Key features 2004 (PDF - 262KB)

Key features

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Key features 2004 - financial

• Average dollar gold spot price 13% higher at $409 per ounce
• Received gold price increased by 9% to $394, per ounce
• Adjusted operating profit down by 22% to $434 million
• Capital expenditure up by 30% to $585 million
• Adjusted headline earnings down by 7% to $263 million
• Total dividend for the year of R3.50 per share, or $0.56 per ADS
• Hedge book restructured for more exposure to higher dollar gold price

Dividend declared per ordinary share (US cents)

Adjusted headline earnings per share (US cents)

Rand/US dollar average exchange rate

		2004		2003
	Average for year	Closing rate	Average for year	Closing rate
R/$	6.4368	5.6450	7.5516	6.6679
A$/$	1.3570	1.2776	1.5406	1.3275

Key features 2004 - operational

• Combining the operations of AngloGold with those of Ashanti
• Gold production up 8% to 6.05 million ounces, largely as a result of the business combination
• Total cash costs rise 25% to $268 per ounce as dollar weakens against operating currencies
• Ore Reserves up 25% to 79 million ounces and Mineral Resources 3% higher at 218 million ounces as at the end of December 2004

Gold production (000 oz)

Total cash costs ($/oz)

Price received ($/oz sold)