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Quarterly reports

    Q4

    13

    Financial results

    for the fourth quarter and year ended 31 December 2013

    Highlights:
    Group results for the quarter ... 
    • First annual production growth in nine years; 2013 production 4.105Moz at total cash cost of $830/oz.
    • Strong Q4 production of 1,229koz, up 43% over Q4 2012 and 18% over previous quarter.
    • Total cash costs $748/oz in Q4 –23% improvement on Q4 2012 and 8% improvement on prior quarter.
    • All-in sustaining costs declined to $1,015/oz from $1,155/oz during the previous quarter.
    • Net Debt to EBITDA improved to 1.86 times, down from 2.02 times in third quarter.
    • Adjusted Headline Earnings Normalised jump 49% to $164m.
    • All Injury Frequency Rate reaches lowest ever 7.33 per million hours worked for the year.
    • Tropicana and Kibali deliver 106,000oz attributable production at average $532/oz cash cost.
    • Corporate* and exploration costs declined 20% from previous quarter.
    • Free cash outflow improved from $205m to $82m, after all capital, tax and interest payments.
    • 2014 production outlook estimated at between 4.2Moz to 4.5Moz. Total cash costs expected at between $750/oz to $790/oz.
    • 2014 capital expenditures expected to decline by 31% to between $1.3bn and $1.45bn.

    * Including administration, marketing and other expenses.

    Full report: Financial results for the quarter and year ended 31 December 2013
    Supplementary operational information: PDF format
    Supplementary operational information: Excel format
    Presentation: Results for the fourth quarter ended 31 December 2013
    Webcast: Q4 2013 presentation and conference call
    Press release: AngloGold grows annual output first time in 9 years; costs fall
    Report: Mineral Resource and Ore Reserves
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