Operating and financial results

UNITED STATES DOLLARS		Total Mine Continuing Operations	South Africa Region	West Africa Region				South America Region
						Ghana		Peru
			South Deep		Total	Tarkwa	Damang	Cerro Corona
Operating Results
Ore milled/treated (000 tonnes)	March 2014	8,877	389		4,653	3,574	1,079	1,714
	December 2013	10,080	578		5,818	4,819	999	1,640
Yield (grams per tonne)	March 2014	2.0	4.7		1.3	1.2	1.3	1.5
	December 2013	1.9	4.3		1.1	1.0	1.4	1.5
Gold produced (000 ounces)	March 2014	576.9	59.2		191.9	145.2	46.7	80.5
	December 2013	618.6	79.4		205.4	160.0	45.4	79.2
Gold sold (000 ounces)	March 2014	557.1	59.2		191.9	145.2	46.7	60.7
	December 2013	617.3	79.4		205.4	160.0	45.4	77.9
Gold price received (dollars per ounce)	March 2014	1,283	1,299		1,291	1,290	1,294	1,232
	December 2013	1,265	1,274		1,270	1,270	1,270	1,156
Operating costs (dollar per tonne)	March 2014	48	169		30	26	41	22
	December 2013	48	134		29	25	50	23
All-in-sustaining costs (dollar per ounce)	March 2014	1,052	1,345		1,039	1,016	1,111	97
	December 2013	1,051	1,399		1,132	1,096	1,261	207
All-in-costs (dollar per ounce)	March 2014	1,081	1,597		1,039	1,016	1,111	97
	December 2013	1,056	1,436		1,132	1,096	1,261	207
Financial Results ($ million)
Revenue	March 2014	714.6	76.8		247.7	187.2	60.5	74.8
	December 2013	780.7	101.2		260.8	203.2	57.6	90.0
Net operating costs	March 2014	(422.7)	(65.8)		(136.9)	(95.5)	(41.4)	(24.3)
	December 2013	(468.4)	(76.7)		(167.5)	(118.1)	(49.4)	(34.9)
- Operating costs	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
Operating profit	March 2014	291.9	11.0		110.8	91.7	19.0	50.5
	December 2013	312.3	24.4		93.3	85.1	8.2	55.1
Amortisation of mining assets	March 2014	(158.1)	(19.7)		(40.3)	(35.8)	(4.5)	(18.6)
	December 2013	(182.0)	(22.2)		(45.5)	(39.0)	(6.4)	(13.0)
Net operating profit	March 2014	133.8	(8.7)		70.5	56.0	14.5	31.8
	December 2013	130.2	2.3		47.9	46.1	1.7	42.1
Other expenses	March 2014	(19.6)	(5.8)		(5.2)	(2.9)	(2.3)	(1.8)
	December 2013	(10.1)	(7.0)		-	-	-	(2.4)
Profit before royalties and taxation	March 2014	114.3	(14.5)		65.3	53.1	12.2	30.0
	December 2013	120.1	(4.7)		47.8	46.1	1.7	38.9
Royalties, mining and income taxation	March 2014	(46.6)	4.0		(25.6)	(20.0)	(5.5)	(9.9)
	December 2013	124.5	2.3		61.2	2.1	59.0	(16.1)
- Normal taxation	March 2014	(17.5)	-		(5.3)	(5.3)	-	(12.1)
	December 2013	(16.7)	-		(4.3)	(5.2)	0.9	(13.1)
- 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)
- Deferred taxation	March 2014	(7.1)	4.4		(7.9)	(5.4)	(2.5)	3.8
	December 2013	165.7	2.8		78.5	17.5	61.0	(0.3)
Profit before non-recurring items	March 2014	67.6	(10.5)		39.8	33.1	6.7	20.1
	December 2013	244.6	(2.4)		109.0	48.2	60.8	22.8
Non-recurring items	March 2014	(20.5)	(1.2)		(15.7)	(13.3)	(2.4)	-
	December 2013	(594.3)	(5.0)		(264.7)	(92.0)	(172.7)	(10.4)
Net profit	March 2014	47.1	(11.7)		24.0	19.8	4.3	20.1
	December 2013	(349.6)	(7.3)		(155.7)	(43.8)	(111.9)	13.3
Net profit excluding gains and	March 2014	60.9	(10.9)		34.8	28.3	6.5	19.6
losses on foreign exchange	December 2013	88.9	(2.9)		6.1	10.0	(3.8)	63.2

Capital expenditure	March 2014	(141.3)	(26.0)		(45.5)	(38.8)	(6.7)	(6.7)
	December 2013	(147.0)	(34.9)		(43.7)	(38.2)	(5.5)	(14.3)

Average exchange rates were US$1 = R10.85 and US$1 = R10.11 for the March 2014 and December 2013 quarters respectively. The Australian dollar exchange rates were A$1 = R9.70 and A$1 = R9.41 for the March 2014 and December 2013 quarters respectively.