Significant once-off items affected basic earnings for the period as follows:
In 2018, a non-cash impairment of the Uranium plant of Mine Waste Solutions affected basic
earnings by $66 million (post-tax) or 16 cents per share compared to 2017, where non-cash
impairments and derecognition of certain of the South African assets and goodwill, largely as a
result of the restructuring and disposal of the related assets, affecting basic earnings by an
amount of $221 million (post-tax) or 53 cents per share; and
In 2018, retrenchment costs related to the restructured South African operations were
$25 million (post-tax) or 6 cents per share; while in 2017 the impact was $71 million (post-tax) or
17 cents per share.
In addition, for 2017, a once-off non-cash provision in respect of the estimated costs of the settlement
of the silicosis class action claims and related expenditure, of $46 million (post-tax) or 11 cents per
share, affected both basic earnings and HEPS.
The forecast financial information on which this trading statement is based has not been reviewed or
by AngloGold Ashanti’s external auditors.
4 February 2019
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Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the
economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, all-in sustaining costs, all-in costs,
cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s
operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial
operations of certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions, dispositions or joint
venture transactions, AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and consequence of any
potential or pending litigation or regulatory proceedings or environmental health and safety issues, are forward-looking statements
regarding AngloGold Ashanti’s operations, economic performance and financial condition.
These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold
Ashanti’s actual results, performance or achievements to differ materially from the anticipated results, performance or achievements
expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such
forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct.
Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes
in economic, social and political and market conditions, the success of business and operating initiatives, changes in the regulatory
environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome
of pending or future litigation proceedings, and business and operational risk management.