Integrated report <IR> 2020

2020 at a glance

2020 – another redefining year for AngloGold Ashanti

We improved the quality of our portfolio, balancing competing capital needs, and delivered the Obuasi redevelopment project on time and within budget, supplemented the Ore Reserve in our core portfolio, further reduced debt and grew our dividend, all while managing our operations through the most challenging year ever – due to COVID-19.


Decreased to3.0Moz production decline reflects COVID-19 challenges and streamlined portfolio

Increased to

Increased to$1,059/oz includes impact of COVID-19-related

Increased to 2.39 AIFR rate improved 28% on 2019

Increased to56%* year-on-year

Decreased by62%* year-on-year

Increased to0.24 times* from 1.0 in 2019

Increased to6.1Moz Added to Ore Reserve on a gross basis and 2.6Moz on net basis for a net increase of 10% year-on-year, portfolio production life increased to about 11 years.

Positioning the business to sustainably grow production and margins

Free cash flow before growth capital Increased to124% year-on-year to $1bn

>5x Dividend increased more than fivefold to approximately 48 US cents per share

* From continuing operations