AngloGold Ashanti plc(AU) - 2024 Q4 - Annual Report

Corporate Restructuring and Headquarters - In September 2023, the Group completed a corporate restructuring, establishing AngloGold Ashanti plc as the new parent company, with a primary listing on the NYSE and secondary listings on the JSE and GSE[6]. - The Group's global headquarters were relocated to Denver, Colorado, while retaining a substantial corporate office in Johannesburg, South Africa[8]. - The restructuring and operational changes aim to enhance the Group's efficiency and market position in the gold mining industry[7]. Financial Reporting and Metrics - AngloGold Ashanti's financial reporting for managed operations shifted from an attributable basis to a consolidated basis, impacting operations with non-controlling interests[16]. - The company prepares annual audited consolidated financial statements in accordance with IFRS, distributed to shareholders and submitted to the NYSE, JSE, and GSE[9]. - AngloGold Ashanti presents its financial statements in United States dollars, qualifying as a foreign private issuer under the U.S. Securities Exchange Act[10][12]. - The company utilizes Non-GAAP financial measures such as "total cash costs" and "all-in sustaining costs" to provide transparency into the full cost of gold production[15][21]. - A reconciliation of gold income to "average gold price received per ounce" is provided for the financial years ended 31 December 2024[25]. - The Group's reporting metrics include "sustaining capital expenditure" and "non-sustaining capital expenditure" for each financial year, aiding in performance comparison[26]. - Adjusted EBITDA is a Non-GAAP measure that includes profit before taxation, amortization, finance income, and other gains or losses[37]. - Adjusted net debt includes total borrowings adjusted for unamortized borrowing costs and cash equivalents, reflecting the company's financial position[38]. - All-in sustaining costs (AISC) metric incorporates all costs related to sustaining production, including capital expenditures and community rehabilitation costs[39]. - Total cash costs per ounce for managed operations are calculated by dividing the consolidated US dollar value of costs by the consolidated ounces of gold produced[49]. - The average gold price received per ounce serves as a benchmark of performance against the market spot gold price[41]. Operational Performance and Safety - The company emphasizes the importance of maintaining effective internal control over financial reporting to mitigate operational risks[1]. - AngloGold Ashanti's operations are divided into regions including Africa, Australia, and the Americas, impacting its market strategy[46]. - The company is subject to various risks including fluctuations in gold prices, regulatory changes, and potential supply chain disruptions[1]. - The total recordable injury frequency rate (TRIFR) measures safety performance, calculated per million hours worked[97]. - The total recordable injury frequency rate (TRIFR) improved to 1.2, a 15% reduction compared to the previous year[104]. Mineral Resources and Mining Efficiency - An Inferred Mineral Resource has a high level of geological uncertainty, preventing its consideration for economic viability assessments[72]. - A Measured Mineral Resource allows for detailed mine planning and can be converted to a Proven or Probable Mineral Reserve due to its higher confidence level[76]. - The Mining Recovery Factor (MRF) reflects the efficiency of material recovery during mining, expressed in both grade and tonnage[81]. - The Mine Call Factor (MCF) is the percentage ratio of recovered mineral product to the estimated amount based on sampling[79]. - The stripping ratio indicates the amount of waste material removed relative to ore mined, impacting overall mining efficiency[92]. - The metallurgical recovery factor (MetRF) measures the efficiency of extracting valuable metals from ore[78]. - The tonnage treated refers to the volume of gold-bearing ore processed at on-site plants, crucial for efficiency calculations[97]. - A Probable Mineral Reserve is the economically mineable part of an Indicated and, in some cases, a Measured Mineral Resource[81]. - The pay limit is the grade at which the revenue from recovered minerals equals total cash costs and other expenses[81]. Financial Performance and Growth - The company reported a revenue of $1.2 billion for Q3 2023, representing a 15$1.3 billion and $1.5 billion, indicating a potential growth of 10-25$300 million in revenue[106]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[107]. - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[108]. - The company completed a strategic acquisition for 200 million, expected to enhance its product offerings and market presence[109]. - A new sustainability initiative was launched, aiming to reduce carbon emissions by 40% by 2025[110]. - The company plans to increase its dividend payout by 5%, reflecting strong financial performance and commitment to shareholders[105].