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6-K Filing
AngloGold Ashanti 6-KCurrent report (foreign)
Filed: 19 Feb 25, 6:04am
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 2 | ![]() | ||||
Reporting method | |||||
During the financial year ended 31 December 2024, AngloGold Ashanti’s reporting for managed operations shifted from an attributable basis of reporting to a consolidated basis of reporting. The change in reporting only impacts managed operations with non-controlling interests (i.e., Siguiri, Cerro Vanguardia and Sukari), whereas joint operations (i.e., Tropicana), which are proportionately consolidated, remain unaffected. Non-managed joint ventures (i.e., Kibali), which are accounted for under the equity method, also remain unaffected and their gold production, related unit revenue and cost metrics continue to be reported on an attributable basis. As a result of this change in reporting, certain adjustments to exclude non-controlling interests on gold production, related unit revenue and cost metrics have been discontinued. The metrics for the three months and year ended 31 December 2023 have been adjusted to reflect this change in reporting. | |||||
Non-GAAP financial measures | |||||
This communication may contain certain “Non-GAAP” financial measures, including, for example, “total cash costs”, “total cash costs per ounce”, “all-in sustaining costs”, “all-in sustaining costs per ounce”, “all-in costs”, “all-in costs per ounce”, “average gold price received per ounce”, “sustaining capital expenditure” and “non-sustaining capital expenditure”. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use. Reconciliations from IFRS to Non-GAAP financial measures can be found in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2024, which is available on its website. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 3 | ![]() | ||||
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OPERATING STATISTICS I GOLD PRODUCTION | ||||||
GOLD PRODUCTION (000 OUNCES) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 80 | 93 | 309 | 343 | |
Kibali - Attributable 45%(1) | 80 | 93 | 309 | 343 | |
AFRICA: MANAGED OPERATIONS | 360 | 348 | 1,254 | 1,237 | |
Iduapriem | 50 | 79 | 237 | 268 | |
Obuasi | 60 | 61 | 221 | 224 | |
Siguiri(5) | 74 | 66 | 273 | 260 | |
Geita | 136 | 142 | 483 | 485 | |
Sukari(5) | 40 | _ | 40 | _ | |
AUSTRALIA | 166 | 158 | 572 | 562 | |
Sunrise Dam | 66 | 62 | 259 | 252 | |
Tropicana - Attributable 70% | 100 | 96 | 313 | 310 | |
AMERICAS (4)(6) | 144 | 139 | 526 | 502 | |
Cerro Vanguardia(5) | 47 | 41 | 175 | 164 | |
AngloGold Ashanti Mineração(4)(6) | 75 | 73 | 271 | 252 | |
Serra Grande | 22 | 25 | 80 | 86 | |
Managed operations(4)(6) | 670 | 645 | 2,352 | 2,301 | |
Non-managed joint ventures(1) | 80 | 93 | 309 | 343 | |
GROUP (2)(4)(6) | 750 | 738 | 2,661 | 2,644 | |
Adjusted to exclude Sukari | |||||
Managed operations(3)(6) | 630 | 645 | 2,312 | 2,301 | |
Non-managed joint ventures(1) | 80 | 93 | 309 | 343 | |
GROUP(2)(3)(6) | 710 | 738 | 2,621 | 2,644 | |
Notes: | |||||
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
(4) All financial periods within the year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (CdS) operation which was placed on care and maintenance in August 2023. | |||||
(5) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(6) Includes gold concentrate from the Cuiabá mine sold to third parties. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2024, for definitions and reconciliations | |||||
Rounding of figures may result in computational discrepancies. | |||||
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 4 | ![]() | ||||
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OPERATING STATISTICS I GOLD SOLD | ||||||
GOLD SOLD (000 OUNCES) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 78 | 92 | 309 | 343 | |
Kibali - Attributable 45%(1) | 78 | 92 | 309 | 343 | |
AFRICA: MANAGED OPERATIONS | 341 | 331 | 1,255 | 1,233 | |
Iduapriem | 47 | 76 | 238 | 268 | |
Obuasi | 59 | 57 | 222 | 226 | |
Siguiri(5) | 69 | 67 | 272 | 260 | |
Geita | 122 | 131 | 479 | 479 | |
Sukari(5) | 44 | _ | 44 | _ | |
AUSTRALIA | 166 | 148 | 578 | 557 | |
Sunrise Dam | 66 | 63 | 261 | 256 | |
Tropicana - Attributable 70% | 100 | 85 | 317 | 301 | |
AMERICAS (4)(6) | 140 | 140 | 537 | 491 | |
Cerro Vanguardia(5) | 44 | 41 | 183 | 163 | |
AngloGold Ashanti Mineração(4)(6) | 74 | 74 | 274 | 242 | |
Serra Grande | 22 | 25 | 80 | 86 | |
Managed operations(4)(6) | 647 | 619 | 2,370 | 2,281 | |
Non-managed joint ventures(1) | 78 | 92 | 309 | 343 | |
GROUP(2)(4)(6) | 725 | 711 | 2,679 | 2,624 | |
Adjusted to exclude Sukari | |||||
Managed operations(3)(6) | 603 | 619 | 2,326 | 2,281 | |
Non-managed joint ventures(1) | 78 | 92 | 309 | 343 | |
GROUP(2)(3)(6) | 681 | 711 | 2,635 | 2,624 | |
Notes: | |||||
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
(4) All financial periods within the year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (CdS) operation which was placed on care and maintenance in August 2023. | |||||
(5) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(6) Includes gold concentrate from the Cuiabá mine sold to third parties. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2024, for definitions and reconciliations | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 5 | ![]() | ||||
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OPERATING STATISTICS I TOTAL CASH COSTS | ||||||
TOTAL CASH COSTS* ($m) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 77 | 71 | 289 | 275 | |
Kibali - Attributable 45%(1) | 77 | 71 | 289 | 275 | |
AFRICA: MANAGED OPERATIONS | 441 | 375 | 1,519 | 1,407 | |
Iduapriem | 74 | 76 | 265 | 253 | |
Obuasi | 71 | 64 | 268 | 249 | |
Siguiri(5) | 129 | 112 | 465 | 429 | |
Geita | 121 | 123 | 476 | 477 | |
Sukari(5) | 46 | — | 46 | — | |
Admin and other | — | — | (1) | (1) | |
AUSTRALIA | 195 | 185 | 735 | 704 | |
Sunrise Dam | 93 | 81 | 347 | 333 | |
Tropicana - Attributable 70% | 93 | 97 | 354 | 343 | |
Admin and other | 9 | 7 | 34 | 28 | |
AMERICAS(4) | 149 | 141 | 541 | 563 | |
Cerro Vanguardia(5) | 54 | 39 | 189 | 172 | |
AngloGold Ashanti Mineração(4) | 64 | 70 | 237 | 262 | |
Serra Grande | 30 | 32 | 113 | 128 | |
Admin and other | 1 | — | 2 | 1 | |
CORPORATE AND OTHER(6) | (4) | 2 | (5) | — | |
Managed operations(4) | 781 | 703 | 2,790 | 2,674 | |
Non-managed joint ventures(1) | 77 | 71 | 289 | 275 | |
GROUP (2)(4) | 858 | 774 | 3,079 | 2,949 | |
Adjusted to exclude Sukari | |||||
Managed operations(3) | 735 | 703 | 2,744 | 2,674 | |
Non-managed joint ventures(1) | 77 | 71 | 289 | 275 | |
GROUP (2)(3) | 812 | 774 | 3,033 | 2,949 | |
Notes: | |||||
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
(4) All financial periods within the year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (CdS) operation which was placed on care and maintenance in August 2023. | |||||
(5) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(6) Corporate included non-gold producing managed operations. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2024, for definitions and reconciliations | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 6 | ![]() | ||||
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OPERATING STATISTICS I ALL-IN SUSTAINING COSTS | ||||||
ALL-IN SUSTAINING COSTS* ($m) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 93 | 84 | 354 | 326 | |
Kibali - Attributable 45%(1) | 93 | 84 | 354 | 326 | |
AFRICA: MANAGED OPERATIONS | 607 | 572 | 2,147 | 1,943 | |
Iduapriem | 100 | 107 | 385 | 357 | |
Obuasi | 113 | 120 | 430 | 401 | |
Siguiri(5) | 150 | 159 | 569 | 514 | |
Geita | 161 | 186 | 680 | 672 | |
Sukari(5)(7) | 83 | — | 83 | — | |
Admin and other | — | — | — | (1) | |
AUSTRALIA | 244 | 219 | 881 | 828 | |
Sunrise Dam | 125 | 107 | 434 | 404 | |
Tropicana - Attributable 70% | 109 | 104 | 411 | 393 | |
Admin and other | 10 | 8 | 36 | 31 | |
AMERICAS(4) | 219 | 217 | 813 | 840 | |
Cerro Vanguardia(5) | 79 | 68 | 284 | 257 | |
AngloGold Ashanti Mineração(4) | 100 | 100 | 365 | 392 | |
Serra Grande | 40 | 49 | 162 | 189 | |
Admin and other | — | — | 2 | 2 | |
PROJECTS | 4 | 11 | 10 | 15 | |
CORPORATE AND OTHER(6) | 28 | 35 | 112 | 101 | |
Managed operations(4) | 1,102 | 1,054 | 3,963 | 3,727 | |
Non-managed joint ventures(1) | 93 | 84 | 354 | 326 | |
GROUP(2)(4) | 1,195 | 1,138 | 4,317 | 4,053 | |
Adjusted to exclude Sukari | |||||
Managed operations(3) | 1,019 | 1,054 | 3,880 | 3,727 | |
Non-managed joint ventures(1) | 93 | 84 | 354 | 326 | |
GROUP(2)(3) | 1,112 | 1,138 | 4,234 | 4,053 | |
Notes: | |||||
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
(4) All financial periods within the year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (CdS) operation which was placed on care and maintenance in August 2023. | |||||
(5) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(6) Corporate included non-gold producing managed operations. | |||||
(7) Due to the short timeframe since the acquisition, the sustaining capital expenditures may not accurately reflect typical spending patterns. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2024, for definitions and reconciliations | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 7 | ![]() | ||||
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OPERATING STATISTICS I SUSTAINING CAPITAL EXPENDITURE | ||||||
SUSTAINING CAPITAL EXPENDITURE* ($m) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
AFRICA: NON-MANAGED JOINT VENTURES | 19 | 13 | 68 | 52 | |
Kibali - Attributable 45%(1) | 19 | 13 | 68 | 52 | |
AFRICA: MANAGED OPERATIONS | 160 | 191 | 547 | 480 | |
Iduapriem | 28 | 33 | 108 | 96 | |
Obuasi | 34 | 56 | 145 | 148 | |
Siguiri(5) | 26 | 41 | 93 | 74 | |
Geita | 52 | 61 | 181 | 162 | |
Sukari(5)(7) | 20 | — | 20 | — | |
Admin and other | — | — | — | — | |
AUSTRALIA | 37 | 31 | 102 | 98 | |
Sunrise Dam | 26 | 15 | 65 | 47 | |
Tropicana - Attributable 70% | 11 | 16 | 37 | 50 | |
Admin and other | — | — | — | 1 | |
AMERICAS(4) | 66 | 61 | 209 | 252 | |
Cerro Vanguardia(5) | 24 | 26 | 71 | 75 | |
AngloGold Ashanti Mineração(4) | 30 | 21 | 98 | 122 | |
Serra Grande | 12 | 14 | 40 | 55 | |
Admin and other | — | — | — | — | |
PROJECTS | 3 | 11 | 5 | 11 | |
CORPORATE AND OTHER(6) | — | 1 | 1 | 1 | |
Managed operations(4) | 266 | 295 | 864 | 842 | |
Non-managed joint ventures(1) | 19 | 13 | 68 | 52 | |
GROUP(2)(4) | 285 | 308 | 932 | 894 | |
Adjusted to exclude Sukari | |||||
Managed operations(3) | 246 | 295 | 844 | 842 | |
Non-managed joint ventures(1) | 19 | 13 | 68 | 52 | |
GROUP(2)(3) | 265 | 308 | 912 | 894 | |
Notes: | |||||
(1) Equity-accounted joint venture. | |||||
(2) Including equity-accounted non-managed joint ventures | |||||
(3) Adjusted to exclude the Sukari operation which was acquired on 22 November 2024 as part of the Centamin acquisition. | |||||
(4) All financial periods within the year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (CdS) operation which was placed on care and maintenance in August 2023. | |||||
(5) On a consolidated basis. Siguiri, Sukari and Cerro Vanguardia are owned 85%, 50% and 92.50% by AngloGold Ashanti, respectively. | |||||
(6) Corporate included non-gold producing managed operations. | |||||
(7) Due to the short timeframe since the acquisition, the sustaining capital expenditures may not accurately reflect typical spending patterns. | |||||
*Refer to “Non-GAAP disclosure” in AngloGold Ashanti’s Earnings Release for the three months and year ended 31 December 2024, for definitions and reconciliations | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 8 | ![]() | ||||
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OPERATING STATISTICS I IDUAPRIEM | ||||||
IDUAPRIEM | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 822 | 1,611 | 4,476 | 5,849 | |
Open pit waste | 9,353 | 8,926 | 36,098 | 36,993 | |
Total open pit | 10,175 | 10,537 | 40,574 | 42,842 | |
Open pit mined grade (g/tonne) | 1.54 | 1.56 | 1.52 | 1.61 | |
Tonnes milled/processed (000 tonnes): | |||||
Open pit operations | 1,422 | 1,516 | 5,410 | 5,430 | |
Average mill head grade (g/tonne) | 1.15 | 1.58 | 1.38 | 1.53 | |
Recovery rate | 94.6% | 96.9% | 95.9% | 96.3% | |
Total recovered grade (g/tonne) | 1.09 | 1.61 | 1.36 | 1.54 | |
Gold ounces produced oz(000) | 50 | 79 | 237 | 268 | |
Gold ounces sold oz(000) | 47 | 76 | 238 | 268 | |
Average gold price received*(1) ($/ounce) | 2,654 | 1,991 | 2,364 | 1,946 | |
Gold income per segment information ($m) | 125 | 151 | 563 | 522 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,354 | 868 | 1,001 | 847 | |
By-product credits | (1) | (2) | (2) | (2) | |
Royalties | 125 | 96 | 119 | 97 | |
Total cash costs* ($/ounce produced) | 1,478 | 962 | 1,118 | 943 | |
Total cash costs* ($m) | 74 | 76 | 265 | 253 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,478 | 962 | 1,118 | 943 | |
Inventory movements | (31) | (3) | (12) | 7 | |
Adjusted for decommissioning, inventory amortisation and other | 7 | — | 1 | — | |
Rehabilitation and other non-cash costs | 66 | 9 | 30 | 9 | |
Lease payment sustaining | 23 | 10 | 24 | 12 | |
Sustaining exploration and study costs | — | — | — | — | |
Sustaining capital expenditure | 587 | 429 | 454 | 358 | |
All-in sustaining costs* ($/ounce sold) | 2,131 | 1,407 | 1,614 | 1,329 | |
All-in sustaining costs* ($m) | 100 | 107 | 385 | 357 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 28 | 33 | 108 | 96 | |
Non-sustaining capital expenditure* | 22 | 10 | 61 | 46 | |
Total capital expenditure | 50 | 43 | 169 | 142 | |
(1) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 9 | ![]() | ||||
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OPERATING STATISTICS I OBUASI | ||||||
OBUASI | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 213 | 202 | 841 | 822 | |
Underground ore | 319 | 280 | 1,127 | 978 | |
Total underground | 532 | 482 | 1,968 | 1,800 | |
Underground ore mined grade (g/tonne) | 6.27 | 7.00 | 6.34 | 7.08 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 301 | 285 | 1,144 | 1,017 | |
Supplemental tailings | 11 | 86 | 141 | 261 | |
Total tonnes milled/processed | 312 | 371 | 1,285 | 1,278 | |
Average mill head grade (g/tonne) | 6.86 | 6.01 | 6.25 | 6.44 | |
Recovery rate | 88.4% | 85.3% | 86.0% | 85.0% | |
Total recovered grade (g/tonne) | 6.01 | 5.10 | 5.35 | 5.45 | |
Gold ounces produced oz(000) | 60 | 61 | 221 | 224 | |
Gold ounces sold oz(000) | 59 | 57 | 222 | 226 | |
Average gold price received*(1) ($/ounce) | 2,653 | 1,991 | 2,389 | 1,945 | |
Gold income per segment information ($m) | 157 | 114 | 530 | 439 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,042 | 954 | 1,097 | 1,026 | |
By-product credits | (3) | (3) | (2) | (2) | |
Royalties | 131 | 89 | 120 | 90 | |
Total cash costs* ($/ounce produced) | 1,169 | 1,040 | 1,214 | 1,114 | |
Total cash costs* ($m) | 71 | 64 | 268 | 249 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,169 | 1,040 | 1,214 | 1,114 | |
Inventory movements | 42 | 7 | 5 | (28) | |
Adjusted for decommissioning, inventory amortisation and other | (2) | — | (2) | (1) | |
Rehabilitation and other non-cash costs | 122 | 45 | 63 | 27 | |
Lease payment sustaining | — | — | — | — | |
Sustaining exploration and study costs | 10 | 13 | 8 | 10 | |
Sustaining capital expenditure | 564 | 976 | 654 | 655 | |
All-in sustaining costs* ($/ounce sold) | 1,905 | 2,081 | 1,942 | 1,777 | |
All-in sustaining costs* ($m) | 113 | 120 | 430 | 401 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 34 | 56 | 145 | 148 | |
Non-sustaining capital expenditure* | 20 | 20 | 57 | 66 | |
Total capital expenditure | 54 | 76 | 202 | 214 | |
(1) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 10 | ![]() | ||||
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OPERATING STATISTICS I SIGUIRI | ||||||
SIGUIRI(1) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 1,619 | 1,302 | 5,064 | 5,826 | |
Open pit waste | 7,353 | 4,755 | 24,279 | 15,913 | |
Total open pit | 8,972 | 6,057 | 29,343 | 21,739 | |
Open pit mined grade (g/tonne) | 1.21 | 1.35 | 1.29 | 1.24 | |
Tonnes milled/processed (000 tonnes): | |||||
Open pit operations | 2,938 | 3,177 | 11,103 | 10,972 | |
Average mill head grade (g/tonne) | 0.87 | 0.92 | 0.90 | 0.95 | |
Recovery rate | 90.0% | 71.0% | 85.0% | 77.3% | |
Total recovered grade (g/tonne) | 0.78 | 0.65 | 0.76 | 0.74 | |
Gold ounces produced oz(000) | 74 | 66 | 273 | 260 | |
Gold ounces sold oz(000) | 69 | 67 | 272 | 260 | |
Average gold price received*(2) ($/ounce) | 2,651 | 1,975 | 2,404 | 1,941 | |
Gold income per segment information ($m) | 182 | 131 | 653 | 505 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,577 | 1,595 | 1,566 | 1,555 | |
By-product credits | (2) | (2) | (2) | (1) | |
Royalties | 172 | 99 | 140 | 97 | |
Total cash costs* ($/ounce produced) | 1,747 | 1,693 | 1,703 | 1,650 | |
Total cash costs* ($m) | 129 | 112 | 465 | 429 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,747 | 1,693 | 1,703 | 1,650 | |
Inventory movements | (24) | 7 | (7) | (2) | |
Adjusted for decommissioning, inventory amortisation and other | — | — | — | — | |
Rehabilitation and other non-cash costs | 24 | 58 | 21 | 21 | |
Lease payment sustaining | 20 | 1 | 11 | 1 | |
Sustaining exploration and study costs | 38 | 22 | 23 | 21 | |
Sustaining capital expenditure | 382 | 617 | 342 | 284 | |
All-in sustaining costs* ($/ounce sold) | 2,186 | 2,397 | 2,093 | 1,976 | |
All-in sustaining costs* ($m) | 150 | 159 | 569 | 514 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 26 | 41 | 93 | 74 | |
Non-sustaining capital expenditure* | 3 | — | 9 | 4 | |
Total capital expenditure | 29 | 41 | 102 | 78 | |
(1) On a consolidated basis. Siguiri is owned 85% by AngloGold Ashanti. | |||||
(2) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 11 | ![]() | ||||
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OPERATING STATISTICS I GEITA | ||||||
GEITA | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 374 | 300 | 1,340 | 1,252 | |
Underground ore | 725 | 809 | 2,831 | 2,716 | |
Total underground | 1,099 | 1,109 | 4,171 | 3,968 | |
Underground ore mined grade (g/tonne) | 4.45 | 4.03 | 4.21 | 3.94 | |
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 1,525 | 1,278 | 4,042 | 4,865 | |
Open pit waste | 5,644 | 5,868 | 22,032 | 20,502 | |
Total open pit | 7,169 | 7,146 | 26,074 | 25,367 | |
Open pit mined grade (g/tonne) | 1.63 | 1.77 | 1.54 | 1.78 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 686 | 832 | 2,642 | 2,692 | |
Open pit operations | 740 | 708 | 2,807 | 2,788 | |
Total tonnes milled/processed | 1,426 | 1,540 | 5,449 | 5,480 | |
Average mill head grade (g/tonne) | 3.26 | 3.15 | 3.03 | 3.01 | |
Recovery rate | 91.0% | 91.2% | 90.9% | 91.6% | |
Total recovered grade (g/tonne) | 2.97 | 2.87 | 2.76 | 2.75 | |
Gold ounces produced oz(000) | 136 | 142 | 483 | 485 | |
Gold ounces sold oz(000) | 122 | 131 | 479 | 479 | |
Average gold price received*(1) ($/ounce) | 2,658 | 1,998 | 2,399 | 1,949 | |
Gold income per segment information ($m) | 323 | 262 | 1,150 | 934 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 754 | 761 | 846 | 872 | |
By-product credits | (6) | (3) | (5) | (3) | |
Royalties | 143 | 111 | 143 | 116 | |
Total cash costs* ($/ounce produced) | 892 | 868 | 984 | 984 | |
Total cash costs* ($m) | 121 | 123 | 476 | 477 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 892 | 868 | 984 | 984 | |
Inventory movements | (35) | (15) | (6) | 1 | |
Adjusted for decommissioning, inventory amortisation and other | (2) | (5) | (3) | (3) | |
Rehabilitation and other non-cash costs | 5 | 21 | 6 | 3 | |
Lease payment sustaining | 48 | 54 | 47 | 54 | |
Sustaining exploration and study costs | (14) | 35 | 13 | 26 | |
Sustaining capital expenditure | 434 | 464 | 377 | 337 | |
All-in sustaining costs* ($/ounce sold) | 1,327 | 1,423 | 1,418 | 1,403 | |
All-in sustaining costs* ($m) | 161 | 186 | 680 | 672 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 52 | 61 | 181 | 162 | |
Non-sustaining capital expenditure* | 6 | 3 | 15 | 29 | |
Total capital expenditure | 58 | 64 | 196 | 191 | |
(1) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 12 | ![]() | ||||
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OPERATING STATISTICS I SUKARI | ||||||
SUKARI(1) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 68 | — | 68 | — | |
Underground ore | 71 | — | 71 | — | |
Total underground | 139 | — | 139 | — | |
Underground ore mined grade (g/tonne) | 4.30 | — | 4.30 | — | |
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 1,027 | — | 1,027 | — | |
Open pit waste | 6,457 | — | 6,457 | — | |
Total open pit | 7,484 | — | 7,484 | — | |
Open pit mined grade (g/tonne) | 0.95 | — | 0.95 | — | |
Heap leach tonnes mined (000 tonnes): | |||||
Heap leach ore mined | 423 | — | 423 | — | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 93 | — | 93 | — | |
Open pit operations | 763 | — | 763 | — | |
Total tonnes milled/processed | 856 | — | 856 | — | |
Heap leach placed | 423 | — | 423 | — | |
Average mill head grade (g/tonne) | 1.46 | — | 1.46 | — | |
Recovery rate | 89.9% | —% | 89.9% | — | |
Total recovered grade (g/tonne) | 0.97 | — | 0.97 | — | |
Gold ounces produced oz(000) | 40 | 40 | |||
Gold ounces sold oz(000) | 44 | 44 | |||
Average gold price received*(2) ($/ounce) | 2,669 | — | 2,669 | — | |
Gold income per segment information ($m) | 119 | — | 119 | — | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,085 | — | 1,085 | — | |
By-product credits | (8) | — | (8) | — | |
Royalties | 89 | — | 89 | — | |
Total cash costs* ($/ounce produced) | 1,165 | — | 1,165 | — | |
Total cash costs* ($m) | 46 | 46 | |||
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,165 | — | 1,165 | — | |
Inventory movements | 258 | — | 258 | — | |
Adjusted for decommissioning, inventory amortisation and other | — | — | — | — | |
Rehabilitation and other non-cash costs | 2 | — | 2 | — | |
Lease payment sustaining | 4 | — | 4 | — | |
Sustaining exploration and study costs | — | — | — | — | |
Sustaining capital expenditure(3) | 428 | — | 428 | — | |
All-in sustaining costs* ($/ounce sold)(3) | 1,858 | — | 1,858 | — | |
All-in sustaining costs* ($m)(3) | 83 | 83 | |||
Capital expenditure ($m): | |||||
Sustaining capital expenditure*(3) | 20 | — | 20 | — | |
Non-sustaining capital expenditure* | — | — | — | — | |
Total capital expenditure(3) | 20 | — | 20 | — | |
(1) On a consolidated basis. Sukari is owned 50% by AngloGold Ashanti. | |||||
(2) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
(3) Due to the short timeframe since the acquisition, the sustaining capital expenditures may not accurately reflect typical spending patterns. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 13 | ![]() | ||||
OPERATING STATISTICS I SUNRISE DAM | ||||||
SUNRISE DAM | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 193 | 225 | 726 | 675 | |
Underground ore | 588 | 671 | 2,522 | 2,657 | |
Total underground | 781 | 896 | 3,248 | 3,332 | |
Underground ore mined grade (g/tonne) | 2.72 | 2.70 | 3.21 | 2.94 | |
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 153 | 240 | 396 | 1,443 | |
Open pit waste | 1,697 | 1,215 | 8,487 | 2,831 | |
Total open pit | 1,850 | 1,455 | 8,883 | 4,274 | |
Open pit mined grade (g/tonne) | 2.87 | 1.32 | 2.33 | 1.38 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 622 | 631 | 2,399 | 2,512 | |
Open pit operations | 331 | 377 | 1,494 | 1,390 | |
Total tonnes milled/processed | 953 | 1,008 | 3,893 | 3,902 | |
Average mill head grade (g/tonne) | 2.33 | 2.27 | 2.43 | 2.43 | |
Recovery rate | 87.6% | 82.5% | 85.5% | 82.5% | |
Total recovered grade (g/tonne) | 2.15 | 1.91 | 2.07 | 2.01 | |
Gold ounces produced oz(000) | 66 | 62 | 259 | 252 | |
Gold ounces sold oz(000) | 66 | 63 | 261 | 256 | |
Average gold price received*(1) ($/ounce) | 2,653 | 1,972 | 2,402 | 1,939 | |
Gold income per segment information ($m) | 176 | 124 | 626 | 495 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,334 | 1,271 | 1,283 | 1,274 | |
By-product credits | (8) | (6) | (6) | (7) | |
Royalties | 80 | 49 | 67 | 51 | |
Total cash costs* ($/ounce produced) | 1,406 | 1,314 | 1,343 | 1,318 | |
Total cash costs* ($m) | 93 | 81 | 347 | 333 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,406 | 1,314 | 1,343 | 1,318 | |
Inventory movements | (2) | (2) | 2 | 5 | |
Adjusted for decommissioning, inventory amortisation and other | (4) | (5) | (4) | (5) | |
Rehabilitation and other non-cash costs | 18 | 26 | 6 | 3 | |
Lease payment sustaining | 66 | 121 | 67 | 67 | |
Sustaining exploration and study costs | 6 | 2 | 4 | 9 | |
Sustaining capital expenditure | 399 | 240 | 247 | 186 | |
All-in sustaining costs* ($/ounce sold) | 1,888 | 1,696 | 1,665 | 1,583 | |
All-in sustaining costs* ($m) | 125 | 107 | 434 | 404 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 26 | 15 | 65 | 47 | |
Non-sustaining capital expenditure* | — | — | — | — | |
Total capital expenditure | 26 | 15 | 65 | 47 | |
(1) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 14 | ![]() | ||||
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OPERATING STATISTICS I TROPICANA | ||||||
TROPICANA(1) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 80 | 77 | 350 | 352 | |
Underground ore | 353 | 349 | 1,318 | 1,265 | |
Total underground | 433 | 426 | 1,668 | 1,617 | |
Underground ore mined grade (g/tonne) | 3.51 | 3.29 | 3.29 | 3.15 | |
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 1,406 | 1,177 | 3,157 | 3,301 | |
Open pit waste | 6,968 | 11,209 | 33,589 | 45,022 | |
Total open pit | 8,374 | 12,386 | 36,746 | 48,323 | |
Open pit mined grade (g/tonne) | 1.77 | 1.59 | 1.63 | 1.48 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 355 | 371 | 1,310 | 1,296 | |
Open pit operations | 1,272 | 1,239 | 4,933 | 5,341 | |
Total tonnes milled/processed | 1,627 | 1,610 | 6,243 | 6,637 | |
Average mill head grade (g/tonne) | 2.13 | 1.96 | 1.73 | 1.62 | |
Recovery rate | 90.2% | 89.3% | 90.0% | 89.8% | |
Total recovered grade (g/tonne) | 1.92 | 1.85 | 1.56 | 1.45 | |
Gold ounces produced oz(000) | 100 | 96 | 313 | 310 | |
Gold ounces sold oz(000) | 100 | 85 | 317 | 301 | |
Average gold price received*(2) ($/ounce) | 2,649 | 1,986 | 2,422 | 1,946 | |
Gold income per segment information ($m) | 265 | 169 | 768 | 586 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 867 | 978 | 1,080 | 1,066 | |
By-product credits | (8) | (8) | (9) | (9) | |
Royalties | 65 | 44 | 61 | 48 | |
Total cash costs* ($/ounce produced) | 924 | 1,015 | 1,132 | 1,105 | |
Total cash costs* ($m) | 93 | 97 | 354 | 343 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 924 | 1,015 | 1,132 | 1,105 | |
Inventory movements | 7 | (44) | 8 | (12) | |
Adjusted for decommissioning, inventory amortisation and other | 1 | 2 | 1 | 2 | |
Rehabilitation and other non-cash costs | 22 | 35 | 7 | 7 | |
Lease payment sustaining | 25 | 30 | 31 | 34 | |
Sustaining exploration and study costs | 1 | 1 | — | 1 | |
Sustaining capital expenditure | 106 | 190 | 117 | 167 | |
All-in sustaining costs* ($/ounce sold) | 1,086 | 1,228 | 1,297 | 1,304 | |
All-in sustaining costs* ($m) | 109 | 104 | 411 | 393 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 11 | 16 | 37 | 50 | |
Non-sustaining capital expenditure* | 3 | — | 51 | 37 | |
Total capital expenditure | 14 | 16 | 88 | 87 | |
(1) On an attributable basis. Tropicana is owned 70% by AngloGold Ashanti. | |||||
(2) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 15 | ![]() | ||||
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OPERATING STATISTICS I CERRO VANGUARDIA | ||||||
CERRO VANGUARDIA(1) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 48 | 22 | 115 | 114 | |
Underground ore | 122 | 135 | 439 | 448 | |
Total underground | 170 | 157 | 554 | 562 | |
Underground ore mined grade (g/tonne) | 5.56 | 4.44 | 5.48 | 4.60 | |
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 242 | 185 | 799 | 740 | |
Open pit waste | 5,457 | 5,071 | 19,466 | 18,820 | |
Total open pit | 5,699 | 5,256 | 20,265 | 19,560 | |
Open pit mined grade (g/tonne) | 2.71 | 3.65 | 2.74 | 3.13 | |
Heap leach tonnes mined (000 tonnes): | |||||
Heap leach ore mined | 364 | 384 | 1,194 | 1,535 | |
Heap leach recovered grade (g/tonne) | 0.27 | 0.32 | 0.48 | 0.39 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 122 | 135 | 439 | 449 | |
Open pit operations | 218 | 192 | 814 | 808 | |
Total tonnes milled/processed | 340 | 327 | 1,253 | 1,257 | |
Heap leach placed | 596 | 467 | 2,020 | 1,779 | |
Average mill head grade (g/tonne) | 3.83 | 3.50 | 3.68 | 3.57 | |
Recovery rate | 95.4% | 94.7% | 95.2% | 95.2% | |
Total recovered grade (g/tonne) | 1.56 | 1.62 | 1.67 | 1.68 | |
Gold ounces produced oz(000) | 47 | 41 | 175 | 164 | |
Gold ounces sold oz(000) | 44 | 41 | 183 | 163 | |
Average gold price received*(2) ($/ounce) | 2,655 | 1,999 | 2,389 | 1,943 | |
Gold income per segment information ($m) | 116 | 83 | 439 | 317 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,621 | 1,543 | 1,525 | 1,476 | |
By-product credits | (636) | (751) | (622) | (567) | |
Royalties | 170 | 151 | 171 | 136 | |
Total cash costs* ($/ounce produced) | 1,155 | 943 | 1,073 | 1,045 | |
Total cash costs* ($m) | 54 | 39 | 189 | 172 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,155 | 943 | 1,073 | 1,045 | |
Inventory movements | (112) | 85 | (55) | 19 | |
Adjusted for decommissioning, inventory amortisation and other | 144 | 12 | 53 | 12 | |
Rehabilitation and other non-cash costs | 56 | (29) | 53 | 10 | |
Lease payment sustaining | — | — | — | — | |
Sustaining exploration and study costs | 25 | 13 | 33 | 35 | |
Sustaining capital expenditure | 542 | 636 | 387 | 460 | |
All-in sustaining costs* ($/ounce sold) | 1,811 | 1,660 | 1,544 | 1,581 | |
All-in sustaining costs* ($m) | 79 | 68 | 284 | 257 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 24 | 26 | 71 | 75 | |
Non-sustaining capital expenditure* | — | — | — | — | |
Total capital expenditure | 24 | 26 | 71 | 75 | |
(1) On a consolidated basis. Cerro Vanguardia is owned 92.50% by AngloGold Ashanti. | |||||
(2) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 16 | ![]() | ||||
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OPERATING STATISTICS I ANGLOGOLD ASHANTI MINERAÇÃO | ||||||
ANGLOGOLD ASHANTI MINERAÇÃO(1) | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 320 | 255 | 1,216 | 1,157 | |
Underground ore | 247 | 131 | 662 | 517 | |
Concentrate ore | 80 | 285 | 761 | 1,102 | |
Total underground | 647 | 671 | 2,640 | 2,776 | |
Underground ore mined grade (g/tonne) | 7.50 | 3.51 | 6.39 | 4.28 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 245 | 84 | 663 | 526 | |
Concentrate | 80 | 340 | 765 | 1,101 | |
Total tonnes milled/processed | 325 | 424 | 1,428 | 1,627 | |
Average mill head grade (g/tonne) | 7.50 | 5.26 | 6.32 | 4.77 | |
Recovery rate | 96.3% | 86.1% | 96.4% | 88.4% | |
Total recovered grade (g/tonne) | 7.15 | 5.37 | 5.90 | 4.82 | |
Gold ounces produced oz(000) | 75 | 73 | 271 | 252 | |
Gold ounces sold oz(000) | 74 | 74 | 274 | 242 | |
Average gold price received*(2) ($/ounce) | 2,624 | 1,826 | 2,313 | 1,779 | |
Gold income per segment information ($m)(3) | 195 | 135 | 634 | 431 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 835 | 921 | 845 | 1,019 | |
By-product credits | (24) | (1) | (7) | (7) | |
Royalties | 47 | 38 | 38 | 29 | |
Total cash costs* ($/ounce produced) | 859 | 957 | 876 | 1,041 | |
Total cash costs* ($m) | 64 | 70 | 237 | 262 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 859 | 957 | 876 | 1,041 | |
Inventory movements | 17 | 45 | (2) | 41 | |
Adjusted for decommissioning, inventory amortisation and other | (4) | (41) | 2 | (3) | |
Rehabilitation and other non-cash costs | (32) | 7 | (5) | 2 | |
Lease payment sustaining | 85 | 92 | 99 | 108 | |
Sustaining exploration and study costs | 12 | 4 | 6 | 3 | |
Sustaining capital expenditure | 407 | 279 | 358 | 423 | |
All-in sustaining costs* ($/ounce sold) | 1,344 | 1,343 | 1,334 | 1,615 | |
All-in sustaining costs* ($m) | 100 | 100 | 365 | 392 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 30 | 21 | 98 | 122 | |
Non-sustaining capital expenditure* | — | 2 | — | 2 | |
Total capital expenditure | 30 | 23 | 98 | 124 | |
(1) All financial periods within the financial year ended 31 December 2023 have been adjusted to exclude the Córrego do Sítio (“CdS”) operation that was placed on care and maintenance in August 2023. All gold production, gold sold, average gold price received per ounce*, all-in sustaining costs per ounce*, all-in costs per ounce* and total cash costs per ounce* metrics have been adjusted to exclude the CdS operation, unless otherwise stated. | |||||
(2) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
(3) Excludes CdS gold income of $4m and $84m for the quarter and the year ended 31 December 2024 respectively. | |||||
Rounding of figures may result in computational discrepancies. |
QUARTER 4 2024 EARNINGS RELEASE: OPERATING STATISTICS | 17 | ![]() | ||||
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OPERATING STATISTICS I SERRA GRANDE | ||||||
SERRA GRANDE | Quarter | Quarter | Year | Year | |
ended | ended | ended | ended | ||
Dec | Dec | Dec | Dec | ||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Underground tonnes mined (000 tonnes): | |||||
Underground waste | 87 | 32 | 537 | 292 | |
Underground ore | 216 | 266 | 854 | 1,044 | |
Total underground | 303 | 298 | 1,391 | 1,336 | |
Underground ore mined grade (g/tonne) | 2.66 | 2.90 | 2.87 | 2.64 | |
Open pit tonnes mined (000 tonnes): | |||||
Open pit ore | 99 | 23 | 159 | 72 | |
Open pit waste | 108 | 298 | 816 | 1,147 | |
Total open pit | 207 | 321 | 975 | 1,219 | |
Open pit mined grade (g/tonne) | 1.44 | 1.39 | 1.35 | 1.34 | |
Tonnes milled/processed (000 tonnes): | |||||
Underground operations | 260 | 267 | 897 | 1,053 | |
Open pit operations | 85 | 23 | 142 | 72 | |
Total tonnes milled/processed | 345 | 290 | 1,039 | 1,125 | |
Average mill head grade (g/tonne) | 1.95 | 2.50 | 2.33 | 2.28 | |
Recovery rate | 90.9% | 93.7% | 92.3% | 93.4% | |
Total recovered grade (g/tonne) | 2.01 | 2.63 | 2.39 | 2.37 | |
Gold ounces produced oz(000) | 22 | 25 | 80 | 86 | |
Gold ounces sold oz(000) | 22 | 25 | 80 | 86 | |
Average gold price received*(1) ($/ounce) | 2,670 | 1,999 | 2,402 | 1,945 | |
Gold income per segment information ($m) | 58 | 50 | 191 | 167 | |
Total cash costs* ($/ounce): | |||||
Operating costs | 1,286 | 1,261 | 1,359 | 1,454 | |
By-product credits | — | (1) | — | (1) | |
Royalties | 53 | 47 | 52 | 45 | |
Total cash costs* ($/ounce produced) | 1,338 | 1,307 | 1,411 | 1,498 | |
Total cash costs* ($m) | 30 | 32 | 113 | 128 | |
All-in sustaining costs* ($/ounce): | |||||
Total cash costs* | 1,338 | 1,307 | 1,411 | 1,498 | |
Inventory movements | (2) | 4 | 3 | (4) | |
Adjusted for decommissioning, inventory amortisation and other | 13 | — | — | 6 | |
Rehabilitation and other non-cash costs | (177) | (46) | 1 | (41) | |
Lease payment sustaining | 105 | 94 | 125 | 89 | |
Sustaining exploration and study costs | 1 | (2) | 2 | 4 | |
Sustaining capital expenditure | 565 | 567 | 497 | 647 | |
All-in sustaining costs* ($/ounce sold) | 1,842 | 1,925 | 2,039 | 2,198 | |
All-in sustaining costs* ($m) | 40 | 49 | 162 | 189 | |
Capital expenditure ($m): | |||||
Sustaining capital expenditure* | 12 | 14 | 40 | 55 | |
Non-sustaining capital expenditure* | — | — | — | — | |
Total capital expenditure | 12 | 14 | 40 | 55 | |
(1) Average gold price received per ounce is calculated by dividing the US dollar value of gold income revenue metric by the ounces of gold sold. | |||||
Rounding of figures may result in computational discrepancies. |