ALL-IN COSTS (UNREVIEWED)

World Gold Council Industry Standard

United States Dollars

Figures are 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 inventory

Year 2018

(1,432.4)

(1,391.4)

(262.0)

(483.8)

(298.7)

(143.5)

(41.6)

(160.3)

change and amortisation and depreciation

Year 2017

(1,472.8)

(1,426.5)

(306.3)

(469.4)

(348.0)

(121.3)

–

(151.2)

Gold inventory change

Year 2018

20.4

16.2

(9.6)

13.2

(10.1)

19.1

4.2

5.5

Year 2017

68.6

69.5

1.5

41.1

42.0

(0.9)

–

(3.1)

Royalties

Year 2018

(65.2)

(62.5)

(1.0)

(31.3)

(21.2)

(7.3)

(2.8)

(5.1)

Year 2017

(63.1)

(62.0)

(1.8)

(27.1)

(21.7)

(5.5)

–

(5.3)

Realised gains/losses on commodity

Year 2018

12.2

–

7.6

5.5

2.1

–

cost hedges

Year 2017

1.3

–

0.8

–

Community/social commodity cost hedges responsibility costs

Year 2018

(14.6)

(1.3)

(7.1)

(6.7)

(0.4)

–

(6.3)

Year 2017

(20.2)

(2.0)

(11.5)

(11.1)

(0.4)

–

(6.7)

Non-cash remuneration

Year 2018

(37.5)

(26.9)

(4.7)

(8.8)

(6.7)

(2.1)

–

(4.3)

– responsibility costs

Year 2017

(27.4)

(19.8)

(26.8)

(3.5)

(6.1)

(4.8)

(1.3)

–

(3.6)

Cash remuneration

Year 2018

(1.1)

(1.6)

(0.9)

(0.2)

–

(0.2)

–

0.4

(long-term incentive plan)

Year 2017

(5.1)

(4.6)

(5.0)

(0.5)

(1.4)

(1.1)

(0.3)

–

(0.7)

Other

Year 2018

(10.0)

(1.1)

–

(1.0)

–

(1.0)

(1.1)

Year 2017

(10.8)

(1.0)

(10.8)

–

(1.0)

By-product credits

Year 2018

171.4

171.2

0.3

1.0

0.7

0.2

169.2

Year 2017

178.7

178.6

0.6

(0.8)

(0.9)

0.1

–

177.8

Rehabilitation amortisation and interest

Year 2018

(18.1)

(17.9)

(0.2)

(7.0)

(5.5)

(1.3)

(0.2)

(3.7)

Year 2017

(23.0)

(22.6)

(0.2)

(7.7)

(7.0)

(0.7)

–

(5.8)

Sustaining capital expenditure

Year 2018

(531.5)

(521.6)

(40.0)

(177.6)

(156.1)

(13.5)

(7.9)

(33.2)

Year 2017

(623.9)

(621.0)

(614.2)

(65.5)

(197.8)

(180.6)

(17.2)

–

(34.0)

Lease payments

Year 2018

(2.3)

–

(0.9)

Year 2017

–

All-in sustaining costs

Year 2018

(1,908.9)

(1,840.3)

(319.4)

(695.0)

(498.9)

(147.0)

(49.1)

(39.8)

Year 2017

(1,997.8)

(1,976.5)

(1,938.9)

(377.7)

(679.8)

(532.4)

(147.5)

–

(33.5)

Exploration, feasibility and evaluation costs

Year 2018

(78.2)

(0.4)

–

(0.4)

–

(0.4)

–

Year 2017

(59.9)

–

(59.9)

–

Non-sustaining capital expenditure

Year 2018

(295.3)

(143.3)

(18.3)

(129.9)

–

(125.0)

(4.9)

–

Year 2017

(216.5)

(131.8)

(219.3)

(16.9)

(114.9)

–

(114.9)

–

Total all-in cost

Year 2018

(2,282.3)

(1,983.9)

(337.7)

(825.3)

(498.9)

(272.3)

(54.0)

(39.8)

Year 2017

(2,274.2)

(2,110.3)

(2,218.1)

(394.6)

(794.7)

(532.4)

(262.4)

–

(33.5)

Total all-in sustaining cost

Year 2018

(1,908.9)

(1,840.3)

(319.4)

(695.0)

(498.9)

(147.0)

(49.1)

(39.8)

Year 2017

(1,997.8)

(1,976.5)

(1,938.9)

(377.7)

(679.8)

(532.4)

(147.5)

–

(33.5)

Gold only ounces sold – (000 ounces)

Year 2018

1,946.4

1,900.5

167.8

751.6

524.9

180.8

45.9

141.0

Year 2017

2,091.1

2,051.9

281.8

710.0

566.4

143.6

–

164.7

AISC per ounce of gold sold US$/oz

Year 2018

981

968

1,903

926

951

813

1,069

282

Year 2017

955

945

1,340

958

940

1,027

–

203

Total all-in cost

Year 2018

(2,282.3)

(1,983.9)

(337.7)

(825.3)

(498.9)

(272.3)

(54.0)

(39.8)

Year 2017

(2,274.2)

(2,110.3)

(2,218.1)

(394.6)

(794.7)

(532.4)

(262.4)

–

(33.5)

Gold only ounces sold – (000 ounces)

Year 2018

1,946.4

1,900.5

167.8

751.6

524.9

180.8

45.9

141.0

Year 2017

2,091.1

2,051.9

281.8

710.0

566.4

143.6

–

164.7

AIC per ounce of gold sold US$/oz

Year 2018

1,173

1,044

2,012

1,098

951

1,506

1,175

282

Year 2017

1,088

1,009

1,081

1,400

1,119

940

1,827

–

203