Economic performance

Key indicators

The following are key indicators of AngloGold Ashanti's economic performance.

  • Gold production in 2005 up by 6% to 6.2 Moz (2004: 5.8 Moz).
  • Total cash costs rose 6% to $281/oz mainly due to inflation and strong operating currencies.
  • Payments to employees, including salaries, wages and other benefits amounted to $877 million, 7% up on the previous year (2004: $823 million).
  • Deferred taxation amounted to a credit of $118 million (2004: credit of $107 million).
  • Adjusted headline earnings decreased by 26% to $200 million (2004: $271 million).
  • Dividends of $169 million were paid to shareholders during 2005 (2004: $198 million).
  • Capital expenditure rose by 23% to $722 million (2004: $585 million).
    • Approval was given during the year for the Cuiabá expansion project at AngloGold Ashanti Mineração in Brazil and the Geita owner mining project in Tanzania.
  • As at 31 December 2005, Ore Reserves were 63 Moz and Mineral Resources, 176 Moz.
Gold production (000oz)
Gold production (000oz)
Total cash cost ($/oz)
Total cash cost ($/oz)

Report to Society 2005