Overview

Key features – 2007

5.5MozGold produced
- Production declines 3%
- Minorities in Iduapriem acquired
- Ore Reserves increase 9% to 73.1Moz and Mineral Resources, 18% to 207.6Moz
$935mAdjusted gross profit
- Total cash costs up 16% to $357/oz – pressured by lower production, stronger local currencies and inflation
- Received gold price up by 9%to $629/oz, partially offsets cost pressures
- $58 million delivered in savings initiatives
20 US cents per share Total dividend declared
- Adjusted headline earnings of $278 million
- Capital expenditure increases to $1.1 billion as Boddington ramps up
- Dividend maintained at 20% of adjusted headline earnings

		2007	2006	% change
Gold produced	(000oz)	5,477	5,635	(3)
Average gold spot price	($/oz)	697	604	15
Average received gold price	($/oz)	629	577	9
Total cash costs	($/oz)	357	308	16
Total production costs	($/oz)	476	414	15
Ore reserves	(Moz)	73	67	9
Revenue	($m)	3,472	3,106	12
Gold income	($m)	3,280	2,964	11
Gross (loss) profit	($m)	(136)	443	(131)
Adjusted gross profit⁽¹⁾	($m)	935	1,058	(12)
Adjusted headline earnings⁽²⁾	($m)	278	411	(32)
Adjusted headline earnings per share	(US cents)	99	151	(34)
Dividends declared per share	(US cents)	20	62	(68)
Average R/$ exchange rate		7.03	6.77	4
Exchange rate at year-end		6.81	7.00	(3)
Share price at year-end:
JSE	(R/share)	293	330	(11)
NYSE	($/share)	42.81	47.09	(9)
Market capitalisation at year-end	($m)	11,878	13,008	(9)

Note: Throughout this report, dollar or $ represents US dollars unless otherwise stated.

⁽¹⁾	Gross profit excluding unrealised non-hedge derivatives and other commodity contracts. Refer to Non-GAAP disclosure note 2.
⁽²⁾	Headline earnings excluding unrealised non-hedge derivatives, fair value adjustments on the option component of the convertible bond, adjustments to other commodity contracts and deferred tax thereon. Refer to Non-GAAP disclosure note 1.

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