Operating and financial results

SOUTH AFRICAN RAND		West Africa Region			South America Region	Australasia Region^#
		Ghana			Peru	Australia
		Total	Tarkwa	Damang	Cerro Corona	Total	St Ives	Agnew
Operating Results
Ore milled/treated (000 tonnes)	June 2011	7,155	5,883	1,272	1,717	1,907	1,676	231
	March 2011	7,053	5,803	1,250	1,582	1,803	1,619	184
	Year to date	14,208	11,686	2,522	3,299	3,710	3,295	415
Yield (grams per tonne)	June 2011	1.0	1.0	1.4	1.8	2.6	2.0	6.8
	March 2011	1.1	1.0	1.4	2.1	2.7	2.3	6.4
	Year to date	1.1	1.0	1.4	2.0	2.7	2.2	6.6
Gold produced (kilograms)	June 2011	7,377	5,625	1,752	3,143	4,948	3,379	1,569
	March 2011	7,574	5,787	1,787	3,362	4,926	3,747	1,179
	Year to date	14,951	11,412	3,539	6,505	9,874	7,126	2,748
Gold sold (kilograms)	June 2011	7,377	5,625	1,752	3,157	4,948	3,379	1,569
	March 2011	7,574	5,787	1,787	3,491	4,926	3,747	1,179
	Year to date	14,951	11,412	3,539	6,648	9,874	7,126	2,748
Gold price received (Rand per kilogram)	June 2011	329,375	329,387	329,338	304,846	327,890	327,079	329,637
	March 2011	310,180	310,161	310,241	312,088	312,850	312,410	314,249
	Year to date	319,651	319,637	319,695	308,649	320,387	319,366	323,035
Total cash cost (Rand per kilogram)	June 2011	122,841	116,302	143,836	88,882	198,080	221,367	147,929
	March 2011	116,887	104,234	157,862	86,823	188,023	193,541	170,483
	Year to date	119,825	110,182	150,918	87,801	193,063	206,736	157,606
Notional cash expenditure (Rand per kilogram)	June 2011	193,019	193,689	190,868	114,604	275,788	298,935	225,940
	March 2011	210,496	195,542	258,926	120,494	232,887	224,393	259,881
	Year to date	201,873	194,628	225,233	117,648	254,385	259,739	240,502
Operating costs (Rand per tonne)	June 2011	134	125	174	148	506	438	996
	March 2011	143	127	221	182	486	417	1,097
	Year to date	139	126	197	165	496	428	1,041
Financial Results (Rand million)
Revenue	June 2011	2,429.8	1,852.8	577.0	962.4	1,622.4	1,105.2	517.2
	March 2011	2,349.3	1,794.9	554.4	1,089.5	1,541.1	1,170.6	370.5
	Year to date	4,779.1	3,647.7	1,131.4	2,051.9	3,163.5	2,275.8	887.7
Net operating costs	June 2011	(825.0)	(595.6)	(229.4)	(258.3)	(966.9)	(740.2)	(226.7)
	March 2011	(850.8)	(576.4)	(274.4)	(305.0)	(939.9)	(735.6)	(204.3)
	Year to date	(1,675.8)	(1,172.0)	(503.8)	(563.3)	(1,906.8)	(1,475.8)	(431.0)
- Operating costs	June 2011	(957.0)	(735.5)	(221.5)	(254.7)	(965.0)	(734.9)	(230.1)
	March 2011	(1,011.4)	(735.7)	(275.7)	(288.1)	(876.8)	(675.0)	(201.8)
	Year to date	(1,968.4)	(1,471.2)	(497.2)	(542.8)	(1,841.8)	(1,409.9)	(431.9)
- Gold inventory change	June 2011	132.0	139.9	(7.9)	(3.6)	(1.9)	(5.3)	3.4
	March 2011	160.6	159.3	1.3	(16.9)	(63.1)	(60.6)	(2.5)
	Year to date	292.6	299.2	(6.6)	(20.5)	(65.0)	(65.9)	0.9
Operating profit	June 2011	1,604.8	1,257.2	347.6	704.1	655.5	365.0	290.5
	March 2011	1,498.5	1,218.5	280.0	784.5	601.2	435.0	166.2
	Year to date	3,103.3	2,475.7	627.6	1,488.6	1,256.7	800.0	456.7
Amortisation of mining assets	June 2011	(211.8)	(174.6)	(37.2)	(102.7)	(260.6)
	March 2011	(222.4)	(180.6)	(41.8)	(97.3)	(234.6)
	Year to date	(434.2)	(355.2)	(79.0)	(200.0)	(495.2)
Net operating profit	June 2011	1,393.0	1,082.6	310.4	601.4	394.9
	March 2011	1,276.1	1,037.9	238.2	687.2	366.6
	Year to date	2,669.1	2,120.5	548.6	1,288.6	761.5
Other expenses	June 2011	(56.0)	(39.6)	(16.4)	(22.2)	(10.1)
	March 2011	(30.9)	(21.8)	(9.1)	(23.4)	(10.1)
	Year to date	(86.9)	(61.4)	(25.5)	(45.6)	(20.2)
Profit before royalties and taxation	June 2011	1,337.0	1,043.0	294.0	579.2	384.8
	March 2011	1,245.2	1,016.1	229.1	663.8	356.5
	Year to date	2,582.2	2,059.1	523.1	1,243.0	741.3
Royalties, mining and income taxation	June 2011	(458.6)	(359.9)	(98.7)	(202.9)	(141.8)
	March 2011	(414.1)	(335.2)	(78.9)	(181.8)	(131.5)
	Year to date	(872.7)	(695.1)	(177.6)	(384.7)	(273.3)
- Normal taxation	June 2011	(259.7)	(209.4)	(50.3)	(185.2)	-
	March 2011	(320.2)	(291.9)	(28.3)	(208.3)	-
	Year to date	(579.9)	(501.3)	(78.6)	(393.5)	-
- Royalties	June 2011	(122.1)	(93.1)	(29.0)	(30.4)	(41.6)
	March 2011	(70.5)	(53.9)	(16.6)	(19.9)	(38.9)
	Year to date	(192.6)	(147.0)	(45.6)	(50.3)	(80.5)
- Deferred taxation	June 2011	(76.8)	(57.4)	(19.4)	12.7	(100.2)
	March 2011	(23.4)	10.6	(34.0)	46.4	(92.6)
	Year to date	(100.2)	(46.8)	(53.4)	59.1	(192.8)
Profit before non-recurring items	June 2011	878.4	683.1	195.3	376.3	243.0
	March 2011	831.1	680.9	150.2	482.0	225.0
	Year to date	1,709.5	1,364.0	345.5	858.3	468.0
Non-recurring items	June 2011	(42.3)	(8.5)	(33.8)	(0.2)	(16.0)
	March 2011	(26.0)	(23.9)	(2.1)	(1.3)	(12.9)
	Year to date	(68.3)	(32.4)	(35.9)	(1.5)	(28.9)
Net profit	June 2011	836.1	674.6	161.5	376.1	227.0
	March 2011	805.1	657.0	148.1	480.7	212.1
	Year to date	1,641.2	1,331.6	309.6	856.8	439.1
Net profit excluding gains and losses on	June 2011	881.5	690.2	191.3	376.3	241.1
foreign exchange, financial instruments	March 2011	826.0	674.0	152.0	481.6	224.2
and non-recurring items	Year to date	1,707.5	1,364.2	343.3	857.9	465.3
Capital Expenditure	June 2011	(466.9)	(354.0)	(112.9)	(105.5)	(399.6)	(275.2)	(124.4)
	March 2011	(582.9)	(395.9)	(187.0)	(117.0)	(270.4)	(165.8)	(104.6)
	Year to date	(1,049.8)	(749.9)	(299.9)	(222.5)	(670.0)	(441.0)	(229.0)

# As a significant portion of the acquisition price was allocated to tenements of St Ives and Agnew based on endowment ounces and also as these two Australian operations are entitled to transfer and then off-set tax losses from one company to another, it is not meaningful to split the income statement below operating profit.