use assets | (45) | (287) | ||||||
Adjusted for decommissioning and inventory amortisation | 1 | 1 | ||||||
Corporate administration, marketing and related expenses | — | 42 | ||||||
Lease payment sustaining | 3 | 43 | ||||||
Sustaining exploration and study costs | — | 9 | ||||||
Total sustaining capital expenditure | 30 | 300 | ||||||
All-in sustaining costs | 151 | 1,638 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (41) | ||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 151 | 1,597 | ||||||
All-in sustaining costs | 151 | 1,638 | ||||||
Non-sustaining project capital expenditure | 8 | 134 | ||||||
Non-sustaining lease payments | — | 2 | ||||||
Non-sustaining exploration and study costs | 3 | 75 | ||||||
Care and maintenance | — | — | ||||||
Closure and social responsibility costs not related to current operations | 1 | 5 | ||||||
Other provisions | — | — | ||||||
All-in costs | 163 | 1,854 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (41) | ||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 163 | 1,813 | ||||||
Gold sold - oz (000)(2) | 150 | 1,083 | ||||||
All-in sustaining cost per ounce - $/oz(3) | 1,003 | 1,475 | ||||||
All-in cost per ounce - $/oz(3) | 1,082 | 1,675 |
For the six months ended 30 June 2022 | |||||||||||
AngloGold Ashanti operations - Total | |||||||||||
(in $ millions, except as otherwise noted) | |||||||||||
JOINT VENTURES | SUBSIDIARIES | ||||||||||
Total cash costs | |||||||||||
Cost of sales per segmental information(4) | 163 | 1,595 | |||||||||
- By-product revenue | (1) | (65) | |||||||||
- Inventory change | 5 | (8) | |||||||||
- Amortisation of tangible assets | (44) | (245) | |||||||||
- Amortisation of right of use assets | (1) | (41) | |||||||||
- Amortisation of intangible assets | — | (1) | |||||||||
- Rehabilitation and other non-cash costs | (3) | 4 | |||||||||
- Retrenchment costs | — | (4) | |||||||||
Total cash costs net of by-product revenue | 119 | 1,235 | |||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (37) | |||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 119 | 1,198 | |||||||||
Gold produced - oz (000)(2) | 157 | 1,076 | |||||||||
Total cash costs per ounce - $/oz(3) | 756 | 1,114 |
For the year ended 31 December 2022 | |||||
Corporate and other | |||||
(in $ millions, except as otherwise noted) | |||||
CORPORATE(5) | |||||
All-in sustaining costs | |||||
Cost of sales per segmental information(4) | 4 | ||||
By-product revenue | — | ||||
Cost of sales | 4 | ||||
Amortisation of tangible, intangible and right of use assets | (4) | ||||
Adjusted for decommissioning and inventory amortisation | — | ||||
Corporate administration, marketing and related expenses | 79 | ||||
Lease payment sustaining | 2 | ||||
Sustaining exploration and study costs | — | ||||
Total sustaining capital expenditure | 1 | ||||
All-in sustaining costs | 82 | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies | 82 | ||||
All-in sustaining costs | 82 | ||||
Non-sustaining project capital expenditure | — | ||||
Non-sustaining lease payments | — | ||||
Non-sustaining exploration and study costs | — | ||||
Care and maintenance | — | ||||
Closure and social responsibility costs not related to current operations | 7 | ||||
Other provisions | 14 | ||||
All-in costs | 103 | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 103 | ||||
Gold sold - oz (000)(2) | — | ||||
All-in sustaining cost per ounce - $/oz(3) | — | ||||
All-in cost per ounce - $/oz(3) | — | ||||
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. | |||||
(2) Attributable portion. | |||||
(3) In addition to the operational performances of the mines, “all-in sustaining cost per ounce”, “all-in cost per ounce” and “total cash costs per ounce” are affected by fluctuations in the currency exchange rate. AngloGold Ashanti reports “all-in sustaining cost per ounce” and “all-in cost per ounce” calculated to the nearest US Dollar amount and gold sold in ounces. AngloGold Ashanti reports “total cash costs per ounce” calculated to the nearest US Dollar amount and gold produced in ounces. | |||||
(4) Refer to Segmental reporting. | |||||
(5) Corporate includes non-gold producing subsidiaries. |
For the year ended 31 December 2022 | |||||
Corporate and other | |||||
(in $ millions, except as otherwise noted) | |||||
CORPORATE(5) | |||||
Total cash costs | |||||
Cost of sales per segmental information(4) | 4 | ||||
- By-product revenue | — | ||||
- Inventory change | — | ||||
- Amortisation of tangible assets | (3) | ||||
- Amortisation of right of use assets | (1) | ||||
- Amortisation of intangible assets | — | ||||
- Rehabilitation and other non-cash costs | — | ||||
- Retrenchment costs | — | ||||
Total cash costs net of by-product revenue | — | ||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | ||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | — | ||||
Gold produced - oz (000) (2) | — | ||||
Total cash costs per ounce - $/oz(3) | — | ||||
For the year ended 31 December 2022 | |||||||||||||||||||||||||||||
Operations Africa | |||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | |||||||||||||||||||||||||||||
AFRICA | AFRICA | ||||||||||||||||||||||||||||
Kibali | Other | Joint Ventures | Iduapriem | Obuasi | Siguiri | Geita | Africa other | Subsidiaries | |||||||||||||||||||||
All-in sustaining costs | |||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 342 | — | 342 | 314 | 266 | 492 | 594 | — | 1,666 | ||||||||||||||||||||
By-product revenue | (1) | — | (1) | (1) | (1) | — | (1) | — | (3) | ||||||||||||||||||||
Cost of sales | 341 | — | 341 | 313 | 265 | 492 | 593 | — | 1,663 | ||||||||||||||||||||
Amortisation of tangible, intangible and right of use assets | (95) | — | (95) | (80) | (40) | (54) | (102) | — | (276) | ||||||||||||||||||||
Adjusted for decommissioning and inventory amortisation | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Corporate administration, marketing and related expenses | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Lease payment sustaining | 8 | — | 8 | 4 | — | 1 | 22 | — | 27 | ||||||||||||||||||||
Sustaining exploration and study costs | — | — | — | 2 | — | 5 | 8 | — | 15 | ||||||||||||||||||||
Total sustaining capital expenditure | 71 | — | 71 | 81 | 79 | 23 | 111 | — | 294 | ||||||||||||||||||||
All-in sustaining costs | 325 | — | 325 | 320 | 304 | 467 | 632 | — | 1,723 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (70) | — | — | (70) | ||||||||||||||||||||
All-in sustaining costs adjusted for non-controlling interest and non-gold producing companies | 325 | — | 325 | 320 | 304 | 397 | 632 | — | 1,653 | ||||||||||||||||||||
All-in sustaining costs | 325 | — | 325 | 320 | 304 | 467 | 632 | — | 1,723 | ||||||||||||||||||||
Non-sustaining project capital expenditure | 19 | — | 19 | 65 | 80 | 4 | 43 | — | 192 | ||||||||||||||||||||
Non-sustaining lease payments | — | — | — | — | — | — | 3 | — | 3 | ||||||||||||||||||||
Non-sustaining exploration and study costs | 2 | — | 2 | 1 | — | 7 | 5 | — | 13 | ||||||||||||||||||||
Care and maintenance | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Closure and social responsibility costs not related to current operations | 10 | 1 | 11 | 1 | (23) | — | — | — | (22) | ||||||||||||||||||||
Other provisions | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
All-in costs | 356 | 1 | 357 | 387 | 361 | 478 | 683 | — | 1,909 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (72) | — | — | (72) | ||||||||||||||||||||
All-in costs adjusted for non-controlling interest and non-gold producing companies | 356 | 1 | 357 | 387 | 361 | 406 | 683 | — | 1,837 | ||||||||||||||||||||
Gold sold - oz (000)(2) | 332 | — | 332 | 247 | 241 | 278 | 515 | — | 1,281 | ||||||||||||||||||||
All-in sustaining cost per ounce - $/oz(3) | 979 | — | 979 | 1,299 | 1,264 | 1,428 | 1,227 | — | 1,291 | ||||||||||||||||||||
All-in cost per ounce - $/oz(3) | 1,072 | — | 1,075 | 1,570 | 1,499 | 1,461 | 1,325 | — | 1,434 | ||||||||||||||||||||
For the year ended 31 December 2022 | |||||||||||||||||||||||||||||
Operations Africa | |||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | |||||||||||||||||||||||||||||
AFRICA | AFRICA | ||||||||||||||||||||||||||||
Kibali | Other | Joint Ventures | Iduapriem | Obuasi | Siguiri | Geita | Africa other | Subsidiaries | |||||||||||||||||||||
Total cash costs | |||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 342 | — | 342 | 314 | 266 | 492 | 594 | — | 1,666 | ||||||||||||||||||||
- By-product revenue | (1) | — | (1) | (1) | (1) | — | (1) | — | (3) | ||||||||||||||||||||
- Inventory change | 3 | — | 3 | 3 | 6 | 4 | 7 | (1) | 19 | ||||||||||||||||||||
- Amortisation of tangible assets | (93) | — | (93) | (77) | (39) | (53) | (77) | — | (246) | ||||||||||||||||||||
- Amortisation of right of use assets | (2) | — | (2) | (3) | — | (1) | (25) | — | (29) | ||||||||||||||||||||
- Amortisation of intangible assets | — | — | — | — | (1) | — | — | — | (1) | ||||||||||||||||||||
- Rehabilitation and other non-cash costs | (4) | — | (4) | 4 | (2) | (8) | (7) | — | (13) | ||||||||||||||||||||
- Retrenchment costs | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||
Total cash costs net of by-product revenue | 245 | — | 245 | 240 | 229 | 434 | 491 | (1) | 1,393 | ||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | — | (65) | — | — | (65) | ||||||||||||||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 245 | — | 245 | 240 | 229 | 369 | 491 | (1) | 1,328 | ||||||||||||||||||||
Gold produced - oz (000) (2) | 337 | — | 337 | 248 | 250 | 279 | 521 | — | 1,298 | ||||||||||||||||||||
Total cash costs per ounce - $/oz(3) | 725 | — | 725 | 970 | 914 | 1,319 | 944 | — | 1,023 | ||||||||||||||||||||
For the year ended 31 December 2022 | ||||||||||||||||||||||||||||||||
Operations Australia, Americas and Projects | ||||||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | ||||||||||||||||||||||||||||||||
AUSTRALIA | AMERICAS | PROJECTS | ||||||||||||||||||||||||||||||
Sunrise Dam | Tropicana | Australia other | Total Australia | Cerro Vanguardia | AngloGold Ashanti Mineração | Serra Grande | Americas other | Total Americas | ||||||||||||||||||||||||
All-in sustaining costs | ||||||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 371 | 382 | 30 | 783 | 273 | 477 | 162 | 1 | 913 | — | ||||||||||||||||||||||
By-product revenue | (1) | (3) | — | (4) | (75) | (31) | — | — | (106) | — | ||||||||||||||||||||||
Cost of sales | 370 | 379 | 30 | 779 | 198 | 446 | 162 | 1 | 807 | — | ||||||||||||||||||||||
Amortisation of tangible, intangible and right of use assets | (54) | (117) | (1) | (172) | (39) | (106) | (40) | — | (185) | — | ||||||||||||||||||||||
Adjusted for decommissioning and inventory amortisation | — | 1 | — | 1 | 6 | — | (1) | — | 5 | — | ||||||||||||||||||||||
Corporate administration, marketing and related expenses | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Lease payment sustaining | 12 | 11 | 1 | 24 | — | 32 | 4 | — | 36 | 1 | ||||||||||||||||||||||
Sustaining exploration and study costs | 1 | 1 | — | 2 | 3 | 1 | — | — | 4 | — | ||||||||||||||||||||||
Total sustaining capital expenditure | 50 | 41 | — | 91 | 66 | 199 | 57 | — | 322 | — | ||||||||||||||||||||||
All-in sustaining costs | 379 | 316 | 30 | 725 | 234 | 572 | 182 | 1 | 989 | 1 | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (18) | — | — | — | (18) | — | ||||||||||||||||||||||
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies | 379 | 316 | 30 | 725 | 216 | 572 | 182 | 1 | 971 | 1 | ||||||||||||||||||||||
All-in sustaining costs | 379 | 316 | 30 | 725 | 234 | 572 | 182 | 1 | 989 | 1 | ||||||||||||||||||||||
Non-sustaining project capital expenditure | — | 111 | — | 111 | — | — | — | — | — | 17 | ||||||||||||||||||||||
Non-sustaining lease payments | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Non-sustaining exploration and study costs | 18 | 6 | 19 | 43 | 1 | 9 | 3 | 1 | 14 | 113 | ||||||||||||||||||||||
Care and maintenance | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
Closure and social responsibility costs not related to current operations | — | — | — | — | — | 16 | 2 | — | 18 | — | ||||||||||||||||||||||
Other provisions | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
All-in costs | 397 | 433 | 49 | 879 | 235 | 597 | 187 | 2 | 1,021 | 131 | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (18) | — | — | — | (18) | — | ||||||||||||||||||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 397 | 433 | 49 | 879 | 217 | 597 | 187 | 2 | 1,003 | 131 | ||||||||||||||||||||||
Gold sold - oz (000)(2) | 228 | 311 | — | 539 | 166 | 310 | 89 | — | 565 | — | ||||||||||||||||||||||
All-in sustaining cost per ounce - $/oz(3) | 1,666 | 1,014 | — | 1,345 | 1,301 | 1,841 | 2,053 | — | 1,718 | — | ||||||||||||||||||||||
All-in cost per ounce - $/oz(3) | 1,746 | 1,391 | — | 1,631 | 1,309 | 1,923 | 2,102 | — | 1,775 | — |
For the year ended 31 December 2022 | ||||||||||||||||||||||||||||||||
Operations Australia, Americas and Projects | ||||||||||||||||||||||||||||||||
(in $ millions, except as otherwise noted) | ||||||||||||||||||||||||||||||||
AUSTRALIA | AMERICAS | PROJECTS | ||||||||||||||||||||||||||||||
Sunrise Dam | Tropicana | Australia other | Total Australia | Cerro Vanguardia | AngloGold Ashanti Mineração | Serra Grande | Americas other | Total Americas | ||||||||||||||||||||||||
Total cash costs | ||||||||||||||||||||||||||||||||
Cost of sales per segmental information(4) | 371 | 382 | 30 | 783 | 273 | 477 | 162 | 1 | 913 | — | ||||||||||||||||||||||
- By-product revenue | (1) | (3) | — | (4) | (75) | (31) | — | — | (106) | — | ||||||||||||||||||||||
- Inventory change | 8 | (5) | — | 3 | 9 | 1 | (1) | (1) | 8 | — | ||||||||||||||||||||||
- Amortisation of tangible assets | (43) | (109) | — | (152) | (39) | (79) | (36) | — | (154) | — | ||||||||||||||||||||||
- Amortisation of right of use assets | (11) | (8) | (1) | (20) | — | (27) | (4) | — | (31) | — | ||||||||||||||||||||||
- Amortisation of intangible assets | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
- Rehabilitation and other non-cash costs | 2 | 12 | (1) | 13 | 2 | (1) | (1) | — | — | — | ||||||||||||||||||||||
- Retrenchment costs | — | — | (1) | (1) | (2) | (2) | (1) | — | (5) | — | ||||||||||||||||||||||
Total cash costs net of by-product revenue | 326 | 269 | 27 | 622 | 168 | 338 | 119 | — | 625 | — | ||||||||||||||||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | — | — | — | (13) | — | — | — | (13) | — | ||||||||||||||||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 326 | 269 | 27 | 622 | 155 | 338 | 119 | — | 612 | — | ||||||||||||||||||||||
Gold produced - oz (000)(2) | 232 | 306 | — | 538 | 170 | 311 | 88 | — | 569 | — | ||||||||||||||||||||||
Total cash costs per ounce - $/oz(3) | 1,402 | 881 | — | 1,157 | 913 | 1,088 | 1,355 | — | 1,078 | — | ||||||||||||||||||||||
For the year ended 31 December 2022 | ||||||||
AngloGold Ashanti operations - Total | ||||||||
(in $ millions, except as otherwise noted) | ||||||||
JOINT VENTURES | SUBSIDIARIES | |||||||
All-in sustaining costs | ||||||||
Cost of sales per segmental information(4) | 342 | 3,366 | ||||||
By-product revenue | (1) | (113) | ||||||
Cost of sales | 341 | 3,253 | ||||||
Amortisation of tangible, intangible and right of use assets | (95) | (637) | ||||||
Adjusted for decommissioning and inventory amortisation | — | 6 | ||||||
Corporate administration, marketing and related expenses | — | 79 | ||||||
Lease payment sustaining | 8 | 90 | ||||||
Sustaining exploration and study costs | — | 21 | ||||||
Total sustaining capital expenditure | 71 | 708 | ||||||
All-in sustaining costs | 325 | 3,520 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (88) | ||||||
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies | 325 | 3,432 | ||||||
All-in sustaining costs | 325 | 3,520 | ||||||
Non-sustaining project capital expenditure | 19 | 320 | ||||||
Non-sustaining lease payments | — | 3 | ||||||
Non-sustaining exploration and study costs | 2 | 183 | ||||||
Care and maintenance | — | — | ||||||
Closure and social responsibility costs not related to current operations | 11 | 3 | ||||||
Other provisions | — | 14 | ||||||
All-in costs | 357 | 4,043 | ||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (90) | ||||||
All-in costs adjusted for non-controlling interests and non-gold producing companies | 357 | 3,953 | ||||||
Gold sold - oz (000)(2) | 332 | 2,385 | ||||||
All-in sustaining cost per ounce - $/oz(3) | 979 | 1,439 | ||||||
All-in cost per ounce - $/oz(3) | 1,075 | 1,658 |
For the year ended 31 December 2022 | |||||||||||
AngloGold Ashanti operations - Total | |||||||||||
(in $ millions, except as otherwise noted) | |||||||||||
JOINT VENTURES | SUBSIDIARIES | ||||||||||
Total cash costs | |||||||||||
Cost of sales per segmental information(4) | 342 | 3,366 | |||||||||
- By-product revenue | (1) | (113) | |||||||||
- Inventory change | 3 | 30 | |||||||||
- Amortisation of tangible assets | (93) | (555) | |||||||||
- Amortisation of right of use assets | (2) | (81) | |||||||||
- Amortisation of intangible assets | — | (1) | |||||||||
- Rehabilitation and other non-cash costs | (4) | — | |||||||||
- Retrenchment costs | — | (6) | |||||||||
Total cash costs net of by-product revenue | 245 | 2,640 | |||||||||
Adjusted for non-controlling interests and non-gold producing companies(1) | — | (78) | |||||||||
Total cash costs adjusted for non-controlling interests and non-gold producing companies | 245 | 2,562 | |||||||||
Gold produced - oz (000)(2) | 337 | 2,405 | |||||||||
Total cash costs per ounce - $/oz(3) | 725 | 1,066 | |||||||||
Jun | Jun | Dec | ||||||||||||
2023 | 2022 | 2022 | ||||||||||||
Unaudited | Unaudited | Unaudited | ||||||||||||
ZAR/USD average for the year to date | 18.21 | 15.40 | 16.37 | |||||||||||
ZAR/USD closing | 18.83 | 16.27 | 17.00 | |||||||||||
AUD/USD average for the year to date | 1.48 | 1.39 | 1.44 | |||||||||||
AUD/USD closing | 1.50 | 1.45 | 1.47 | |||||||||||
BRL/USD average for the year to date | 5.07 | 5.07 | 5.16 | |||||||||||
BRL/USD closing | 4.82 | 5.24 | 5.22 | |||||||||||
ARS/USD average for the year to date | 212.58 | 112.40 | 130.87 | |||||||||||
ARS/USD closing | 256.68 | 125.22 | 177.13 | |||||||||||
AngloGold Ashanti plc Incorporated in England & Wales Registration No. 14654651 LEI No. 2138005YDSA7A82RNU96 Share codes: ISIN: GB00BRXH2664 CUSIP: G0378L100 NYSE: AU JSE: ANG A2X: ANG GhSE (Shares): AGA GhSE (GhDS): AAD JSE Sponsor: The Standard Bank of South Africa Limited Auditors: PricewaterhouseCoopers Inc. Offices Registered and Corporate 4th Floor, Communications House South Street Staines-upon-Thames Surrey TW18 4PR United Kingdom Telephone: +44 (0) 203 968 3320 Fax: +44 (0) 203 968 3325 Australia Level 10, AMP Building, 140 St George’s Terrace Perth, WA 6000 (PO Box Z5046, Perth WA 6831) Australia Telephone: +61 8 9425 4602 Fax: +61 8 9425 4662 Ghana Gold House Patrice Lumumba Road (PO Box 2665) Accra Ghana Telephone: +233 303 773400 Fax: +233 303 778155 | Directors Executive A Calderon▲ (Chief Executive Officer) GA Doran▲ (Chief Financial Officer) Non-Executive MDC Ramos^ (Chairman) KOF Busia△ AM Ferguson* AH Garner# R Gasant^ SP Lawson# J Magie§ MC Richter#~ DL Sands# JE Tilk§ * British § Canadian #American ▲Australian ~Panamanian ^South African △Ghanaian Officers C Stead Company Secretary Company secretarial e-mail Companysecretary@anglogoldashanti.com Investor Relations contacts Yatish Chowthee Telephone: +27 11 637 6273 Mobile: +27 78 364 2080 E-mail: yrchowthee@anglogoldashanti.com Andrea Maxey Telephone: +61 08 9425 4603 Mobile: +61 400 072 199 E-mail: amaxey@anglogoldashanti.com AngloGold Ashanti website www.anglogoldashanti.com AngloGold Ashanti posts information that may be important to investors on the main page of its website at www.anglogoldashanti.com and under the “Investors” tab on the main page. This information is updated periodically. AngloGold Ashanti intends to use its website as a means of disclosing material non-public information to the public in a broad, non-exclusionary manner and for complying with its disclosure obligations. Accordingly, investors should visit this website regularly to obtain important information about AngloGold Ashanti, in addition to following its press releases, documents it files with, or furnishes to, the United States Securities and Exchange Commission (SEC) and public conference calls and webcasts. No material on the AngloGold Ashanti website forms any part of, or is incorporated by reference into, this document. References herein to the AngloGold Ashanti website shall not be deemed to cause such incorporation. PUBLISHED BY ANGLOGOLD ASHANTI | Share Registrars United States Computershare Trust Company, N.A. 150 Royall Street Suite 101 Canton, MA 02021 United States of America Telephone US: 866-644-4127 Telephone non-US: +1-781-575-2000 Shareholder Online Inquiries: https://www-us.computershare.com/Investor/#Contact Website: www.computershare.com/investor South Africa Computershare Investor Services (Pty) Limited Rosebank Towers, 15 Biermann Avenue Rosebank, 2196 (PO Box 61051, Marshalltown 2107) South Africa Telephone: 0861 100 950 (in SA) Fax: +27 11 688 5218 E-mail: queries@computershare.co.za Website: www.computershare.com Ghana Central Securities Depository (GH) LTD 4th Floor, Cedi House PMB CT 465, Cantonments Accra, Ghana Telephone: +233 302 689313 Fax: +233 302 689315 Ghana depositary NTHC Limited 18 Gamel Abdul Nasser Avenue Ringway Estate Accra, Ghana Telephone: +233 302 235814/6 Fax: +233 302 229975 |
Exhibit Number | Description | Remarks | ||||||||||||
Exhibit 22 | Filed herewith |
Name of Subsidiary Issuer | Incorporation | Description of Registered Notes | ||||||
AngloGold Ashanti Holdings plc | Isle of Man | 3.375% Notes due 2028 | ||||||
AngloGold Ashanti Holdings plc | Isle of Man | 3.750% Notes due 2030 | ||||||
AngloGold Ashanti Holdings plc | Isle of Man | 6.500% Notes due 2040 |
Name of Subsidiary Issuer | Incorporation | Description of Registered Notes | ||||||
AngloGold Ashanti Holdings plc | Isle of Man | 3.375% Notes due 2022 | ||||||
AngloGold Ashanti Holdings plc | Isle of Man | 3.750% Notes due 2030 | ||||||
AngloGold Ashanti Holdings plc | Isle of Man | 6.500% Notes due 2040 |
Cover |
6 Months Ended |
---|---|
Jun. 30, 2023 | |
Cover [Abstract] | |
Document type | 6-K/A |
Entity registrant name | AngloGold Ashanti plc |
Amendment flag | true |
Document period end date | Jun. 30, 2023 |
Document fiscal year focus | 2023 |
Document fiscal period focus | Q2 |
Entity central index key | 0001973832 |
Current fiscal year end date | --12-31 |
Amendment Description | Explanatory NoteGeneralThis Amendment No. 1 on Form 6-K/A (the “Amended Half-Year 2023 Form 6-K”) filed by AngloGold Ashanti plc (the “Company”) amends and restates certain items in the report on Form 6-K initially filed by the Company’s predecessor, AngloGold Ashanti Limited (currently known as AngloGold Ashanti (Pty) Ltd), with the U.S. Securities and Exchange Commission (the “SEC”) on 4 August 2023 (at 8:11 a.m. Eastern Daylight Time), which contains AngloGold Ashanti Limited’s previously issued unaudited condensed consolidated interim financial statements as of and for each of the six-month periods ended 30 June 2023 and 2022 (the “Original Half-Year 2023 Form 6-K”) (the “Original Half-Year 2023 Financial statements”).BackgroundIn connection with the preparation of its consolidated financial statements as of and for the financial year ended 31 December 2023, the Company, as successor issuer to AngloGold Ashanti Limited, concluded that (i) AngloGold Ashanti Limited’s previously issued audited consolidated financial statements as of and for the financial year ended 31 December 2022, included in the annual report on Form 20-F for the financial year ended 31 December 2022 filed by AngloGold Ashanti Limited with the SEC on 17 March 2023 (the “Original Full-Year 2022 Financial Statements” and together with the Original Half-Year 2023 Financial Statements, the “Affected Financials”) and (ii) the Original Half-Year 2023 Financial Statements, contained an error in the calculation of the net deferred tax asset with regard to the Obuasi mine. Additionally, the Company also identified other errors which were not considered material to the Affected Financials. Non-RelianceAs previously reported, on 21 February 2024, the Audit and Risk Committee of the board of directors of the Company (the “Audit and Risk Committee”), based on the recommendation of, and after consultation with, the Company’s management, concluded that the Affected Financials should no longer be relied upon.Impact of the RestatementsThe Audit and Risk Committee evaluated the effect of these prior period errors and determined that the Company needed to restate the Affected Financials, in both cases in accordance with IFRS Accounting Standards. The aggregate restatement due to the error related to the reported amount of the net deferred tax asset with regard to the Obuasi mine resulted in a reduction in profit for the financial year ended 31 December 2022 by $49 million, a reduction in profit for the six-month period ended 30 June 2023 by $79 million and no change in profit for the six-month period ended 30 June 2022. The restatement due to the other immaterial errors which were also corrected resulted in a reduction in profit for the financial year ended 31 December 2022 by $16 million, a reduction in profit for the six-month period ended 30 June 2023 by $1 million and an increase in profit for the six-month period ended 30 June 2022 by $3 million. The restatements had no impact on the Group’s debt, the financial maintenance covenants in its credit facilities or its statement of cash flows. Furthermore, certain other information has also been adjusted to reflect the effects of the corporate restructuring. For further information on the restatements, including the impact thereof on each financial statement line item, see Note 1.1 to the restated Original Half-Year 2023 Financial Statements included herein.Items Restated HereinFor the convenience of the reader, this Amended Half-Year 2023 Form 6-K presents the Original Half-Year 2023 Form 6-K in its entirety. Except as relating to the identified errors and the restatements described above, there were no changes to any other parts of the Original Half-Year 2023 Form 6-K. In addition, except as relating to the identified errors and the restatements described above, this Amended Half-Year 2023 Form 6-K is presented as of the date of the Original Half-Year 2023 Form 6-K and has not been updated to reflect events, results or developments that occurred at a later date or facts that became known to the Company subsequent to the submission of the Original Half-Year 2023 Form 6-K and should therefore be read in their historical context. Among other things, forward-looking statements made in the Original Half-Year 2023 Form 6-K have not been revised to reflect events, results or developments that occurred at a later date or facts that became known to the Company subsequent to the submission of the Original Half-Year 2023 Form 6-K, and such forward-looking statements should be read in conjunction with the Company’s filings with the SEC, including those subsequent to the submission of the Original Half-Year 2023 Form 6-K.Separately, the Company has also presented the restated Original Full-Year 2022 Financial Statements in its annual report on Form 20-F for the financial year ended 31 December 2023 filed by AngloGold Ashanti plc with the SEC on 25 April 2024. |
Group - Income Statement - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
||||||||||||||
Profit or loss [abstract] | ||||||||||||||||
Revenue from product sales | [1] | $ 2,186 | $ 2,155 | $ 4,501 | ||||||||||||
Cost of sales | [1] | (1,749) | (1,595) | (3,366) | ||||||||||||
(Loss) gain on non-hedge derivatives and other commodity contracts | [1] | (2) | 0 | (6) | ||||||||||||
Gross profit (loss) | [1] | 435 | 560 | 1,129 | ||||||||||||
Corporate administration, marketing and related expenses | [1] | (44) | (42) | (79) | ||||||||||||
Exploration and evaluation costs | [1] | (112) | (84) | (205) | ||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | [1] | (126) | (2) | (315) | ||||||||||||
Other (expenses) income | [1],[2] | (68) | (13) | (26) | ||||||||||||
Finance income | [1] | 57 | 31 | 81 | ||||||||||||
Foreign exchange and fair value adjustments | [1] | (75) | (53) | (125) | ||||||||||||
Finance costs and unwinding of obligations | [1] | (75) | (65) | (149) | ||||||||||||
Share of associates and joint ventures’ profit (loss) | [1] | 84 | 78 | 161 | ||||||||||||
Profit (loss) before taxation | [1] | 76 | 410 | 472 | ||||||||||||
Taxation | [1] | (111) | (94) | (221) | ||||||||||||
Profit (loss) for the period | (35) | [1] | 316 | [1] | 251 | [3] | ||||||||||
Allocated as follows: | ||||||||||||||||
Equity shareholders | [1] | (39) | 302 | 233 | ||||||||||||
Non-controlling interests | [1] | $ 4 | $ 14 | $ 18 | ||||||||||||
Earnings per share [abstract] | ||||||||||||||||
Basic earnings per ordinary share (USD per share) | [1],[4] | $ (0.09) | $ 0.72 | $ 0.55 | ||||||||||||
Diluted earnings per ordinary share (USD per share) | [1],[5] | $ (0.09) | $ 0.72 | $ 0.55 | ||||||||||||
|
Group - Statement of Comprehensive Income - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
||||||||
Statement of comprehensive income [abstract] | ||||||||||
Profit (loss) for the period | $ (35) | [1] | $ 316 | [1] | $ 251 | [2] | ||||
Items that will be reclassified subsequently to profit or loss: | ||||||||||
Exchange differences on translation of foreign operations | [2] | (10) | (22) | (27) | ||||||
Items that will not be reclassified subsequently to profit or loss: | ||||||||||
Exchange differences on translation of non-foreign operations | [2] | (9) | 3 | (2) | ||||||
Net (loss) gain on equity investments | [2] | (2) | (37) | (50) | ||||||
Actuarial gain (loss) recognised | [2] | 0 | 0 | (10) | ||||||
Deferred taxation thereon | [2] | 0 | 14 | 14 | ||||||
Other comprehensive income that will not be reclassified to profit or loss | [2] | (11) | (20) | (48) | ||||||
Other comprehensive income (loss) for the period, net of tax | [2] | (21) | (42) | (75) | ||||||
Total comprehensive income (loss) for the period, net of tax | [2] | (56) | 274 | 176 | ||||||
Allocated as follows: | ||||||||||
Equity shareholders | [2] | (60) | 260 | 158 | ||||||
Non-controlling interests | [2] | $ 4 | $ 14 | $ 18 | ||||||
|
Group - Statement of Financial Position - USD ($) $ in Millions |
Jun. 30, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Non-current assets | |||||||||||
Tangible assets | [1] | $ 4,266 | $ 4,208 | $ 4,093 | |||||||
Right of use assets | [1] | 152 | 156 | 202 | |||||||
Intangible assets | [1] | 104 | 106 | 116 | |||||||
Investments in associates and joint ventures | [1] | 1,129 | 1,091 | 1,164 | |||||||
Other investments | [1] | 1 | 3 | 18 | |||||||
Inventories | [1] | 4 | 5 | 6 | |||||||
Trade, other receivables and other assets | [1] | 222 | 231 | 218 | |||||||
Reimbursive right for post-retirement benefits | [1] | 12 | 12 | 0 | |||||||
Deferred taxation | [1],[2] | 41 | 23 | 28 | |||||||
Cash restricted for use | [1] | 34 | 33 | 32 | |||||||
Total non-current assets | [1] | 5,965 | 5,868 | 5,877 | |||||||
Current assets | |||||||||||
Inventories | [1] | 800 | 773 | 720 | |||||||
Trade, other receivables and other assets | [1] | 317 | 237 | 333 | |||||||
Cash restricted for use | [1] | 25 | 27 | 34 | |||||||
Cash and cash equivalents | [1] | 722 | 1,108 | 1,266 | |||||||
Total current assets | [1] | 1,864 | 2,145 | 2,353 | |||||||
Total assets | [1] | 7,829 | 8,013 | 8,230 | |||||||
EQUITY AND LIABILITIES | |||||||||||
Share capital and premium | [1],[3] | 7,253 | 7,239 | 7,237 | |||||||
Accumulated losses and other reserves | [1] | (3,344) | (3,199) | (2,986) | |||||||
Shareholders’ equity | [1] | 3,909 | 4,040 | 4,251 | |||||||
Non-controlling interests | [1] | 33 | 35 | 32 | |||||||
Total equity | [1] | 3,942 | 4,075 | 4,283 | |||||||
Non-current liabilities | |||||||||||
Borrowings | [1] | 1,896 | 1,965 | 1,953 | |||||||
Lease liabilities | [1] | 106 | 115 | 138 | |||||||
Environmental rehabilitation and other provisions | [1],[4] | 611 | 596 | 642 | |||||||
Provision for pension and post-retirement benefits | [1] | 68 | 71 | 75 | |||||||
Trade and other payables | [1] | 8 | 7 | 6 | |||||||
Deferred taxation | [1] | 341 | 300 | 323 | |||||||
Total non-current liabilities | [1] | 3,030 | 3,054 | 3,137 | |||||||
Current liabilities | |||||||||||
Borrowings | [1] | 17 | 18 | 52 | |||||||
Lease liabilities | [1] | 72 | 71 | 76 | |||||||
Environmental rehabilitation and other provisions | [1],[4] | 103 | 81 | 71 | |||||||
Trade and other payables | [1] | 641 | 667 | 595 | |||||||
Taxation | [1] | 19 | 45 | 16 | |||||||
Bank overdraft | [1] | 5 | 2 | 0 | |||||||
Total current liabilities | [1] | 857 | 884 | 810 | |||||||
Total liabilities | [1] | 3,887 | 3,938 | 3,947 | |||||||
Total equity and liabilities | [1] | $ 7,829 | $ 8,013 | $ 8,230 | |||||||
|
Group - Statement of Changes in Equity - USD ($) $ in Millions |
Total |
Total |
Share capital and premium |
Other capital reserves |
(Accumulated losses) Retained earnings |
Fair value through OCI |
Actuarial (losses) gains |
Foreign currency translation reserve |
[1] | Non-controlling interests |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity at beginning of period at Dec. 31, 2021 | $ 4,101 | $ 4,047 | $ 7,223 | $ 84 | $ (1,899) | $ 53 | $ (2) | $ (1,412) | $ 54 | ||||||||||
Profit (loss) for the period | 316 | [2] | 302 | 302 | 14 | ||||||||||||||
Other comprehensive income (loss) | (42) | [3] | (42) | (23) | (19) | ||||||||||||||
Total comprehensive income (loss) for the period, net of tax | 274 | [3] | 260 | 0 | 0 | 302 | (23) | 0 | (19) | 14 | |||||||||
Shares issued | 14 | 14 | 14 | ||||||||||||||||
Share-based payment for share awards net of exercised | (7) | (7) | (7) | ||||||||||||||||
Dividends paid | (62) | (62) | (62) | ||||||||||||||||
Dividends of subsidiaries | (37) | 0 | (37) | ||||||||||||||||
Transfer on derecognition of equity investment | 0 | 0 | 69 | (69) | |||||||||||||||
Translation | 0 | (1) | (1) | 1 | |||||||||||||||
Equity at end of period at Jun. 30, 2022 | 4,283 | [4] | 4,251 | 7,237 | 77 | (1,591) | (39) | (2) | (1,431) | 32 | |||||||||
Equity at beginning of period at Dec. 31, 2021 | 4,101 | 4,047 | 7,223 | 84 | (1,899) | 53 | (2) | (1,412) | 54 | ||||||||||
Profit (loss) for the period | [3] | 251 | |||||||||||||||||
Other comprehensive income (loss) | [3] | (75) | |||||||||||||||||
Total comprehensive income (loss) for the period, net of tax | [3] | 176 | |||||||||||||||||
Equity at end of period at Dec. 31, 2022 | 4,075 | [4] | 4,040 | 7,239 | 81 | (1,774) | (52) | (13) | (1,441) | 35 | |||||||||
Profit (loss) for the period | (35) | [2] | (39) | (39) | 4 | ||||||||||||||
Other comprehensive income (loss) | (21) | [3] | (21) | (2) | (19) | ||||||||||||||
Total comprehensive income (loss) for the period, net of tax | (56) | [3] | (60) | 0 | 0 | (39) | (2) | 0 | (19) | 4 | |||||||||
Shares issued | 14 | 14 | 14 | ||||||||||||||||
Share-based payment for share awards net of exercised | (9) | (9) | (9) | ||||||||||||||||
Dividends paid | (76) | (76) | (76) | ||||||||||||||||
Dividends of subsidiaries | (6) | 0 | (6) | ||||||||||||||||
Transfer on derecognition of equity investment | 0 | 0 | (50) | 50 | |||||||||||||||
Translation | 0 | 0 | (4) | 3 | 1 | ||||||||||||||
Equity at end of period at Jun. 30, 2023 | $ 3,942 | [4] | $ 3,909 | $ 7,253 | $ 68 | $ (1,936) | $ (4) | $ (12) | $ (1,460) | $ 33 | |||||||||
|
Group - Statement of Changes in Equity (Parenthetical) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | [1] | $ 11 | $ 20 | $ 48 | |
Foreign currency translation reserve | |||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | 50 | 35 | 40 | ||
Non-foreign operations | Foreign currency translation reserve | |||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | $ 1,410 | $ 1,396 | $ 1,401 | ||
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Group - Income Statement - Parenthetical (Details) $ in Millions |
6 Months Ended |
---|---|
Jun. 30, 2023
USD ($)
| |
Condensed Income Statement1 [Line Items] | |
Increase in other (expenses) income | $ 55 |
Increase in legal and project fees | 16 |
Miscellaneous other operating income | 18 |
Implementation of major restructuring | |
Condensed Income Statement1 [Line Items] | |
Increase in legal and project fees | 14 |
Environment related provision | |
Condensed Income Statement1 [Line Items] | |
Increase in existing provisions, other provisions | $ 57 |
Group - Statement of Cash Flows - Parenthetical (Details) - USD ($) $ in Millions |
Jun. 30, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
||
---|---|---|---|---|---|
Statement of cash flows [abstract] | |||||
Bank overdraft | [1] | $ 5 | $ 2 | $ 0 | |
|
Segmental reporting |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of entity's operating segments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segmental reporting | Segmental reporting AngloGold Ashanti’s operating segments are being reported based on the financial information regularly provided to the Chief Executive Officer and the Executive Committee, collectively identified as the Chief Operating Decision Maker (CODM). Individual members of the Executive Committee are responsible for geographic regions of the business. Under the group’s operating model, the financial results and the composition of the operating segments are reported to the CODM per geographical region. In addition to the geographical reportable segments structure, the group has voluntarily disaggregated and disclosed the financial information on a line-by-line basis for each mining operation to facilitate comparability of mine performance.
(1) Includes income from sale of gold concentrate.
Segmental reporting (continued)
(1) The group’s segmental profit measure is gross profit (loss), which excludes the results of associates and joint ventures. For the reconciliation of gross profit (loss) to profit (loss) before taxation, refer to the group income statement. (2) Comparative periods have been retrospectively restated. Refer to note 1.1. Segmental reporting (continued)
(1) The Australia amortisation disaggregated segment disclosures only relate to property, plant and equipment which do not represent shared assets between the mining operations within the Australia geographical region and for which the group can disaggregate and allocate on a reasonable basis to the different mining operations within such region. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
Segmental reporting (continued)
*The operating segments continue to be presented per geographical region. The additional information disaggregated and disclosed for each mining operation has been provided by the group to facilitate comparability of mine performance. (1) The Australia total assets include property, plant and equipment, cash, leased assets, inventory and other assets which the group is unable to allocate and disaggregate on a reasonable basis between the different mining operations within the Australia geographical region, as some of these assets represent shared assets between the mining operations within such region. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
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Basis of preparation |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate information and statement of IFRS compliance [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of preparation | Basis of preparation The condensed consolidated interim financial statements in this report have been prepared in accordance with the historic cost convention except for certain financial instruments which are stated at fair value. The group prepares condensed consolidated interim financial statements for the six months ended 30 June and 31 December, and annual financial statements for the year ended 31 December. The group’s accounting policies used in the preparation of these condensed consolidated interim financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2022. The condensed consolidated interim financial statements of AngloGold Ashanti Limited (“AngloGold Ashanti” or the “Company”) have been prepared in compliance with the framework concepts and the measurement and recognition requirements of the International Financial Reporting Standard (“IFRS”), IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”), the South African Institute of Chartered Accountants (“SAICA”) Financial Reporting Guides as issued by the Accounting Practices Committee, the Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council, the JSE Listings Requirements and in the manner required by the South African Companies Act, No. 71 of 2008 for the preparation of financial information of the group for the six months ended 30 June 2023. These condensed consolidated interim financial statements should be read in conjunction with the Company’s restated audited consolidated financial statements and the notes thereto as at and for the year ended 31 December 2022. 1.1 Restatements Prior period error in the calculation of a net deferred tax asset with respect to the Obuasi mine and other restatements Please refer to the section “Explanatory Note” included at the beginning of this Amended Half-Year 2023 Form 6-K for a discussion of the non-reliance on and restatement of previously issued financial statements. With regard to the previously reported results in the Original Half-Year 2023 Form 6-K, the group concluded that these results contained an error in the calculation related to the reported amount of the net deferred tax asset with regard to the Obuasi mine. Additionally, the group also identified other errors which were not considered material to the previously issued financial statements as of and for each of the six-month periods ended 30 June 2023 and 2022 and the financial year ended 31 December 2022. The group evaluated the effect of these prior period errors and determined that it needed to restate its unaudited condensed consolidated interim financial statements as of and for each of the six-month periods ended 30 June 2023 and 2022 and its audited consolidated financial statements as of and for the financial year ended 31 December 2022. These restatements are in all cases in accordance with IAS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’. The aggregate restatement due to the error related to the reported amount of the net deferred tax asset with regard to the Obuasi mine resulted in a reduction in profit for the six-month period ended 30 June 2023 by $79m, no change in profit for the six-month period ended 30 June 2022 and a reduction in profit for the financial year ended 31 December 2022 by $49m. The restatement due to the other immaterial errors which were also corrected resulted in a reduction in profit for the six-month period ended 30 June 2023 by $1m, an increase in profit for the six-month period ended 30 June 2022 by $3m and a reduction in profit for the financial year ended 31 December 2022 by $16m. The restatements had no impact on the group’s debt, the financial maintenance covenants in its credit facilities or its statement of cash flows. The other errors which were corrected related to the following: a.Kibali - Equity-accounted losses adjustment; b.Geita - Foreign exchange adjustment on VAT receivable reclassified; c.Rand Refinery - Derivative fair value adjustment reclassified; d.Mineração Serra Grande - Impairment adjustment recorded; e.Siguiri - Deferred stripping adjustment recorded; f.Group - Reclassification of environmental rehabilitation provisions from non-current provisions to current provisions; g.Group - Reclassification of lease liabilities from current liabilities to non-current liabilities; and h.Group - Reclassification of short-term provisions from trade and other payables to environmental rehabilitation and other provisions. The impact of the above restatements on each financial statement line item is presented below.
Rounding of figures may result in computational discrepancies.
Rounding of figures may result in computational discrepancies.
Rounding of figures may result in computational discrepancies.
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Revenue |
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Disclosure of revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Revenue
(1) Sales of gold concentrate are recorded at the time of shipment, net of refining and treatment charges, which is also when control of ownership passes to the customer. Sales prices are provisionally set on a specified future date after shipment, based on market prices. Revenue is recorded using forward market gold prices on the expected date that the final sales will be determined. Changes in the fair value as a result of changes in forward gold prices are classified as provisional price adjustments and included as a component of revenue. There have been no material provisional price adjustments for the six months ended 30 June 2023.
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Cost of sales |
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Cost of Sales [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of sales | Cost of sales
(1) Cash operating costs for the first half of 2023 were $111m higher compared to the first half of 2022. This increase was mainly due to continued inflation and input price increases (which did not peak until the second and third quarters of 2022), higher operating expenditure and higher waste stripping costs at Tropicana, partially offset by weaker foreign exchange rates against the US Dollar. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
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Impairment, derecognition of assets and (loss) profit on disposal |
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Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment, derecognition of assets and (loss) profit on disposal | Impairment, derecognition of assets and (loss) profit on disposal Impairments The group’s non-financial assets, other than inventories and deferred tax assets, are assessed for impairment or reversal of impairment indicators at each reporting date or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Córrego do Sítio (“CdS”) CdS is owned and operated by AngloGold Ashanti Mineração (“AGA Mineração”) in Brazil. The CdS mining complex has been in operation since 1989 and consists of open pit and underground mines. The property is currently in a production stage. Management is currently assessing various options related to the CdS mining complex cash generating unit (“CGU”), ranging from operational improvements through the Full Asset Potential review programme to putting the operations under care and maintenance. In 2022, an impairment loss of $189m was recognised in respect of the CdS mining complex CGU. During the first half of 2023, the CdS mining complex CGU experienced further operational underperformance and as a result a further impairment loss of $39m was recognised on the remaining asset balances and new capital expenditures incurred during 2023. The impairment losses in 2022 and the first half of 2023 were recognised and included in the Americas segment. Cuiabá Cuiabá is owned and operated by AGA Mineração in Brazil. It has been in operation since 1834 and is an underground mine. The property is currently in the production stage. In 2022, an impairment loss of $70m was recognised in respect of the Cuiabá mining complex CGU. During the first half of 2023, Cuiabá recognised a further impairment loss of $53m largely due to the current suspension of operating activities at the Queiroz metallurgical plant while additional buttressing at the Calcinados TSF is designed and completed, and a decision not to restart operations during the dry season (contrary to what was originally planned). The impairment losses in 2022 and the first half of 2023 were recognised and included in the Americas segment. Impairment Allocation:
Derecognition of assets Decommissioning assets of $29m at AGA Mineração and $9m at Serra Grande relating to legacy TSFs were derecognised, mainly due to the uncertainty of future economic benefits to be generated from these assets.
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Finance costs and unwinding of obligations |
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Finance costs and unwinding of obligations | Finance costs and unwinding of obligations
The interest included within finance costs is calculated at effective interest rates.
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Taxation |
6 Months Ended |
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Jun. 30, 2023 | |
Disclosure of income tax [Abstract] | |
Taxation | Taxation Income tax uncertainties AngloGold Ashanti operates in numerous countries around the world and accordingly is subject to, and pays annual income taxes under, the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with local government, and others are defined by the general corporate income tax laws of the country. The group has historically filed, and continues to file, all required income tax returns and to pay the taxes reasonably determined to be due. In some jurisdictions, tax authorities are yet to complete their assessments for previous years. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time, the group is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the tax authorities over the interpretation or application of certain rules in respect of the group’s business conducted within the country involved. Significant judgement is required in determining the worldwide provisions for income taxes due to the complexity of legislation. There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. Irrespective of whether potential economic outflows of matters have been assessed as probable or possible, individually significant matters are included below, to the extent that disclosure does not prejudice the group. Argentina - Cerro Vanguardia SA The Argentina Tax Authority has challenged the deduction of certain hedge losses, with tax and penalties amounting to $3m (Jun 2022: $6m; Dec 2022: $4m). Management has appealed this matter which has been heard by the Tax Court, with final evidence submitted in 2017. The matter is pending and judgement is expected in the next 24 months as at 30 June 2023. Management is of the opinion that the hedge losses were claimed correctly and no provision has therefore been made. Brazil - AGA Mineração and Serra Grande The Brazil Tax Authority has challenged various aspects of the companies’ tax returns for periods from 2005 to 2016 which individually and in aggregate are not considered to be material. Based on engagement with the Brazil Tax Authority, certain amounts have been allowed and assessments reduced, whilst objections have been lodged against the remainder of the findings. In December 2019, Serra Grande received a tax assessment of $26m (Jun 2022: $22m; Dec 2022: $23m) relating to the amortisation of goodwill on the acquisition of mining interests, which is permitted as a tax deduction when the acquirer is a domiciled entity. Management is of the opinion that the Brazil Tax Authority is unlikely to succeed in this matter. This is supported by external legal advice and therefore no provision has been made. Colombia - La Colosa and Gramalote The tax treatment of exploration expenditure has been challenged by the Colombian Tax Authority which resulted in claims for taxes and penalties of $10m (Jun 2022: $74m; Dec 2022: $42m) pertaining to the 2010 to 2014 tax years. These assessments were appealed in 2016 (in the case of La Colosa) and resulted in adverse judgements in the Administrative Court of Cundinamarca in 2018, which were subsequently appealed by AngloGold Ashanti. The deduction of exploration costs is prohibited from 2017 onwards following a change in legislation. Subsequent to this date, exploration costs have been treated in accordance with the amended legislation. In July 2019, the Supreme Administrative Court issued a ruling that duplicate penalties may not be charged. The impact of the ruling is that certain penalties were waived. During November 2022, the Supreme Administrative Court issued final rulings on the tax treatment of exploration expenditure pertaining to the 2010 and 2011 tax years and partially allowed the tax claims against AngloGold Ashanti as submitted. The rulings, which included tax and interest, cannot be appealed and resulted in tax liabilities of $34m provided for in 2022. However, the Supreme Administrative Court fully waived penalties related to the 2010 and 2011 tax years. A revised tax reform was adopted in December 2022 in Colombia, which may lead to a reduction of interest charged on outstanding tax obligations in certain circumstances. In February 2023, the Company paid $25m (which includes interest), after taking into account a reduction of $6m in interest under the tax reform, in full settlement of the 2011 income and equity tax claims. In April 2023, the Company paid $3m (which includes interest), in full settlement of the 2010 income tax claim. The Company’s lawsuits with respect to its 2013 and 2014 tax returns are still pending before the Administrative Court of Cundinamarca. Penalties of $10m (Jun 2022: $9m; Dec 2022: $8m) pertaining to the 2013 and 2014 tax years were not recognised as a provision and are considered to be contingent, awaiting judgement from the Courts. Guinea - Siguiri The Guinea Tax Authority has challenged certain aspects of Société AngloGold Ashanti de Guinée S.A.’s tax return for the 2010 year of assessment totalling $8m (attributable) (Jun 2022: $8m (attributable); Dec 2022: $8m (attributable)). Management has objected to the assessment. However, provision has been made for a portion of the total claims amounting to $2m (attributable) (Jun 2022: $2m (attributable); Dec 2022: $2m (attributable)). A meeting was held in February 2022 under the Minister of Budget Tax advisor’s chairmanship, calling for the formation of a tripartite committee to review the claim and resolve the issue. Members from government were appointed to the committee, but no meetings have been held to date. Mali - Yatela and AGA Mali Services The Mali Tax Authority has challenged various aspects of Société des Mines de Yatela S.A. and Société AngloGold Ashanti Mali S.A.’s tax returns for periods of 2012 to 2019 totalling $3m (attributable) (Jun 2022: $4m (attributable); Dec 2022: $4m (attributable)). Management is of the opinion that the Mali Tax Authority is unlikely to succeed in the tax matters and therefore no provision has been made. Tanzania - Geita Gold Mine The Tanzania Revenue Authority has raised audit findings on various tax matters for years from 2009 to 2021 amounting to $338m (Jun 2022: $312m; Dec 2022: $318m). In addition, the Tanzania Revenue Authority has issued Agency Notices on various local bank accounts of the Company in Tanzania, enforcing payments from those bank accounts, despite the matters being on appeal. In order to continue operating its bank accounts and to not impact operations, Geita made payments under protest for which a receivable of $24m (Jun 2022: $25m; Dec 2022: $24m) was raised. Management has objected and appealed through various levels of the administrative processes. Management has obtained external legal advice and is of the opinion that the claims of the Tanzania Revenue Authority are unlikely to succeed. In addition, it should be noted that amendments passed to Tanzanian legislation in 2017 amended the 2010 Mining Act and new Finance Act. Effective from 1 July 2017, the gold mining royalty rate increased to 6% (from 4%) and further a 1% clearing fee on the value of all 6 Taxation (continued) minerals exported was imposed. The group has been paying the higher royalty and clearing fees since this date, under protest, and is of the view that this is in contravention of its Mining Development Agreement.
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Headline earnings |
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Disclosure of earnings per share [Notes] [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Headline earnings | Headline earnings (3)
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Borrowings and lease liabilities |
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of borrowing costs [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowings and lease liabilities | Borrowings and lease liabilities AngloGold Ashanti’s borrowings are interest bearing.
(1) Comparative periods have been retrospectively restated. Refer to note 1.1.
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Cash generated from operations |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of cash flows [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash generated from operations | Cash generated from operations
(1) Other exchange losses, which were previously reported as part of other non-cash movements, are now being reported separately. The reclassification had no impact on any reported totals or on any amounts presented in the interim financial statements for the six months ended 30 June 2022 or the annual financial statements for the year ended 31 December 2022. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
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Financial risk management activities |
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Jun. 30, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about financial instruments [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial risk management activities | Financial risk management activities Fair value Fair value is determined using valuation techniques as outlined below unless the instrument is traded in an active market. Where possible, inputs are based on quoted prices and other market determined variables. Fair value hierarchy The group uses the following hierarchy for determining and disclosing the fair value of financial instruments: Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). 10 Financial risk management activities (continued) The table below represents financial instruments measured at fair value at the reporting date, or for which fair value is disclosed at 30 June 2023.
(1) Included in the statement of financial position in non-current trade, other receivables and other assets. (2) Included in the statement of financial position in current trade, other receivables and other assets. (3) Included in the statement of financial position in current trade, other payables and provisions. Reconciliation of deferred compensation asset A reconciliation of the deferred compensation asset included in the statement of financial position is set out in the following table:
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Capital commitments |
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital commitments [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital commitments | Capital commitments
Liquidity and capital resources To service the above capital commitments and other operational requirements, the group is dependent on existing cash resources, cash generated from operations and borrowings (in the form of bonds and credit facilities). As part of the management of liquidity, funding and interest rate risk, the group regularly evaluates market conditions and may enter into transactions, from time to time, to repurchase outstanding debt, pursuant to open market purchases, privately negotiated transactions, tender offers or other means. Cash generated from operations is subject to operational, market and other risks. Distributions from operations may be subject to foreign investment, exchange control laws and regulations and the quantity of foreign exchange available in offshore countries. In addition, distributions from joint ventures are subject to the relevant board approval. The credit facilities and other finance arrangements contain financial covenants and other similar undertakings. To the extent that external borrowings are required, the group’s covenant performance indicates that existing financing facilities will be available to meet the above commitments. The financing facilities which mature in the near future are disclosed in current liabilities. The group believes that sufficient measures are in place to ensure that these facilities can be refinanced.
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Contractual commitments and contingencies |
6 Months Ended |
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Jun. 30, 2023 | |
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract] | |
Contractual commitments and contingencies | Contractual commitments and contingencies AngloGold Ashanti’s material contingent liabilities and assets at 30 June 2023 and 31 December 2022 are detailed below: Litigation claims Litigation - AngloGold Ashanti (Ghana) Limited (AGAG) received a summons on 2 April 2013 from Abdul Waliyu and 152 others in which the plaintiffs allege that they were or are residents of the Obuasi municipality or its suburbs and that their health has been adversely affected by emission and/or other environmental impacts arising in connection with the current and/or historical operations of the Pompora Treatment Plant (PTP), which was decommissioned in 2000. The plaintiffs’ alleged injuries include respiratory infections, skin diseases and certain cancers. In April 2023, the court dismissed the matter for want of prosecution by the plaintiffs. On 24 February 2014, executive members of the PTP (AGAG) Smoke Effect Association (PASEA), sued AGAG by themselves and on behalf of their members (undisclosed number) on grounds similar to those discussed above, as well as economic hardships as a result of constant failure of their crops. In June 2023, the court dismissed the matter for want of prosecution by the plaintiffs. Litigation - On 27 March 2023, Altius Royalty Corporation (“Altius”) initiated arbitration proceedings in Vancouver, B.C., Canada against AngloGold Ashanti North America Inc. (“AGANA”) regarding the geographic scope of a 1.5 percent net smelter returns royalty. Altius asserts the royalty should be broadly interpreted to cover nearly all claims controlled by AGANA in the Beatty, Nevada mining district, including claims related to the Silicon Project as well as claims recently acquired as part of the Corvus Gold Inc. and Coeur Sterling, Inc. acquisitions. AGANA intends to vigorously defend against Altius’ claims. The parties presently anticipate that the arbitration hearing will be held in the second quarter of 2024. In view of the limitation of current information for the accurate estimation of a liability, no reliable estimate can be made for AGANA’s obligation in this matter. Tax claims For a discussion on tax claims and tax uncertainties refer to note 6.
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Segmental reporting (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of entity's operating segments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of segmental information |
(1) Includes income from sale of gold concentrate.
(1) The group’s segmental profit measure is gross profit (loss), which excludes the results of associates and joint ventures. For the reconciliation of gross profit (loss) to profit (loss) before taxation, refer to the group income statement. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
(1) The Australia amortisation disaggregated segment disclosures only relate to property, plant and equipment which do not represent shared assets between the mining operations within the Australia geographical region and for which the group can disaggregate and allocate on a reasonable basis to the different mining operations within such region. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
*The operating segments continue to be presented per geographical region. The additional information disaggregated and disclosed for each mining operation has been provided by the group to facilitate comparability of mine performance. (1) The Australia total assets include property, plant and equipment, cash, leased assets, inventory and other assets which the group is unable to allocate and disaggregate on a reasonable basis between the different mining operations within the Australia geographical region, as some of these assets represent shared assets between the mining operations within such region. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
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Basis of preparation (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate information and statement of IFRS compliance [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect of restructuring initially recognised | The impact of the above restatements on each financial statement line item is presented below.
Rounding of figures may result in computational discrepancies.
Rounding of figures may result in computational discrepancies.
Rounding of figures may result in computational discrepancies.
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Revenue (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of revenue |
(1) Sales of gold concentrate are recorded at the time of shipment, net of refining and treatment charges, which is also when control of ownership passes to the customer. Sales prices are provisionally set on a specified future date after shipment, based on market prices. Revenue is recorded using forward market gold prices on the expected date that the final sales will be determined. Changes in the fair value as a result of changes in forward gold prices are classified as provisional price adjustments and included as a component of revenue. There have been no material provisional price adjustments for the six months ended 30 June 2023.
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Cost of sales (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of Sales [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of sales by cost |
(1) Cash operating costs for the first half of 2023 were $111m higher compared to the first half of 2022. This increase was mainly due to continued inflation and input price increases (which did not peak until the second and third quarters of 2022), higher operating expenditure and higher waste stripping costs at Tropicana, partially offset by weaker foreign exchange rates against the US Dollar. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
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Impairment, derecognition of assets and (loss) profit on disposal (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of impairment allocation | Impairment Allocation:
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Finance costs and unwinding of obligations (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of finance costs and unwinding of obligations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of finance costs and unwinding of obligations by item |
|
Headline earnings (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of earnings per share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Headline earnings |
|
Borrowings and lease liabilities (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of borrowing costs [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about borrowings | AngloGold Ashanti’s borrowings are interest bearing.
(1) Comparative periods have been retrospectively restated. Refer to note 1.1.
|
Cash generated from operations (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of cash flows [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of cash generated from operations |
(1) Other exchange losses, which were previously reported as part of other non-cash movements, are now being reported separately. The reclassification had no impact on any reported totals or on any amounts presented in the interim financial statements for the six months ended 30 June 2022 or the annual financial statements for the year ended 31 December 2022. (2) Comparative periods have been retrospectively restated. Refer to note 1.1.
|
Financial risk management activities (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about financial instruments [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of fair value of financial instruments | The table below represents financial instruments measured at fair value at the reporting date, or for which fair value is disclosed at 30 June 2023.
(1) Included in the statement of financial position in non-current trade, other receivables and other assets. (2) Included in the statement of financial position in current trade, other receivables and other assets. (3) Included in the statement of financial position in current trade, other payables and provisions. A reconciliation of the deferred compensation asset included in the statement of financial position is set out in the following table:
|
Capital commitments (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual Capital Commitments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of capital commitments |
|
Segmental reporting (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||||
Disclosure of operating segments [line items] | |||||||
Gold income | $ 2,144 | $ 2,090 | $ 4,388 | ||||
By-product revenue | 42 | 65 | 113 | ||||
Cost of sales | [1] | 1,749 | 1,595 | 3,366 | |||
Gross profit | [1] | 435 | 560 | 1,129 | |||
Amortisation | 300 | 287 | 637 | ||||
Capital expenditure | 453 | 434 | 1,028 | ||||
Total assets | [2] | 7,829 | 8,230 | 8,013 | |||
Operating segments | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 2,442 | 2,371 | 4,984 | ||||
By-product revenue | 42 | 66 | 114 | ||||
Cost of sales | 1,930 | 1,758 | 3,708 | ||||
Gross profit | 552 | 678 | 1,385 | ||||
Amortisation | 345 | 332 | 732 | ||||
Capital expenditure | 497 | 472 | 1,118 | ||||
AFRICA | Operating segments | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 1,475 | 1,386 | 2,981 | ||||
By-product revenue | 2 | 3 | 4 | ||||
Cost of sales | 1,060 | 939 | 2,008 | ||||
Gross profit | 417 | 449 | 977 | ||||
Amortisation | 197 | 165 | 371 | ||||
Capital expenditure | 280 | 217 | 576 | ||||
Total assets | 4,198 | 3,997 | 4,035 | ||||
AFRICA | Operating segments | Kibali - Attributable 45% | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 298 | 281 | 596 | ||||
By-product revenue | 0 | 1 | 1 | ||||
Cost of sales | 181 | 163 | 342 | ||||
Gross profit | 117 | 118 | 256 | ||||
Amortisation | 45 | 45 | 95 | ||||
Capital expenditure | 44 | 38 | 90 | ||||
Total assets | 1,093 | 1,120 | 1,054 | ||||
AFRICA | Operating segments | Iduapriem | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 239 | 224 | 443 | ||||
By-product revenue | 0 | 0 | 1 | ||||
Cost of sales | 195 | 153 | 314 | ||||
Gross profit | 45 | 71 | 130 | ||||
Amortisation | 66 | 32 | 80 | ||||
Capital expenditure | 70 | 53 | 146 | ||||
Total assets | 496 | 405 | 436 | ||||
AFRICA | Operating segments | Obuasi | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 242 | 165 | 431 | ||||
By-product revenue | 0 | 1 | 1 | ||||
Cost of sales | 157 | 115 | 266 | ||||
Gross profit | 85 | 51 | 165 | ||||
Amortisation | 30 | 16 | 40 | ||||
Capital expenditure | 75 | 64 | 159 | ||||
Total assets | 1,233 | 1,125 | 1,219 | ||||
AFRICA | Operating segments | Siguiri | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 258 | 321 | 591 | ||||
By-product revenue | 1 | 0 | 0 | ||||
Cost of sales | 234 | 240 | 492 | ||||
Gross profit | 23 | 81 | 99 | ||||
Amortisation | 15 | 27 | 54 | ||||
Capital expenditure | 15 | 11 | 27 | ||||
Total assets | 428 | 542 | 457 | ||||
AFRICA | Operating segments | Geita | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 438 | 395 | 920 | ||||
By-product revenue | 1 | 1 | 1 | ||||
Cost of sales | 293 | 268 | 594 | ||||
Gross profit | 146 | 128 | 327 | ||||
Amortisation | 41 | 45 | 102 | ||||
Capital expenditure | 76 | 51 | 154 | ||||
Total assets | 942 | 801 | 864 | ||||
AFRICA | Operating segments | Administration and other | |||||||
Disclosure of operating segments [line items] | |||||||
Gross profit | 1 | 0 | 0 | ||||
Total assets | 6 | 4 | 5 | ||||
AUSTRALIA | Operating segments | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 514 | 475 | 967 | ||||
By-product revenue | 2 | 2 | 4 | ||||
Cost of sales | 414 | 380 | 783 | ||||
Gross profit | 102 | 97 | 188 | ||||
Amortisation | 66 | 77 | 172 | ||||
Capital expenditure | 73 | 93 | 202 | ||||
Total assets | 963 | 986 | 960 | ||||
AUSTRALIA | Operating segments | Sunrise Dam | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 250 | 218 | 410 | ||||
By-product revenue | 1 | 1 | 1 | ||||
Cost of sales | 196 | 185 | 371 | ||||
Gross profit | 54 | 33 | 40 | ||||
Amortisation | 25 | 26 | 54 | ||||
Capital expenditure | 22 | 20 | 50 | ||||
AUSTRALIA | Operating segments | Tropicana - Attributable 70% | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 264 | 257 | 557 | ||||
By-product revenue | 1 | 1 | 3 | ||||
Cost of sales | 202 | 180 | 382 | ||||
Gross profit | 64 | 79 | 177 | ||||
Amortisation | 40 | 50 | 117 | ||||
Capital expenditure | 51 | 73 | 152 | ||||
AUSTRALIA | Operating segments | Administration and other | |||||||
Disclosure of operating segments [line items] | |||||||
Cost of sales | 16 | 15 | 30 | ||||
Gross profit | (16) | (15) | (29) | ||||
Amortisation | 1 | 1 | 1 | ||||
AMERICAS | Operating segments | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 453 | 510 | 1,036 | ||||
By-product revenue | 38 | 61 | 106 | ||||
Cost of sales | 455 | 439 | 913 | ||||
Gross profit | 37 | 132 | 229 | ||||
Amortisation | 80 | 88 | 185 | ||||
Capital expenditure | 134 | 154 | 322 | ||||
Total assets | 1,350 | 1,647 | 1,395 | ||||
AMERICAS | Operating segments | Cerro Vanguardia | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 158 | 168 | 319 | ||||
By-product revenue | 37 | 44 | 75 | ||||
Cost of sales | 151 | 135 | 273 | ||||
Gross profit | 44 | 77 | 122 | ||||
Amortisation | 19 | 17 | 39 | ||||
Capital expenditure | 33 | 21 | 66 | ||||
Total assets | 513 | 514 | 514 | ||||
AMERICAS | Operating segments | AngloGold Ashanti Mineração | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 223 | 267 | 557 | ||||
By-product revenue | 1 | 17 | 31 | ||||
Cost of sales | 222 | 223 | 477 | ||||
Gross profit | 2 | 61 | 111 | ||||
Amortisation | 42 | 51 | 106 | ||||
Capital expenditure | 74 | 104 | 199 | ||||
Total assets | 599 | 855 | 625 | ||||
AMERICAS | Operating segments | Serra Grande | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 72 | 75 | 160 | ||||
Cost of sales | 80 | 79 | 162 | ||||
Gross profit | (8) | (4) | (2) | ||||
Amortisation | 19 | 20 | 40 | ||||
Capital expenditure | 27 | 29 | 57 | ||||
Total assets | 218 | 250 | 217 | ||||
AMERICAS | Operating segments | Administration and other | |||||||
Disclosure of operating segments [line items] | |||||||
Cost of sales | 2 | 2 | 1 | ||||
Gross profit | (1) | (2) | (2) | ||||
Total assets | 20 | 28 | 39 | ||||
PROJECTS | Operating segments | |||||||
Disclosure of operating segments [line items] | |||||||
Capital expenditure | 10 | 7 | 17 | ||||
Total assets | 874 | 694 | 872 | ||||
PROJECTS | Operating segments | Colombian projects | |||||||
Disclosure of operating segments [line items] | |||||||
Capital expenditure | 5 | 6 | 16 | ||||
Total assets | 225 | 216 | 244 | ||||
PROJECTS | Operating segments | North American projects | |||||||
Disclosure of operating segments [line items] | |||||||
Capital expenditure | 5 | 1 | 1 | ||||
Total assets | 649 | 478 | 628 | ||||
CORPORATE AND OTHER | Operating segments | |||||||
Disclosure of operating segments [line items] | |||||||
Cost of sales | 1 | 0 | 4 | ||||
Gross profit | (4) | 0 | (9) | ||||
Amortisation | 2 | 2 | 4 | ||||
Capital expenditure | 0 | 1 | 1 | ||||
Total assets | 444 | 906 | 751 | ||||
Equity-accounted joint venture included above | Elimination of intersegment amounts | |||||||
Disclosure of operating segments [line items] | |||||||
Gold income | 298 | 281 | 596 | ||||
By-product revenue | 0 | 1 | 1 | ||||
Cost of sales | 181 | 163 | 342 | ||||
Gross profit | 117 | 118 | 256 | ||||
Amortisation | 45 | 45 | 95 | ||||
Capital expenditure | $ 44 | $ 38 | $ 90 | ||||
|
Basis of preparation - Narrative (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
||||||||
Disclosure of reclassifications or changes in presentation [line items] | ||||||||||
Profit (loss) | $ 35 | [1] | $ (316) | [1] | $ (251) | [2] | ||||
Increase (decrease) due to corrections of prior period errors | Other immaterial errors | ||||||||||
Disclosure of reclassifications or changes in presentation [line items] | ||||||||||
Profit (loss) | 1 | (3) | 16 | |||||||
Obuasi | Increase (decrease) due to corrections of prior period errors | Net deferred tax asset | ||||||||||
Disclosure of reclassifications or changes in presentation [line items] | ||||||||||
Profit (loss) | $ 79 | $ 0 | $ 49 | |||||||
|
Basis of preparation - Schedule of Restatement (Details) - USD ($) $ / shares in Units, $ in Millions |
6 Months Ended | 12 Months Ended | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
Dec. 31, 2021 |
||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Other (expenses) income | [1],[2] | $ (68) | $ (13) | $ (26) | |||||||||||||||||||||
Cost of sales | [1] | (1,749) | (1,595) | (3,366) | |||||||||||||||||||||
Gross profit | [1] | 435 | 560 | 1,129 | |||||||||||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | [1] | (126) | (2) | (315) | |||||||||||||||||||||
Foreign exchange and fair value adjustments | [1] | (75) | (53) | (125) | |||||||||||||||||||||
Share of associates and joint ventures’ profit (loss) | [1] | 84 | 78 | 161 | |||||||||||||||||||||
Profit (loss) before taxation | [1] | 76 | 410 | 472 | |||||||||||||||||||||
Taxation | [1] | (111) | (94) | (221) | |||||||||||||||||||||
Profit (loss) for the period | (35) | [1] | 316 | [1] | 251 | [3] | |||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||
Equity shareholders | (39) | 302 | 233 | ||||||||||||||||||||||
Non-controlling interests | [1] | $ 4 | $ 14 | $ 18 | |||||||||||||||||||||
Basic earnings per ordinary share (USD per share) | [1],[4] | $ (0.09) | $ 0.72 | $ 0.55 | |||||||||||||||||||||
Diluted earnings per ordinary share (USD per share) | [1],[5] | $ (0.09) | $ 0.72 | $ 0.55 | |||||||||||||||||||||
Headline earnings (loss) | $ 61 | $ 304 | $ 489 | ||||||||||||||||||||||
Headline earnings (loss) per ordinary share (USD cents per share) | $ 0.14 | $ 0.72 | $ 1.16 | ||||||||||||||||||||||
Diluted headline earnings (loss) per ordinary share (USD cents per share) | $ 0.14 | $ 0.72 | $ 1.16 | ||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | [3] | $ (56) | $ 274 | $ 176 | |||||||||||||||||||||
Statement of financial position | |||||||||||||||||||||||||
Tangible assets | [6] | 4,266 | 4,093 | 4,208 | |||||||||||||||||||||
Investments in associates and joint ventures | [6] | 1,129 | 1,164 | 1,091 | |||||||||||||||||||||
Deferred taxation | [6],[7] | 41 | 28 | 23 | |||||||||||||||||||||
Non-current assets | [6] | 5,965 | 5,877 | 5,868 | |||||||||||||||||||||
Trade, other receivables and other assets | [6] | 317 | 333 | 237 | |||||||||||||||||||||
Current assets | [6] | 1,864 | 2,353 | 2,145 | |||||||||||||||||||||
Non-current | [6] | 106 | 138 | 115 | |||||||||||||||||||||
Environmental rehabilitation and other provisions | [6],[8] | 611 | 642 | 596 | |||||||||||||||||||||
Deferred taxation | [6] | 341 | 323 | 300 | |||||||||||||||||||||
Non-current liabilities | [6] | 3,030 | 3,137 | 3,054 | |||||||||||||||||||||
Current | [6] | 72 | 76 | 71 | |||||||||||||||||||||
Trade and other payables | [6] | 641 | 595 | 667 | |||||||||||||||||||||
Environmental rehabilitation and other provisions | [6],[8] | 103 | 71 | 81 | |||||||||||||||||||||
Current liabilities | [6] | 857 | 810 | 884 | |||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 3,942 | [6] | 4,283 | [6] | 4,075 | [6] | $ 4,101 | ||||||||||||||||||
(Accumulated losses) Retained earnings | |||||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Profit (loss) for the period | (39) | 302 | |||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | (39) | 302 | |||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (1,936) | (1,591) | (1,774) | (1,899) | |||||||||||||||||||||
Foreign currency translation reserve | |||||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | [9] | (19) | (19) | ||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | [9] | (1,460) | (1,431) | (1,441) | (1,412) | ||||||||||||||||||||
Total | |||||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Profit (loss) for the period | (39) | 302 | |||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | (60) | 260 | |||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 3,909 | 4,251 | 4,040 | 4,047 | |||||||||||||||||||||
Non-controlling interests | |||||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Profit (loss) for the period | 4 | 14 | |||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | 4 | 14 | |||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 33 | 32 | 35 | $ 54 | |||||||||||||||||||||
Increase (decrease) due to corrections of prior period errors | Other immaterial errors | |||||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Other (expenses) income | (10) | ||||||||||||||||||||||||
Cost of sales | (3) | (4) | |||||||||||||||||||||||
Gross profit | (3) | (4) | |||||||||||||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | (11) | ||||||||||||||||||||||||
Foreign exchange and fair value adjustments | 3 | ||||||||||||||||||||||||
Share of associates and joint ventures’ profit (loss) | 9 | 6 | (5) | ||||||||||||||||||||||
Profit (loss) before taxation | (1) | 3 | (17) | ||||||||||||||||||||||
Taxation | 0 | 1 | |||||||||||||||||||||||
Profit (loss) for the period | (1) | 3 | (16) | ||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||
Equity shareholders | 0 | 4 | (15) | ||||||||||||||||||||||
Non-controlling interests | $ (1) | $ (1) | $ (1) | ||||||||||||||||||||||
Basic earnings per ordinary share (USD per share) | $ 0 | $ 0.01 | $ (0.04) | ||||||||||||||||||||||
Diluted earnings per ordinary share (USD per share) | $ 0 | $ 0.01 | $ (0.04) | ||||||||||||||||||||||
Headline earnings (loss) | $ 0 | $ 4 | $ (6) | ||||||||||||||||||||||
Headline earnings (loss) per ordinary share (USD cents per share) | $ 0 | $ 0.01 | $ (0.01) | ||||||||||||||||||||||
Diluted headline earnings (loss) per ordinary share (USD cents per share) | $ 0 | $ 0.01 | $ (0.01) | ||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | $ (1) | $ 3 | $ (17) | ||||||||||||||||||||||
Statement of financial position | |||||||||||||||||||||||||
Tangible assets | (11) | 12 | (1) | ||||||||||||||||||||||
Investments in associates and joint ventures | 2 | (9) | |||||||||||||||||||||||
Deferred taxation | 0 | (1) | 0 | ||||||||||||||||||||||
Non-current assets | (11) | 13 | (10) | ||||||||||||||||||||||
Trade, other receivables and other assets | (2) | ||||||||||||||||||||||||
Current assets | (2) | ||||||||||||||||||||||||
Non-current | 13 | ||||||||||||||||||||||||
Environmental rehabilitation and other provisions | (29) | (38) | |||||||||||||||||||||||
Deferred taxation | 0 | 1 | |||||||||||||||||||||||
Non-current liabilities | 0 | (28) | (25) | ||||||||||||||||||||||
Current | (13) | ||||||||||||||||||||||||
Trade and other payables | (31) | (42) | (43) | ||||||||||||||||||||||
Environmental rehabilitation and other provisions | 31 | 71 | 81 | ||||||||||||||||||||||
Current liabilities | 0 | 29 | 25 | ||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (11) | 10 | (10) | ||||||||||||||||||||||
Increase (decrease) due to corrections of prior period errors | (Accumulated losses) Retained earnings | Other immaterial errors | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (10) | 8 | (10) | ||||||||||||||||||||||
Increase (decrease) due to corrections of prior period errors | Foreign currency translation reserve | Other immaterial errors | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (1) | (1) | |||||||||||||||||||||||
Increase (decrease) due to corrections of prior period errors | Total | Other immaterial errors | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (11) | 8 | (11) | ||||||||||||||||||||||
Increase (decrease) due to corrections of prior period errors | Non-controlling interests | Other immaterial errors | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 2 | 1 | |||||||||||||||||||||||
As previously reported | |||||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Other (expenses) income | (58) | ||||||||||||||||||||||||
Cost of sales | (1,592) | (3,362) | |||||||||||||||||||||||
Gross profit | 563 | 1,133 | |||||||||||||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | (304) | ||||||||||||||||||||||||
Foreign exchange and fair value adjustments | (128) | ||||||||||||||||||||||||
Share of associates and joint ventures’ profit (loss) | 75 | 72 | 166 | ||||||||||||||||||||||
Profit (loss) before taxation | 77 | 407 | 489 | ||||||||||||||||||||||
Taxation | (32) | (173) | |||||||||||||||||||||||
Profit (loss) for the period | 45 | 313 | 316 | ||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||
Equity shareholders | 40 | 298 | 297 | ||||||||||||||||||||||
Non-controlling interests | $ 5 | $ 15 | $ 19 | ||||||||||||||||||||||
Basic earnings per ordinary share (USD per share) | $ 0.10 | $ 0.71 | $ 0.71 | ||||||||||||||||||||||
Diluted earnings per ordinary share (USD per share) | $ 0.10 | $ 0.71 | $ 0.71 | ||||||||||||||||||||||
Headline earnings (loss) | $ 140 | $ 300 | $ 544 | ||||||||||||||||||||||
Headline earnings (loss) per ordinary share (USD cents per share) | $ 0.33 | $ 0.71 | $ 1.29 | ||||||||||||||||||||||
Diluted headline earnings (loss) per ordinary share (USD cents per share) | $ 0.33 | $ 0.71 | $ 1.29 | ||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | $ 24 | $ 271 | $ 242 | ||||||||||||||||||||||
Statement of financial position | |||||||||||||||||||||||||
Tangible assets | 4,277 | 4,081 | 4,209 | ||||||||||||||||||||||
Investments in associates and joint ventures | 1,162 | 1,100 | |||||||||||||||||||||||
Deferred taxation | 146 | 29 | 72 | ||||||||||||||||||||||
Non-current assets | 6,081 | 5,864 | 5,927 | ||||||||||||||||||||||
Trade, other receivables and other assets | 335 | ||||||||||||||||||||||||
Current assets | 2,355 | ||||||||||||||||||||||||
Non-current | 102 | ||||||||||||||||||||||||
Environmental rehabilitation and other provisions | 671 | 634 | |||||||||||||||||||||||
Deferred taxation | 318 | 322 | |||||||||||||||||||||||
Non-current liabilities | 3,007 | 3,165 | 3,079 | ||||||||||||||||||||||
Current | 84 | ||||||||||||||||||||||||
Trade and other payables | 672 | 637 | 710 | ||||||||||||||||||||||
Environmental rehabilitation and other provisions | 72 | 0 | 0 | ||||||||||||||||||||||
Current liabilities | 857 | 781 | 859 | ||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 4,081 | 4,273 | 4,134 | ||||||||||||||||||||||
As previously reported | (Accumulated losses) Retained earnings | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (1,798) | (1,599) | (1,715) | ||||||||||||||||||||||
As previously reported | Foreign currency translation reserve | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (1,459) | (1,440) | |||||||||||||||||||||||
As previously reported | Total | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 4,048 | 4,243 | 4,100 | ||||||||||||||||||||||
As previously reported | Non-controlling interests | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 30 | 34 | |||||||||||||||||||||||
Obuasi | Increase (decrease) due to corrections of prior period errors | Net deferred tax asset | |||||||||||||||||||||||||
Income statement | |||||||||||||||||||||||||
Other (expenses) income | 0 | ||||||||||||||||||||||||
Cost of sales | 0 | 0 | |||||||||||||||||||||||
Gross profit | 0 | 0 | |||||||||||||||||||||||
Impairment, derecognition of assets and profit (loss) on disposal | 0 | ||||||||||||||||||||||||
Foreign exchange and fair value adjustments | 0 | ||||||||||||||||||||||||
Share of associates and joint ventures’ profit (loss) | 0 | 0 | 0 | ||||||||||||||||||||||
Profit (loss) before taxation | 0 | 0 | 0 | ||||||||||||||||||||||
Taxation | (79) | (49) | |||||||||||||||||||||||
Profit (loss) for the period | (79) | 0 | (49) | ||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||
Equity shareholders | (79) | 0 | (49) | ||||||||||||||||||||||
Non-controlling interests | $ 0 | $ 0 | |||||||||||||||||||||||
Basic earnings per ordinary share (USD per share) | $ (0.19) | $ 0 | $ (0.12) | ||||||||||||||||||||||
Diluted earnings per ordinary share (USD per share) | $ (0.19) | $ 0 | $ (0.12) | ||||||||||||||||||||||
Headline earnings (loss) | $ (79) | $ 0 | $ (49) | ||||||||||||||||||||||
Headline earnings (loss) per ordinary share (USD cents per share) | $ (0.19) | $ 0 | $ (0.12) | ||||||||||||||||||||||
Diluted headline earnings (loss) per ordinary share (USD cents per share) | $ (0.19) | $ 0 | $ (0.12) | ||||||||||||||||||||||
Statement of comprehensive income | |||||||||||||||||||||||||
Total comprehensive income for the period, net of tax | $ (79) | $ 0 | $ (49) | ||||||||||||||||||||||
Statement of financial position | |||||||||||||||||||||||||
Tangible assets | 0 | 0 | 0 | ||||||||||||||||||||||
Investments in associates and joint ventures | 0 | 0 | |||||||||||||||||||||||
Deferred taxation | (105) | 0 | (49) | ||||||||||||||||||||||
Non-current assets | (105) | 0 | (49) | ||||||||||||||||||||||
Trade, other receivables and other assets | 0 | ||||||||||||||||||||||||
Current assets | 0 | ||||||||||||||||||||||||
Non-current | 0 | ||||||||||||||||||||||||
Environmental rehabilitation and other provisions | 0 | 0 | |||||||||||||||||||||||
Deferred taxation | 23 | 0 | |||||||||||||||||||||||
Non-current liabilities | 23 | 0 | 0 | ||||||||||||||||||||||
Current | 0 | ||||||||||||||||||||||||
Trade and other payables | 0 | 0 | 0 | ||||||||||||||||||||||
Environmental rehabilitation and other provisions | 0 | 0 | 0 | ||||||||||||||||||||||
Current liabilities | 0 | 0 | 0 | ||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (128) | 0 | (49) | ||||||||||||||||||||||
Obuasi | Increase (decrease) due to corrections of prior period errors | (Accumulated losses) Retained earnings | Net deferred tax asset | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | (128) | 0 | (49) | ||||||||||||||||||||||
Obuasi | Increase (decrease) due to corrections of prior period errors | Foreign currency translation reserve | Net deferred tax asset | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | 0 | 0 | |||||||||||||||||||||||
Obuasi | Increase (decrease) due to corrections of prior period errors | Total | Net deferred tax asset | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | $ (128) | 0 | (49) | ||||||||||||||||||||||
Obuasi | Increase (decrease) due to corrections of prior period errors | Non-controlling interests | Net deferred tax asset | |||||||||||||||||||||||||
Statement of changes in equity | |||||||||||||||||||||||||
Total equity | $ 0 | $ 0 | |||||||||||||||||||||||
|
Revenue (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Mining Revenue [Line Items] | |||||
Gold income | $ 2,144 | $ 2,090 | $ 4,388 | ||
By-products | 42 | 65 | 113 | ||
Revenue from product sales | [1] | 2,186 | 2,155 | 4,501 | |
Spot market sales | |||||
Mining Revenue [Line Items] | |||||
Gold income | 2,053 | 2,090 | 4,388 | ||
Concentrate sales (1) | |||||
Mining Revenue [Line Items] | |||||
Gold income | $ 91 | $ 0 | $ 0 | ||
|
Cost of sales (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Cost of Sales [Abstract] | |||||
Cash operating costs | $ 1,316 | $ 1,205 | $ 2,554 | ||
Royalties | 91 | 88 | 185 | ||
Other cash costs | 9 | 7 | 14 | ||
Total cash costs | 1,416 | 1,300 | 2,753 | ||
Retrenchment costs | 2 | 4 | 6 | ||
Rehabilitation and other non-cash costs | 13 | (4) | 0 | ||
Amortisation of tangible assets | 261 | 245 | 555 | ||
Amortisation of right of use assets | 39 | 41 | 81 | ||
Amortisation of intangible assets | 0 | 1 | 1 | ||
Inventory change | 18 | 8 | (30) | ||
Cost of sales | [1] | 1,749 | $ 1,595 | $ 3,366 | |
Increase in cash operating costs | $ 111 | ||||
|
Impairment, derecognition of assets and (loss) profit on disposal -Narrative (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2023 |
Dec. 31, 2022 |
|
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | $ 92 | |
Córrego do Sítio | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 39 | $ 189 |
Cuiabá | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 53 | $ 70 |
AngloGold Ashanti Mineração | ||
Disclosure of information for cash-generating units [line items] | ||
Retirements, property, plant and equipment | 29 | |
Serra Grande | ||
Disclosure of information for cash-generating units [line items] | ||
Retirements, property, plant and equipment | $ 9 |
Impairment, derecognition of assets and (loss) profit on disposal (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2023 |
Dec. 31, 2022 |
|
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | $ 92 | |
Córrego do Sítio | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 39 | $ 189 |
Cuiabá | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 53 | $ 70 |
Mine Development Cost | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 26 | |
Mine Development Cost | Córrego do Sítio | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 26 | |
Mine Development Cost | Cuiabá | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 0 | |
Mine Infrastructure | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 32 | |
Mine Infrastructure | Córrego do Sítio | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 7 | |
Mine Infrastructure | Cuiabá | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 25 | |
Assets under construction | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 33 | |
Assets under construction | Córrego do Sítio | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 5 | |
Assets under construction | Cuiabá | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 28 | |
Land | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 1 | |
Land | Córrego do Sítio | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | 1 | |
Land | Cuiabá | ||
Disclosure of information for cash-generating units [line items] | ||
Total Impairment | $ 0 |
Finance costs and unwinding of obligations (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Disclosure of finance costs and unwinding of obligations [Abstract] | |||||
Finance costs - borrowings | $ 58 | $ 54 | $ 108 | ||
Finance costs - leases | 5 | 5 | 11 | ||
Unwinding of obligations | 12 | 6 | 30 | ||
Finance costs and unwinding of obligations | [1] | $ 75 | $ 65 | $ 149 | |
|
Share of associates and joint ventures' profit (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Disclosure of associates [line items] | |||||
Profit (loss) before taxation | [1] | $ 76 | $ 410 | $ 472 | |
Taxation | [1] | $ (111) | $ (94) | $ (221) | |
|
Taxation (Details) - USD ($) $ in Millions |
1 Months Ended | 6 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|
Apr. 30, 2023 |
Feb. 28, 2023 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|
Argentina tax authority | |||||
Disclosure of contingent liabilities [line items] | |||||
Loss contingency, damages sought | $ 3 | $ 6 | $ 4 | ||
Brazil tax authority | |||||
Disclosure of contingent liabilities [line items] | |||||
Loss contingency, damages sought | 26 | 22 | 23 | ||
Columbian tax authority | |||||
Disclosure of contingent liabilities [line items] | |||||
Loss contingency, damages sought | 10 | 74 | 42 | ||
Legal proceedings provision | 34 | ||||
Penalties not provided for | 10 | 9 | 8 | ||
Columbian tax authority | Taxation Paid | |||||
Disclosure of contingent liabilities [line items] | |||||
Income taxes paid (refund) | $ 3 | $ 25 | |||
Tax effect of foreign tax rates | $ 6 | ||||
Guinea tax authority | |||||
Disclosure of contingent liabilities [line items] | |||||
Loss contingency, damages sought | 8 | 8 | 8 | ||
Legal proceedings provision | 2 | 2 | 2 | ||
Mali tax authority | |||||
Disclosure of contingent liabilities [line items] | |||||
Loss contingency, damages sought | 3 | 4 | 4 | ||
Tanzania revenue authority | Provision for income tax | |||||
Disclosure of contingent liabilities [line items] | |||||
Loss contingency, damages sought | 338 | 312 | 318 | ||
Loss contingency, damages paid under protest | $ 24 | $ 25 | $ 24 |
Headline earnings - Schedule of earnings (Details) - USD ($) $ / shares in Units, $ in Millions |
6 Months Ended | 12 Months Ended | |
---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|
Disclosure of earnings per share [Abstract] | |||
Profit (loss) attributable to equity shareholders | $ (39) | $ 302 | $ 233 |
Impairment on tangible assets and right of use assets | 92 | 0 | 315 |
Taxation on impairment of tangible assets and right of use assets | (21) | 0 | (60) |
Derecognition of assets | 38 | 1 | 4 |
Taxation on derecognition of assets | 6 | 0 | 0 |
(Profit) loss on disposal of tangible assets | (4) | 1 | (4) |
Impairment (reversal) on equity-accounted investments | 1 | 0 | 1 |
Headline earnings (loss) | $ 61 | $ 304 | $ 489 |
Headline earnings (loss) per ordinary share (USD cents per share) | $ 0.14 | $ 0.72 | $ 1.16 |
Diluted headline earnings (loss) per ordinary share (USD cents per share) | $ 0.14 | $ 0.72 | $ 1.16 |
Headline earnings - Dilutive shares (Details) - shares |
6 Months Ended | 12 Months Ended | |
---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|
Disclosure of earnings per share [Abstract] | |||
Ordinary shares (in shares) | 419,107,901 | 418,045,117 | 418,260,476 |
Fully vested options (in shares) | 1,710,644 | 1,949,302 | 1,936,586 |
Weighted average number of shares (in shares) | 420,818,545 | 419,994,419 | 420,197,062 |
Dilutive potential of share options (in shares) | 0 | 68,524 | 672,804 |
Dilutive weighted average number of ordinary shares (in shares) | 420,818,545 | 420,062,943 | 420,869,866 |
Share capital and premium (Details) - USD ($) $ in Millions |
6 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||||
Share Premium [Abstract] | |||||||
Ordinary shares issued | $ 14 | $ 14 | |||||
Less held Within The Group [Abstract] | |||||||
Share capital and premium | [1],[2] | $ 7,253 | $ 7,237 | $ 7,239 | |||
|
Borrowings and lease liabilities - Schedule of borrowings (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Disclosure of borrowing costs [Abstract] | |||||
Opening balance | $ 1,983 | $ 1,909 | $ 1,909 | ||
Proceeds from borrowings | 8 | 202 | 266 | ||
Repayment of borrowings | (74) | (96) | (184) | ||
Finance costs paid on borrowings | (49) | (43) | (89) | ||
Interest charged to the income statement | 51 | 48 | 97 | ||
Deferred loan fees | (2) | (9) | (8) | ||
Translation | (4) | (6) | (8) | ||
Closing balance | 1,913 | 2,005 | 1,983 | ||
Borrowings | |||||
Non-current | [1] | 1,896 | 1,953 | 1,965 | |
Current | [1] | 17 | 52 | 18 | |
Finance costs paid on borrowings | 49 | 43 | 89 | ||
Capitalised finance cost | 0 | (1) | (2) | ||
Commitment fees, environmental guarantees fees and other | 7 | 7 | 12 | ||
Total finance costs paid | $ 56 | $ 49 | $ 99 | ||
|
Borrowings and lease liabilities - Reconciliation of lease liabilities (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Disclosure of borrowing costs [Abstract] | |||||
Opening balance | $ 186 | $ 185 | $ 185 | ||
Lease liabilities recognised | 37 | 75 | 90 | ||
Repayment of lease liabilities | (44) | (40) | (82) | ||
Finance costs paid on lease liabilities | (5) | (5) | (10) | ||
Interest charged to the income statement | 5 | 5 | 11 | ||
Change in estimate | 1 | 3 | 7 | ||
Translation | 0 | (3) | (1) | ||
Closing balance | 178 | 214 | 186 | ||
Lease liabilities | |||||
Non-current | [1] | 106 | 138 | 115 | |
Current | [1] | $ 72 | $ 76 | $ 71 | |
|
Cash generated from operations (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Statement of cash flows [abstract] | |||||
Profit (loss) before taxation | [1] | $ 76 | $ 410 | $ 472 | |
Adjusted for: | |||||
Movement on non-hedge derivatives and other commodity contracts | (2) | 0 | 6 | ||
Amortisation of tangible and right of use assets | 300 | 286 | 636 | ||
Amortisation of intangible assets | 0 | 1 | 1 | ||
Finance costs and unwinding of obligations | [1] | 75 | 65 | 149 | |
Environmental rehabilitation, silicosis and other provisions | (17) | (40) | (85) | ||
Impairment, derecognition of assets and (profit) loss on disposal | 131 | 2 | 319 | ||
Other expenses (income) | 57 | 11 | 9 | ||
Profit (loss) on sale of assets | (6) | 0 | (8) | ||
Interest income | (57) | (31) | (81) | ||
Share of associates and joint ventures’ (profit) loss | (84) | (78) | (161) | ||
Other non-cash movements | (23) | 17 | 25 | ||
Other exchange losses | 52 | 20 | 102 | ||
Movements in working capital | (186) | (133) | (140) | ||
Cash generated from operations | 316 | 530 | 1,244 | ||
(Increase) decrease in inventories | (19) | (7) | (54) | ||
(Increase) decrease in trade and other receivables | (140) | (98) | (152) | ||
Increase (decrease) in trade, other payables and provisions | (27) | (28) | 66 | ||
Movements in working capital | $ (186) | $ (133) | $ (140) | ||
|
Financial risk management activities - Fair value of financial instruments (Details) $ in Millions |
6 Months Ended | ||
---|---|---|---|
Jan. 01, 2021
oz
|
Jun. 30, 2023
USD ($)
$ / oz
|
Dec. 31, 2022
USD ($)
|
|
South African assets | Discontinued operations | |||
Disclosure of fair value measurement of assets [line items] | |||
Deferred consideration production threshold, period | 6 years | ||
Portion of consideration received consisting of deferred consideration, above production threshold (in USD per ounce) | $ / oz | 260 | ||
Consideration receivable, initial production threshold | oz | 250,000 | ||
At amortised cost | Borrowings - Rated bonds | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities, at fair value | $ 1,569 | $ 1,578 | |
Financial liabilities | 1,736 | 1,735 | |
At amortised cost | Borrowings - Revolving Credit Facilities | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities, at fair value | 177 | 248 | |
Financial liabilities | 177 | 248 | |
Level 2 | Derivative financial liability -crude oil forward contracts and gold zero cost collar contracts | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities, at fair value | 7 | 6 | |
Financial liabilities | 7 | 6 | |
Financial assets at fair value through profit or loss | Level 3 | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets, at fair value | 12 | 12 | |
Financial assets | 12 | 12 | |
Financial assets at fair value through profit or loss | Level 2 | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets, at fair value | 3 | 0 | |
Financial assets | 3 | 0 | |
Listed equity investments | Level 1 | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets, at fair value | 0 | 2 | |
Financial assets | $ 0 | $ 2 |
Financial risk management activities - Reconciliation of deferred compensation asset (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2023 |
Dec. 31, 2022 |
|
Disclosure of detailed information about financial instruments [abstract] | ||
Opening balance | $ 12 | $ 25 |
Unwinding of the deferred compensation asset | 0 | 1 |
Changes in estimates - fair value adjustments | 1 | (13) |
Translation | (1) | (1) |
Closing balance | $ 12 | $ 12 |
Capital commitments (Details) - USD ($) $ in Millions |
Jun. 30, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
---|---|---|---|
Capital commitments [abstract] | |||
Orders placed and outstanding on capital contracts at the prevailing rate of exchange | $ 180 | $ 178 | $ 246 |
Contractual commitments and contingencies - Contingencies (Details) - plaintiff |
Mar. 27, 2023 |
Apr. 02, 2013 |
---|---|---|
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract] | ||
Number of plaintiffs | 152 | |
Net smelter returns royalty | 1.50% |
New and amended standards adopted by the Group - Narrative (Details) - USD ($) $ in Millions |
6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
|||
Disclosure of reclassifications or changes in presentation [line items] | |||||
Gross profit | [1] | $ 435 | $ 560 | $ 1,129 | |
|
New and amended standards adopted by the Group (Details) - USD ($) $ in Millions |
Jun. 30, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
Dec. 31, 2021 |
|||||
---|---|---|---|---|---|---|---|---|---|
Disclosure of reclassifications or changes in presentation [line items] | |||||||||
Tangible assets | [1] | $ 4,266 | $ 4,208 | $ 4,093 | |||||
Accumulated losses and other reserves | [1] | (3,344) | (3,199) | (2,986) | |||||
Equity | 3,942 | [1] | 4,075 | [1] | 4,283 | [1] | $ 4,101 | ||
(Accumulated losses) Retained earnings | |||||||||
Disclosure of reclassifications or changes in presentation [line items] | |||||||||
Equity | (1,936) | (1,774) | (1,591) | $ (1,899) | |||||
As previously reported | |||||||||
Disclosure of reclassifications or changes in presentation [line items] | |||||||||
Tangible assets | 4,277 | 4,209 | 4,081 | ||||||
Equity | 4,081 | 4,134 | 4,273 | ||||||
As previously reported | (Accumulated losses) Retained earnings | |||||||||
Disclosure of reclassifications or changes in presentation [line items] | |||||||||
Equity | $ (1,798) | $ (1,715) | $ (1,599) | ||||||
|
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