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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 three months ended 31 March 2021 Johannesburg , 10 May 2021 - AngloGold Ashanti is pleased to provide its financial and operational update for the three - month period ended 31 March 2021 . Production of 588,000oz in Q1 2021 , supported by solid production performances at AGA Mineração , Serra Grande , Obuasi and Siguiri All - in sustaining costs increased from $ 1,021 / oz in Q1 2020 to $ 1,287 / oz in Q1 2021 Costs increased due to planned reinvestment and tailings compliance programme , COVID - 19 impacts , drawdowns from low - grade stockpiles and inflation Guidance remains unchanged Obuasi production increased by 53 % to 46,000oz in Q1 2021 from 30,000oz in Q4 2020 and total cash costs at Obuasi decreased by 15 % to $ 968 / oz in Q1 2021 from $ 1,145 / oz in Q4 2020 ; Phase 1 and 2 of the Obuasi Redevelopment Project at 97 % completion Profit before taxation increased by 21 % year - on - year to $ 279m in Q1 2021 from $ 231m in Q1 2020 Adjusted EBITDA increased by 3 % year - on - year to $ 449m in Q1 2021 from $ 434m in Q1 2020 ; Adjusted EBITDA margin of 47 % in Q1 2021 Adjusted net debt declined by 43 % year - on - year from $ 1,606m in Q1 2020 to $ 908m in Q1 2021 Adjusted net debt to Adjusted EBITDA ratio improved from 0.93 times at 31 March 2020 to 0.37 times at 31 March 2021 Basic earnings for Q1 2021 were $ 203m , or 48 US cents per share , compared to $ 134m , or 32 US cents per share , in Q1 2020 Headline earnings for Q1 2021 were $ 203m , or 48 US cents per share , compared to $ 143m , or 34 US cents per share in Q1 2020 One fatality during Q1 2021 involving a fall - of - ground incident at Serra Grande 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 - 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 Quarter ended Mar 2021 Quarter ended Mar 2020 US Dollar / Imperial 588 608 Market update with financial Information - March 2021 - www.AngloGoldAshanti.com 1,788 999 1,287 1,446 956 677 562 302 203 48 203 48 279 449 149 ( 92 ) 2,071 908 210 630 651 1,584 773 1,021 1,214 882 636 455 256 134 32 143 34 231 434 174 4 3,624 1,606 186 Year ended Dec 2020 March 2021 Published 10 May 2021 2,806 2,834 1,778 790 1,037 1,185 4,322 2,699 2,074 1,709 946 225 1,000 238 Refer to " Non - GAAP disclosure " following the market update with financial information for the three months ended 31 March 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 . 1,589 2,470 1,545 743 2,084 597 757 $ 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 relates to 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 30-34 following the market update with financial information for the three months ended 31 March 2021 are based on the continuing operations of the AngloGold Ashanti group , where indicated . For a breakdown of results between continuing and discontinued operations , refer to the comprehensive table on page 3 .