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Reviewed Results | Year ended 31 December 2021

Operating results Segmental Operating and Financial Results

 

    United States Dollars 
South Africa Region 
Figures in millions unless otherwise stated  Total 
Mine 
Operations 
and projects 
Including 
Equity 
Accounted 
Joint 
Venture 
Total 
Mine 
Operations 
and projects 
Excluding 
Equity 
Accounted 
Joint 
Venture 
South 
Deep 
Total 
                   
Operating Results (Unreviewed)
Ore milled/treated (000 tonnes) Year 2021  42,229  39,559  2,922  21,266 
  Year 2020  42,706  40,032  2,258  21,707 
Yield (grams per tonne) Year 2021  1.8  1.8  3.1  1.3 
Year 2020  1.7  1.7  3.1  1.2 
Gold produced (000 managed equivalent ounces) Year 2021  2,430.1  2,335.5  292.6  870.7 
  Year 2020  2,312.4  2,200.0  226.9  861.7 
Gold produced (000 attributable equivalent ounces) Year 2021  2,340.8  2,246.2  282.2  793.1 
  Year 2020  2,236.7  2,124.2  226.9  786.9 
Gold sold (000 managed equivalent ounces) Year 2021  2,436.3  2,339.1  292.6  873.3 
Year 2020  2,311.8  2,202.1  226.9  858.9 
Gold price received (dollar per equivalent ounce) Year 2021  1,793  1,794  1,790  1,794 
  Year 2020  1,765  1,768  1,763  1,766 
Cost of sales before gold inventory change and  Year 2021  45  45  107  32 
amortisation and depreciation (dollar per tonne) Year 2020  39  39  101  29 
All-in sustaining costs (dollar per ounce) Year 2021  1,049  1,032  1,310  1,083 
  Year 2020  969  961  1,237  1,027 
Total all-in cost (dollar per ounce) Year 2021  1,118  1,098  1,379  1,112 
  Year 2020  1,014  999  1,260  1,060 
Financial Results (US$ millions) (Reviewed)                  
Revenue  Year 2021  4,367.3  4,195.2  523.8  1,566.5 
  Year 2020  4,080.2  3,892.1  400.1  1,516.7 
Cost of sales before amortisation and depreciation  Year 2021  (1,772.1) (1,661.6) (304.9) (570.7)
  Year 2020  (1,583.4) (1,489.3) (229.0) (562.9)
Cost of sales before gold inventory change  Year 2021  (1,899.4) (1,784.4) (312.2) (676.7)
and amortisation and depreciation  Year 2020  (1,661.9) (1,554.7) (227.2) (634.7)
– Gold inventory change  Year 2021  127.4  122.8  7.3  106.0 
  Year 2020  78.5  65.5  (1.8) 71.8 
Amortisation of mining assets  Year 2021  (718.1) (695.8) (43.0) (287.2)
  Year 2020  (672.2) (649.3) (29.1) (266.7)
Other expenses  Year 2021  (265.4) (261.7) (5.9) (28.8)
  Year 2020  (457.9) (455.6) (91.1) (128.5)
Profit/(loss) before royalties and taxation  Year 2021  1,611.8  1,576.1  170.0  679.8 
  Year 2020  1,366.7  1,297.9  50.9  558.5 
Royalties, mining and income taxation  Year 2021  (536.0) (527.4) (54.4) (251.9)
  Year 2020  (518.9) (509.5) (15.9) (238.2)
– Normal taxation  Year 2021  (420.5) (420.5)   (191.4)
  Year 2020  (355.2) (355.2) –  (129.6)
– Royalties  Year 2021  (121.0) (112.4) (2.6) (64.4)
  Year 2020  (114.4) (105.0) (2.0) (62.5)
– Deferred taxation  Year 2021  5.6   5.6   (51.8) 3.8 
  Year 2020  (49.3) (49.3) (13.9) (46.1)
Profit/(loss) before non-recurring items  Year 2021  1,075.8  1,048.8  115.6  427.9 
  Year 2020  847.9  788.4  35.0  320.3 
Non-recurring items  Year 2021  (57.5) (57.5) (1.1) (42.4)
  Year 2020  (24.0) (24.0) 0.3  (42.2)
Net profit/(loss) Year 2021  1,018.3  991.2  114.5  385.5 
  Year 2020  823.8  764.4  35.3  278.1 
Capital expenditure  Year 2021  (1,108.5) (1,088.0) (89.3) (252.9)
  Year 2020  (613.8) (582.6) (49.1) (198.2)

 

United States Dollars 
West Africa Region  South America Region
Ghana  Peru  Chile 
Figures in millions unless otherwise stated  Tarkwa  Damang  Asanko 
45% 
Cerro 
Corona 
Salares  
Norte  
Project1
                   
Operating Results (Unreviewed)
Ore milled/treated (000 tonnes) 13,877  4,720  2,670  6,817   
  14,234  4,798  2,674  6,796   
Yield (grams per tonne) 1.2  1.7  1.1  1.1   
1.1  1.4  1.3  0.9   
Gold produced (000 managed equivalent ounces) 521.7  254.4  94.6  248.3   
  526.3  223.0  112.5  207.1   
Gold produced (000 attributable equivalent ounces) 469.5  229.0  94.6  247.0   
  473.7  200.7  112.5  206.1   
Gold sold (000 managed equivalent ounces) 521.7  254.4  97.2  248.4   
526.3  223.0  109.7  205.5   
Gold price received (dollar per equivalent ounce) 1,796  1,798  1,770  1,750   
  1,763  1,798  1,715  1,795   
Cost of sales before gold inventory change and  24  47  43  28   
amortisation and depreciation (dollar per tonne) 21  49  40  23   
All-in sustaining costs (dollar per ounce) 1,155  802  1,431  (34)  
  1,017  1,008  1,114  484   
Total all-in cost (dollar per ounce) 1,155  852  1,559  230   
  1,017  1,035  1,316  715   
Financial Results (US$ millions) (Reviewed)                  
Revenue  936.9  457.5  172.1  434.8   
  927.7  400.8  188.2  368.8   
Cost of sales before amortisation and depreciation  (310.2) (150.1) (110.4) (175.6)  
  (297.0) (171.9) (94.1) (154.4)  
Cost of sales before gold inventory change  (339.7) (222.0) (115.0) (190.0)  
and amortisation and depreciation  (294.5) (233.1) (107.1) (158.3)  
– Gold inventory change  29.6  71.9  4.6  14.4   
  (2.4) 61.2  13.0  3.9   
Amortisation of mining assets  (172.3) (92.6) (22.3) (88.3)  
  (168.2) (75.6) (22.9) (77.6)  
Other expenses  (9.3) (15.8) (3.7) (51.9) (97.1)
  (83.9) (42.3) (2.3) (32.2) 58.8 
Profit/(loss) before royalties and taxation  445.1  199.0  35.6  119.0  (97.1)
  378.7  111.0  68.8  104.6  58.8 
Royalties, mining and income taxation  (160.7) (82.6) (8.6) (62.5) 84.8 
  (173.9) (54.9) (9.4) (48.4) (7.4)
– Normal taxation  (110.3) (81.1)   (61.2) (1.9)
  (129.6) –  –  (52.2) (7.4)
– Royalties  (37.5) (18.3) (8.6) (8.0)  
  (37.1) (16.0) (9.4) (5.6) – 
– Deferred taxation  (13.0) 16.8    6.7  86.7  
  (7.2) (38.9) –  9.4  – 
Profit/(loss) before non-recurring items  284.4  116.4  27.0  56.5  (12.3)
  204.8  56.1  59.4  56.2  51.4 
Non-recurring items  (24.7) (17.7)   (1.6)  
  (31.3) (10.9) –  (2.3) 23.9 
Net profit/(loss) 259.8  98.7  27.0  54.8  (12.3)
  173.5  45.2  59.4  53.9  75.3 
Capital expenditure  (209.0) (23.4) (20.5) (55.7) (374.9)
  (147.2) (19.9) (31.2) (49.9) (96.8)

The average US Dollar/Rand exchange rates were US$1 = R14.79 for 2021 and US$1 = R16.38 for 2020. 
The average Australian/US Dollar exchange rates were A$1 = US$0.75 for 2021 and A$1 = US$0.69 for 2020. 

1  In 2021 Salares Norte became a reportable segment, as the CODM has started monitoring the capital expenditure and progress towards completion. The comparative figures have been disclosed. 
Figures may not add as they are rounded independently. 

 

United States Dollars 
    United States Dollars 
    Australia Region 
Figures in millions unless otherwise stated      Total  St Ives  Agnew  Granny Smith  Gruyere 50% 
                       
Operating Results (Unreviewed)                      
Ore milled/treated (000 tonnes) Year 2021  11,223  4,088  1,254  1,662  4,219 
  Year 2020  11,946  4,817  1,357  1,719  4,054 
Yield (grams per tonne) Year 2021  2.8  3.0  5.5  5.2  0.9 
  Year 2020  2.6  2.5  5.3  4.9  1.0 
Gold produced (000 managed equivalent ounces) Year 2021  1,018.5  393.0  223.0  279.2  123.3 
  Year 2020  1,016.8  384.9  233.3  269.6  129.1 
Gold produced (000 attributable equivalent ounces) Year 2021  1,018.5  393.0  223.0  279.2  123.3 
  Year 2020  1,016.8  384.9  233.3  269.6  129.1 
Gold sold (000 managed equivalent ounces) Year 2021  1,021.9  391.1  222.8  283.6  124.4 
  Year 2020  1,020.5  393.8  233.5  265.2  128.0 
Gold price received (dollar per equivalent ounce) Year 2021  1,803  1,804  1,804  1,800  1,804 
  Year 2020  1,759  1,756  1,762  1,758  1,762 
Cost of sales before gold inventory  Year 2021  64  66  134  115  22 
change and amortisation and depreciation (dollar per tonne) Year 2020  54  50  116  99  18 
All-in sustaining costs (dollar per ounce) Year 2021  1,065  1,006  1,164  1,033  1,146 
  Year 2020  917  843  1,017  938  921 
Total all-in cost (dollar per ounce) Year 2021  1,146  1,040  1,308  1,161  1,158 
  Year 2020  957  873  1,053  1,010  931 
Financial Results (US$ millions) (Reviewed)                      
Revenue  Year 2021  1,842.3  705.5  402.0  510.4  224.4 
  Year 2020  1,794.7  691.4  411.5  466.4  225.4 
Cost of sales before amortisation and depreciation  Year 2021  (720.8) (273.5) (172.6) (193.5) (81.3)
  Year 2020  (637.1) (234.1) (162.8) (167.1) (73.1)
Cost of sales before gold inventory  Year 2021  (720.5) (268.4) (168.2) (191.3) (92.5)
change and amortisation and depreciation  Year 2020  (641.6) (240.7) (157.3) (170.2) (73.4)
– Gold inventory change  Year 2021  (0.3) (5.1) (4.3) (2.1) 11.3 
  Year 2020  4.5  6.6  (5.4) 3.1  0.3 
Amortisation of mining assets  Year 2021  (299.6)
  Year 2020  (298.8)              
Other expenses  Year 2021  (81.7)
  Year 2020  (264.9)              
Profit/(loss) before royalties and taxation  Year 2021  740.2 
  Year 2020  593.9               
Royalties, mining and income taxation  Year 2021  (252.0)
  Year 2020  (208.9)              
– Normal taxation  Year 2021  (166.1)
  Year 2020  (166.0)              
– Royalties  Year 2021  (46.0)
  Year 2020  (44.3)              
– Deferred taxation  Year 2021  (39.9)
  Year 2020  1.3               
Profit/(loss) before non-recurring items  Year 2021  488.2 
  Year 2020  384.9               
Non-recurring items  Year 2021  (12.4)
  Year 2020  (3.8)              
Net profit/(loss) Year 2021  475.8 
  Year 2020  381.2               
Capital expenditure  Year 2021  (335.6) (103.3) (88.2) (100.4) (43.7)
  Year 2020  (219.8) (73.5) (51.9) (66.4) (28.0)

 

United States Dollars 
Australian Dollars    South African 
    Australia Region2    South Africa   Region3
Figures in millions unless otherwise stated  Total  St Ives  Agnew  Granny 
Smith 
Gruyere 
50% 
South Deep 
                       
Operating Results (Unreviewed)                      
Ore milled/treated (000 tonnes) 11,223  4,088  1,254  1,662  4,219  2,922 
  11,946  4,817  1,357  1,719  4,054  2,258 
Yield (grams per tonne) 2.8  3.0  5.5  5.2  0.9  3.1 
  2.6  2.5  5.3  4.9  1.0  3.1 
Gold produced (000 managed equivalent ounces) 1,018.5  393.0  223.0  279.2  123.3  9,101 
  1,016.8  384.9  233.3  269.6  129.1  7,056 
Gold produced (000 attributable equivalent ounces) 1,018.5  393.0  223.0  279.2  123.3  8,776 
  1,016.8  384.9  233.3  269.6  129.1  7,056 
Gold sold (000 managed equivalent ounces) 1,021.9  391.1  222.8  283.6  124.4  9,102 
  1,020.5  393.8  233.5  265.2  128.0  7,056 
Gold price received (dollar per equivalent ounce) 2,400  2,401  2,402  2,396  2,401  851,102 
  2,551  2,547  2,557  2,551  2,557  928,707 
Cost of sales before gold inventory  85  87  179  153  29  1,580 
change and amortisation and depreciation (dollar per tonne) 78  72  168  144  26  1,648 
All-in sustaining costs (dollar per ounce) 1,418  1,339  1,550  1,376  1,525  622,726 
  1,331  1,223  1,475  1,360  1,337  651,514 
Total all-in cost (dollar per ounce) 1,526  1,385  1,741  1,545  1,541  655,826 
  1,388  1,266  1,528  1,465  1,350  663,635 
Financial Results (US$ millions) (Reviewed)                      
Revenue  2,452.5  939.2  535.1  679.5  298.7  7,746.7 
  2,603.8  1,003.0  597.0  676.7  327.2  6,552.9 
Cost of sales before amortisation and depreciation  (959.6) (364.1) (229.7) (257.6) (108.2) (4,510.0)
  (924.1) (339.5) (236.1) (242.5) (106.1) (3,750.6)
Cost of sales before gold inventory  (959.2) (357.3) (224.0) (254.7) (123.2) (4,617.5)
change and amortisation and depreciation  (930.7) (349.1) (228.2) (246.9) (106.5) (3,721.7)
– Gold inventory change  (0.4) (6.8) (5.8) (2.8) 15.0  107.5 
  6.6  9.6  (7.9) 4.5  0.4  (28.9)
Amortisation of mining assets  (398.9) (635.8)
  (433.4)                 (476.0)
Other expenses  (108.8) (87.0)
  (384.3)                 (1,492.0)
Profit/(loss) before royalties and taxation  985.2  2,513.8 
  862.0                  834.3 
Royalties, mining and income taxation  (335.4) (804.7)
  (303.1)                 (260.9)
– Normal taxation  (221.1)  
  (240.8)                 — 
– Royalties  (61.3) (38.7)
  (64.2)                 (32.8)
– Deferred taxation  (53.1) (765.9)
  2.0                  (228.1)
Profit/(loss) before non-recurring items  649.7  1,709.2 
  558.9                  573.5 
Non-recurring items  (16.5) (15.8)
  (5.4)                 5.2 
Net profit/(loss) 633.2  1,693.4 
  553.4                  578.6 
Capital expenditure  (446.8) (137.6) (117.4) (133.7) (58.2) (1,320.4)
  (318.8) (106.5) (75.3) (96.4) (40.6) (803.9)

At the Australian operations, as a significant portion of the acquisition price was allocated to tenements on endowment ounces and also as the Australian operations are entitled to transfer and then offset tax losses from one Company to another, it is not meaningful to split the income statement below cost of sales.

2 For Australia, all financial numbers are in Australian Dollar.
3 For South Africa, all financial numbers are in Rand and Rand per kilogram.

Figures may not add as they are rounded independently.