AngloGold Ashanti : Q1 2021 - Supplementary report (1006.2k)

Supplementary report to shareholders

for the three months ended 31 March 2021

March 2021 Supplementary report - www.AngloGoldAshanti.com

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Development Sampling

for the quarter ended 31 March 2021

Development values represent actual results of sampling, no allowances having been made for adjustments necessary in

estimating Ore Reserves.

Statistics are shown in metric units	Advanced		Sampled
	metres	Sampled	Avg. ore body	gold
	(total)*	metres	thickness (cm)	Avg. g/t
AFRICA
Geita
Nyankanga	2,541	617	550.0	3.14
Star and Comet + Ridge 8	1,070	540	250.0	3.06
Geita Hill	347	8	500.0	4.27
SOUTH AMERICA
AngloGold Ashanti Mineração
Mina de Cuiabá	3,639	1,250	96.0	4.45
Lamego	1,436	562	84.0	1.95
Córrego do Sitio Mina I	3,411	509	-	1.82
Serra Grande
Mina III	1,953	1,204	100.0	1.88
Mina Nova/PQZ	961	685	100.0	2.27
Palmeiras	367	1,814	100.0	1.88
Statistics are shown in imperial units	Advanced		Sampled
	feet	Sampled	Avg. ore body	gold
	(total)*	feet	thickness (inches)	Avg. oz/t
AFRICA
Geita
Nyankanga	8,336	2,025	216.54	0.09
Star and Comet + Ridge 8	3,509	1,771	98.43	0.09
Geita Hill	1,137	27	196.85	0.12
SOUTH AMERICA
AngloGold Ashanti Mineração
Mina de Cuiabá	11,939	4,102	37.80	0.13
Lamego	4,711	1,844	33.07	0.06
Córrego do Sitio Mina I	11,191	1,671	-	0.05
Serra Grande
Mina III	6,408	3,950	39.37	0.05
Mina Nova/PQZ	3,154	2,247	39.37	0.07
Palmeiras	1,203	5,951	39.37	0.05

* This includes total "on-reef" and "off-reef" development metres

March 2021 Supplementary report - www.AngloGoldAshanti.com

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OPERATING RESULTS		Africa	Australia	Americas	Total group
THREE MONTHS ENDED
MARCH 2021
UNDERGROUND OPERATION
Area mined	- 000 m2	-	-	-	-
Mined	- 000 tonnes	1,060	811	981	2,851
Milled / Treated	- 000 tonnes	892	767	972	2,631
Recovered grade	- oz/ton	0.144	0.065	0.095	0.103
	- g/tonne	4.95	2.24	3.27	3.54
Gold produced	- oz (000)	142	55	102	299
SURFACE AND DUMP RECLAMATION
Milled / Treated	- 000 tonnes	-	-	-	-
Recovered grade	- oz/ton	-	-	-	-
	- g/tonne	-	-	-	-
Gold produced	- oz (000)	-	-	-	-
OPEN-PIT OPERATION
Volume mined	- 000 bcm	6,389	6,613	-	13,002
Mined	- 000 tonnes	14,985	15,133	2,707	32,825
Treated	- 000 tonnes	4,797	1,741	217	6,755
Stripping ratio	- ratio	4.72	66.17	11.17	9.70
Recovered grade	- oz/ton	0.040	0.025	0.089	0.038
	- g/tonne	1.36	0.86	3.07	1.29
Gold produced	- oz (000)	210	48	21	280
HEAP LEACH OPERATION
Mined	- 000 tonnes	-	-	949	949
Placed	- 000 tonnes	-	-	504	504
Stripping ratio	- ratio	-	-	9.30	9.30
Recovered grade	- oz/ton	-	-	0.004	0.004
	- g/tonne	-	-	0.14	0.14
Gold placed	- oz (000)	-	-	2	2
Gold produced	- oz (000)	-	-	9	9
PRE-PRODUCTION MILLED / TREATED	- 000 tonnes	-	-	-	-
PRE-PRODUCTION OUNCES PRODUCED	- oz (000)	-	-	-	-
PRODUCTIVITY PER EMPLOYEE
Actual	- oz/TEC	16.09	27.51	7.75	13.76
TOTAL
Subsidiaries' gold produced	- oz (000)	266	103	132	502
Joint ventures' gold produced	- oz (000)	86	-	-	86
Attributable gold produced (1)	- oz (000)	352	103	132	588
Minority gold produced	- oz (000)	10	-	3	13
Subsidiaries' gold sold	- oz (000)
283	106	133	522
Joint ventures' gold sold	- oz (000)	86	-	-	86
Attributable gold sold (1)	- oz (000)	369	106	133	608
Minority gold sold	- oz (000)	11	-	3	13
Spot price	- $/oz	1,794	1,794	1,794	1,794
Price received	- $/oz sold	1,787	1,801	1,779	1,788
All-in sustaining cost	- $/oz sold	1,140	1,768	1,211	1,287
All-in costs	- $/oz sold	1,283	1,923	1,419	1,446
Total cash costs	- $/oz produced	948	1,359	874	999
Total production costs	- $/oz produced	1,114	1,590	1,121	1,196

Recovered grade calculated using a short ton.

1. Includes capitalised gold

Rounding of figures may result in computational discrepancies.

March 2021 Supplementary report - www.AngloGoldAshanti.com

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FINANCIAL RESULTS ($m)	Africa	Australia	Americas	Corporate	Sub-total	Less equity	Total group
THREE MONTHS ENDED	accounted
and other
MARCH 2021					investments
Revenue from product sales	680	192	262	-	1,134	(154)	979
Total cash costs	(347)	(141)	(140)	3	(626)	64	(562)
Retrenchment costs	-	-	-	-	-	-	-
Rehabilitation and other non-cash costs	-	4	2	-	6	1	7
Amortisation of assets	(59)	(28)	(35)	(1)	(122)	23	(100)
Total production costs	(407)	(165)	(173)	2	(742)	87	(655)
Inventory change	(24)	(2)	4	-	(21)	-	(22)
Cost of sales	(431)	(167)	(169)	2	(764)	87	(677)
Realised gain (loss)	-	-	-	-	-	-	-
Unrealised non-hedge derivatives and other	-	-	-	-	-	-	-
commodity contracts
Gross profit (loss)	249	25	93	2	370	(67)	302
Corporate and other income (costs)	-	(1)	(1)	(15)	(16)	-	(16)
Exploration and evaluation costs	(4)	(10)	(18)	-	(32)	-	(31)
Intercompany transactions	(1)	(1)	1	-	-	-	-
Impairment and derecognition of assets	-	-	-	-	-	-	-
Profit / loss on disposal of assets	-	-	-	-	-	-	-
Other expenses / income	3	-	(4)	(1)	(2)	-	(2)
Operating profit (loss)	247	14	72	(13)	319	(67)	253
Net finance (costs) income, unwinding of	(4)	(2)	9	(17)	(13)	(2)	(15)
obligations and fair value adjustments
Other gain (loss)	2	(3)	(15)	1	(15)	-	(15)
Share of equity accounted investments profit	-	-	-	4	4	53	57
(loss)
Profit (loss) before taxation	245	8	66	(25)	295	(16)	279
Taxation	(49)	(3)	(34)	-	(86)	16	(70)
Profit (loss) after taxation from continuing	197	5	32	(25)	209	-	209
operations
Profit (loss) from discontinued operations	-	-	-	-	-	-	-
Profit (loss) for the period	197	5	32	(25)	209	-	209
Equity shareholders	192	5	31	(25)	203	-	203
Non-controlling interests	5	-	1	-	6	-	6
Operating profit (loss)	247	14	72	(13)	319	(67)	253
Retrenchment costs	-	-	-	-	-	-	-
Unrealised non-hedge derivatives and other	-	-	-	-	-	-	-
commodity contracts
Realised (gain) loss on other commodity contracts	-	-	-	-	-	-	-
Intercompany transactions	1	1	(1)	-	-	-	-
Regional corporate costs	-	1	1	(1)	-	-	-
Care and maintenance costs	-	-	-	-	-	-	-
Impairment and derecognition of assets	-	-	-	-	-	-	-
Profit / loss on disposal of assets	-	-	-	-	-	-	-
Other expenses / income	-	-	-	1	1	-	1
Share of associates' EBIT	-	-	-	4	4	67	71
EBIT	248	16	71	(11)	324	-	324
Amortisation of assets	59	28	35	1	122	(23)	100
Share of associates' amortisation	-	-	-	-	-	23	23
Other amortisation	-	-	2	-	2	-	2
EBITDA	307	44	108	(10)	449	-	449
Profit (loss) attributable to equity shareholders	192	5	31	(25)	203	-	203
Impairment, derecognition and profit /loss on disposal of	-	-	-	-	-	-	-
assets
Foreign exchange loss release to Income statement	-	-	-	-	-	-	-
Share of associates' impairment, derecognition and profit	-	-	-	-	-	-	-
/loss on disposal of assets
Discontinued operations	-	-	-	-	-	-	-
Taxation on items above	-	-	-	-	-	-	-
Headline earnings (loss)	192	5	31	(25)	203	-	203
Sustaining ORD / Stripping capex	35	33	23	-	92	(4)	88
Other Sustaining capex	18	10	23	-	51	(7)	44
Non Sustaining capital	54	7	6	-	67	-	67
Total capital expenditure	107	50	52	-	210	(11)	199
Rounding of figures may result in computational discrepancies.						4
March 2021 Supplementary report - www.AngloGoldAshanti.com

OPERATING RESULTS		Kibali	Iduapriem	Obuasi	Siguiri	Geita	Africa
THREE MONTHS ENDED
	45% attributable	85% attributable
MARCH 2021
UNDERGROUND OPERATION
Area mined	- 000 m2	-	-	-	-	-	-
Mined	- 000 tonnes	411	-	161	-	487	1,060
Milled / Treated	- 000 tonnes	415	-	200	-	277	892
Recovered grade	- oz/ton	0.150	-	0.211	-	0.088	0.144
	- g/tonne	5.13	-	7.23	-	3.03	4.95
Gold produced	- oz (000)	68	-	46	-	27	142
SURFACE AND DUMP RECLAMATION
Milled / Treated	- 000 tonnes	-	-	-	-	-	-
Recovered grade	- oz/ton	-	-	-	-	-	-
	- g/tonne	-	-	-	-	-	-
Gold produced	- oz (000)	-	-	-	-	-	-
OPEN-PIT OPERATION
Volume mined	- 000 bcm	1,140	2,743	-	2,505	-	6,389
Mined	- 000 tonnes	2,955	7,092	-	4,939	-	14,985
Treated	- 000 tonnes	479	1,141	-	2,241	936	4,797
Stripping ratio	- ratio	10.32	9.66	-	1.92	-	4.72
Recovered grade	- oz/ton	0.034	0.038	-	0.023	0.084	0.040
	- g/tonne	1.15	1.31	-	0.81	2.87	1.36
Gold produced	- oz (000)	18	48	-	58	87	210
HEAP LEACH OPERATION
Mined	- 000 tonnes	-	-	-	-	-	-
Placed	- 000 tonnes	-	-	-	-	-	-
Stripping ratio	- ratio	-	-	-	-	-	-
Recovered grade	- oz/ton	-	-	-	-	-	-
	- g/tonne	-	-	-	-	-	-
Gold placed	- oz (000)	-	-	-	-	-	-
Gold produced	- oz (000)	-	-	-	-	-	-
PRE-PRODUCTION MILLED / TREATED	- 000 tonnes	-	-	-	-	-	-
PRE-PRODUCTION OUNCES PRODUCED	- oz (000)	-	-	-	-	-	-
PRODUCTIVITY PER EMPLOYEE
Actual	- oz/TEC	19.55	15.64	10.55	18.83	16.40	16.09
TOTAL
Subsidiaries' gold produced	- oz (000)	-	48	46	58	113	266
Joint ventures' gold produced	- oz (000)	86	-	-	-	-	86
Attributable gold produced (1)	- oz (000)	86	48	46	58	113	352
Minority gold produced	- oz (000)	-	-	-	10	-	10
Subsidiaries' gold sold	- oz (000)
-	52	52	60	119	283
Joint ventures' gold sold	- oz (000)	86	-	-	-	-	86
Attributable gold sold (1)	- oz (000)	86	52	52	60	119	369
Minority gold sold	- oz (000)	-	-	-	11	-	11
Spot price	- $/oz	1,794	1,794	1,794	1,794	1,794	1,794
Price received	- $/oz sold	1,789	1,787	1,786	1,784	1,786	1,787
All-in sustaining cost	- $/oz sold	895	1,531	1,234	1,147	1,102	1,140
All-in costs	- $/oz sold	899	1,537	2,086	1,160	1,157	1,283
Total cash costs	- $/oz produced	733	1,115	968	1,197	907	948
Total production costs	- $/oz produced	1,006	1,179	1,153	1,263	1,078	1,114

Recovered grade calculated using a short ton.

1. Includes capitalised gold

Rounding of figures may result in computational discrepancies.

March 2021 Supplementary report - www.AngloGoldAshanti.com

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