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ANGLOGOLDASHANTI AngloGold Ashanti Limited ( Incorporated in the Republic of South Africa ) Reg . No. 1944/017354/06 ISIN . ZAE000043485 - JSE share code : ANG CUSIP : 035128206 - NYSE share code : AU ( " AngloGold Ashanti " or " AGA " or the " Company " ) Report for the six months ended 30 June 2021 Johannesburg , 6 August 2021 - AngloGold Ashanti is pleased to provide its financial and operational update for the six - month period ended 30 June 2021 . First - half 2021 Highlights Production of 1.2 Moz in H1 2021 - with solid contributions from Sunrise Dam , Kibali , Iduapriem , Cerro Vanguardia , Geita and Tropicana All - in sustaining costs ( AISC ) increased by 33 % year - on - year from $ 1,002 / oz in H1 2020 to $ 1,333 / oz in H1 2021 AISC impacted by higher cash costs including stockpile movements , tailings compliance programme , planned reinvestment , COVID - 19 impacts , and lower gold sold · Adjusted EBITDA of $ 876m in H1 2021 ; Adjusted EBITDA margin of 46 % in H1 2021 Basic earnings of $ 362m , or 86 US cents per share in H1 2021 , compared to $ 382m , or 91 US cents per share , in H1 2020 Headline earnings of $ 363m , or 87 US cents per share , in H1 2021 compared to $ 404m , or 97 US cents per share , in H1 2020 Adjusted net debt down by 41 % year - on - year to $ 850m in H1 2021 from $ 1,431m in H1 2020 Adjusted net debt to Adjusted EBITDA ratio improved to 0.37 times at 30 June 2021 from 0.73 times at 30 June 2020 Interim dividend of 6 US cents per share declared for 2021 Third - party review underway of Obuasi mining and ground support plans following 18 May 2021 fatal incident ; Project work continues Guidance revised for 2021 - no further production from Obuasi factored in for 2021 Second - quarter 2021 Highlights • Free cash inflow of $ 67m in Q2 2021 , compared to outflow of $ 92m in Q1 2021 Production of 613,000oz in Q2 2021 , up 4 % quarter - on - quarter from 588,000oz in Q1 2021 AISC up 7 % quarter - on - quarter to $ 1,380 / oz in Q2 2021 , from $ 1,287 / oz in Q1 2021 , reflects higher sustaining capital expenditures , COVID - 19 impacts and suspension of mining activities at Obuasi Net cash inflow from operating activities increased 113 % quarter - on - quarter to $ 318m in Q2 2021 , from $ 149m in Q1 2021 All - injury frequency rate ( AIFR ) improved by 33 % quarter - on - quarter to 1.76 injuries per million hours worked in Q2 2021 from 2.64 injuries per million hours worked in Q1 2021 ; regrettably one fatality occurred during Q2 2021 Operating review Gold Produced Sold Financial review Price received per ounce * Total cash costs per ounce * All - in sustaining costs per ounce * All - in costs per ounce * Gold income Cost of sales Total cash costs Gross profit Profit attributable to equity shareholders Headline earnings Profit before taxation Adjusted EBITDA * Net cash inflow from operating activities Free cash ( outflow ) inflow * Total borrowings Adjusted net debt * Capital expenditure ( including equity - accounted joint ventures ) -oz ( 000 ) - oz ( 000 ) - $ / oz - $ / oz - $ / oz - $ / oz - $ m - $ m - $ m - $ m - $ m - US cents / share - $ m - US cents / share - $ m - $ m - $ m - $ m - $ m - $ m $ m Six months Six months ended ended Jun 2020 US Dollar / Imperial Jun 2021 June 2021 Interim report - www.AngloGoldAshanti.com 1,200 1,214 1,801 1,003 1,333 1,521 1,911 1,400 1,163 565 362 86 363 87 507 876 467 ( 25 ) 2,105 850 461 1,323 1,364 1,652 770 1,002 1,158 1,917 1,290 946 658 382 91 404 97 597 1,035 552 177 2,885 1,431 346 Year ended Dec 2020 2,806 2,834 1,778 790 1,037 1,185 4,322 2,699 2,074 1,709 946 225 1,000 238 1,589 2,470 1,545 743 2,084 597 757 * Refer to " Non - GAAP disclosure " following the Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2021 below and the " Glossary of Terms and Abbreviations - Glossary of Terms and Non - GAAP Metrics " in the Company's annual financial statements for the year ended 31 December 2020 , for definitions . $ represents US Dollar , unless otherwise stated . Rounding of figures may result in computational discrepancies . The information on this page and in the Financial and Operating Report related to the six - month period ended 30 June 2020 and the year ended 31 December 2020 are based on the continuing operations of the AngloGold Ashanti group , unless otherwise indicated . The South African producing assets and related liabilities , which were sold on 30 September 2020 , are recorded as discontinued operations . The Non - GAAP disclosures on pages 35 to 39 following the Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2021 are based on the continuing operations of the AngloGold Ashanti group , ere cated . For a f results een continuing and iscont operations , to the comprehensive on page 4 . June 2021 Published 6 August 2021 1