Report for the Quarter and Six Months Ended 30 June 2014
Report for the quarter and six months ended 30 June 2014 AngloGold Ashanti posts fatality free quarter and record safety performance on all key metrics; Longest periiod with no fatalityt Production of 1.098Moz ahead of guidance; Up 17% year-on-year and 4% on prior quarter Total cash costs $836/oz, at lower end of market guidance; 7% lower year-on-year All-in sustaaining costs $1,060/oz, a decrease of 19% year-on-year on overhead and direct cost improvements Net Debt reduced further; Net debt to adjusted EBITDA improves to 1.73 times on continued cash flow generation Revolving Credit Facilities refinanced with five-year maturitties with more favourable covenants Normalised Adjusted Headline Earnings $76m on strong production, despite lower gold price, inflation and winter power tariffs Newly agreed natural gas pipeline for Australian operations expected to reduce costs Full-year production outlook remains intact Quarter Six months ended ended ended ended ended Jun Mar Jun Jun Jun 2014 2014 2013 2014 2013 US dollar / Imperial Operating review Gold Produced - oz (000) 1,098 1,055 935 2,152 1,834 Sold - oz (000) 1,088 1,097 912 2,185 1,840 Price received 1 - $/oz 1,289 1,290 1,421 1,289 1,529 All-in sustaining cost 2 - $/oz 1,060 993 1,302 1,027 1,288 All-in cost 2 - $/oz 1,192 1,114 1,679 1,153 1,650 Total cash costs 3 - $/oz 836 770 898 804 896 Financial review Gold income - $m 1,321 1,324 1,242 2,644 2,705 Cost of sales - $m (1,064) (1,012) (1,012) (2,076) (2,040) Total cash costs 3 - $m 874 778 824 1,651 1,621 Production costs4
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