ALL-IN COSTS (Original interpretation)

World Gold Council Industry Standard

					United States Dollars
Figures in millions unless otherwise stated		Total Group Including Equity Accounted Joint Venture	Total Mine Operations Excluding Equity Accounted Joint Venture	Total Mine Continuing Operations Excluding Equity Accounted Joint Venture	South Africa Region	West Africa Region				South America Region
							Ghana			Peru
					South Deep	Total	Tarkwa	Damang	Asanko	Cerro Corona

Cost of sales before gold	Six months to June 2019	(742.9)	(742.9)	(700.3)	(118.5)	(278.4)	(170.3)	(65.5)	(42.6)	(81.2)
inventory change and	Six months to Dec 2018	(729.4)	(730.0)	(688.4)	(111.3)	(276.9)	(159.8)	(75.5)	(41.6)	(82.9)
amortisation and depreciation	Six months to June 2018	(703.0)	(703.2)	(703.2)	(150.7)	(206.9)	(138.9)	(68.0)	–	(77.4)
Gold inventory change	Six months to June 2019	6.1	6.1	5.6	1.2	20.3	13.1	6.8	0.5	-
	Six months to Dec 2018	5.3	5.3	1.1	(6.7)	19.3	1.2	13.8	4.2	5.6
	Six months to June 2018	15.1	15.1	15.1	(2.9)	(6.1)	(11.3)	5.3	–	(0.1)
Royalties	Six months to June 2019	(37.1)	(37.1)	(33.6)	(0.6)	(19.7)	(11.5)	(4.7)	(3.5)	(2.7)
	Six months to Dec 2018	(32.0)	(32.0)	(29.2)	(0.4)	(15.7)	(9.6)	(3.3)	(2.8)	(2.5)
	Six months to June 2018	(33.3)	(33.3)	(33.3)	(0.6)	(15.6)	(11.6)	(4.0)	–	(2.6)
Realised gains/(losses)	Six months to June 2019	4.5	4.5	4.5	–	2.9	2.1	0.8	–	–
on commodity cost hedges	Six months to Dec 2018	7.4	7.4	7.4	–	4.4	3.3	1.1	–	–
	Six months to June 2018	4.8	4.8	4.8	–	3.2	2.2	1.0	–	–
Community/social	Six months to June 2019	(12.6)	(12.6)	(12.5)	(1.1)	(9.3)	(8.5)	(0.7)	(0.1)	(2.2)
responsibility costs	Six months to Dec 2018	(8.4)	(8.4)	(8.4)	(0.2)	(4.3)	(4.1)	(0.2)	–	(4.0)
	Six months to June 2018	(6.2)	(6.2)	(6.2)	(1.1)	(2.8)	(2.6)	(0.2)	–	(2.3)
Non-cash remuneration –	Six months to June 2019	(11.2)	(6.4)	(6.4)	(0.5)	(2.6)	(1.7)	(0.9)	–	(1.1)
share-based payments	Six months to Dec 2018	(17.2)	(12.5)	(12.5)	(2.1)	(4.4)	(3.3)	(1.1)	–	(1.6)
	Six months to June 2018	(20.3)	(14.6)	(14.6)	(2.6)	(4.4)	(3.4)	(1.0)	–	(2.7)
Cash remuneration	Six months to June 2019	(5.8)	(4.2)	(4.2)	(0.7)	(1.0)	(0.7)	(0.3)	–	(0.6)
(long-term incentive plan)	Six months to Dec 2018	0.3	–	–	(0.5)	0.2	0.2	–	–	0.1
	Six months to June 2018	(1.3)	(1.3)	(1.3)	(0.4)	(0.4)	(0.2)	(0.2)	–	0.3
Other	Six months to June 2019	(2.5)	(1.6)	(1.6)	–	–	–	–	–	(1.6)
	Six months to Dec 2018	(5.2)	(1.5)	(1.5)	–	(1.0)	–	–	(1.0)	(0.5)
	Six months to June 2018	(4.8)	(0.6)	(0.6)	–	–	–	–	–	(0.6)
By-product credits	Six months to June 2019	87.3	87.3	87.1	0.1	1.1	0.9	0.1	0.2	85.6
	Six months to Dec 2018	84.7	84.7	84.5	0.1	0.8	0.5	0.2	0.2	83.3
	Six months to June 2018	86.7	86.7	86.7	0.2	0.2	0.2	–	–	85.9
Rehabilitation amortisation	Six months to June 2019	(10.2)	(10.0)	(9.9)	(0.1)	(2.9)	(2.0)	(0.7)	(0.2)	(3.0)
and interest	Six months to Dec 2018	(9.0)	(9.0)	(8.8)	(0.1)	(3.4)	(2.7)	(0.6)	(0.2)	(2.0)
	Six months to June 2018	(9.1)	(9.1)	(9.1)	(0.1)	(3.6)	(2.8)	(0.7)	–	(1.7)
Sustaining capital expenditure	Six months to June 2019	(258.3)	(256.7)	(244.2)	(17.6)	(84.8)	(68.3)	(4.0)	(12.5)^#	(16.4)
	Six months to Dec 2018	(278.2)	(276.9)	(269.0)	(21.3)	(87.4)	(72.5)	(6.9)	(7.9)	(23.3)
	Six months to June 2018	(253.7)	(252.7)	(252.7)	(18.7)	(90.2)	(83.6)	(6.6)	–	(9.9)
Lease payments	Six months to June 2019	(29.9)	(24.5)	(20.6)	(0.1)	(15.2)	(7.6)	(3.6)	(3.9)	(0.4)
	Six months to Dec 2018	(2.3)	(2.3)	(2.3)	–	–	–	–	–	(0.9)
	Six months to June 2018	–	–	–	–	–	–	–	–	–
All-in sustaining costs	Six months to June 2019	(1,012.8)	(998.4)	(936.2)	(137.8)	(389.7)	(254.6)	(72.8)	(62.2)	(23.6)
	Six months to Dec 2018	(983.8)	(975.0)	(925.8)	(142.4)	(368.5)	(246.9)	(72.7)	(49.1)	(28.7)
	Six months to June 2018	(925.1)	(914.6)	(914.6)	(177.0)	(326.5)	(252.0)	(74.3)	–	(11.1)
Exploration, feasibility	Six months to June 2019	(24.1)	(0.8)	–	–	(0.8)	–	–	(0.8)	–
and evaluation costs	Six months to Dec 2018	(39.0)	1.2	1.2	–	1.1	–	1.1	–	0.1
	Six months to June 2018	(39.2)	(1.6)	(1.6)	–	(1.5)	–	(1.5)	–	(0.1)
Non-sustaining capital expenditure	Six months to June 2019	(114.1)	(49.2)	(45.7)	–	(49.2)	–	(45.7)	(3.5)	–
	Six months to Dec 2018	(138.2)	(69.9)	(65.0)	(6.1)	(63.8)	–	(58.9)	(4.9)	–
	Six months to June 2018	(157.1)	(78.3)	(78.3)	(12.2)	(66.1)	–	(66.1)	–	–

Total all-in cost	Six months to June 2019	(1,151.0)	(1,048.5)	(981.9)	(137.8)	(439.7)	(254.6)	(118.6)	(66.5)	(23.6)
	Six months to Dec 2018	(1,161.2)	(1,043.7)	(989.7)	(148.5)	(431.2)	(246.9)	(130.4)	(54.0)	(28.7)
	Six months to June 2018	(1,121.4)	(994.4)	(994.4)	(189.2)	(394.1)	(252.0)	(141.9)	–	(11.1)
Total all-in sustaining cost	Six months to June 2019	(1,012.8)	(998.4)	(936.2)	(137.8)	(389.7)	(254.6)	(72.8)	(62.2)	(23.6)
	Six months to Dec 2018	(983.8)	(975.0)	(925.8)	(142.4)	(368.5)	(246.9)	(72.7)	(49.1)	(28.7)
	Six months to June 2018	(925.1)	(914.6)	(914.6)	(177.0)	(326.5)	(252.0)	(74.3)	–	(11.1)
Gold only ounces sold	Six months to June 2019	1,040.5	1,040.5	986.6	90.1	436.6	270.9	111.8	53.9	81.3
– (000 ounces)	Six months to Dec 2018	987.5	987.5	941.6	63.6	397.7	260.5	91.3	45.9	84.4
	Six months to June 2018	958.9	958.9	958.9	104.2	353.9	264.4	89.5	–	56.6
AISC per ounce of gold	Six months to June 2019	973	960	949	1,529	892	940	652	1,155	290
sold US$/oz	Six months to Dec 2018	996	987	983	2,239	927	948	796	1,069	340
	Six months to June 2018	965	954	954	1,699	924	954	829	–	197
Total all-in cost	Six months to June 2019	(1,151.0)	(1,048.5)	(981.9)	(137.8)	(439.7)	(254.6)	(118.6)	(66.5)	(23.6)
	Six months to Dec 2018	(1,161.2)	(1,043.7)	(989.7)	(148.5)	(431.2)	(246.9)	(130.4)	(54.0)	(28.7)
	Six months to June 2018	(1,121.4)	(994.4)	(994.4)	(189.2)	(394.1)	(252.0)	(141.9)	–	(11.1)
Gold only ounces sold	Six months to June 2019	1,040.5	1,040.5	986.6	90.1	436.6	270.9	111.8	53.9	81.3
– (000 ounces)	Six months to Dec 2018	987.5	987.5	941.6	63.6	397.7	260.5	91.3	45.9	84.4
	Six months to June 2018	958.9	958.9	958.9	104.2	353.9	264.4	89.5	–	56.6
AIC per ounce of gold	Six months to June 2019	1,106	1,008	995	1,529	1,007	940	1,061	1,235	290
sold US$/oz	Six months to Dec 2018	1,176	1,057	1,051	2,335	1,084	948	1,428	1,175	340
	Six months to June 2018	1,169	1,037	1,037	1,816	1,114	954	1,585	–	197

^# Includes Gold Fields 45 per cent share of deferred stripping of US$23.4 for the six months ended 30 June 2019