AngloGold Ashanti shared additional information on its long-term indicative outlook, including:
• On a five-year outlook, expecting an average 5% compound annual growth in gold
production;
• Sustaining capital expenditure for 2021 and 2022 is expected to range between $720m
and $820m ($260/oz to $290/oz). This includes investment of $330m and $380m in
Ore Reserve Development and Exploration, and Brazil tailings compliance capital in
2021 of $70m to $80m;
• Following completion of these [projects], as well as the expected return of sustaining
capital to normalised levels of $160/oz to $200/oz when the current, intensive
brownfields investment campaign comes to an end, long-term All-in sustaining costs
per ounce (AISC) is expected to decline by approximately 10%; and
• The Colombian investments mean total capital expenditure is expected to increase in
2022 to 2024, before falling off.
AngloGold Ashanti’s growth trajectory will harness the full potential of the portfolio to unlock
value. As AngloGold Ashanti looks to its next chapter, the foundation of this work is:
• Operational excellence, as evidenced by the early successes of AngloGold Ashanti’s
Ore Reserve growth programme, on-time and on-budget brownfields expansion
projects, and exciting potential greenfields opportunities;
• A healthy balance sheet that has been significantly deleveraged, providing strategic
flexibility through the cycle; and
• Commitment to ESG is a cornerstone of the Company’s strategy, underpinned by
rigorous governance and transparency in every community in which we operate.
AngloGold Ashanti’s commitment to its shareholders is firm, we have assessed, and will
continue to assess, all options to improve shareholder value, while remaining disciplined and
steadfast in our approach and in delivering on the strategy through the cycle.
The presentation materials and a presentation replay will be available on the Company’s
website at:
AngloGold Ashanti Capital Markets Day Presentation
ENDS
Johannesburg
23 February 2021
JSE Sponsor: The Standard Bank of South Africa Limited
CONTACTS
Media
Chris Nthite
General inquiries
+27 11 637 6388/ +27 83 301 2481
cnthite@anglogoldashanti.com
media@anglogoldashanti.com
Investors
Sabrina Brockman
+1 646 880 4526/ +1 646 379 2555
sbrockman@anglogoldashanti.com
Yatish Chowthee
Fundisa Mgidi
+27 11 637 6273 / +27 78 364 2080
+27 11 637 6763 / +27 82 821 5322
yrchowthee@anglogoldashanti.com
fmgidi@anglogoldashanti.com