{"id":95,"date":"2023-01-05T14:00:24","date_gmt":"2023-01-05T14:00:24","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/22\/?page_id=95"},"modified":"2023-03-24T13:21:36","modified_gmt":"2023-03-24T13:21:36","slug":"cfos-review-outlook","status":"publish","type":"page","link":"https:\/\/reports.anglogoldashanti.com\/22\/ir\/value-created-preserved-eroded\/cfos-review-outlook\/","title":{"rendered":"CFO\u2019s report and outlook"},"content":{"rendered":"\n
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Home<\/a><\/span> \u00bb Integrated Report<\/a><\/span> \u00bb Value created, preserved, eroded<\/a><\/span> \u00bb CFO\u2019s report and outlook<\/span><\/span><\/div>\n\n

CFO\u2019s report and outlook<\/h1>\n\n\n
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2022 can be characterised by significant macro-economic volatility and inflationary pressure, stability in operational performance and a focus on aspects that we control<\/p>\nGillian Doran<\/strong>
Chief Financial Officer (CFO)<\/cite><\/blockquote>\n<\/div>\n\n\n\n

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The Group\u2019s performance reflected an underlying cash cost improvement relative to its peer group despite significant inflationary pressure – a clear demonstration of its continued progress to recover cost competitiveness<\/strong>.<\/p>\n\n\n\n

Following a challenging 2021, AngloGold Ashanti saw an improved operational and financial performance in 2022 against the backdrop of significant inflationary pressure, which impacted the full cost base including contractor labour and services. Inflation increased significantly in 2022, the highest that many countries experienced in decades.<\/p>\n\n\n\n

Supply chains also experienced disruptions related to factors mainly impacted by the war in Ukraine and the lingering effects of the COVID-19 pandemic. The business worked proactively to mitigate the impact of inflation on its cost structure through the continued integration of its new Operating Model, the existing Operational Excellence programme and the Full Potential (FP) Programme launched during 2022.<\/p>\n\n\n\n

Overall, the Company achieved its production, all-in sustaining costs (AISC) and total capital guidance. Total cash costs were less than 1% or $9\/oz above the top end of guidance given the high global inflation rates throughout the year.<\/p>\n\n\n\n

A final dividend of ~18 US cents per share ($75m) was declared, taking the gross dividend for the year to ~47 US cents per share ($194m). The balance sheet remains in a solid position, with approximately $2.5bn in liquidity, including cash and cash equivalents of approximately $1.1bn, at the end of 2022.<\/p>\n\n\n\n

Financial results for the year included:<\/p>\n\n\n\n