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Capital Management (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of financial assets [abstract]  
Summary of reconciliation of net operating profit
United States Dollar
Figures in millions unless otherwise stated
Notes
2023
2022
Total borrowings
27
1,236.5
1,079.3
Add: Lease liability
36
436.4
394.2
Less: Cash and cash equivalents
24
648.7
769.4
Net debt
1,024.2
704.1
Adjusted EBITDA
2,428.3
2,440.1
Net debt to adjusted EBITDA ratio
0.42
0.29
Adjusted EBITDA to net finance charges ratio
23.6
25.1
Reconciliation of profit for the year to adjusted EBITDA:
Profit for the year from continuing operations
745.2
708.7
Mining and income taxation
465.1
442.1
Royalties
116.4
110.4
Finance expense
62.9
72.5
Investment income
(24.9)
(13.3)
Gain on financial instruments
(24.0)
Foreign exchange loss/(gain)
5.6
(6.7)
Amortisation and depreciation
2
795.3
844.3
Share-based payments
9.1
6.9
Long-term incentive plan
55.8
29.0
Restructuring costs
8
7.8
11.3
Silicosis settlement costs
(4.1)
(2.2)
Impairment of investments and assets
156.4
505.0
Profit on disposal of assets
(32.4)
(10.4)
Share of results of equity accounted investees, net of taxation
32.6
2.9
Yamana break fee
8
(300.0)
Yamana transaction costs
8
33.0
Rehabilitation expense/(income)
8
4.0
(8.9)
Realised gain on derivative contracts
41
22.2
Ghana expected credit loss
13.1
33.2
17.5
Other
0.3
(0.2)
Adjusted EBITDA
2,428.3
2,440.1