All-in-costs
World Gold Council Industry Standard
Figures are in US dollar million unless otherwise stated
| |
UNITED STATES DOLLARS |
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|
South
Africa
Region |
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West Africa Region |
South
America |
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| |
|
|
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Ghana |
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Peru |
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Tarkwa |
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Damang |
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Operating costs(1) |
March 2014 |
|
(430.2) |
|
|
(65.8) |
|
|
(138.4) |
|
(94.1) |
|
(44.3) |
|
(37.1) |
|
|
| |
|
December 2013 |
|
(483.6) |
|
|
(76.7) |
|
|
(168.5) |
|
(118.5) |
|
(50.0) |
|
(38.2) |
|
|
| |
Gold inventory change |
March 2014 |
|
7.5 |
|
|
- |
|
|
1.5 |
|
(1.4) |
|
2.8 |
|
12.7 |
|
|
| |
|
December 2013 |
|
15.2 |
|
|
- |
|
|
0.9 |
|
0.4 |
|
0.6 |
|
3.3 |
|
|
| |
Inventory write-off |
March 2014 |
|
- |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
|
December 2013 |
|
- |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
Royalties |
March 2014 |
|
(22.0) |
|
|
(0.4) |
|
|
(12.4) |
|
(9.4) |
|
(3.0) |
|
(1.6) |
|
|
| |
|
December 2013 |
|
(24.5) |
|
|
(0.5) |
|
|
(13.0) |
|
(10.2) |
|
(2.9) |
|
(2.7) |
|
|
| |
Realised gains/losses on commodity cost hedges |
March 2014 |
|
0.2 |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
|
December 2013 |
|
(0.1) |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
Community/social responsibility costs |
March 2014 |
|
(2.1) |
|
|
(0.8) |
|
|
(0.5) |
|
(0.4) |
|
(0.1) |
|
(0.8) |
|
|
| |
|
December 2013 |
|
(11.4) |
|
|
(1.1) |
|
|
(7.4) |
|
(7.6) |
|
0.2 |
|
(2.9) |
|
|
| |
Non-cash remuneration – share-based payments |
March 2014 |
|
(11.1) |
|
|
(1.2) |
|
|
(1.7) |
|
(1.3) |
|
(0.4) |
|
(1.1) |
|
|
| |
|
December 2013 |
|
(3.2) |
|
|
(0.8) |
|
|
(0.3) |
|
(0.8) |
|
0.5 |
|
0.3 |
|
|
| |
Other |
March 2014 |
|
(2.6) |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
|
December 2013 |
|
- |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
By-product credits |
March 2014 |
|
33.3 |
|
|
0.2 |
|
|
0.2 |
|
0.2 |
|
- |
|
32.5 |
|
|
| |
|
December 2013 |
|
48.2 |
|
|
0.2 |
|
|
0.3 |
|
0.3 |
|
- |
|
47.5 |
|
|
| |
Rehabilitation amortisation and interest |
March 2014 |
|
(6.1) |
|
|
(0.5) |
|
|
(2.6) |
|
(2.3) |
|
(0.3) |
|
(0.8) |
|
|
| |
|
December 2013 |
|
(3.5) |
|
|
(0.1) |
|
|
(0.9) |
|
(0.8) |
|
(0.1) |
|
(0.6) |
|
|
| |
Sustaining capital expenditure |
March 2014 |
|
(126.4) |
|
|
(11.1) |
|
|
(45.5) |
|
(38.8) |
|
(6.7) |
|
(6.7) |
|
|
| |
|
December 2013 |
|
(144.0) |
|
|
(31.9) |
|
|
(43.7) |
|
(38.2) |
|
(5.5) |
|
(14.3) |
|
|
| |
All-in sustaining costs(2) |
March 2014 |
|
(559.5) |
|
|
(79.6) |
|
|
(199.4) |
|
(147.4) |
|
(52.0) |
|
(2.8) |
|
|
| |
|
December 2013 |
|
(606.9) |
|
|
(111.0) |
|
|
(232.6) |
|
(175.3) |
|
(57.2) |
|
(7.6) |
|
|
| |
Exploration, feasibility and evaluation costs |
March 2014 |
|
(10.3) |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
|
December 2013 |
|
(16.9) |
|
|
- |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
Non sustaining capital expenditure |
March 2014 |
|
(14.9) |
|
|
(14.9) |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
|
December 2013 |
|
(7.0) |
|
|
(3.0) |
|
|
- |
|
- |
|
- |
|
- |
|
|
| |
Total all-in cost(3) |
March 2014 |
|
(584.7) |
|
|
(94.5) |
|
|
(199.4) |
|
(147.4) |
|
(52.0) |
|
(2.8) |
|
|
| |
|
December 2013 |
|
(630.8) |
|
|
(114.1) |
|
|
(232.6) |
|
(175.3) |
|
(57.2) |
|
(7.6) |
|
|
| |
Total all-in sustaining costs |
March 2014 |
|
(559.5) |
|
|
(79.6) |
|
|
(199.4) |
|
(147.4) |
|
(52.0) |
|
(2.8) |
|
|
| |
|
December 2013 |
|
(606.9) |
|
|
(111.0) |
|
|
(232.6) |
|
(175.3) |
|
(57.2) |
|
(7.6) |
|
|
| |
Gold only ounces sold – (000 ounces) |
March 2014 |
|
524.8 |
|
|
59.2 |
|
|
191.9 |
|
145.2 |
|
46.7 |
|
28.5 |
|
|
| |
|
December 2013 |
|
576.1 |
|
|
79.4 |
|
|
205.4 |
|
160.0 |
|
45.4 |
|
36.6 |
|
|
| |
AISC per ounce of gold sold US$/oz |
March 2014 |
|
1,066 |
|
|
1,345 |
|
|
1,039 |
|
1,016 |
|
1,111 |
|
97 |
|
|
| |
|
December 2013 |
|
1,054 |
|
|
1,399 |
|
|
1,132 |
|
1,096 |
|
1,261 |
|
207 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total all-in costs |
March 2014 |
|
(584.7) |
|
|
(94.5) |
|
|
(199.4) |
|
(147.4) |
|
(52.0) |
|
(2.8) |
|
|
| |
|
December 2013 |
|
(630.8) |
|
|
(114.1) |
|
|
(232.6) |
|
(175.3) |
|
(57.2) |
|
(7.6) |
|
|
| |
Gold only ounces sold – (000 ounces) |
March 2014 |
|
524.8 |
|
|
59.2 |
|
|
191.9 |
|
145.2 |
|
46.7 |
|
28.5 |
|
|
| |
|
December 2013 |
|
576.1 |
|
|
79.4 |
|
|
205.4 |
|
160.0 |
|
45.4 |
|
36.6 |
|
|
| |
AIC per ounce of gold sold US$/oz |
March 2014 |
|
1,114 |
|
|
1,597 |
|
|
1,039 |
|
1,016 |
|
1,111 |
|
97 |
|
|
| |
|
December 2013 |
|
1,095 |
|
|
1,436 |
|
|
1,132 |
|
1,096 |
|
1,261 |
|
207 |
|
|
DEFINITIONS
| All-in costs are calculated in accordance with the World Gold Council Industry standard. |
| (1) |
Operating costs – As published and includes all mining and processing costs, third party refining costs, permitting costs and corporate G&A charges. |
| (2) |
All-in sustaining costs – Include operating costs and costs detailed above, including sustaining capital expenditure based on managed gold sales. |
| (3) |
Total All-in cost – Includes sustaining and group costs, excluding income tax, M&A activity, working capital, impairments (other than inventory impairments), financing costs, one-time
severance charges and items to normalise earnings. |
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