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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]  
Summary of carrying amounts and fair values of financial assets and financial liabilities The following tables show the carrying amounts and fair values of financial assets and financial liabilities.
United States Dollar
Carrying amountCarrying amountFair value
Figures in millions unless otherwise statedFair value through profit or lossFair value through OCIFinancial assets measured at amortised costOther financial liabilities measured at amortised costTotalTotal
2021
Financial assets measured at fair value
– Environmental trust funds2.9 — — — 2.9 2.9 
– Trade receivables from provisional copper sales25.8 — — — 25.8 25.8 
– Investments— 30.9 — — 30.9 30.9 
– Asanko redeemable preference shares— 94.5 — — 94.5 94.5 
– Oil derivatives contracts5.1 — — — 5.1 5.1 
Total33.8 125.4 — — 159.2 159.2 
Financial assets not measured at fair value
– Environmental trust funds— — 85.2 — 85.2 85.2 
– Loan advanced - contractor— — 27.3 — 27.3 27.3 
– Trade and other receivables— — 56.5 — 56.5 56.5 
– Cash and cash equivalents— — 524.7 —524.7 524.7 
Total— — 693.7 — 693.7 693.7 
Financial liabilities measured at fair value
– Foreign currency derivative contracts6.8 — — — 6.8 6.8 
Total6.8 — — — 6.8 6.8 
Financial liabilities not measured at fair value
– Borrowings— — — 1,078.1 1,078.1 1,191.6 
– Trade and other payables— — — 480.5 480.5 480.5 
– Lease liabilities— — — 415.5 415.5 415.5 
Total— — — 1,974.1 1,974.1 2,087.6 
United States Dollar
Carrying amountCarrying amountFair value
Figures in millions unless otherwise statedFair value through profit or lossFair value through OCIFinancial assets measured at amortised costOther financial liabilities measured at amortised costTotalTotal
2020
Financial assets measured at fair value
– Environmental trust funds7.4 — — — 7.4 7.4 
– Trade receivables from provisional copper sales23.7 — — — 23.7 23.7 
– Investments— 42.4 — — 42.4 42.4 
– Asanko redeemable preference shares— 92.6 — — 92.6 92.6 
– Warrants12.9 —— — 12.9 12.9 
– Oil derivatives contracts113.3 —— — 113.3 113.3 
Total157.3 135.0 — — 292.3 292.3 
Financial assets not measured at fair value
– Environmental trust funds— — 71.9 — 71.9 71.9 
– Loan advanced - contractor— — 68.4 — 68.4 68.4 
– Trade and other receivables— — 29.5 — 29.5 29.5 
– Cash and cash equivalents— — 886.8 —886.8 886.8 
Total— — 1,056.6 — 1,056.6 1,056.6 
Financial liabilities measured at fair value
– Gold and foreign exchange derivative contracts29.1 — — — 29.1 29.1 
Total29.1 — — — 29.1 29.1 
Financial liabilities not measured at fair value
– Borrowings— — — 1,526.9 1,526.9 1,689.8 
– Trade and other payables— — — 452.0 452.0 452.0 
– Lease liabilities— — — 429.0 429.0 429.0 
Total— — — 2,407.9 2,407.9 2,570.8 
Summary of assets and liabilities measured at fair value by level within fair value hierarchy
The following table sets out the Group’s financial assets and financial liabilities by level within the fair value hierarchy at the reporting date:
United States Dollar
20212020
Figures in millions unless otherwise statedTotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Financial assets measured at fair value
Environmental trust funds2.9 — 2.9 — 7.4 — 7.4 — 
Trade receivables from provisional copper sales25.8 — 25.8 — 23.7 — 23.7 — 
Investments – listed30.9 30.9 — — 42.4 42.4 — — 
Asanko redeemable preference shares94.5 — — 94.5 92.6 — — 92.6 
Warrants— — — — 12.9 — 12.9 — 
Gold derivative contracts— — — — 27.3 — 27.3 — 
Foreign currency derivative contracts— — — — 86.0 — 86.0 — 
Oil derivative contracts5.1 — 5.1 — — — — — 
Financial assets not measured at fair value
Environmental trust funds85.2 — 85.2 — 71.9 — 71.9 — 
Loan advanced – contractor27.3 — — 27.3 68.4 — 68.4 
Financial liabilities measured at fair value
Copper derivative contracts— — — — 14.0 — 14.0 — 
Oil derivative contracts— — — — 15.1 — 15.1 — 
Foreign currency derivative contracts6.8 — 6.8 — — — — — 
Financial liabilities not measured at fair value
Borrowings1,191.6 1,108.1 — 83.5 1,689.8 1,156.3 — 533.5