Review of the year

Summarised group operating results (PDF – 50KB)

Summarised group operating results

For the year ended 31 December

		2007	2006	2005	2004	2003
Operating results
Underground operations
Metric tonnes milled	000	13,112	13,489	13,806	13,554	13,047
Yield	g/t	6.99	7.20	7.31	7.50	8.03
Gold produced	000 oz	2,948	3,123	3,243	3,270	3,367
Surface and dump reclamation
Metric tonnes treated	000	12,429	12,414	8,061	7,102	36,822
Yield	g/t	0.49	0.50	0.52	0.60	0.27
Gold produced	000 oz	197	201	136	138	320
Open-pit operations
Metric tonnes mined	000	172,487	173,178	168,904	135,171	125,529
Stripping ratio ⁽¹⁾		4.48	4.82	5.02	6.34	8.95
Metric tonnes treated	000	25,312	26,739	25,541	18,236	13,967
Yield	g/t	2.34	2.14	2.74	3.21	3.43
Gold produced	000 oz	1,904	1,843	2,246	1,883	1,540
Heap-leach operations
Metric tonnes mined	000	59,720	63,519	61,091	71,837	59,507
Metric tonnes placed ⁽²⁾	000	22,341	23,329	22,227	22,120	18,265
Stripping ratio ⁽¹⁾		1.77	1.83	1.97	2.08	2.59
Recoverable gold placed ⁽³⁾	kg	16,242	18,162	18,500	18,670	14,976
Yield ⁽⁴⁾	g/t	0.73	0.78	0.83	0.84	0.81
Gold produced	000 oz	428	468	541	538	389
Total gold produced	000 oz	5,477	5,635	6,166	5,829	5,616
– South Africa		2,328	2,554	2,676	2,857	3,281
– Argentina		204	215	211	211	209
– Australia		600	465	455	410	432
– Brazil		408	339	346	334	323
– Ghana		527	592	680	485	–
– Guinea		280	256	246	83	–
– Mali		441	537	528	475	577
– Namibia		80	86	81	66	73
– Tanzania		327	308	613	570	331
– USA		282	283	330	329	390
– Zimbabwe		–	–	–	9	–
Average price received ⁽⁵⁾	$/oz sold	629	577	439	394	363
Total cash costs ⁽⁵⁾	$/oz produced	357	308	281	264	214
Total production costs ⁽⁵⁾	$/oz produced	476	414	374	332	263
Capital expenditure ⁽⁶⁾	$m	1,059	817	722	585	449
Monthly average number of employees		61,522	61,453	63,993	65,400	55,439
LTIFR		8.24	7.70	6.77	6.56	8.83
FIFR		0.21	0.22	0.14	0.19	0.29

Definitions

(1) Stripping ratio = (total tonnes mined – ore tonnes mined) / ore tonnes mined.

(2) Tonnes placed onto leach pad.

(3) Recoverable gold placed onto leach pad inventory.

(4) Recoverable gold placed/tonnes placed.

Comments

(5) Gold price and costs of mining inputs have risen simultaneously, putting pressure on industry profit margins as a whole.

(6) Capital expenditure has increased year-on-year in accordance with AngloGold Ashanti's growth strategy.

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