All-in-costs

WORLD GOLD COUNCIL INDUSTRY STANDARD

Figures are in US dollar million unless otherwise stated

		Total Group Operations	South Africa Region	West Africa Region			South America
				Ghana			Peru
UNITED STATES DOLLARS			South Deep	Total	Tarkwa	Damang	Cerro Corona
Operating costs⁽¹⁾	June 2015	(358.6)	(58.5)	(130.9)	(82.9)	(48.0)	(37.3)
	March 2015	(355.5)	(54.2)	(129.3)	(84.9)	(44.4)	(33.4)
	Year to date	(714.1)	(112.7)	(260.2)	(167.8)	(92.4)	(70.7)
Gold inventory change	June 2015	(23.6)	-	(5.5)	(3.7)	(1.8)	(5.3)
	March 2015	(10.5)	-	3.8	3.3	0.5	5.0
	Year to date	(34.1)	-	(1.7)	(0.4)	(1.2)	(0.3)
Royalties	June 2015	(21.2)	(0.3)	(11.8)	(9.3)	(2.5)	(2.1)
	March 2015	(18.3)	(0.2)	(10.6)	(8.3)	(2.4)	(0.2)
	Year to date	(39.5)	(0.5)	(22.5)	(17.6)	(4.9)	(2.3)
Realised gains/losses on commodity cost hedges	June 2015	(2.3)	-	-	-	-	-
	March 2015	(3.8)	-	-	-	-	-
	Year to date	(6.1)	-	-	-	-	-
Community/social responsibility costs	June 2015	(2.8)	(0.5)	(0.9)	(0.8)	(0.1)	(1.4)
	March 2015	(1.8)	(0.4)	(0.6)	(0.6)	-	(0.8)
	Year to date	(4.6)	(0.9)	(1.5)	(1.4)	(0.1)	(2.2)
Non-cash remuneration – share-based payments	June 2015	(3.0)	(0.3)	(0.5)	(0.4)	(0.1)	(0.4)
	March 2015	(3.1)	(0.3)	(0.5)	(0.4)	(0.1)	(0.3)
	Year to date	(6.1)	(0.6)	(1.0)	(0.8)	(0.2)	(0.7)
Cash remuneration (long-term employee benefits)	June 2015	(0.3)	(0.6)	(0.5)	(0.3)	(0.2)	(0.1)
	March 2015	(3.1)	(0.7)	(1.0)	(0.9)	(0.2)	(0.4)
	Year to date	(3.4)	(1.3)	(1.6)	(1.2)	(0.4)	(0.5)
Other	June 2015	(2.3)	-	-	-	-	-
	March 2015	(2.0)	-	-	-	-	-
	Year to date	(4.3)	-	-	-	-	-
By-product credits	June 2015	42.3	-	0.1	0.1	-	42.0
	March 2015	24.6	0.1	0.8	0.8	-	23.5
	Year to date	66.9	0.1	0.9	0.9	-	65.5
Rehabilitation amortisation and interest	June 2015	(6.5)	(0.2)	(1.2)	(1.0)	(0.2)	(1.2)
	March 2015	(6.7)	(0.2)	(1.1)	(1.0)	(0.1)	(1.2)
	Year to date	(13.3)	(0.4)	(2.3)	(2.0)	(0.3)	(2.5)
Sustaining capital expenditure	June 2015	(154.8)	(13.0)	(52.3)	(48.2)	(4.1)	(12.3)
	March 2015	(170.2)	(14.1)	(88.6)	(84.5)	(4.1)	(6.5)
	Year to date	(325.0)	(27.1)	(140.9)	(132.7)	(8.2)	(18.8)
All-in sustaining costs⁽²⁾	June 2015	(534.1)	(73.3)	(203.3)	(146.5)	(56.8)	(18.1)
	March 2015	(550.1)	(70.0)	(227.1)	(176.4)	(50.7)	(14.3)
	Year to date	(1,083.4)	(143.3)	(430.6)	(323.0)	(107.6)	(32.5)
Exploration, feasibility and evaluation costs	June 2015	(11.9)	-	-	-	-	-
	March 2015	(5.6)	-	-	-	-	-
	Year to date	(17.5)	-	-	-	-	-
Non sustaining capital expenditure	June 2015	(3.5)	(3.5)	-	-	-	-
	March 2015	(4.6)	(4.6)	-	-	-	-
	Year to date	(8.1)	(8.1)	-	-	-	-
Total all-in cost⁽³⁾	June 2015	(549.5)	(76.8)	(203.3)	(146.5)	(56.8)	(18.1)
	March 2015	(560.6)	(74.6)	(227.1)	(176.4)	(50.7)	(14.3)
	Year to date	(1,109.0)	(151.4)	(430.6)	(323.0)	(107.6)	(32.5)

Total all-in sustaining cost	June 2015	(534.1)	(73.3)	(203.3)	(146.5)	(56.8)	(18.1)
	March 2015	(550.4)	(70.0)	(227.1)	(176.4)	(50.7)	(14.3)
	Year to date	(1,083.4)	(143.3)	(430.6)	(323.0)	(107.6)	(32.5)
Gold only ounces sold – (000 ounces)	June 2015	518.9	38.7	197.7	156.2	41.5	47.6
	March 2015	481.6	36.3	174.8	135.8	39.0	29.1
	Year to date	1,000.5	75.0	372.5	292.0	80.5	76.7
AISC per ounce of gold sold US$/oz	June 2015	1,029	1,895	1,029	938	1,370	381
	March 2015	1,143	1,929	1,299	1,299	1,299	493
	Year to date	1,083	1,912	1,156	1,106	1,336	423

Total all-in cost	June 2015	(549.5)	(76.8)	(203.3)	(146.5)	(56.8)	(18.1)
	March 2015	(560.6)	(74.6)	(227.1)	(176.4)	(50.7)	(14.3)
	Year to date	(1,109.0)	(151.4)	(430.6)	(323.0)	(107.6)	(32.5)
Gold only ounces sold – (000 ounces)	June 2015	518.9	38.7	197.7	156.2	41.5	47.6
	March 2015	481.6	36.3	174.8	135.8	39.0	29.1
	Year to date	1,000.5	75.0	372.5	292.0	80.5	76.7
AIC per ounce of gold sold US$/oz	June 2015	1,059	1,986	1,029	938	1,370	381
	March 2015	1,164	2,055	1,299	1,299	1,299	493
	Year to date	1,108	2,020	1,156	1,108	1,336	423

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.