Performance and delivery by strategic focus area
In line with our strategy and related strategic focus areas (see Our strategy – an overview), we report on our performance for 2022 in line with our long-term remuneration and reward incentive scheme, the Deferred Share Plan (DSP).
For a more detailed discussion on our DSP, see Rewarding delivery.
Prioritise people, safety, health and sustainability
This strategic focus area embodies our corporate ethos and encompasses our sustainability performance. It underpins our business strategy and the delivery of sustained, long-term value creation and is aligned with our values and responsibilities as a corporate citizen
Maintain financial flexibility
AngloGold Ashanti is committed to maximising long-term shareholder value and returns and so must ensure that our balance sheet remains able to meet our core funding needs. We achieve this by applying a clear Capital Allocation Framework.
Optimise overhead, costs and capital expenditure
All spending decisions must be thoroughly scrutinised to ensure they are optimally structured and necessary to fulfil our core business objective.
Improve portfolio quality
AngloGold Ashanti builds on its portfolio quality through projects such as our Full Potential Programme which aims to ensure optimal mine performance. We are flexible in delivering on our mine plans, allowing for the best results and we progress our projects and replace our production and more, with a growing Mineral Reserve and Mineral Resource base.
Maintain long-term optionality
Focused and responsible management of our Mineral Resource and Mineral Reserve, our exploration programme and related planning is vital in optimising the operating lives of our portfolio.
Strategic trade-offs – impacts on our capitals
In conducting our business and delivering on our strategy, we make strategic trade-offs in terms of the capitals employed to ensure we are well-positioned for growth in the longer term.
Climate change disclosure
AngloGold Ashanti has adopted the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and commits to incrementally reporting in line with the related disclosure guidelines.
AngloGold Ashanti has a diverse, high-quality portfolio of operations, projects and exploration activities across nine countries on four continents.
Mineral Resource and Mineral Reserve – a summary
AngloGold Ashanti strives to actively create value by growing its major asset – the Mineral Resource and Mineral Reserve. This drive is based on active, well-defined brownfields and advanced project development programmes, innovation in both geological modelling and mine planning, and continual optimisation of the asset portfolio.
Exploration and planning for the future
Our greenfields exploration programmes are designed to discover new Mineral Resource that will ultimately lead to the development of new, stand-alone gold mines and support the sustainability of our business.