AngloGold Ashanti 6-K 6 Aug 24 2024 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Cover [Abstract]
Document type	6-K
Entity registrant name	AngloGold Ashanti plc
Amendment flag	false
Document period end date	Jun. 30, 2024
Document fiscal year focus	2024
Document fiscal period focus	Q2
Entity central index key	0001973832
Current fiscal year end date	--12-31

Group - Income Statement

Group - Income Statement - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Profit or loss [abstract]
Revenue from product sales		$ 2,552	$ 2,186
Cost of sales		(1,762)	(1,749)
(Loss) gain on non-hedge derivatives and other commodity contracts		(41)	(2)
Gross profit (loss)		749	435
Corporate administration, marketing and related expenses		(66)	(44)
Exploration and evaluation costs		(105)	(112)
Impairment, derecognition of assets and profit (loss) on disposal		(1)	(126)
Other (expenses) income		(72)	(68)
Finance income		89	57
Foreign exchange and fair value adjustments		(25)	(75)
Finance costs and unwinding of obligations		(84)	(75)
Share of associates and joint ventures’ profit (loss)		95	84
Profit (loss) before taxation		580	76
Taxation		(259)	(111)
Profit (loss) for the period		321	(35)
Attributable to:
Equity shareholders		311	(39)
Non-controlling interests		$ 10	$ 4
Earnings per share [abstract]
Basic earnings (loss) per ordinary share (USD per share)	[1]	$ 0.74	$ (0.09)
Diluted earnings (loss) per ordinary share (USD per share)	[2]	$ 0.74	$ (0.09)
[1] Calculated on the basic weighted average number of ordinary shares. Calculated on the diluted weighted average number of ordinary shares.

Group - Statement of Comprehens

Group - Statement of Comprehensive Income - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of comprehensive income [abstract]
Profit (loss) for the period	$ 321	$ (35)
Items that will be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations	(10)	(10)
Items that will not be reclassified subsequently to profit or loss:
Exchange differences on translation of non-foreign operations	0	(9)
Net gain (loss) on equity investments	9	(2)
Other comprehensive income that will not be reclassified to profit or loss	9	(11)
Other comprehensive income (loss) for the period, net of tax	(1)	(21)
Total comprehensive income (loss) for the period, net of tax	320	(56)
Attributable to:
Equity shareholders	310	(60)
Non-controlling interests	$ 10	$ 4

Group - Statement of Financial

Group - Statement of Financial Position - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Non-current assets
Tangible assets		$ 4,596	$ 4,419
Right of use assets		139	142
Intangible assets		105	107
Investments in associates and joint ventures		660	599
Other investments		28	1
Loan receivable		290	358
Inventories		21	2
Trade, other receivables and other assets		228	254
Reimbursive right for post-retirement benefits		37	35
Deferred taxation		16	50
Cash restricted for use		34	34
Total Non-current assets		6,154	6,001
Current assets
Loan receivable		145	148
Inventories		774	829
Trade, other receivables and other assets	[1]	280	199
Cash restricted for use		16	34
Cash and cash equivalents		998	964
Total Current assets		2,213	2,174
Total assets		8,367	8,175
EQUITY AND LIABILITIES
Share capital and premium		433	420
Accumulated losses and other reserves		3,523	3,291
Shareholders’ equity		3,956	3,711
Non-controlling interests		39	29
Total equity		3,995	3,740
Non-current liabilities
Borrowings		1,934	2,032
Lease liabilities		87	98
Environmental rehabilitation and other provisions	[2]	634	636
Provision for pension and post-retirement benefits		67	64
Trade and other payables		5	5
Deferred taxation		435	395
Total Non-current liabilities		3,162	3,230
Current liabilities
Borrowings		201	207
Lease liabilities		77	73
Environmental rehabilitation provisions	[2]	112	80
Trade and other payables		720	772
Taxation		85	64
Bank overdraft		15	9
Total Current liabilities		1,210	1,205
Total liabilities		4,372	4,435
Total equity and liabilities		$ 8,367	$ 8,175
[1] The increase in trade, other receivables and other assets is mainly as a result of an increase in prepayments, recoverable taxes and trade receivables. The increase in environmental rehabilitation and other provisions in total is mainly as a result of an increase in the closure provisions at Brazil due to the finalisation of the design review for the de- characterisation of the tailings storage facilities at Serra Grande ( $41m ) and the tailings pile reinforcement at Córrego do Sítio (“CdS”) ( $17m ), partly offset by provisions utilised ( $13m ) and a change in estimate at Obuasi ( $20m ).

Group - Statement of Cash Flows

Group - Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended				12 Months Ended
	Jun. 30, 2024		Jun. 30, 2023		Dec. 31, 2023
Cash flows from operating activities
Cash generated from operations	$ 735		$ 316
Dividends received from joint ventures	36		37
Taxation paid	(99)		(60)
Net cash inflow (outflow) from operating activities	672		293
Cash flows from investing activities
Capital expenditure on tangible and intangible assets	(490)		(453)
Dividends from associates and other investments	0		6
Proceeds from disposal of tangible assets	1		6
Deferred compensation received	5		0
Other investments and assets acquired	(18)		0
Loans advanced	(1)		(1)
Decrease (increase) in cash restricted for use	16		(1)
Interest received	60		49
Repayment of loans advanced to joint ventures	90		0
Net cash inflow (outflow) from investing activities	(337)		(394)
Cash flows from financing activities
Proceeds from borrowings	320		8		$ 343
Repayment of borrowings	(420)		(74)		(87)
Repayment of lease liabilities	(43)		(44)		(94)
Finance costs - borrowings	(63)		(56)		(111)
Finance costs - leases	(5)		(5)		(11)
Other borrowing costs	0		(1)
Dividends paid	(80)		(76)
Net cash inflow (outflow) from financing activities	(291)		(248)
Net increase (decrease) in cash and cash equivalents	44		(349)
Translation	(16)		(40)
Cash and cash equivalents at beginning of period	955		1,106		1,106
Cash and cash equivalents at end of period	$ 983	[1]	$ 717	[1]	$ 955
[1] Cash and cash equivalents at the end of the period is net of a bank overdraft of $15 m (Jun 2023: $5m ).

Group - Statement of Changes in

Group - Statement of Changes in Equity - USD ($) $ in Millions		Total	Total	Share capital and premium	Reorganisation reserve	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, 2022		$ 4,075	$ 4,040	$ 0	$ 7,239	$ 81	$ (1,774)	$ (52)	$ (13)	$ (1,441)		$ 35
Profit (loss) for the period		(35)	(39)				(39)					4
Other comprehensive income (loss)		(21)	(21)					(2)		(19)
Total comprehensive income (loss) for the period, net of tax		(56)	(60)				(39)	(2)		(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	[2]	3,942	3,909	0	7,253	68	(1,936)	(4)	(12)	(1,460)		33
Equity at beginning of period at Dec. 31, 2023		3,740	3,711	420	6,815	76	(2,148)	(4)	(2)	(1,446)		29
Profit (loss) for the period		321	311				311					10
Other comprehensive income (loss)		(1)	(1)					9		(10)
Total comprehensive income (loss) for the period, net of tax		320	310				311	9		(10)		10
Shares issued		13	13	13
Share-based payment for share awards net of exercised		2	2			2
Dividends paid		(80)	(80)				(80)
Equity at end of period at Jun. 30, 2024		$ 3,995	$ 3,956	$ 433	$ 6,815	$ 78	$ (1,917)	$ 5	$ (2)	$ (1,456)		$ 39
[1] Foreign currency translation reserve includes a loss of $1,411m (Dec 2023: $1,411m ; Jun 2023: $1,410m ) that will not re-cycle through the income statement, and a loss of $45m (Dec 2023: $35m ; Jun 2023: $50m ) relating to foreign operations that will re-cycle through the income statement on disposal. The balances as previously reported have been restated due to the corporate restructuring transaction which was completed in September 2023 and reported in the Company’s audited financial statements as at and for the year ended 31 December 2023.

Group - Statement of Changes _2

Group - Statement of Changes in Equity (Parenthetical) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Other comprehensive income that will not be reclassified to profit or loss, net of tax	$ (9)	$ 11
Foreign currency translation reserve
Other comprehensive income that will be reclassified to profit or loss, net of tax	45	50	$ 35
Non-foreign operations | Foreign currency translation reserve
Other comprehensive income that will not be reclassified to profit or loss, net of tax	$ 1,411	$ 1,410	$ 1,411

Group - Statement of Financia_2

Group - Statement of Financial Position - Parenthetical (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Condensed Balance Sheet Statement1 [Line Items]
Provision utilised	$ 13
Serra Grande
Condensed Balance Sheet Statement1 [Line Items]
Increase in existing provisions	41
Decrease through change in estimate	20
Corrego Do Sitio
Condensed Balance Sheet Statement1 [Line Items]
Increase in existing provisions	$ 17

Group - Statement of Cash Flo_2

Group - Statement of Cash Flows - Parenthetical (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Statement of cash flows [abstract]
Bank overdraft	$ 15	$ 9	$ 5

Segmental information

Segmental information	6 Months Ended
	Jun. 30, 2024
Disclosure of entity's operating segments [Abstract]
Segmental information	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 geographical 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 P rojects’ segment which comprises all the major non-sustaining capital projects with the potential to be developed into operating entities. 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. Six months Six months ended ended Jun Jun 2024 2023 Gold income US Dollar million Unaudited Unaudited AFRICA 1,699 1,475 Kibali - Attributable 45% 340 298 Iduapriem 289 239 Obuasi 249 242 Siguiri 291 258 Geita 530 438 AUSTRALIA 561 514 Sunrise Dam 272 250 Tropicana - Attributable 70% 289 264 AMERICAS 571 453 Cerro Vanguardia 207 158 AngloGold Ashanti Mineração (1) 273 223 Serra Grande 91 72 2,831 2,442 Equity-accounted joint venture included above (340) (298) 2,491 2,144 (1) Includes income from sale of gold concentrate. By-product revenue US Dollar million Unaudited Unaudited AFRICA 3 2 Kibali - Attributable 45% 1 — Siguiri 1 1 Geita 1 1 AUSTRALIA 2 2 Sunrise Dam 1 1 Tropicana - Attributable 70% 1 1 AMERICAS 57 38 Cerro Vanguardia 57 37 AngloGold Ashanti Mineração — 1 62 42 Equity-accounted joint venture included above (1) — 61 42 Segmental reporting (continued) Six months Six months ended ended Jun Jun 2024 2023 Cost of sales US Dollar million Unaudited Unaudited AFRICA 1,092 1,060 Kibali - Attributable 45% 174 181 Iduapriem 167 195 Obuasi 180 157 Siguiri 261 234 Geita 310 293 AUSTRALIA 438 414 Sunrise Dam 215 196 Tropicana - Attributable 70% 206 202 Administration and other 17 16 AMERICAS 405 455 Cerro Vanguardia 175 151 AngloGold Ashanti Mineração 164 222 Serra Grande 65 80 Administration and other 1 2 CORPORATE AND OTHER 1 1 1,936 1,930 Equity-accounted joint venture included above (174) (181) 1,762 1,749 Gross profit (1) US Dollar million Unaudited Unaudited AFRICA 610 417 Kibali - Attributable 45% 167 117 Iduapriem 122 45 Obuasi 69 85 Siguiri 31 23 Geita 221 146 Administration and other — 1 AUSTRALIA 125 102 Sunrise Dam 57 54 Tropicana - Attributable 70% 85 64 Administration and other (17) (16) AMERICAS 222 37 Cerro Vanguardia 88 44 AngloGold Ashanti Mineração 108 2 Serra Grande 27 (8) Administration and other (1) (1) CORPORATE AND OTHER (41) (4) 916 552 Equity-accounted joint venture included above (167) (117) 749 435 (1) The G roup ’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 G roup income statement. Segmental reporting (continued) Six months Six months ended ended Jun Jun 2024 2023 Amortisation US Dollar million Unaudited Unaudited AFRICA 203 197 Kibali - Attributable 45% 43 45 Iduapriem 41 66 Obuasi 33 30 Siguiri 25 15 Geita 61 41 AUSTRALIA 83 66 Sunrise Dam 39 25 Tropicana - Attributable 70% 43 40 Administration and other 1 1 AMERICAS 84 80 Cerro Vanguardia 25 19 AngloGold Ashanti Mineração 49 42 Serra Grande 10 19 CORPORATE AND OTHER 2 2 372 345 Equity-accounted joint venture included above (43) (45) 329 300 Capital expenditure US Dollar million Unaudited Unaudited AFRICA 355 280 Kibali - Attributable 45% 61 44 Iduapriem 70 70 Obuasi 89 75 Siguiri 43 15 Geita 92 76 AUSTRALIA 86 73 Sunrise Dam 23 22 Tropicana - Attributable 70% 63 51 AMERICAS 91 134 Cerro Vanguardia 28 33 AngloGold Ashanti Mineração 46 74 Serra Grande 17 27 PROJECTS 19 10 Colombian projects 3 5 North American projects 16 5 551 497 Equity-accounted joint venture included above (61) (44) 490 453 Segmental reporting (continued) As at As at Jun Dec 2024 2023 Total assets US Dollar million Unaudited Audited AFRICA 4,612 4,414 Kibali - Attributable 45% 1,046 1,066 Iduapriem 582 526 Obuasi 1,364 1,288 Siguiri 513 486 Geita 1,102 1,042 Administration and other 5 6 AUSTRALIA 899 942 AMERICAS 1,372 1,254 Cerro Vanguardia 606 524 AngloGold Ashanti Mineração 607 584 Serra Grande 142 127 Administration and other 17 19 PROJECTS 855 833 Colombian projects 191 194 North American projects 664 639 CORPORATE AND OTHER 629 732 8,367 8,175

Basis of preparation

Basis of preparation	6 Months Ended
	Jun. 30, 2024
Disclosure of interim financial reporting [Abstract]
Basis of preparation	Basis of preparation These condensed consolidated interim financial statements of AngloGold Ashanti plc (“AngloGold Ashanti” or the “Company”) have been prepared in compliance with IAS 34 “Interim Financial Reporting” as issued by the International Accounting Standards Board (“IASB”). These condensed consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto as at and for the year ended 31 December 2023. The condensed consolidated interim financial statements in this report have been prepared in accordance with the historical cost convention, except for certain financial instruments, which are stated at fair value. The Group’s accounting policies used in the preparation of these condensed consolidated interim financial statements are consistent with those used in the Company’s audited financial statements as at and for the year ended 31 December 2023.

Revenue from product sales

Revenue from product sales	6 Months Ended
	Jun. 30, 2024
Disclosure of revenue [Abstract]
Revenue from product sales	Revenue from product sales Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Gold income (1) 2,491 2,144 Spot market sales 2,315 2,053 Concentrate sales (2) 176 91 By-products (1) 61 42 Revenue from product sales 2,552 2,186 (1) The disaggregation of revenue from contracts with customers by primary geographical region is described in the segmental reporting note. (2 ) There have been no material provisional price adjustments for the six months ended 30 June 2024.

Cost of sales

Cost of sales	6 Months Ended
	Jun. 30, 2024
Cost of Sales [Abstract]
Cost of sales	Cost of sales Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Operating costs (1) 1,268 1,325 Royalties 108 91 Total operating costs 1,376 1,416 Retrenchment costs 2 2 Rehabilitation and other non-cash costs 12 13 Amortisation of tangible assets 286 261 Amortisation of right of use assets 43 39 Inventory change 43 18 1,762 1,749 (1) Operating costs include salaries and wages, stores and other consumables, fuel power and water, mining contractors (including variable lease payments ), labour contractors (including variable lease payments) and consultants, and other expenses (credits).

Finance costs and unwinding of

Finance costs and unwinding of obligations	6 Months Ended
	Jun. 30, 2024
Disclosure of finance costs and unwinding of obligations [Abstract]
Finance costs and unwinding of obligations	Finance costs and unwinding of obligations Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Finance costs - borrowings 65 58 Finance costs - leases 6 5 Unwinding of obligations 13 12 84 75 The interest included within finance costs is calculated at effective interest rates.

Taxation

Taxation	6 Months Ended
	Jun. 30, 2024
Disclosure of income tax [Abstract]
Taxation	Taxation Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Current taxation Current year 178 93 Prior year under (over) provision 6 (7) 184 86 Deferred taxation Current year 77 43 Change in estimate (2) 10 Prior year under (over) provision — (1) Impairment and disposal of tangible assets — (27) 75 25 259 111 I ncome 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 G roup 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 historical 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 G roup . Brazil - AGA Mineração and Serra Grande The Brazil Tax Authority has challenged various aspects of the C ompany’s tax returns for periods from 2005 to 2016 which individually and in the 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. Serra Grande received tax assessments of $40m ( Dec. 2023: $39m ) 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 The tax treatment of exploration expenditure has been challenged by the Colombian Tax Authority which resulted in claims for taxes and penalties of $8m ( Dec. 2023: $8m ) 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 (Council of State) issued a ruling that duplicate penalties may not be charged. The impact of the ruling was that certain penalties were waived. In 2022, the Supreme Administrative Court (Council of State) ruled against the Company upon appeal and ordered it to pay $34m of additional taxes (which included interest) in respect of the 2010 and 2011 tax returns, but it fully waived any related penalties. 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 of additional taxes (which included interest) in respect of the 2011 income and equity tax returns, 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 of additional taxes (which included interest) in full settlement of the 2010 income tax claim. In February and April 2024, the Administrative Court of Cundinamarca ruled against the Company’s tax treatment of exploration expenditure in respect of its 2013 and 2014 tax returns, respectively. The Company appealed these rulings in February and May 2024, respectively. The appeals are currently pending before the Supreme Administrative Court (Council of State) for resolution and may take up to two years to be resolved. Penalties of $8m ( Dec. 2023: $8m ) pertaining to the 2013 and 2014 tax years were not recognised as a provision and are considered to be contingent, awaiting final judgement from the Colombian c ourts . Guinea - Siguiri The tax dispute with the Guinea Tax Authority relating to certain aspects of Société AngloGold Ashanti de Guinée S.A.’s tax return for the 2010 year of assessment totalling $8m (attributable) at 31 December 2023 was settled during the second quarter of 2024. On 25 April 2024, tax and finance representatives of the Siguiri mine met with the tax authorities and agreed to settle the matter by way of offsetting long outstanding VAT receivable balances against corporate income tax payable. A formal closure notice of the resolution of the dispute was received by Siguiri mine on 3 May 2024. Tanzania - Geita Gold Mine The Tanzania Revenue Authority has raised audit findings on various tax matters for years from 2009 to 2022 amounting to $354m ( Dec. 2023: $369m ). 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 $22m ( Dec. 2023: $23m ) 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.

Headline earnings

Headline earnings	6 Months Ended
	Jun. 30, 2024
Disclosure of earnings per share [Notes] [Abstract]
Headline earnings	Headline earnings (1) Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited 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 311 (39) Impairment on tangible assets and right of use assets — 92 Taxation on impairment of tangible assets and right of use assets — (21) Derecognition of assets — 38 Taxation on derecognition of assets — (6) (Profit) loss on disposal of tangible assets 1 (4) Impairment (reversal) on equity-accounted investments 1 1 Headline earnings (loss) 313 61 Headline earnings (loss) per ordinary share (US cents) (2) 74 14 Diluted headline earnings (loss) per ordinary share (US cents) (3) 74 14 (1) The financial measures “headline earnings (loss)” and “headline earnings (loss) per share” are not calculated in accordance with IFRS Accounting Standards, but in accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute Non-GAAP financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP financial measures. (2) Calculated on the basic weighted average number of ordinary shares. (3) Calculated on the diluted weighted average number of ordinary shares. Number of shares Weighted average number of ordinary shares 421,603,201 420,818,545 Dilutive potential of share options 522,570 — Dilutive weighted average number of ordinary shares 422,125,771 420,818,545

Borrowings and lease liabilitie

Borrowings and lease liabilities	6 Months Ended
	Jun. 30, 2024
Disclosure of borrowing costs [Abstract]
Borrowings and lease liabilities	Borrowings and lease liabilities AngloGold Ashanti’s borrowings are interest bearing. As at As at Jun Dec 2024 2023 US Dollar million Unaudited Audited 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 2,239 1,983 Proceeds from borrowings 320 343 Repayment of borrowings (420) (87) Finance costs paid on borrowings (58) (99) Interest charged to the income statement 60 108 Deferred loan fees — (2) Translation (6) (7) Closing balance 2,135 2,239 Borrowings Non-current 1,934 2,032 Current 201 207 2,135 2,239 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 58 99 Commitment fees, utilisation fees and other borrowing costs 5 12 Total finance costs paid 63 111 Reconciliation of lease liabilities Opening balance 171 186 Lease liabilities recognised 42 83 Repayment of lease liabilities (43) (94) Finance costs paid on lease liabilities (5) (11) Interest charged to the income statement 6 12 Modifications and terminations (2) (7) Translation (5) 2 Closing balance 164 171 Lease liabilities Non-current 87 98 Current 77 73 164 171

Cash generated from operations

Cash generated from operations	6 Months Ended
	Jun. 30, 2024
Statement of cash flows [abstract]
Cash generated from operations	Cash generated from operations Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Profit (loss) before taxation 580 76 Adjusted for: Movement on non-hedge derivatives and other commodity contracts 18 (2) Amortisation of tangible and right of use assets 329 300 Finance costs and unwinding of obligations 84 75 Environmental, rehabilitation, silicosis and other provisions (22) (17) Impairment, derecognition of assets and (profit) loss on disposal — 131 Other expenses (income) (non-cash portion) 25 57 Profit (loss) on sale of assets (1) (6) Finance income (89) (57) Share of associates and joint ventures’ (profit) loss (95) (84) Other non-cash movements 56 (23) Other exchange losses 10 52 Movements in working capital (160) (186) 735 316 Movements in working capital: (Increase) decrease in inventories 33 (19) (Increase) decrease in trade and other receivables (119) (140) Increase (decrease) in trade and other payables (74) (27) (160) (186)

Financial risk management activ

Financial risk management activities	6 Months Ended
	Jun. 30, 2024
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). 9 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 2024. Fair value Carrying value Fair value Carrying value As at Jun As at Jun As at Dec As at Dec Financial instrument 2024 2024 2023 2023 Valuation method Significant inputs Fair value hierarchy of inputs Unaudited Audited At fair value through profit and loss Deferred compensation asset - Mponeng (1) 14 14 26 26 Probability weighted discounted cash flow The production plan over the deferred compensation period and discount rates. Level 3 Deferred compensation asset - Gramalote (1) 24 24 22 22 Probability weighted discounted cash flow Stage gate payments over the deferred compensation period and discount rates. Level 3 Derivative financial liability - gold zero cost collar contracts (2) 33 33 15 15 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 At fair value through other comprehensive income Listed equity investments 27 27 — — Level 1 At amortised cost Borrowings - Rated bonds 1,594 1,739 1,567 1,738 Level 1 Borrowings - Revolving Credit Facilities 396 396 501 501 Discounted cash flow Market related interest rates Level 3 Joint venture loan receivable 435 435 506 506 Discounted cash flow Market related interest rates Level 3 (1) Included in the statement of financial position in current and non-current trade, other receivables and other assets. (2) Included in the statement of financial position in current trade and other payables. Reconciliation of deferred compensation assets A reconciliation of the deferred compensation asset included in the statement of financial position is set out in the following table: As at As at Jun Dec 2024 2023 US Dollar million Unaudited Audited Opening balance 48 12 Unwinding of the deferred compensation asset 2 1 Changes in estimates - fair value adjustments (1) (6) 14 Part repayment of deferred compensation asset (6) — Sale of Gramalote — 22 Translation — (1) Closing balance 38 48 (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.

Capital commitments

Capital commitments	6 Months Ended
	Jun. 30, 2024
Capital commitments [abstract]
Capital commitments	Capital commitments As at As at Jun Dec 2024 2023 US Dollar million Unaudited Audited Orders placed and outstanding on capital contracts at the prevailing rate of exchange (1) 243 141 (1) The increase is mainly as a result of an increase in commitments at Iduapriem for the tailings storage facility project. Liquidity and capital resources To service the above capital commitments and other operational requirements, the G roup 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 G roup 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 relevant Board approvals. The credit facilities and other finance arrangements contain financial covenants and other similar undertakings. At 30 June 2024, the Group was in compliance with all of the financial maintenance covenants per its loan agreements. To the extent that external borrowings are required, the G roup ’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.

Contractual commitments and con

Contractual commitments and contingencies	6 Months Ended
	Jun. 30, 2024
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract]
Contractual commitments and contingencies	Contractual commitments and contingencies AngloGold Ashanti’s material contingent liabilities at 30 June 2024 and 31 December 2023 are detailed below: Litigation claims 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 Expanded Silicon project as well as claims acquired in 2022 as part of the Corvus Gold Inc. and Coeur Sterling, Inc. acquisitions. AGANA intends to vigorously defend against Altius’ claims. A tribunal hearing was held in April 2024 and an arbitral decision is expected in due course. 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 5 .

Segmental information (Tables)

Segmental information (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of entity's operating segments [Abstract]
Disclosure of segmental information	Six months Six months ended ended Jun Jun 2024 2023 Gold income US Dollar million Unaudited Unaudited AFRICA 1,699 1,475 Kibali - Attributable 45% 340 298 Iduapriem 289 239 Obuasi 249 242 Siguiri 291 258 Geita 530 438 AUSTRALIA 561 514 Sunrise Dam 272 250 Tropicana - Attributable 70% 289 264 AMERICAS 571 453 Cerro Vanguardia 207 158 AngloGold Ashanti Mineração (1) 273 223 Serra Grande 91 72 2,831 2,442 Equity-accounted joint venture included above (340) (298) 2,491 2,144 (1) Includes income from sale of gold concentrate. By-product revenue US Dollar million Unaudited Unaudited AFRICA 3 2 Kibali - Attributable 45% 1 — Siguiri 1 1 Geita 1 1 AUSTRALIA 2 2 Sunrise Dam 1 1 Tropicana - Attributable 70% 1 1 AMERICAS 57 38 Cerro Vanguardia 57 37 AngloGold Ashanti Mineração — 1 62 42 Equity-accounted joint venture included above (1) — 61 42 Six months Six months ended ended Jun Jun 2024 2023 Cost of sales US Dollar million Unaudited Unaudited AFRICA 1,092 1,060 Kibali - Attributable 45% 174 181 Iduapriem 167 195 Obuasi 180 157 Siguiri 261 234 Geita 310 293 AUSTRALIA 438 414 Sunrise Dam 215 196 Tropicana - Attributable 70% 206 202 Administration and other 17 16 AMERICAS 405 455 Cerro Vanguardia 175 151 AngloGold Ashanti Mineração 164 222 Serra Grande 65 80 Administration and other 1 2 CORPORATE AND OTHER 1 1 1,936 1,930 Equity-accounted joint venture included above (174) (181) 1,762 1,749 Gross profit (1) US Dollar million Unaudited Unaudited AFRICA 610 417 Kibali - Attributable 45% 167 117 Iduapriem 122 45 Obuasi 69 85 Siguiri 31 23 Geita 221 146 Administration and other — 1 AUSTRALIA 125 102 Sunrise Dam 57 54 Tropicana - Attributable 70% 85 64 Administration and other (17) (16) AMERICAS 222 37 Cerro Vanguardia 88 44 AngloGold Ashanti Mineração 108 2 Serra Grande 27 (8) Administration and other (1) (1) CORPORATE AND OTHER (41) (4) 916 552 Equity-accounted joint venture included above (167) (117) 749 435 (1) The G roup ’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 G roup income statement. Six months Six months ended ended Jun Jun 2024 2023 Amortisation US Dollar million Unaudited Unaudited AFRICA 203 197 Kibali - Attributable 45% 43 45 Iduapriem 41 66 Obuasi 33 30 Siguiri 25 15 Geita 61 41 AUSTRALIA 83 66 Sunrise Dam 39 25 Tropicana - Attributable 70% 43 40 Administration and other 1 1 AMERICAS 84 80 Cerro Vanguardia 25 19 AngloGold Ashanti Mineração 49 42 Serra Grande 10 19 CORPORATE AND OTHER 2 2 372 345 Equity-accounted joint venture included above (43) (45) 329 300 Capital expenditure US Dollar million Unaudited Unaudited AFRICA 355 280 Kibali - Attributable 45% 61 44 Iduapriem 70 70 Obuasi 89 75 Siguiri 43 15 Geita 92 76 AUSTRALIA 86 73 Sunrise Dam 23 22 Tropicana - Attributable 70% 63 51 AMERICAS 91 134 Cerro Vanguardia 28 33 AngloGold Ashanti Mineração 46 74 Serra Grande 17 27 PROJECTS 19 10 Colombian projects 3 5 North American projects 16 5 551 497 Equity-accounted joint venture included above (61) (44) 490 453 As at As at Jun Dec 2024 2023 Total assets US Dollar million Unaudited Audited AFRICA 4,612 4,414 Kibali - Attributable 45% 1,046 1,066 Iduapriem 582 526 Obuasi 1,364 1,288 Siguiri 513 486 Geita 1,102 1,042 Administration and other 5 6 AUSTRALIA 899 942 AMERICAS 1,372 1,254 Cerro Vanguardia 606 524 AngloGold Ashanti Mineração 607 584 Serra Grande 142 127 Administration and other 17 19 PROJECTS 855 833 Colombian projects 191 194 North American projects 664 639 CORPORATE AND OTHER 629 732 8,367 8,175

Revenue from product sales (Tab

Revenue from product sales (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of revenue [Abstract]
Disclosure of revenue	Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Gold income (1) 2,491 2,144 Spot market sales 2,315 2,053 Concentrate sales (2) 176 91 By-products (1) 61 42 Revenue from product sales 2,552 2,186 (1) The disaggregation of revenue from contracts with customers by primary geographical region is described in the segmental reporting note. (2 ) There have been no material provisional price adjustments for the six months ended 30 June 2024.

Cost of sales (Tables)

Cost of sales (Tables)	6 Months Ended
	Jun. 30, 2024
Cost of Sales [Abstract]
Cost of sales by cost	Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Operating costs (1) 1,268 1,325 Royalties 108 91 Total operating costs 1,376 1,416 Retrenchment costs 2 2 Rehabilitation and other non-cash costs 12 13 Amortisation of tangible assets 286 261 Amortisation of right of use assets 43 39 Inventory change 43 18 1,762 1,749 (1) Operating costs include salaries and wages, stores and other consumables, fuel power and water, mining contractors (including variable lease payments ), labour contractors (including variable lease payments) and consultants, and other expenses (credits).

Finance costs and unwinding o_2

Finance costs and unwinding of obligations (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of finance costs and unwinding of obligations [Abstract]
Disclosure of finance costs and unwinding of obligations by item	Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Finance costs - borrowings 65 58 Finance costs - leases 6 5 Unwinding of obligations 13 12 84 75 The interest included within finance costs is calculated at effective interest rates.

Taxation (Tables)

Taxation (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of income tax [Abstract]
Disclosure of income tax expense	Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Current taxation Current year 178 93 Prior year under (over) provision 6 (7) 184 86 Deferred taxation Current year 77 43 Change in estimate (2) 10 Prior year under (over) provision — (1) Impairment and disposal of tangible assets — (27) 75 25 259 111

Headline earnings (Tables)

Headline earnings (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of earnings per share [Abstract]
Headline earnings	Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited 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 311 (39) Impairment on tangible assets and right of use assets — 92 Taxation on impairment of tangible assets and right of use assets — (21) Derecognition of assets — 38 Taxation on derecognition of assets — (6) (Profit) loss on disposal of tangible assets 1 (4) Impairment (reversal) on equity-accounted investments 1 1 Headline earnings (loss) 313 61 Headline earnings (loss) per ordinary share (US cents) (2) 74 14 Diluted headline earnings (loss) per ordinary share (US cents) (3) 74 14 (1) The financial measures “headline earnings (loss)” and “headline earnings (loss) per share” are not calculated in accordance with IFRS Accounting Standards, but in accordance with the Headline Earnings Circular 1/2023, issued by the South African Institute of Chartered Accountants (SAICA), at the request of the Johannesburg Stock Exchange Limited (JSE). These measures are required to be disclosed by the JSE Listings Requirements and therefore do not constitute Non-GAAP financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP financial measures. (2) Calculated on the basic weighted average number of ordinary shares. (3) Calculated on the diluted weighted average number of ordinary shares. Number of shares Weighted average number of ordinary shares 421,603,201 420,818,545 Dilutive potential of share options 522,570 — Dilutive weighted average number of ordinary shares 422,125,771 420,818,545

Borrowings and lease liabilit_2

Borrowings and lease liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of borrowing costs [Abstract]
Disclosure of detailed information about borrowings	AngloGold Ashanti’s borrowings are interest bearing. As at As at Jun Dec 2024 2023 US Dollar million Unaudited Audited 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 2,239 1,983 Proceeds from borrowings 320 343 Repayment of borrowings (420) (87) Finance costs paid on borrowings (58) (99) Interest charged to the income statement 60 108 Deferred loan fees — (2) Translation (6) (7) Closing balance 2,135 2,239 Borrowings Non-current 1,934 2,032 Current 201 207 2,135 2,239 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 58 99 Commitment fees, utilisation fees and other borrowing costs 5 12 Total finance costs paid 63 111 Reconciliation of lease liabilities Opening balance 171 186 Lease liabilities recognised 42 83 Repayment of lease liabilities (43) (94) Finance costs paid on lease liabilities (5) (11) Interest charged to the income statement 6 12 Modifications and terminations (2) (7) Translation (5) 2 Closing balance 164 171 Lease liabilities Non-current 87 98 Current 77 73 164 171

Cash generated from operations

Cash generated from operations (Tables)	6 Months Ended
	Jun. 30, 2024
Statement of cash flows [abstract]
Schedule of cash generated from operations	Six months Six months ended ended Jun Jun 2024 2023 US Dollar million Unaudited Unaudited Profit (loss) before taxation 580 76 Adjusted for: Movement on non-hedge derivatives and other commodity contracts 18 (2) Amortisation of tangible and right of use assets 329 300 Finance costs and unwinding of obligations 84 75 Environmental, rehabilitation, silicosis and other provisions (22) (17) Impairment, derecognition of assets and (profit) loss on disposal — 131 Other expenses (income) (non-cash portion) 25 57 Profit (loss) on sale of assets (1) (6) Finance income (89) (57) Share of associates and joint ventures’ (profit) loss (95) (84) Other non-cash movements 56 (23) Other exchange losses 10 52 Movements in working capital (160) (186) 735 316 Movements in working capital: (Increase) decrease in inventories 33 (19) (Increase) decrease in trade and other receivables (119) (140) Increase (decrease) in trade and other payables (74) (27) (160) (186)

Financial risk management act_2

Financial risk management activities (Tables)	6 Months Ended
	Jun. 30, 2024
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 2024. Fair value Carrying value Fair value Carrying value As at Jun As at Jun As at Dec As at Dec Financial instrument 2024 2024 2023 2023 Valuation method Significant inputs Fair value hierarchy of inputs Unaudited Audited At fair value through profit and loss Deferred compensation asset - Mponeng (1) 14 14 26 26 Probability weighted discounted cash flow The production plan over the deferred compensation period and discount rates. Level 3 Deferred compensation asset - Gramalote (1) 24 24 22 22 Probability weighted discounted cash flow Stage gate payments over the deferred compensation period and discount rates. Level 3 Derivative financial liability - gold zero cost collar contracts (2) 33 33 15 15 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 At fair value through other comprehensive income Listed equity investments 27 27 — — Level 1 At amortised cost Borrowings - Rated bonds 1,594 1,739 1,567 1,738 Level 1 Borrowings - Revolving Credit Facilities 396 396 501 501 Discounted cash flow Market related interest rates Level 3 Joint venture loan receivable 435 435 506 506 Discounted cash flow Market related interest rates Level 3 (1) Included in the statement of financial position in current and non-current trade, other receivables and other assets. (2) Included in the statement of financial position in current trade and other payables. A reconciliation of the deferred compensation asset included in the statement of financial position is set out in the following table: As at As at Jun Dec 2024 2023 US Dollar million Unaudited Audited Opening balance 48 12 Unwinding of the deferred compensation asset 2 1 Changes in estimates - fair value adjustments (1) (6) 14 Part repayment of deferred compensation asset (6) — Sale of Gramalote — 22 Translation — (1) Closing balance 38 48 (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.

Capital commitments (Tables)

Capital commitments (Tables)	6 Months Ended
	Jun. 30, 2024
Contractual Capital Commitments [Abstract]
Summary of capital commitments	As at As at Jun Dec 2024 2023 US Dollar million Unaudited Audited Orders placed and outstanding on capital contracts at the prevailing rate of exchange (1) 243 141 (1) The increase is mainly as a result of an increase in commitments at Iduapriem for the tailings storage facility project.

Segmental information (Details)

Segmental information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of operating segments [line items]
Gold income (1)	$ 2,491	$ 2,144
By-product revenue	61	42
Cost of sales	1,762	1,749
Gross profit	749	435
Amortisation	329	300
Capital expenditure	490	453
Total assets	8,367		$ 8,175
Operating segments
Disclosure of operating segments [line items]
Gold income (1)	2,831	2,442
By-product revenue	62	42
Cost of sales	1,936	1,930
Gross profit	916	552
Amortisation	372	345
Capital expenditure	551	497
AFRICA | Operating segments
Disclosure of operating segments [line items]
Gold income (1)	1,699	1,475
By-product revenue	3	2
Cost of sales	1,092	1,060
Gross profit	610	417
Amortisation	203	197
Capital expenditure	355	280
Total assets	4,612		4,414
AFRICA | Operating segments | Kibali - Attributable 45%
Disclosure of operating segments [line items]
Gold income (1)	340	298
By-product revenue	1	0
Cost of sales	174	181
Gross profit	167	117
Amortisation	43	45
Capital expenditure	61	44
Total assets	1,046		1,066
AFRICA | Operating segments | Iduapriem
Disclosure of operating segments [line items]
Gold income (1)	289	239
Cost of sales	167	195
Gross profit	122	45
Amortisation	41	66
Capital expenditure	70	70
Total assets	582		526
AFRICA | Operating segments | Obuasi
Disclosure of operating segments [line items]
Gold income (1)	249	242
Cost of sales	180	157
Gross profit	69	85
Amortisation	33	30
Capital expenditure	89	75
Total assets	1,364		1,288
AFRICA | Operating segments | Siguiri
Disclosure of operating segments [line items]
Gold income (1)	291	258
By-product revenue	1	1
Cost of sales	261	234
Gross profit	31	23
Amortisation	25	15
Capital expenditure	43	15
Total assets	513		486
AFRICA | Operating segments | Geita
Disclosure of operating segments [line items]
Gold income (1)	530	438
By-product revenue	1	1
Cost of sales	310	293
Gross profit	221	146
Amortisation	61	41
Capital expenditure	92	76
Total assets	1,102		1,042
AFRICA | Operating segments | Administration and other
Disclosure of operating segments [line items]
Gross profit	0	1
Total assets	5		6
AUSTRALIA | Operating segments
Disclosure of operating segments [line items]
Gold income (1)	561	514
By-product revenue	2	2
Cost of sales	438	414
Gross profit	125	102
Amortisation	83	66
Capital expenditure	86	73
Total assets	899		942
AUSTRALIA | Operating segments | Sunrise Dam
Disclosure of operating segments [line items]
Gold income (1)	272	250
By-product revenue	1	1
Cost of sales	215	196
Gross profit	57	54
Amortisation	39	25
Capital expenditure	23	22
AUSTRALIA | Operating segments | Tropicana - Attributable 70%
Disclosure of operating segments [line items]
Gold income (1)	289	264
By-product revenue	1	1
Cost of sales	206	202
Gross profit	85	64
Amortisation	43	40
Capital expenditure	63	51
AUSTRALIA | Operating segments | Administration and other
Disclosure of operating segments [line items]
Cost of sales	17	16
Gross profit	(17)	(16)
Amortisation	1	1
AMERICAS | Operating segments
Disclosure of operating segments [line items]
Gold income (1)	571	453
By-product revenue	57	38
Cost of sales	405	455
Gross profit	222	37
Amortisation	84	80
Capital expenditure	91	134
Total assets	1,372		1,254
AMERICAS | Operating segments | Cerro Vanguardia
Disclosure of operating segments [line items]
Gold income (1)	207	158
By-product revenue	57	37
Cost of sales	175	151
Gross profit	88	44
Amortisation	25	19
Capital expenditure	28	33
Total assets	606		524
AMERICAS | Operating segments | AngloGold Ashanti Mineração
Disclosure of operating segments [line items]
Gold income (1)	273	223
By-product revenue	0	1
Cost of sales	164	222
Gross profit	108	2
Amortisation	49	42
Capital expenditure	46	74
Total assets	607		584
AMERICAS | Operating segments | Serra Grande
Disclosure of operating segments [line items]
Gold income (1)	91	72
Cost of sales	65	80
Gross profit	27	(8)
Amortisation	10	19
Capital expenditure	17	27
Total assets	142		127
AMERICAS | Operating segments | Administration and other
Disclosure of operating segments [line items]
Cost of sales	1	2
Gross profit	(1)	(1)
Total assets	17		19
PROJECTS | Operating segments
Disclosure of operating segments [line items]
Capital expenditure	19	10
Total assets	855		833
PROJECTS | Operating segments | Colombian projects
Disclosure of operating segments [line items]
Capital expenditure	3	5
Total assets	191		194
PROJECTS | Operating segments | North American projects
Disclosure of operating segments [line items]
Capital expenditure	16	5
Total assets	664		639
CORPORATE AND OTHER | Operating segments
Disclosure of operating segments [line items]
Cost of sales	1	1
Gross profit	(41)	(4)
Amortisation	2	2
Total assets	629		$ 732
Equity-accounted joint venture included above | Elimination of intersegment amounts
Disclosure of operating segments [line items]
Gold income (1)	340	298
By-product revenue	1	0
Cost of sales	174	181
Gross profit	167	117
Amortisation	43	45
Capital expenditure	$ 61	$ 44

Revenue from product sales (Det

Revenue from product sales (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Mining Revenue [Line Items]
Gold income (1)	$ 2,491	$ 2,144
By-products (1)	61	42
Revenue from product sales	2,552	2,186
Spot market sales
Mining Revenue [Line Items]
Gold income (1)	2,315	2,053
Concentrate sales
Mining Revenue [Line Items]
Gold income (1)	$ 176	$ 91

Cost of sales (Details)

Cost of sales (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cost of Sales [Abstract]
Operating costs	$ 1,268	$ 1,325
Royalties	108	91
Total operating costs	1,376	1,416
Retrenchment costs	2	2
Rehabilitation and other non-cash costs	12	13
Amortisation of tangible assets	286	261
Amortisation of right of use assets	43	39
Inventory change	43	18
Cost of sales	$ 1,762	$ 1,749

Finance costs and unwinding o_3

Finance costs and unwinding of obligations (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of finance costs and unwinding of obligations [Abstract]
Finance costs - borrowings	$ 65	$ 58
Finance costs - leases	6	5	$ 12
Unwinding of obligations	13	12
Finance costs and unwinding of obligations	$ 84	$ 75

Share of associates and joint v

Share of associates and joint ventures' profit (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of associates [line items]
Profit (loss) before taxation	$ 580	$ 76
Taxation	$ (259)	$ (111)

Taxation (Details)

Taxation (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Current taxation
Current year	$ 178	$ 93
Prior year under (over) provision	6	(7)
Current taxation	184	86
Deferred taxation
Current year	77	43
Change in estimate	(2)	10
Prior year under (over) provision	0	(1)
Impairment and disposal of tangible assets	0	(27)
Deferred taxation	75	25
Taxation	$ 259	$ 111

Taxation - Narrative (Details)

Taxation - Narrative (Details) - USD ($) $ in Millions	1 Months Ended		6 Months Ended	12 Months Ended
	Apr. 30, 2023	Feb. 28, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Brazil tax authority
Disclosure of contingent liabilities [line items]
Loss contingency, damages sought			$ 40	$ 39
Columbian tax authority
Disclosure of contingent liabilities [line items]
Loss contingency, damages sought			8	8
Legal proceedings provision					$ 34
Income taxes paid (refund)	$ 3	$ 25
Tax effect of foreign tax rates		$ 6
Penalties not provided for			8	8
Guinea tax authority
Disclosure of contingent liabilities [line items]
Loss contingency, damages sought			8
Tanzania revenue authority | Provision for income tax
Disclosure of contingent liabilities [line items]
Loss contingency, damages sought			354	369
Loss contingency, damages paid under protest			$ 22	$ 23

Headline earnings - Schedule of

Headline earnings - Schedule of earnings (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of earnings per share [Abstract]
Profit (loss) attributable to equity shareholders	$ 311	$ (39)
Impairment on tangible assets and right of use assets	0	92
Taxation on impairment of tangible assets and right of use assets	0	(21)
Derecognition of assets	0	38
Taxation on derecognition of assets	0	(6)
(Profit) loss on disposal of tangible assets	1	(4)
Impairment (reversal) on equity-accounted investments	1	1
Headline earnings (loss)	$ 313	$ 61
Headline earnings (loss) per ordinary share (USD cents per share)	$ 0.74	$ 0.14
Diluted headline earnings (loss) per ordinary share (USD cents per share)	$ 0.74	$ 0.14

Headline earnings - Dilutive sh

Headline earnings - Dilutive shares (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of earnings per share [Abstract]
Weighted average number of shares (in shares)	421,603,201	420,818,545
Dilutive potential of share options (in shares)	522,570	0
Dilutive weighted average number of ordinary shares (in shares)	422,125,771	420,818,545

Share capital and premium (Deta

Share capital and premium (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share Premium [Abstract]
Ordinary shares issued	$ 13	$ 14
Less held Within The Group [Abstract]
Share capital and premium	$ 433		$ 420

Borrowings and lease liabilit_3

Borrowings and lease liabilities - Schedule of borrowings (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of borrowing costs [Abstract]
Opening balance	$ 2,239	$ 1,983	$ 1,983
Proceeds from borrowings	320	8	343
Repayment of borrowings	(420)	(74)	(87)
Finance costs paid on borrowings	(58)		(99)
Interest charged to the income statement	60		108
Deferred loan fees	0		(2)
Translation	(6)		(7)
Closing balance	2,135		2,239
Borrowings
Non-current	1,934		2,032
Current	201		207
Finance costs paid on borrowings	58		99
Commitment fees, utilisation fees and other borrowing costs	5		12
Total finance costs paid	$ 63	$ 56	$ 111

Borrowings and lease liabilit_4

Borrowings and lease liabilities - Reconciliation of lease liabilities (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of borrowing costs [Abstract]
Opening balance	$ 171	$ 186	$ 186
Lease liabilities recognised	42		83
Repayment of lease liabilities	(43)	(44)	(94)
Finance costs paid on lease liabilities	(5)	(5)	(11)
Interest charged to the income statement	6	$ 5	12
Modifications and terminations	(2)		(7)
Translation	(5)		2
Closing balance	164		171
Lease liabilities
Non-current	87		98
Current	$ 77		$ 73

Cash generated from operation_2

Cash generated from operations (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of cash flows [abstract]
Profit (loss) before taxation	$ 580	$ 76
Adjusted for:
Movement on non-hedge derivatives and other commodity contracts	18	(2)
Amortisation of tangible and right of use assets	329	300
Finance costs and unwinding of obligations	84	75
Environmental, rehabilitation, silicosis and other provisions	(22)	(17)
Impairment, derecognition of assets and (profit) loss on disposal	0	131
Other expenses (income) (non-cash portion)	25	57
Profit (loss) on sale of assets	(1)	(6)
Finance income	(89)	(57)
Share of associates and joint ventures’ (profit) loss	(95)	(84)
Other non-cash movements	56	(23)
Other exchange losses	10	52
Movements in working capital	(160)	(186)
Cash generated from operations	735	316
(Increase) decrease in inventories	33	(19)
(Increase) decrease in trade and other receivables	(119)	(140)
Increase (decrease) in trade and other payables	(74)	(27)
Movements in working capital	$ (160)	$ (186)

Financial risk management act_3

Financial risk management activities - Fair value of financial instruments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Deferred compensation asset	$ 38	$ 48	$ 12
Borrowings	2,135	2,239	$ 1,983
Level 2
Disclosure of detailed information about financial instruments [line items]
Joint venture loan receivable	435	506
Level 2 | Borrowings - Revolving Credit Facilities
Disclosure of detailed information about financial instruments [line items]
Borrowings	396	501
Level 2 | Zero cost collar contracts
Disclosure of detailed information about financial instruments [line items]
Derivative financial liabilities	33	15
Level 2 | Recurring fair value measurement
Disclosure of detailed information about financial instruments [line items]
Joint venture loan receivable	435	506
Level 2 | Recurring fair value measurement | Borrowings - Revolving Credit Facilities
Disclosure of detailed information about financial instruments [line items]
Borrowings	396	501
Level 2 | Recurring fair value measurement | Zero cost collar contracts
Disclosure of detailed information about financial instruments [line items]
Derivative financial liabilities	33	15
Level 1 | Borrowings - Rated bonds
Disclosure of detailed information about financial instruments [line items]
Borrowings	1,739	1,738
Level 1 | Equity investments
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through other comprehensive income	27	0
Level 1 | Recurring fair value measurement | Borrowings - Rated bonds
Disclosure of detailed information about financial instruments [line items]
Borrowings	1,594	1,567
Level 1 | Recurring fair value measurement | Equity investments
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value through other comprehensive income	27	0
Gramalote | Level 3
Disclosure of detailed information about financial instruments [line items]
Deferred compensation asset	24	22
Gramalote | Level 3 | Recurring fair value measurement
Disclosure of detailed information about financial instruments [line items]
Deferred compensation asset	24	22
Mponeng | Level 3
Disclosure of detailed information about financial instruments [line items]
Deferred compensation asset	14	26
Mponeng | Level 3 | Recurring fair value measurement
Disclosure of detailed information about financial instruments [line items]
Deferred compensation asset	$ 14	$ 26

Financial risk management act_4

Financial risk management activities - Reconciliation of deferred compensation asset (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Opening balance	$ 48	$ 12
Unwinding of the deferred compensation asset	2	1
Changes in estimates - fair value adjustments	(6)	14
Part repayment of deferred compensation asset	(6)	0
Sale of Gramalote	0	22
Translation	0	(1)
Closing balance	$ 38	$ 48

Capital commitments (Details)

Capital commitments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Capital commitments [abstract]
Orders placed and outstanding on capital contracts at the prevailing rate of exchange	$ 243	$ 141

Contractual commitments and c_2

Contractual commitments and contingencies - Contingencies (Details)	Mar. 27, 2023
Disclosure of other provisions, contingent liabilities and contingent assets [Abstract]
Net smelter returns royalty	1.50%

New and amended standards adopt

New and amended standards adopted by the Group - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of reclassifications or changes in presentation [line items]
Gross profit	$ 749	$ 435

New and amended standards ado_2

New and amended standards adopted by the Group (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	[1]	Dec. 31, 2022
Disclosure of reclassifications or changes in presentation [line items]
Tangible assets	$ 4,596	$ 4,419
Accumulated losses and other reserves	3,523	3,291
(Accumulated losses) Retained earnings	3,995	3,740	$ 3,942		$ 4,075
(Accumulated losses) Retained earnings
Disclosure of reclassifications or changes in presentation [line items]
(Accumulated losses) Retained earnings	$ (1,917)	$ (2,148)	$ (1,936)		$ (1,774)
[1] The balances as previously reported have been restated due to the corporate restructuring transaction which was completed in September 2023 and reported in the Company’s audited financial statements as at and for the year ended 31 December 2023.