The aim of this report is to provide balanced insight into AngloGold Ashanti’s ability to create and preserve value in the prevailing operating context. This report provides a concise overview of our overall performance and prospects, to assist the reader in making an informed decision on our ability to create value in the short, medium and long term, and on the future viability of our business.

2021 at a glance

2.5Moz Gold produced

3.5Moz Silver produced

173t Sulphuric acid produced

123.2Moz Mineral Resource

29.8Moz Ore Reserve

A new Operating Model and organisational structure are being implemented to improve performance quality and consistency

$4.0bn Revenue generated

$2.6bn Liquidity

$3,386m Economic value distributed

$765m Adjusted net debt

$1.8bn Adjusted EBITDA

Liquidity remains strong, providing good financial flexibility; a gross dividend of 20 US cents a share was declared for 2021

Leadership messages

“As ever, AngloGold Ashanti’s values will continue to be a lodestar in dictating our actions and our interventions – not only in response to COVID-19 and its aftermath, but in every aspect of how we do business.

Maria Ramos

It is a great honour to be appointed CEO of AngloGold Ashanti, truly an iconic gold mining company endowed with high quality assets, great people, and an excellent balance sheet – the critical foundation stones upon which to build long-term success.

Alberto Calderon
Chief Executive Officer

Our cost performance in 2021 reflects the reinvestment programme that commenced at the beginning of 2020 across our portfolio and continued during the year in review, including increased conversion of Mineral Resource to Ore Reserve.

Christine Ramon
Chief Financial Officer

The principle of fair and responsible pay continues to guide our decision making, with particular emphasis on recognising the contribution of all AngloGold Ashanti employees.

Maria Richter
Chairperson: Remuneration and Human Resources Committee