Operational Update – Average gold price received up 1% to R954,916/kg ($1,743/oz). Group all-in sustaining costs (“AISC”) increased 5% to R907,864/kg ($1,657oz) from impacted by Eskom winter electricity tariffs. Free cash flow grew by 17% and the cash flow margin improved to 8% from 7%. Production fell by 4% due to the closure of Bambanani, with 28% lower production in the international segment.

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