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Reviewed Results | Six months ended 30 June 2022

Operating results All-in costs (unreviewed)

World Gold Council Industry Standard

    United States Dollars
Figures in millions unless otherwise stated Total 
Group 
Including 
Equity- 
Accounted 
Joint 
Venture 
Total 
Mine 
Operations 
Including 
Equity- 
Accounted 
Joint 
Venture 
Total 
Mine 
Operations 
Excluding 
Equity- 
Accounted 
Joint 
Venture 
South 
Africa 
Region 
West Africa 
Region 
South 
America 
Region 
   Ghana  Peru 
South 
Deep 
Total  Tarkwa  Damang  Asanko 
45% 
Cerro 
Corona 
Cost of sales before gold Six months to June 2022  (988.7) (988.7) (943.9) (166.3) (329.1) (180.1) (104.2) (44.8) (107.3)
inventory change and Six months to Dec 2021  (985.9) (985.9) (926.4) (160.7) (352.0) (182.2) (110.3) (59.5) (106.2)
amortisation and depreciation  Six months to June 2021  (913.6) (913.6) (858.2) (151.5) (324.7) (157.5) (111.7) (55.5) (83.9)
Gold inventory change  Six months to June 2022  17.9  17.9  21.3  0.1  26.9  (5.3) 35.6  (3.4) 14.0 
   Six months to Dec 2021  100.9  100.9  96.2  3.6  69.5  29.5  35.3  4.7  21.7 
   Six months to June 2021  26.5  26.5  26.6  3.7  36.5  0.1  36.5  (0.1) (7.3)
Royalties  Six months to June 2022  (62.3) (62.3) (58.6) (1.5) (32.4) (19.4) (9.4) (3.7) (3.3)
   Six months to Dec 2021  (62.2) (62.2) (58.3) (1.5) (31.6) (19.0) (8.7) (4.0) (5.3)
   Six months to June 2021  (58.8) (58.8) (54.1) (1.1) (32.8) (18.5) (9.6) (4.6) (2.6)
Realised gains/(losses) on Six months to June 2022  13.7  13.7  13.7    8.3  5.6  2.7     
commodity cost hedges  Six months to Dec 2021  2.2  2.2  2.2  –  1.2  0.8  0.4  –  – 
   Six months to June 2021  (1.3) (1.3) (1.3) –  (1.0) (0.6) (0.4) –  – 
Community/social Six months to June 2022  (7.7) (7.7) (7.7) (0.9) (5.0) (3.3) (1.6)   (1.8)
responsibility costs  Six months to Dec 2021  (10.0) (10.0) (10.0) (2.6) (4.0) (2.9) (1.1) –  (3.4)
   Six months to June 2021  (8.1) (8.1) (8.1) (0.9) (5.5) (3.8) (1.7) –  (1.7)
Non-cash remuneration Six months to June 2022  (4.0) (1.5) (1.5) (0.1) (0.3) (0.2) (0.1)   (0.6)
share-based payments  Six months to Dec 2021  (6.2) (3.0) (3.0) (0.2) (1.1) (1.0) (0.1) –  (0.9)
   Six months to June 2021  (6.4) (2.9) (2.9) (0.2) (1.1) (1.0) (0.1) –  (0.7)
Cash remuneration Six months to June 2022  (11.2) (11.5) (11.5) (1.6) (0.4) (0.1) (0.3)   (2.4)
(long-term incentive plan) Six months to Dec 2021  (17.0) (14.1) (14.1) (3.1) (5.5) (4.2) (1.3) –  (0.5)
   Six months to June 2021  (10.9) (10.1) (10.1) (0.3) (3.1) (2.4) (0.7) –  (0.5)
Other  Six months to June 2022  (10.9) (1.5) (1.5)   (1.5) (1.5)      
   Six months to Dec 2021  (18.6) (1.5) (1.5) –  (1.5) (1.5) –  –  – 
   Six months to June 2021  (1.5) (1.5) (1.5) –  (1.5) (1.5) –  –  – 
By-product credits  Six months to June 2022  105.4  105.4  105.2  0.3  0.8  0.5  0.1  0.1  103.2 
   Six months to Dec 2021  128.2  128.2  128.1  0.3  0.8  0.6  0.1  0.1  125.9 
   Six months to June 2021  109.2  109.2  109.0  0.3  1.2  0.9  0.1  0.2  106.4 
Rehabilitation amortisation Six months to June 2022  (16.8) (16.8) (16.3)   (4.5) (2.5) (1.6) (0.5) (7.9)
and interest  Six months to Dec 2021  (11.8) (11.8) (11.5) –  (4.1) (2.7) (1.2) (0.3) (4.7)
   Six months to June 2021  (10.1) (10.1) (9.9) –  (3.9) (2.5) (1.2) (0.3) (3.3)
Sustaining capital expenditure  Six months to June 2022  (341.8) (341.1) (339.2) (52.7) (149.9) (120.2) (27.9) (1.8) (12.4)
   Six months to Dec 2021  (322.7) (322.4) (314.2) (49.0) (121.1) (101.2) (11.6) (8.2) (20.6)
   Six months to June 2021  (266.4) (266.1) (261.3) (20.0) (118.4) (107.7) (5.9) (4.8) (7.1)
Lease payments  Six months to June 2022  (47.3) (46.1) (41.4)   (18.1) (9.4) (4.0) (4.7) (1.1)
   Six months to Dec 2021  (44.9) (43.7) (40.5) (0.1) (18.2) (9.8) (5.2) (3.2) (0.9)
   Six months to June 2021  (54.6) (53.5) (49.9) (0.1) (24.1) (14.5) (6.0) (3.6) (0.7)
All-in sustaining costs  Six months to June 2022  (1,353.7) (1,340.1) (1,281.3) (222.7) (505.3) (335.9) (110.6) (58.8) (19.5)
   Six months to Dec 2021  (1,249.6) (1,223.4) (1,153.0) (213.2) (467.5) (293.6) (103.5) (70.4) 5.2 
   Six months to June 2021  (1,195.9) (1,190.3) (1,121.5) (170.1) (478.4) (309.1) (100.6) (68.7) (1.4)
Realised gains/losses on capital  Six months to June 2022  1.6                 
cost hedges  Six months to Dec 2021  9.7  –  –  –  –  –  –  –  – 
   Six months to June 2021  23.2      –  –  –  –  –  – 
Non-cash remuneration  Six months to June 2022  (0.1)                
(share-based payments) Six months to Dec 2021  (0.1) –  –  –  –  –  –  –  – 
   Six months to June 2021  (0.1)     –  –  –  –  –  – 
Cash remuneration (long-term  Six months to June 2022  (0.2)                
incentive plan) Six months to Dec 2021  –  –  –  –  –  –  –  –  – 
   Six months to June 2021  (0.6)     –  –  –  –  –  – 
Other  Six months to June 2022                   
   Six months to Dec 2021  (3.6) –  –  –  –  –  –  –  – 
   Six months to June 2021  –  –  –  –  –  –  –  –  – 

 

    United States Dollars
Figures in millions unless otherwise stated Total 
Group 
Including 
Equity- 
Accounted 
Joint 
Venture 
Total 
Mine 
Operations 
Including 
Equity- 
Accounted 
Joint  
Venture 
Total 
Mine 
Operations 
Excluding 
Equity- 
Accounted 
Joint 
Venture 
South 
Africa 
Region 
West Africa 
Region 
South 
America 
Region 
   Ghana  Peru 
South 
Deep 
Total  Tarkwa  Damang  Asanko 
45% 
Cerro 
Corona 
Lease payments  Six months to June 2022  (1.8)                
   Six months to Dec 2021  (2.5) –  –  –  –  –  –  –  – 
   Six months to June 2021  (2.7) –  –  –  –  –  –  –  – 
Exploration, feasibility and evaluation costs  Six months to June 2022  (34.2) (19.0) (16.1)   (7.7)   (4.8) (2.9) (1.3)
  Six months to Dec 2021  (21.5) (6.6) (4.1) –  (5.8) –  (3.3) (2.5) (0.8)
   Six months to June 2021  (19.7) (6.6) (4.1) –  (5.8) –  (3.3) (2.4) (0.8)
Non-sustaining capital expenditure  Six months to June 2022  (205.9) (60.8) (60.0) (10.8) (6.0)   (5.2) (0.8) (4.0)
  Six months to Dec 2021  (321.4) (79.6) (76.8) (10.9) (4.6) –  (1.7) (2.9) (16.4)
   Six months to June 2021  (198.7) (65.5) (60.9) (9.5) (8.8) –  (4.3) (4.6) (11.7)
Total all-in cost  Six months to June 2022  (1,594.3) (1,420.0) (1,357.4) (233.6) (519.1) (335.9) (120.7) (62.5) (24.8)
   Six months to Dec 2021  (1,589.1) (1,309.7) (1,233.9) (224.1) (478.0) (293.6) (108.6) (75.8) (12.0)
   Six months to June 2021  (1,394.5) (1,262.3) (1,186.6) (179.5) (493.0) (309.1) (108.2) (75.8) (13.9)
Total all-in sustaining cost  Six months to June 2022  (1,353.7) (1,340.1) (1,281.3) (222.7) (505.3) (335.9) (110.6) (58.8) (19.5)
   Six months to Dec 2021  (1,249.6) (1,223.4) (1,153.0) (213.2) (467.5) (293.6) (103.5) (70.4) 5.2 
   Six months to June 2021  (1,195.9) (1,190.3) (1,121.5) (170.1) (478.4) (309.1) (100.6) (68.7) (1.4)
Gold only ounces sold Six months to June 2022  1,179.1  1,179.1  1,139.5  163.9  422.1  257.3  125.2  39.7  62.5 
– (000 ounces) Six months to Dec 2021  1,206.3  1,206.3  1,161.4  168.3  430.6  264.8  120.9  44.9  69.6 
   Six months to June 2021  1,094.5  1,094.5  1,042.2  124.4  442.7  256.9  133.5  52.3  43.3 
AISC per ounce of gold sold  US$/oz  Six months to June 2022  1,148  1,137  1,125  1,359  1,197  1,306  884  1,482  312 
  Six months to Dec 2021  1,036  1,014  993  1,267  1,086  1,109  856  1,568  (74)
   Six months to June 2021  1,093  1,087  1,076  1,368  1,081  1,203  753  1,314  31 
Total all-in cost  Six months to June 2022  (1,594.3) (1,420.0) (1,357.4) (233.6) (519.1) (335.9) (120.7) (62.5) (24.8)
  Six months to Dec 2021  (1,589.1) (1,309.7) (1,233.9) (224.1) (478.0) (293.6) (108.6) (75.8) (12.0)
   Six months to June 2021  (1,394.5) (1,262.3) (1,186.6) (179.5) (493.0) (309.1) (108.2) (75.8) (13.9)
Gold only ounces sold  – (000 ounces) Six months to June 2022  1,179.1  1,179.1  1,139.5  163.9  422.1  257.3  125.2  39.7  62.5 
  Six months to Dec 2021  1,206.3  1,206.3  1,161.4  168.3  430.6  264.8  120.9  44.9  69.6 
   Six months to June 2021  1,094.5  1,094.5  1,042.2  124.4  442.7  256.9  133.5  52.3  43.3 
AIC per ounce of gold sold  US$/oz  Six months to June 2022  1,352  1,204  1,191  1,425  1,230  1,306  964  1,576  397 
  Six months to Dec 2021  1,317  1,086  1,062  1,331  1,110  1,109  898  1,688  173 
   Six months to June 2021  1,274  1,153  1,139  1,444  1,114  1,203  810  1,448  321 

 

         United States Dollars    
Figures in millions unless otherwise stated  Total  Australia
Region 
Corporate 
and 
projects 
Australia 
St Ives  Agnew  Granny 
Smith 
Gruyere 
50% 
Cost of sales before gold inventory change and amortisation and depreciation  Six months to June 2022  (386.0) (127.6) (93.6) (108.0) (56.8)  
   Six months to Dec 2021  (367.1) (139.9) (84.5) (93.5) (49.2) – 
   Six months to June 2021  (353.4) (128.5) (83.7) (97.8) (43.3) – 
Gold inventory change  Six months to June 2022  (23.1) (29.0) (2.8) 2.5  6.1   
   Six months to Dec 2021  6.0  2.9  0.8  (3.2) 5.6  – 
   Six months to June 2021  (6.3) (8.0) (5.1) 1.1  5.7  – 
Royalties  Six months to June 2022  (25.0) (9.0) (5.7) (6.5) (3.8)  
   Six months to Dec 2021  (23.7) (9.0) (4.8) (7.1) (2.8) – 
   Six months to June 2021  (22.3) (8.7) (5.2) (5.6) (2.8) – 
Realised gains/losses on commodity cost hedges  Six months to June 2022  5.4  2.4  1.2  1.6  0.2   
   Six months to Dec 2021  0.9  0.4  0.2  0.3  –  – 
   Six months to June 2021  (0.3) (0.1) (0.1) (0.1) –  – 
Community/social responsibility costs  Six months to June 2022             
   Six months to Dec 2021  –  –  –  –  –  – 
   Six months to June 2021  –  –  –  –  –  – 
Non-cash remuneration – share-based payments  Six months to June 2022  (0.5) (0.1) (0.1) (0.2) (0.1) (2.5)
   Six months to Dec 2021  (0.8) (0.3) (0.2) (0.2) (0.1) (3.2)
   Six months to June 2021  (1.0) (0.3) (0.2) (0.3) (0.1) (3.5)
Cash remuneration (long-term incentive plan) Six months to June 2022  (7.2) (2.7) (1.5) (1.9) (1.0) 0.3 
   Six months to Dec 2021  (5.0) (1.8) (1.2) (1.5) (0.5) (2.9)
   Six months to June 2021  (6.2) (1.8) (1.2) (1.9) (1.3) (0.8)
Other  Six months to June 2022            (9.41)
   Six months to Dec 2021  –  –  –  –  –  (18.6)
   Six months to June 2021  –  –  –  –  –  – 
By-product credits  Six months to June 2022  1.1  0.5  0.2  0.1  0.3   
   Six months to Dec 2021  1.1  0.5  0.2  0.1  0.3  – 
   Six months to June 2021  1.3  0.6  0.2  0.1  0.4  – 
Rehabilitation amortisation and interest  Six months to June 2022  (4.4) (1.6) (0.8) (1.2) (0.9)  
   Six months to Dec 2021  (2.9) (0.9) (0.5) (0.7) (0.9) – 
   Six months to June 2021  (2.9) (0.9) (0.5) (0.7) (0.8) – 
Sustaining capital expenditure  Six months to June 2022  (126.1) (55.3) (30.9) (24.0) (15.9) (0.7)
   Six months to Dec 2021  (131.8) (44.4) (28.1) (38.2) (21.0) (0.4)
   Six months to June 2021  (120.7) (45.3) (28.1) (26.1) (21.2) (0.3)
Lease payments  Six months to June 2022  (26.8) (4.8) (9.6) (7.1) (5.3) (1.2)
   Six months to Dec 2021  (24.5) (3.6) (8.8) (7.0) (5.2) (1.2)
   Six months to June 2021  (28.6) (4.1) (8.6) (10.6) (5.2) (1.1)
All-in sustaining costs  Six months to June 2022  (592.6) (227.2) (143.7) (144.7) (77.0) (13.6)
   Six months to Dec 2021  (547.9) (196.0) (126.8) (151.2) (73.8) (26.2)
   Six months to June 2021  (540.4) (197.3) (132.6) (141.9) (68.6) (5.7)
Realised gains/losses on capital cost hedges  Six months to June 2022            1.6 
   Six months to Dec 2021  –  –  –  –  –  9.7 
   Six months to June 2021  –  –  –  –  –  23.2 
Non-cash remuneration (share-based payments) Six months to June 2022            (0.1)
   Six months to Dec 2021  –  –  –  –  –  (0.1)
   Six months to June 2021  –  –  –  –  –  (0.1)
Cash remuneration (long-term incentive plan) Six months to June 2022            (0.2)
   Six months to Dec 2021  –  –  –  –  –  – 
   Six months to June 2021  –  –  –  –  –  (0.6)
Other  Six months to June 2022             
   Six months to Dec 2021  –  –  –  –  –  (3.6)
   Six months to June 2021  –  –  –  –  –  – 
Lease payments  Six months to June 2022            (1.8)
   Six months to Dec 2021  –  –  –  –  –  (2.5)
   Six months to June 2021  –  –  –  –  –  (2.7)
Exploration, feasibility and evaluation costs  Six months to June 2022  (10.0) (5.1) (1.5) (3.2) (0.1) (15.2)
   Six months to Dec 2021  –  –  –  –  –  (14.9)
   Six months to June 2021  –  –  –  –  –  (13.2)
Non-sustaining capital expenditure  Six months to June 2022  (39.9) (4.0) (18.5) (17.4)   (145.1)
   Six months to Dec 2021  (47.7) (7.7) (17.7) (21.6) (0.7) (241.8)
   Six months to June 2021  (35.4) (5.9) (14.3) (14.5) (0.8) (133.2)
Total all-in cost  Six months to June 2022  (642.5) (236.4) (163.7) (165.3) (77.1) (174.3)
   Six months to Dec 2021  (595.6) (203.7) (144.5) (172.8) (74.6) (279.4)
   Six months to June 2021  (575.9) (203.2) (146.8) (156.4) (69.4) (132.2)
Total all-in sustaining cost  Six months to June 2022  (592.6) (227.2) (143.7) (144.7) (77.0) (13.6)
   Six months to Dec 2021  (547.9) (196.0) (126.8) (151.2) (73.8) (26.2)
   Six months to June 2021  (540.4) (197.3) (132.6) (141.9) (68.6) (5.7)
Gold only ounces sold – (000 ounces) Six months to June 2022  530.6  191.7  121.0  138.3  79.6   
   Six months to Dec 2021  537.8  202.6  110.3  161.1  63.8  – 
   Six months to June 2021  484.1  188.5  112.5  122.6  60.6  – 
AISC per ounce of gold sold US$/oz  Six months to June 2022  1,117  1,185  1,188  1,047  967   
   Six months to Dec 2021  1,019  967  1,150  939  1,157  – 
   Six months to June 2021  1,116  1,047  1,178  1,158  1,133  – 
Total all-in cost  Six months to June 2022  (642.5) (236.4) (163.7) (165.3) (77.1) (174.3)
   Six months to Dec 2021  (595.6) (203.7) (144.5) (172.8) (74.6) (279.4)
   Six months to June 2021  (575.9) (203.2) (146.8) (156.4) (69.4) (132.2)
Gold only ounces sold – (000 ounces) Six months to June 2022  530.6  191.7  121.0  138.3  79.6   
   Six months to Dec 2021  537.8  202.6  110.3  161.1  63.8  – 
   Six months to June 2021  484.1  188.5  112.5  122.6  60.6  – 
AIC per ounce of gold sold US$/oz  Six months to June 2022  1,211  1,233  1,353  1,196  969   
   Six months to Dec 2021  1,108  1,005  1,310  1,073  1,169  – 
   Six months to June 2021  1,189  1,078  1,305  1,276  1,146  –