Media release
Unaudited interim results
for the six months ended 30 June 2024
for the six months ended 30 June 2024
OPERATING RESULTS All-in cost
World Gold Council Industry Standard
| United States Dollar | |||||||||
| Figures in millions unless otherwise stated | Total Group Including Discontinued Operations |
Total Mine Operations and Salares Norte Including Discontinued Operations |
Total Mine Operations and Salares Norte Excluding Discontinued Operations |
Peru | Chile | Ghana | South Africa | ||
| Cerro Corona |
Salares Norte | Tarkwa | Damang | South Deep | |||||
| Cost of sales before gold inventory change and amortisation and depreciation | June 2024 | (1,024.4) | (1,024.4) | (1,024.4) | (108.7) | (13.1) | (239.6) | (62.1) | (170.7) |
|---|---|---|---|---|---|---|---|---|---|
| June 2023 | (1,043.2) | (1,043.2) | (1,013.7) | (111.6) | (2.2) | (221.2) | (98.6) | (157.1) | |
| Gold inventory change (cash) | June 2024 | (115.3) | (115.3) | (115.3) | 13.2 | 12.7 | (50.7) | (57.0) | 3.5 |
| June 2023 | 66.1 | 66.1 | 68.1 | 16.6 | 2.2 | 44.2 | 18.6 | (11.7) | |
| Royalties | June 2024 | (60.1) | (60.1) | (60.1) | (2.6) | – | (24.7) | (7.2) | (1.3) |
| June 2023 | (63.4) | (63.4) | (60.2) | (4.8) | – | (22.5) | (6.2) | (1.5) | |
| Community/social responsibility costs | June 2024 | (8.7) | (8.7) | (8.7) | (3.1) | – | (3.1) | (0.3) | (2.2) |
| June 2023 | (7.4) | (7.4) | (7.4) | (1.9) | – | (3.4) | (0.3) | (1.7) | |
| Non-cash remuneration – share-based payments | June 2024 | (3.5) | (1.8) | (1.8) | (0.7) | (0.1) | (0.5) | – | (0.1) |
| June 2023 | (4.7) | (2.0) | (2.0) | (0.8) | (0.1) | (0.4) | – | (0.2) | |
| Cash remuneration (long-term incentive plan) | June 2024 | (0.7) | (5.9) | (5.9) | 0.2 | – | (1.3) | 1.0 | (1.3) |
| June 2023 | (24.1) | (21.1) | (21.1) | (2.6) | (1.4) | (2.3) | (1.0) | (3.4) | |
| Other | June 2024 | (13.7) | – | – | – | – | – | – | – |
| June 2023 | (15.6) | – | – | – | – | – | – | – | |
| By-product credits | June 2024 | 92.2 | 92.2 | 92.2 | 89.9 | 0.1 | 0.7 | 0.1 | 0.3 |
| June 2023 | 116.9 | 116.9 | 116.8 | 114.6 | – | 0.6 | 0.1 | 0.3 | |
| Rehabilitation amortisation and interest | June 2024 | (21.5) | (21.5) | (21.5) | (9.0) | (1.2) | (2.7) | (3.0) | – |
| June 2023 | (18.7) | (18.7) | (18.2) | (8.8) | (1.0) | (1.8) | (1.3) | – | |
| Sustaining capital expenditure | June 2024 | (387.8) | (386.1) | (386.1) | (10.0) | (57.7) | (112.3) | (4.7) | (44.0) |
| June 2023 | (344.2) | (343.4) | (338.2) | (11.9) | (56.3) | (121.7) | (3.5) | (36.2) | |
| Lease payments | June 2024 | (58.4) | (57.2) | (57.2) | (0.9) | (1.4) | (16.4) | (3.7) | – |
| June 2023 | (46.9) | (45.8) | (45.6) | (1.1) | (1.1) | (12.8) | (3.6) | – | |
| Exploration, feasibility and evaluation costs | June 2024 | (1.5) | (1.5) | (1.5) | – | – | (1.5) | – | – |
| June 2023 | (1.5) | (1.5) | (1.5) | – | – | (1.5) | – | – | |
| All-in sustaining costs | June 2024 | (1,603.3) | (1,590.2) | (1,590.2) | (31.6) | (60.8) | (452.1) | (136.9) | (215.8) |
| June 2023 | (1,386.6) | (1,363.5) | (1,323.1) | (12.2) | (59.8) | (342.7) | (95.9) | (211.5) | |
| Lease payments | June 2024 | (2.4) | – | – | – | – | – | – | – |
| June 2023 | – | – | – | – | – | – | – | – | |
| Exploration, feasibility and evaluation costs | June 2024 | (58.7) | (28.2) | (28.2) | (2.8) | (10.0) | – | – | – |
| June 2023 | (37.5) | (36.9) | (35.5) | (2.0) | (15.3) | – | (3.0) | – | |
| Non-sustaining capital expenditure | June 2024 | (228.4) | (213.0) | (213.0) | (0.3) | (172.5) | – | – | – |
| June 2023 | (170.7) | (170.7) | (168.5) | (8.2) | (123.3) | – | – | – | |
| Total all-in cost | June 2024 | (1,892.9) | (1,831.4) | (1,831.4) | (34.6) | (243.3) | (452.1) | (136.9) | (215.8) |
| June 2023 | (1,594.7) | (1,571.1) | (1,527.1) | (22.3) | (198.4) | (342.7) | (98.9) | (211.5) | |
| Total all-in sustaining cost | June 2024 | (1,603.3) | (1,590.2) | (1,590.2) | (31.6) | (60.8) | (452.1) | (136.9) | (215.8) |
| June 2023 | (1,386.6) | (1,363.5) | (1,323.1) | (12.2) | (59.8) | (342.7) | (95.9) | (211.5) | |
| Gold only ounces sold – (000 ounces) | June 2024 | 919.0 | 919.0 | 919.0 | 38.0 | 0.5 | 248.1 | 71.4 | 113.2 |
| June 2023 | 1,140.8 | 1,140.8 | 1,110.1 | 72.6 | – | 290.3 | 80.4 | 152.5 | |
| AISC per ounce of gold sold US$/oz | June 2024 | 1,745 | 1,730 | 1,730 | 830 | 125,081 | 1,822 | 1,917 | 1,906 |
| June 2023 | 1,215 | 1,195 | 1,192 | 168 | – | 1,181 | 1,193 | 1,387 | |
| Total all-in cost | June 2024 | (1,892.9) | (1,831.4) | (1,831.4) | (34.6) | (243.3) | (452.1) | (136.9) | (215.8) |
| June 2023 | (1,594.7) | (1,571.1) | (1,527.1) | (22.3) | (198.4) | (342.7) | (98.9) | (211.5) | |
| Gold only ounces sold – (000 ounces) | June 2024 | 919.0 | 919.0 | 919.0 | 38.0 | 0.5 | 248.1 | 71.4 | 113.2 |
| June 2023 | 1,140.8 | 1,140.8 | 1,110.1 | 72.6 | – | 290.3 | 80.4 | 152.5 | |
| AIC per ounce of gold sold US$/oz | June 2024 | 2,060 | 1,993 | 1,993 | 911 | 500,923 | 1,822 | 1,917 | 1,886 |
| June 2023 | 1,398 | 1,377 | 1,376 | 307 | – | 1,181 | 1,230 | 1,387 | |
| Figures in millions unless otherwise stated | Australia | Corporate and projects |
Discontinued | ||||
| Agnew | St Ives | Granny Smith | Gruyere 50% |
Asanko 45% | |||
| Cost of sales before gold inventory change and amortisation and depreciation | June 2024 | (104.4) | (162.4) | (113.7) | (49.8) | – | – |
|---|---|---|---|---|---|---|---|
| June 2023 | (97.3) | (157.6) | (112.5) | (55.5) | – | (29.5) | |
| Gold inventory change (cash) | June 2024 | (4.3) | (18.1) | (0.1) | (14.4) | – | – |
| June 2023 | 1.1 | (0.7) | 0.4 | (2.6) | – | (2.0) | |
| Royalties | June 2024 | (6.2) | (7.9) | (6.9) | (3.5) | – | – |
| June 2023 | (5.5) | (9.3) | (6.7) | (3.9) | – | (3.1) | |
| Community/social responsibility costs | June 2024 | – | – | – | – | – | – |
| June 2023 | – | – | – | – | – | – | |
| Non-cash remuneration – share-based payments | June 2024 | (0.1) | (0.1) | (0.1) | (0.1) | (1.8) | – |
| June 2023 | (0.2) | (0.1) | (0.2) | (0.1) | (2.7) | – | |
| Cash remuneration (long-term incentive plan) | June 2024 | (0.7) | (1.6) | (1.5) | (0.6) | 5.2 | – |
| June 2023 | (2.3) | (3.8) | (3.3) | (1.1) | (3.0) | – | |
| Other | June 2024 | – | – | – | – | (13.7) | – |
| June 2023 | – | – | – | – | (15.6) | – | |
| By-product credits | June 2024 | 0.3 | 0.4 | 0.1 | 0.3 | – | – |
| June 2023 | 0.2 | 0.5 | 0.1 | 0.4 | – | 0.1 | |
| Rehabilitation amortisation and interest | June 2024 | (1.0) | (2.3) | (1.6) | (0.8) | – | – |
| June 2023 | (0.9) | (2.2) | (1.3) | (0.9) | – | (0.5) | |
| Sustaining capital expenditure | June 2024 | (26.7) | (69.2) | (25.2) | (36.2) | (1.7) | – |
| June 2023 | (25.0) | (39.4) | (26.4) | (18.0) | (0.7) | (5.2) | |
| Lease payments | June 2024 | (10.1) | (9.1) | (9.2) | (6.5) | (1.2) | – |
| June 2023 | (9.8) | (5.3) | (6.2) | (5.7) | (1.1) | (0.2) | |
| Exploration, feasibility and evaluation costs | June 2024 | – | – | – | – | – | – |
| June 2023 | – | – | – | – | – | – | |
| All-in sustaining costs | June 2024 | (153.2) | (270.3) | (158.1) | (111.5) | (13.1) | – |
| June 2023 | (139.6) | (217.9) | (156.1) | (87.5) | (23.1) | (40.4) | |
| Other | June 2024 | – | – | – | – | – | – |
| June 2023 | – | – | – | – | – | – | |
| Lease payments | June 2024 | – | – | – | – | (2.4) | – |
| June 2023 | – | – | – | – | – | – | |
| Exploration, feasibility and evaluation costs | June 2024 | (5.6) | (8.1) | (1.2) | (0.5) | (30.6) | – |
| June 2023 | (3.7) | (7.9) | (1.9) | (1.7) | (0.6) | (1.4) | |
| Non-sustaining capital expenditure | June 2024 | (11.0) | (12.4) | (16.8) | – | (15.3) | – |
| June 2023 | (12.1) | (9.1) | (15.8) | – | – | (2.2) | |
| Total all-in cost | June 2024 | (169.9) | (290.8) | (176.1) | (112.0) | (61.5) | – |
| June 2023 | (155.4) | (234.9) | (173.8) | (89.2) | (23.7) | (44.0) | |
| Total all-in sustaining cost | June 2024 | (153.2) | (270.3) | (158.1) | (111.5) | (13.1) | – |
| June 2023 | (139.6) | (217.9) | (156.1) | (87.5) | (23.1) | (40.4) | |
| Gold only ounces sold – (000 ounces) | June 2024 | 113.0 | 145.2 | 125.9 | 63.5 | – | – |
| June 2023 | 112.8 | 187.1 | 134.4 | 80.1 | – | 30.6 | |
| AISC per ounce of gold sold US$/oz | June 2024 | 1,356 | 1,862 | 1,256 | 1,755 | – | – |
| June 2023 | 1,238 | 1,165 | 1,161 | 1,092 | – | 1,319 | |
| Total all-in cost | June 2024 | (169.9) | (290.8) | (176.1) | (112.0) | (61.5) | – |
| June 2023 | (155.4) | (234.9) | (173.8) | (89.2) | (23.7) | (44.0) | |
| Gold only ounces sold – (000 ounces) | June 2024 | 113.0 | 145.2 | 125.9 | 63.5 | – | – |
| June 2023 | 112.8 | 187.1 | 134.4 | 80.1 | – | 30.6 | |
| AIC per ounce of gold sold US$/oz | June 2024 | 1,503 | 2,003 | 1,399 | 1,762 | – | – |
| June 2023 | 1,377 | 1,256 | 1,293 | 1,114 | – | 1,435 | |