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Summary of Operations by mine For the six months ended 31 December 2016
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
u T
on
a
West W
its
Op
era
tios
Su
rface
op
era
tion
s
So
uth
Afric
a
oth
er
To
tal S
ou
th
Afric
a
(Op
era
tion
s)
Co
rpo
rate
(5)
All-in sustaining costs
Cost of sales per financial statements 79 137 215 140 103 244 103 - 562 6
Amortisation of tangible and intangible assets (10) (25) (34) (28) (14) (42) (7) - (83) (1)
Adjusted for decommissioning amortisation - - - - - - - - - 1
Corporate administration and marketing related to current operations - - - - - - - - - 31
Inventory writedown to net realisable value and other stockpile adjustments - - - - - - - 4 4 -
Total sustaining capital expenditure 9 23 32 28 15 43 13 4 92 2
Amortisation relating to inventory - - - - - - (1) - (1) -
All-in sustaining costs 78 135 213 140 104 245 108 8 574 39
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 78 135 213 140 104 245 108 8 574 39
Adjusted for stockpile write-offs - - - - - - - (4) (4) (1)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 78 135 213 140 104 245 108 4 570 38
All-in sustaining costs 78 135 213 140 104 245 108 8 574 39
Non-sustaining Project capex - 1 1 13 - 13 - - 14 (1)
Technology improvements - - - - - - - 8 8 -
Non-sustaining exploration and study costs - - - - - - - - - 4
Corporate and social responsibility costs not related to current operations - - - - - - - - - 21
All-in costs 78 136 214 153 104 258 108 16 596 63
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - - - - - - 1
All-in costs adjusted for non-controlling interests and non-gold producing companies 78 136 214 153 104 258 108 16 596 64
Adjusted for stockpile write-offs - - - - - - - (4) (4) (1)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 78 136 214 153 104 258 108 12 592 63
Gold sold - oz (000)(3)
44 153 197 124 61 184 92 5 479 -
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,785 886 1,086 1,135 1,731 1,331 1,169 - 1,205 -
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,785 892 1,091 1,240 1,731 1,401 1,169 - 1,252 -
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. Other consists of
heap leach inventory.
(2)
Attributable costs and related expenses of associates and equity accounted joint ventures are included in the calculation of total cash costs per ounce and total production costs per ounce.
(3)
Attributable portion.
(4) 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.
(5)
Corporate includes non-gold producing subsidiaries.
December 2016 Summary of Operations by Mine 1
For the six months ended 31 December 2016
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
uT
on
a
West W
its
Op
era
tion
s
Su
rface o
pe
ratio
ns
So
uth
Afric
a o
the
r
To
tal S
ou
th A
frica
(Op
era
tion
s)
Co
rpo
rate
(5)
Total cash costs Total cash costs per financial statements 66 112 179 108 88 196 93 - 468 5
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - - - - - - - 4
Associates and equity accounted joint ventures' share of total cash costs
(2) - - - - - - - - - 1
Total cash costs adjusted for non-controlling interests and non-gold producing companies 66 112 179 108 88 196 93 - 468 10
Gold produced - oz (000) (3)
44 154 198 124 61 185 93 5 481 -
Total cash costs per unit - $/oz(4)
1,504 730 903 870 1,453 1,062 1,002 - 984 -
December 2016 Summary of Operations by Mine 2
For the six months ended 31 December 2016
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica
oth
er
TO
TA
L C
ON
TIN
EN
TA
L
AF
RIC
A
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Geita
All-in sustaining costs
Cost of sales per financial statements - 113 - 134 - - 250 1 498
Amortisation of tangible and intangible assets - (13) - (17) - - (112) - (142)
Adjusted for decommissioning amortisation - - - - - - 2 - 2
Associates and equity accounted joint ventures' share of costs
(2) 105 - - - 14 42 - - 161
Sustaining exploration and study costs - - - 1 - - 12 - 13
Total sustaining capital expenditure 20 6 - 21 1 2 73 - 123
All-in sustaining costs 125 106 - 139 15 44 225 1 655
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (21) - - - - (21)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 125 106 - 118 15 44 225 1 634
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 125 106 - 118 15 44 225 1 634
All-in sustaining costs 125 106 - 139 15 44 225 1 655
Non-sustaining Project capex 35 - 1 18 - 3 - - 57
Non-sustaining exploration and study costs 1 - 1 - - - - (1) 1
Care and maintenance costs - - 33 - - - - - 33
Corporate and social responsibility costs not related to current operations - - 1 - - - - - 1
All-in costs 161 106 36 157 15 47 225 - 747
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (24) - - - - (24)
All-in costs adjusted for non-controlling interests and non-gold producing companies 161 106 36 133 15 47 225 - 723
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 161 106 36 133 15 47 225 - 723
Gold sold - oz (000)(3)
141 112 1 118 9 35 256 - 672
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 887 940 - 1,008 1,702 1,264 919 - 958
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,137 940 - 1,134 1,702 1,364 919 - 1,092
December 2016 Summary of Operations by Mine 3
For the six months ended 31 December 2016
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica O
the
r
TO
TA
L C
ON
TIN
EN
TA
L A
FR
ICA
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Geita
Total cash costs
Total cash costs per financial statements - 102 - 135 - - 140 - 377
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - (20) - - - - (20)
Associates and equity accounted joint ventures' share of total cash costs
(2) 104 - - - 12 40 - - 156
Total cash costs adjusted for non-controlling interests and non-gold producing companies
104 102 - 115 12 40 140 - 513
Gold produced - oz (000) (3)
150 115 - 134 9 34 260 - 702
Total cash costs per unit - $/oz(4)
693 888 - 857 1,330 1,166 562 - 742
December 2016 Summary of Operations by Mine 4
For the six months ended 31 December 2016
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
Au
stra
lia
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL
Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld
Ash
an
ti
Min
era
cao
Serra
Gra
nd
e
All-in sustaining costs
Cost of sales per financial statements 130 145 11 286 136 202 71 2 411
Amortisation of tangible and intangible assets (20) (52) (6) (78) (43) (72) (26) - (141)
Adjusted for decommissioning amortisation - 1 - 1 1 1 - (1) 1
Inventory writedown to net realisable value and other stockpile adjustments - - 8 8 - - - - -
Sustaining exploration and study costs 2 6 4 12 1 - 4 4 9
Total sustaining capital expenditure 18 53 (1) 70 40 69 23 2 134
All-in sustaining costs 130 153 16 299 135 200 72 7 414
Adjusted for non-controlling interests and non -gold producing companies
(1) - - 4 4 (10) - - (4) (14)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 130 153 20 303 125 200 72 3 400
Adjusted for stockpile write-offs - - (8) (8) (4) - - - (4)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 130 153 12 295 121 200 72 3 396
All-in sustaining costs 130 153 16 299 135 200 72 7 414
Non-sustaining Project capex - - - - - 1 - - 1
Non-sustaining exploration and study costs - - 4 4 - 5 1 18 24
Corporate and social responsibility costs not related to current operations - - - - - 7 1 1 9
All-in costs 130 153 20 303 135 213 74 26 448
Adjusted for non-controlling interests and non -gold producing companies
(1) - - 4 4 (10) - - (1) (11)
All-in costs adjusted for non-controlling interests and non-gold producing companies 130 153 24 307 125 213 74 25 437
Adjusted for stockpile write-offs - - (8) (8) (4) - - - (4)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 130 153 16 299 121 213 74 25 433
Gold sold - oz (000)(3)
112 153 - 266 149 212 66 - 427
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,151 999 - 1,115 819 948 1,095 - 929
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,151 999 - 1,131 821 1,008 1,119 - 1,025
December 2016 Summary of Operations by Mine 5
For the six months ended 31 December 2016
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
AU
ST
RA
LIA
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld A
sh
an
ti
Min
era
cao
Serra
Gra
nd
e
Total cash costs
Total cash costs per financial statements 113 87 6 206 92 129 46 - 267
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - - (7) - - - (7)
Total cash costs adjusted for non-controlling interests and non-gold producing companies
113 87 6 206 85 129 46 - 260
Gold produced - oz (000) (3)
114 155 - 269 146 219 67 - 431
Total cash costs per unit - $/oz(4)
994 565 - 781 582 589 681 - 604
December 2016 Summary of Operations by Mine 6
For the six months ended 31 December 2015
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
K
ho
tso
ng
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
u T
on
a
West W
its
Op
era
tion
s
Su
rface
op
era
tion
s
So
uth
Afric
a
oth
er
To
tal S
ou
th
Afric
a
(Op
era
tion
s)
Co
rpo
rate
(5)
All-in sustaining costs
Cost of sales per financial statements 70 126 196 125 111 236 93 - 525 1
Amortisation of tangible and intangible assets (11) (21) (32) (26) (18) (44) (8) - (84) (3)
Corporate administration and marketing related to current operations - - - - - - - - - 31
Inventory writedown to net realisable value and other stockpile adjustments - - - - - - - - - (1)
Total sustaining capital expenditure 10 25 36 30 15 45 9 7 96 2
All-in sustaining costs 69 130 200 129 108 237 94 7 537 30
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - - - - - - 8
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 69 130 200 129 108 237 94 7 537 38
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 69 130 200 129 108 237 94 7 537 38
All-in sustaining costs 69 130 200 129 108 237 94 7 537 30
Non-sustaining Project capex - 1 1 13 - 13 - - 14 -
Technology improvements - - - - - - - 8 8 -
Non-sustaining exploration and study costs - - - - - - - - - 5
Corporate and social responsibility costs not related to current operations - - - - - - - - - 11
All-in costs 69 131 201 142 108 250 94 15 559 46
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - - - - - - 8
All-in costs adjusted for non-controlling interests and non-gold producing companies 69 131 201 142 108 250 94 15 559 54
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 69 131 201 142 108 250 94 15 559 54
Gold sold - oz (000)(3)
55 125 180 116 105 221 97 7 505 -
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,255 1,039 1,105 1,109 1,028 1,070 984 - 1,079 -
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,255 1,045 1,110 1,220 1,028 1,128 984 - 1,122 -
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. Other consists of
heap leach inventory.
(2)
Attributable costs and related expenses of associates and equity accounted joint ventures are included in the calculation of total cash costs per ounce and total production costs per ounce.
(3)
Attributable portion.
(4) 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.
(5)
Corporate includes non-gold producing subsidiaries.
December 2016 Summary of Operations by Mine 7
For the six months ended 31 December 2015
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
uT
on
a
West W
its
Op
era
tion
s
Su
rface o
pe
ratio
ns
So
uth
Afric
a o
the
r
To
tal S
ou
th A
frica
(Op
era
tion
s)
Co
rpo
rate
(5)
Total cash costs
Total cash costs per financial statements 58 100 157 96 91 188 86 1 432 (2)
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - - - - - - - 6
Associates and equity accounted joint ventures' share of total cash costs
(2) - - - - - - - - - -
Total cash costs adjusted for non-controlling interests and non-gold producing companies
58 100 157 96 91 188 86 1 432 4
Gold produced - oz (000) (3)
55 125 180 116 105 221 96 7 505 -
Total cash costs per unit - $/oz(4)
1,038 800 873 832 867 849 898 - 867 -
December 2016 Summary of Operations by Mine 8
For the six months ended 31 December 2015
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica o
the
r
TO
TA
L C
ON
TIN
EN
TA
L
AF
RIC
A
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Yate
la
Geita
All-in sustaining costs
Cost of sales per financial statements - 112 30 128 - - - 204 1 475
Amortisation of tangible and intangible assets - (19) (12) (13) - - - (81) - (125)
Adjusted for decommissioning amortisation - - 2 1 - - - 1 1 5
Associates and equity accounted joint ventures' share of costs
(2) 92 - - - 14 27 - - - 133
Inventory writedown to net realisable value and other stockpile adjustments - - - - 2 - - 3 - 5
Sustaining exploration and study costs - 1 6 2 - - - 5 1 15
Total sustaining capital expenditure 3 8 2 18 2 3 - 66 - 102
All-in sustaining costs 95 102 28 136 18 30 - 198 3 610
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (21) - - - - - (21)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 95 102 28 115 18 30 - 198 3 589
Adjusted for stockpile write-offs - (7) - - (2) - - (3) - (12)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 95 95 28 115 16 30 - 195 3 577
All-in sustaining costs 95 102 28 136 18 30 - 198 3 610
Non-sustaining Project capex 59 - 10 - - - - - - 69
Non-sustaining exploration and study costs 1 - - 1 - - - - - 2
Care and maintenance costs - - 32 - - - - - - 32
Corporate and social responsibility costs not related to current operations - - 1 - - - - - - 1
All-in costs 155 102 71 137 18 30 - 198 3 714
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (21) - - - - - (21)
All-in costs adjusted for non-controlling interests and non-gold producing companies 155 102 71 116 18 30 - 198 3 693
Adjusted for stockpile write-offs - (7) - - (2) - - (3) - (12)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 155 95 71 116 16 30 - 195 3 681
Gold sold - oz (000)(3)
141 99 25 120 14 33 - 269 - 702
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 673 952 1,151 972 1,084 935 - 727 - 822
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,099 952 2,837 978 1,084 938 - 727 - 969
December 2016 Summary of Operations by Mine 9
For the six months ended 31 December 2015
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica O
the
r
TO
TA
L C
ON
TIN
EN
TA
L A
FR
ICA
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Yate
la
Geita
Total cash costs
Total cash costs per financial statements - 101 25 118 - - - 131 - 375
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - (18) - - - - - (18)
Associates and equity accounted joint ventures' share of total cash costs
(2) 89 - - - 15 26 - - - 130
Total cash costs adjusted for non-controlling interests and non-gold producing companies
89 101 25 100 15 26 - 131 - 487
Gold produced - oz (000) (3)
141 105 21 123 14 33 - 277 - 716
Total cash costs per unit - $/oz(4)
631 960 1,176 816 1,007 795 - 474 - 681
December 2016 Summary of Operations by Mine 10
For the six months ended 31 December 2015
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
Au
stra
lia
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL
Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
V
an
gu
ard
ia
An
glo
Go
ld
Ash
an
ti M
ine
racao
Serra
Gra
nd
e
All-in sustaining costs
Cost of sales per financial statements 115 138 9 262 129 176 70 3 378
Amortisation of tangible and intangible assets (12) (43) (2) (57) (36) (69) (31) - (136)
Adjusted for decommissioning amortisation - 1 1 2 1 - - (1) -
Corporate administration and marketing related to current operations - - - - - 1 - - 1
Inventory writedown to net realisable value and other stockpile adjustments - - - - - - 1 1 2
Sustaining exploration and study costs 1 6 2 9 2 1 1 6 10
Total sustaining capital expenditure 14 22 - 36 33 50 16 1 100
All-in sustaining costs 118 124 10 252 129 159 57 10 355
Adjusted for non-controlling interests and non -gold producing companies
(1) - - 1 1 (10) - - (5) (15)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 118 124 11 253 119 159 57 5 340
Adjusted for stockpile write-offs - - - - - - (3) - (3)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 118 124 11 253 119 159 54 5 337
All-in sustaining costs 118 124 10 252 129 159 57 10 355
Non-sustaining Project capex - - - - - - - 1 1
Non-sustaining exploration and study costs - - 4 4 - 1 - 23 24
Corporate and social responsibility costs not related to current operations - - - - - 4 1 - 5
All-in costs 118 124 14 256 129 164 58 34 385
Adjusted for non-controlling interests and non -gold producing companies
(1) - - 1 1 (10) - - - (10)
All-in costs adjusted for non-controlling interests and non-gold producing companies 118 124 15 257 119 164 58 34 375
Adjusted for stockpile write-offs - - - - - - (3) - (3)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 118 124 15 257 119 164 55 34 372
Gold sold - oz (000)(3)
106 182 - 288 143 238 71 - 452
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,118 684 - 873 839 671 765 - 745
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,118 684 - 886 840 689 778 - 832
December 2016 Summary of Operations by Mine 11
For the six months ended 31 December 2015
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
AU
ST
RA
LIA
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld A
sh
an
ti M
ine
racao
Serra
Gra
nd
e
Total cash costs
Total cash costs per financial statements 100 90 5 195 94 110 40 3 247
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - 1 1 (7) - - - (7)
Associates and equity accounted joint ventures' share of total cash costs
(2) - - - - - - - - -
Total cash costs adjusted for non-controlling interests and non-gold producing companies
100 90 6 196 87 110 40 3 240
Gold produced - oz (000) (3)
102 177 - 278 143 240 71 - 454
Total cash costs per unit - $/oz(4)
983 507 - 704 609 458 567 - 529
December 2016 Summary of Operations by Mine 12
For the year ended 31 December 2016
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
u T
on
a
West W
its
Op
era
tion
s
Su
rface
op
era
tion
s
So
uth
Afric
a
oth
er
To
tal S
ou
th
Afric
a
(Op
era
tion
s)
Co
rpo
rate
(5)
All-in sustaining costs
Cost of sales per financial statements 144 255 400 259 198 457 185 (1) 1,041 5
Amortisation of tangible and intangible assets (20) (49) (69) (55) (28) (83) (14) - (166) (5)
Adjusted for decommissioning amortisation - - - - - - - 1 1 (1)
Corporate administration and marketing related to current operations - - - - - - - - - 59
Inventory writedown to net realisable value and other stockpile adjustments - - - - - - - 5 5 (1)
Total sustaining capital expenditure 16 41 57 52 25 77 17 5 156 4
Amortisation relating to inventory - - - - - - (2) - (2) -
All-in sustaining costs 140 247 388 256 195 451 186 10 1,035 61
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 140 247 388 256 195 451 186 10 1,035 61
Adjusted for stockpile write-offs - - - - - - - (5) (5) -
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 140 247 388 256 195 451 186 5 1,030 61
All-in sustaining costs 140 247 388 256 195 451 186 10 1,035 61
Non-sustaining Project capex - 2 2 24 - 24 - (1) 25 -
Technology improvements - - - - - - - 14 14 (1)
Non-sustaining exploration and study costs - - - - - - - - - 6
Corporate and social responsibility costs not related to current operations - - - - - - - - - 25
All-in costs 140 249 390 280 195 475 186 23 1,074 91
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - - - - - - (1)
All-in costs adjusted for non-controlling interests and non-gold producing companies 140 249 390 280 195 475 186 23 1,074 90
Adjusted for stockpile write-offs - - - - - - - (5) (5) -
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 140 249 390 280 195 475 186 18 1,069 90
Gold sold - oz (000)(3)
91 279 369 253 146 398 185 10 964 -
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,555 884 1,049 1,011 1,345 1,133 1,004 - 1,081 -
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,555 890 1,053 1,105 1,345 1,193 1,004 - 1,122 -
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. Other consists
of heap leach inventory.
(2)
Attributable costs and related expenses of associates and equity accounted joint ventures are included in the calculation of total cash costs per ounce and total production costs per ounce.
(3)
Attributable portion.
(4) 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.
(5)
Corporate includes non-gold producing subsidiaries.
December 2016 Summary of Operations by Mine 13
For the year ended 31 December 2016
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
uT
on
a
West W
its
Op
era
tion
s
Su
rface o
pe
ratio
ns
So
uth
Afric
a o
the
r
To
tal S
ou
th A
frica
(Op
era
tion
s)
Co
rpo
rate
(5)
Total cash costs
Total cash costs per financial statements 121 204 325 198 167 365 167 - 857 1
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - - - - - - - 8
Total cash costs adjusted for non-controlling interests and non-gold producing companies
121 204 325 198 167 365 167 - 857 10
Gold produced - oz (000) (3)
91 280 371 254 146 399 186 10 967 -
Total cash costs per unit - $/oz(4)
1,324 729 875 779 1,148 914 899 - 896 -
December 2016 Summary of Operations by Mine 14
For the year ended 31 December 2016
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica o
the
r
TO
TA
L C
ON
TIN
EN
TA
L
AF
RIC
A
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Yate
la
Geita
All-in sustaining costs
Cost of sales per financial statements - 219 1 257 - - - 447 2 926
Amortisation of tangible and intangible assets - (23) - (31) - - - (195) (3) (252)
Adjusted for decommissioning amortisation - - - 1 - - - 3 - 4
Associates and equity accounted joint ventures' share of costs
(2) 197 - - - 27 71 - - - 295
Inventory writedown to net realisable value and other stockpile adjustments - - - - 1 - - - - 1
Sustaining exploration and study costs - - - 3 - 1 - 27 - 31
Total sustaining capital expenditure 32 8 - 38 1 3 - 119 - 201
All-in sustaining costs 229 204 1 268 29 75 - 401 (1) 1,206
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (40) - - - - - (40)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 229 204 1 228 29 75 - 401 (1) 1,166
Adjusted for stockpile write-offs - - - - (1) - - - - (1)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 229 204 1 228 28 75 - 401 (1) 1,165
All-in sustaining costs 229 204 1 268 29 75 - 401 (1) 1,206
Non-sustaining Project capex 60 - 6 21 - 3 - - - 90
Non-sustaining exploration and study costs 1 - 4 - - - - - - 5
Care and maintenance costs - - 70 - - - - - - 70
All-in costs 290 204 81 289 29 78 - 401 (1) 1,371
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (43) - - - - - (43)
All-in costs adjusted for non-controlling interests and non-gold producing companies 290 204 81 246 29 78 - 401 (1) 1,328
Adjusted for stockpile write-offs - - - - (1) - - - - (1)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 290 204 81 246 28 78 - 401 (1) 1,327
Gold sold - oz (000)(3)
256 215 3 249 21 70 - 486 - 1,299
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 893 950 440 915 1,337 1,066 - 844 - 904
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,132 950 29,420 985 1,337 1,116 - 844 - 1,030
December 2016 Summary of Operations by Mine 15
For the year ended 31 December 2016
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica O
the
r
TO
TA
L C
ON
TIN
EN
TA
L A
FR
ICA
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Yate
la
Geita
Total cash costs
Total cash costs per financial statements - 194 1 239 - - - 253 - 687
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - (36) - - - - - (36)
Associates and equity accounted joint ventures' share of total cash costs
(2) 195 - - - 24 70 - - - 289
Total cash costs adjusted for non-controlling interests and non-gold producing companies
195 194 1 203 24 70 - 253 - 940
Gold produced - oz (000) (3)
264 214 3 260 22 70 - 489 - 1,321
Total cash costs per unit - $/oz(4)
740 908 167 784 1,123 991 - 530 - 717
December 2016 Summary of Operations by Mine 16
For the year ended 31 December 2016
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
Au
stra
lia
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL
Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld
Ash
an
ti
Min
era
cao
Serra
Gra
nd
e
All-in sustaining costs
Cost of sales per financial statements 242 277 21 540 250 364 134 4 752
Amortisation of tangible and intangible assets (32) (83) (11) (126) (77) (132) (51) - (260)
Adjusted for decommissioning amortisation 1 2 - 3 1 1 - - 2
Corporate administration and marketing related to current operations - - - - - 1 - (1) -
Inventory writedown to net realisable value and other stockpile adjustments - - 8 8 - - - - -
Sustaining exploration and study costs 2 12 7 21 2 2 7 7 18
Total sustaining capital expenditure 32 76 1 109 59 121 43 2 225
All-in sustaining costs 245 284 26 555 235 357 133 12 737
Adjusted for non-controlling interests and non -gold producing companies
(1) - - 8 8 (17) - - (9) (26)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 245 284 34 563 218 357 133 3 711
Adjusted for stockpile write-offs - - (8) (8) (4) - (1) 1 (4)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 245 284 26 555 214 357 132 4 707
All-in sustaining costs 245 284 26 555 235 357 133 12 737
Non-sustaining Project capex - - - - - 1 - - 1
Non-sustaining exploration and study costs - - 7 7 - 6 1 31 38
Corporate and social responsibility costs not related to current operations - - - - - 11 3 1 15
All-in costs 245 284 33 562 235 375 137 44 791
Adjusted for non-controlling interests and non -gold producing companies
(1) - - 8 8 (17) - - (1) (18)
All-in costs adjusted for non-controlling interests and non-gold producing companies 245 284 41 570 218 375 137 43 773
Adjusted for stockpile write-offs - - (8) (8) (4) - (1) 1 (4)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 245 284 33 562 214 375 136 44 769
Gold sold - oz (000)(3)
226 293 - 519 277 401 130 - 808
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,080 970 - 1,067 773 893 1,020 - 875
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,080 970 - 1,081 774 938 1,044 - 959
`
December 2016 Summary of Operations by Mine 17
For the year ended 31 December 2016
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
AU
ST
RA
LIA
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld A
sh
an
ti
Min
era
cao
Serra
Gra
nd
e
Total cash costs
Total cash costs per financial statements 211 184 9 404 171 229 83 3 486
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - - (13) - - - (13)
Total cash costs adjusted for non-controlling interests and non-gold producing companies
211 184 9 404 158 229 83 3 473
Gold produced - oz (000) (3)
228 292 - 519 281 407 131 - 820
Total cash costs per unit - $/oz(4)
926 630 - 793 563 562 634 - 578
December 2016 Summary of Operations by Mine 18
For the year ended 31 December 2015
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
u T
on
a
West W
its
Op
era
tion
s
Su
rface
op
era
tion
s
So
uth
Afric
a
oth
er
To
tal S
ou
th
Afric
a
(Op
era
tion
s)
Co
rpo
rate
(5)
All-in sustaining costs
Cost of sales per financial statements 148 260 408 251 230 481 194 - 1,083 (2)
Amortisation of tangible and intangible assets (24) (47) (71) (53) (40) (93) (17) - (181) (9)
Corporate administration and marketing related to current operations - - - - - - - - - 77
Inventory writedown to net realisable value and other stockpile adjustments - - - - - - - 1 1 (1)
Total sustaining capital expenditure 21 46 66 59 28 87 17 8 178 3
All-in sustaining costs 145 259 403 257 218 475 194 9 1,081 68
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - - - - - - 8
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 145 259 403 257 218 475 194 9 1,081 76
Adjusted for stockpile write-offs - - - - - - - (1) (1) -
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 145 259 403 257 218 475 194 8 1,080 76
All-in sustaining costs 145 259 403 257 218 475 194 9 1,081 68
Non-sustaining Project capex - 2 2 26 - 26 - - 28 -
Technology improvements - - - - - - - 15 15 -
Non-sustaining exploration and study costs - - - - - - - - - 11
Corporate and social responsibility costs not related to current operations - - - - - - - - - 17
All-in costs 145 261 405 283 218 501 194 24 1,124 96
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - - - - - - 8
All-in costs adjusted for non-controlling interests and non-gold producing companies 145 261 405 283 218 501 194 24 1,124 104
Adjusted for stockpile write-offs - - - - - - - (1) (1) -
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 145 261 405 283 218 501 194 23 1,123 104
Gold sold - oz (000)(3)
118 254 371 219 209 428 193 12 1,005 -
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,226 1,018 1,084 1,170 1,044 1,108 1,006 - 1,088 -
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,226 1,024 1,088 1,290 1,044 1,170 1,006 - 1,131 -
(1) Adjusting for non-controlling interest of items included in calculation, to disclose the attributable portions only. Other consists
of heap leach inventory.
(2)
Attributable costs and related expenses of associates and equity accounted joint ventures are included in the calculation of total cash costs per ounce and total production costs per ounce.
(3)
Attributable portion.
(4) 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.
(5)
Corporate includes non-gold producing subsidiaries.
December 2016 Summary of Operations by Mine 19
For the year ended 31 December 2015
Operations in South Africa
(in $ millions, except as otherwise noted)
Ko
pa
nan
g
Mo
ab
Kh
ots
on
g
Vaal R
iver
Op
era
tion
s
Mp
on
en
g
Ta
uT
on
a
West W
its
Op
era
tion
s
Su
rface o
pe
ratio
ns
So
uth
Afric
a o
the
r
To
tal S
ou
th A
frica
(Op
era
tion
s)
Co
rpo
rate
(5)
Total cash costs
Total cash costs per financial statements 119 202 322 191 185 376 176 - 874 (9)
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - - - - - - - 9
Total cash costs adjusted for non-controlling interests and non-gold producing companies
119 202 322 191 185 376 176 - 874 -
Gold produced - oz (000) (3)
117 254 371 219 209 428 193 12 1,004 -
Total cash costs per unit - $/oz(4)
1,014 798 867 874 883 879 912 - 881 -
December 2016 Summary of Operations by Mine 20
For the year ended 31 December 2015
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica o
the
r
TO
TA
L C
ON
TIN
EN
TA
L
AF
RIC
A
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Geita
All-in sustaining costs
Cost of sales per financial statements - 219 64 280 - - 404 2 969
Amortisation of tangible and intangible assets - (32) (22) (26) - - (148) (2) (230)
Adjusted for decommissioning amortisation - - 4 2 - - 3 - 9
Associates and equity accounted joint ventures' share of costs
(2) 179 - - - 35 56 - - 270
Inventory writedown to net realisable value and other stockpile adjustments - 2 - - 2 - 3 - 7
Sustaining exploration and study costs - 1 16 6 - - 7 1 31
Total sustaining capital expenditure 7 15 3 29 5 4 116 1 180
All-in sustaining costs 186 205 65 291 42 60 385 2 1,236
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (44) - - - - (44)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 186 205 65 247 42 60 385 2 1,192
Adjusted for stockpile write-offs - (12) - - (2) - (3) - (17)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 186 193 65 247 40 60 382 2 1,175
All-in sustaining costs 186 205 65 291 42 60 385 2 1,236
Non-sustaining Project capex 117 - 20 - - (2) - - 135
Non-sustaining exploration and study costs 1 - - 1 - - - - 2
Care and maintenance costs - - 67 - - - - - 67
Corporate and social responsibility costs not related to current operations - - 1 - - - - - 1
All-in costs 304 205 153 292 42 58 385 2 1,441
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - (44) - - - - (44)
All-in costs adjusted for non-controlling interests and non-gold producing companies 304 205 153 248 42 58 385 2 1,397
Adjusted for stockpile write-offs - (12) - - (2) - (3) - (17)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 304 193 153 248 40 58 382 2 1,380
Gold sold - oz (000)(3)
290 190 56 256 49 69 531 - 1,441
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 642 1,020 1,185 965 815 886 717 - 815
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,051 1,020 2,750 969 815 852 717 - 957
December 2016 Summary of Operations by Mine 21
For the year ended 31 December 2015
Operations in DRC, Ghana, Guinea, Mali and Tanzania
(in $ millions, except as otherwise noted)
DR
C
GH
AN
A
GU
INE
A
MA
LI
TA
NZ
AN
IA
Co
ntin
en
tal A
frica O
the
r
TO
TA
L C
ON
TIN
EN
TA
L A
FR
ICA
Kib
ali
Idu
ap
riem
Ob
uasi
Sig
uiri
Mo
rila
Sad
iola
Geita
Total cash costs
Total cash costs per financial statements - 192 51 248 - - 253 (1) 743
Adjusted for non-controlling interests, non-gold producing companies and other
(1) - - - (37) - - - - (37)
Associates and equity accounted joint ventures' share of total cash costs
(2) 176 - - - 34 57 - - 267
Total cash costs adjusted for non-controlling interests and non-gold producing companies
176 192 51 211 34 57 253 (1) 973
Gold produced - oz (000) (3)
289 193 53 255 49 69 527 - 1,435
Total cash costs per unit - $/oz(4)
609 995 966 827 698 818 480 - 678
December 2016 Summary of Operations by Mine 22
For the year ended 31 December 2015
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
Au
stra
lia
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL
Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld
Ash
an
ti
Min
era
cao
Serra
Gra
nd
e
All-in sustaining costs
Cost of sales per financial statements 239 266 20 525 244 335 137 3 719
Amortisation of tangible and intangible assets (25) (88) (4) (117) (58) (125) (57) - (240)
Adjusted for decommissioning amortisation - 3 - 3 1 - - - 1
Corporate administration and marketing related to current operations - - - - - 1 - - 1
Inventory writedown to net realisable value and other stockpile adjustments - - - - - 1 3 1 5
Sustaining exploration and study costs 1 8 6 15 3 2 2 9 16
Total sustaining capital expenditure 29 48 1 78 67 89 33 1 190
All-in sustaining costs 244 237 23 504 257 303 118 14 692
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - (19) - - (9) (28)
All-in sustaining costs adjusted for non-controlling interests and non-gold producing companies 244 237 23 504 238 303 118 5 664
Adjusted for stockpile write-offs - - - - - (1) (4) - (5)
All-in sustaining costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 244 237 23 504 238 302 114 5 659
All-in sustaining costs 244 237 23 504 257 303 118 14 692
Non-sustaining Project capex - - - - - - - 6 6
Non-sustaining exploration and study costs - - 6 6 - 2 - 41 43
Corporate and social responsibility costs not related to current operations - - - - - 7 - 1 8
All-in costs 244 237 29 510 257 312 118 62 749
Adjusted for non-controlling interests and non -gold producing companies
(1) - - - - (19) - - - (19)
All-in costs adjusted for non-controlling interests and non-gold producing companies 244 237 29 510 238 312 118 62 730
Adjusted for stockpile write-offs - - - - - (1) (4) - (5)
All-in costs adjusted for non-controlling interests, non-gold producing companies and stockpile write-offs 244 237 29 510 238 311 114 62 725
Gold sold - oz (000)(3)
221 354 - 575 273 423 133 - 829
All-in sustaining cost (excluding stockpile write-offs) per unit - $/oz
(4) 1,110 671 - 875 873 712 861 - 792
All-in cost per unit (excluding stockpile write-offs) - $/oz
(4) 1,110 671 - 886 874 733 865 - 885
`
December 2016 Summary of Operations by Mine 23
For the year ended 31 December 2015
Operations in Australia, Argentina and Brazil
(in $ millions, except as otherwise noted)
AU
ST
RA
LIA
TO
TA
L A
US
TR
AL
IA
AR
GE
NT
INA
BR
AZ
IL Am
eric
as o
the
r
TO
TA
L A
ME
RIC
AS
Su
nris
e D
am
Tro
pic
an
a
Au
stra
lia o
the
r
Cerro
Van
gu
ard
ia
An
glo
Go
ld A
sh
an
ti
Min
era
cao
Serra
Gra
nd
e
Total cash costs
Total cash costs per financial statements 210 169 14 393 188 218 84 2 492
Adjusted for non-controlling interests, non-gold producing companies and other
(1)
- - - - (14) - - - (14)
Total cash costs adjusted for non-controlling interests and non-gold producing companies
210 169 14 393 174 218 84 2 478
Gold produced - oz (000) (3)
216 344 - 560 278 421 132 - 831
Total cash costs per unit - $/oz(4)
970 492 - 702 625 518 635 - 576
December 2016 Summary of Operations by Mine 24
