AngloGold Ashanti: Americas’ gold production was 11% lower

In the Americas region, AngloGold Ashanti gold production was 136,000oz for the quarter ended 30 September 2023, compared to 152,000oz for the quarter ended 30 September 2022. Gold production was 11% lower year-on-year mainly due to lower gold production at AGA Mineração and Cerro Vanguardia, partly offset by higher gold production at Serra Grande.

Gold production was 7% lower quarter-on-quarter at 136,000oz in the third quarter of 2023, compared to 147,000oz in the second quarter of 2023, mainly due to lower gold production at Cerro Vanguardia and AGA Mineração, which included the placement of the CdS mine in care and maintenance in August 2023.

In Brazil, at AGA Mineração, gold production was 77,000oz for the quarter ended 30 September 2023, compared to 86,000oz for the quarter ended 30 September 2022. Gold production was 10% lower year-on-year mainly due to the cessation of mining activities at CdS. At Cuiabá, gold production was 67,000oz for the third quarter of 2023, which comprised 21,000oz of gravimetric gold and 46,000oz of gold-in-concentrate.

Gold production at AGA Mineração was 13% lower quarter-on-quarter at 77,000oz in the third quarter of 2023, compared to 88,000oz in the second quarter of 2023, mainly due to the cessation of mining activities at CdS.

At Serra Grande, gold production was 24,000oz for the quarter ended 30 September 2023, compared to 22,000oz for the quarter ended 30 September 2022. Gold production was 9% higher year-on-year mainly due to higher ore tonnes processed, partly offset by lower overall recovered grades.

Gold production at Serra Grande was 9% higher quarter-on-quarter at 24,000oz in the third quarter of 2023, compared to 22,000oz in the second quarter of 2023, mainly due to higher ore tonnes processed, partly offset by lower overall recovered grades.

In Argentina, at Cerro Vanguardia, gold production was 35,000oz for the quarter ended 30 September 2023, compared to 44,000oz for the quarter ended 30 September 2022. Gold production was 20% lower year-on-year mainly due to lower ore tonnes processed and lower overall recovered grades.

Gold production at Cerro Vanguardia was 5% lower quarter-on-quarter at 35,000oz in the third quarter of 2023, compared to 37,000oz in the second quarter of 2023, mainly due to lower ore tonnes processed, partly offset by marginally higher overall recovered grades.

In the Australia region, gold production was 140,000oz for the quarter ended 30 September 2023, compared to 143,000oz for the quarter ended 30 September 2022. Gold production was 2% lower year-on-year mainly due to lower gold production at Tropicana, partly offset by higher gold production at Sunrise Dam.

Gold production was flat quarter-on-quarter at 140,000oz, as higher gold production at Tropicana was offset by lower gold production at Sunrise Dam.

At Sunrise Dam, gold production was 64,000oz for the third quarter of 2023 compared to 57,000oz for the quarter ended 30 September 2022. Gold production was 12% higher year-on-year mainly due to improved mill feed grades as a result of ore sourced from higher grade underground mining areas. Underground ore tonnes processed, a key area of improvement at Sunrise Dam, increased 18% year-on-year, as the benefits of the FP review programme continued to materialise.

Gold production at Sunrise Dam was 3% lower quarter-on-quarter at 64,000oz in the third quarter of 2023, compared to 66,000oz in the second quarter of 2023, mainly due to lower open pit tonnes processed. The focus remains on increasing underground ore tonnes, which were up 6% quarter-on-quarter.

At Tropicana, gold production was 76,000oz for the third quarter of 2023 compared to 86,000oz for the quarter ended 30 September 2022.

Gold production was 12% lower year-on-year mainly due to lower ore tonnes processed and lower overall recovered grades.

Gold production at Tropicana was 3% higher quarter-on-quarter at 76,000oz in the third quarter of 2023, compared to 74,000oz in the second quarter of 2023, mainly due to higher overall recovered grades, partly offset by lower ore tonnes processed.

GUIDANCE

The Company previously provided guidance for 2023, which remains unchanged. The Company remains on track to achieve full year gold production guidance. Gold production is expected to be second half weighted, with fourth quarter gold production expected to be the strongest out of all the quarters this year.