v3.26.3
Segment Report Segment Report (Tables)
12 Months Ended
Jun. 30, 2026
Disclosure of entity's operating segments [Abstract]  
Segment Report Segment report continued
Revenue1
30 June
Production cost2
30 June
Production
profit/(loss)2
30 June
Segment assets2
30 June
Capital expenditure#
30 June
Production*
30 June
Tonnes milled*
30 June
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
Rand million
Rand million
Rand million
Rand million
Rand million
Au kg / Cu t
000t
Gold
South Africa Underground
Moab Khotsong
10 775
9 455
8 108
6 107
5 235
4 647
4 668
4 220
3 461
10 040
8 023
6 017
2 380
2 427
1 330
5 182
6 184
6 599
748
753
822
Mponeng
19 571
16 079
10 577
7 850
7 046
5 808
11 721
9 033
4 769
7 595
6 051
4 438
2 146
2 043
890
9 561
10 370
8 751
896
920
880
Tshepong North
8 343
4 447
3 877
3 775
3 097
2 838
4 568
1 350
1 039
4 008
2 377
2 216
838
695
559
3 977
2 900
3 248
776
673
726
Tshepong South
5 191
4 233
3 734
3 340
2 919
2 572
1 851
1 314
1 162
3 090
2 379
2 188
610
570
527
2 541
2 739
3 129
444
448
465
Doornkop
5 834
4 158
4 198
3 424
3 245
3 047
2 410
913
1 151
5 320
4 264
3 715
1 091
914
686
2 851
2 720
3 470
856
742
815
Joel
2 873
2 484
2 079
2 106
1 864
1 664
767
620
415
1 462
1 437
1 372
330
270
235
1 399
1 634
1 733
376
374
401
Target 1
2 865
2 161
2 262
2 689
2 536
2 358
176
(375)
(96)
2 025
2 067
1 951
402
491
488
1 409
1 387
1 859
406
391
462
Kusasalethu
6 465
5 594
4 638
4 464
4 000
3 682
2 001
1 594
956
1 023
690
520
371
461
226
3 198
3 629
3 842
520
544
584
Masimong
3 231
2 245
2 137
2 288
1 973
1 857
943
272
280
118
62
—
89
111
44
1 562
1 478
1 780
415
424
473
Surface
Mine Waste Solutions
5 507
4 458
4 016
2 434
2 221
2 047
3 073
2 237
1 969
4 974
4 563
3 546
674
1 061
1 463
2 680
2 996
3 770
24 986
23 054
22 655
All other surface operations
8 881
7 495
6 463
3 951
3 925
3 695
4 930
3 570
2 768
2 220
1 479
1 268
756
334
338
4 200
4 879
5 296
17 261
18 787
19 676
Total South Africa
79 536
62 809
52 089
42 428
38 061
34 215
37 108
24 748
17 874
41 875
33 392
27 231
9 687
9 377
6 786
38 560
40 916
43 477
47 684
47 110
47 959
International
Hidden Valley
12 396
7 923
6 181
1 320
2 456
2 247
11 076
5 467
3 934
5 375
5 355
5 570
2 431
1 620
1 541
5 904
5 107
5 101
3 720
3 787
3 360
Total international
12 396
7 923
6 181
1 320
2 456
2 247
11 076
5 467
3 934
5 375
5 355
5 570
2 431
1 620
1 541
5 904
5 107
5 101
3 720
3 787
3 360
Total gold
91 932
70 732
58 270
43 748
40 517
36 462
48 184
30 215
21 808
47 250
38 747
32 801
12 118
10 997
8 327
44 464
46 023
48 578
51 404
50 897
51 319
Copper
International
CSA Mine
3 501
—
—
1 625
—
—
1 876
—
—
31 325
—
—
1 049
—
—
18 207
—
—
485
—
—
Total international
3 501
—
—
1 625
—
—
1 876
—
—
31 325
—
—
1 049
—
—
18 207
—
—
485
—
—
Total copper
3 501
—
—
1 625
—
—
1 876
—
—
31 325
—
—
1 049
—
—
18 207
—
—
485
—
—
Total operations
95 433
70 732
58 270
45 373
40 517
36 462
50 060
30 215
21 808
78 575
38 747
32 801
13 167
10 997
8 327
Reconciliation of segment
information to the group income
statement and group balance
sheet. Refer to note 41.
3 805
3 164
3 109
3 062
2 632
2 533
743
532
576
13 282
8 886
8 047
—
—
—
99 238
73 896
61 379
48 435
43 149
38 995
50 803
30 747
22 384
91 857
47 633
40 848
13 167
10 997
8 327
#Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu and Eva Copper of R4.7 billion (2025: R857 million) (2024: R71 million).
*Production statistics are unaudited.
1Segment revenue consists of revenue from the sale of gold, copper, realised gains or losses of the hedge-accounted gold derivatives and, for Mine Waste Solutions, the non-cash consideration of the streaming arrangement.
2Refer to note 38 for further detail on restatement.
Segment report continued
Production costs per segment
Labour cost, including
contractors
Consumables
Water and electricity
Overheads allocation
Treatment allocation
Royalty expense-
regulatory
Other costs1
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
Rand million
Rand million
Rand million
Rand million
Rand million
Rand million
Rand million
Gold
South Africa Underground
Moab Khotsong
2 985
2 813
2 762
709
724
659
1 413
1 192
1 015
384
316
285
305
267
270
405
319
228
679
667
587
Mponeng
3 231
2 993
2 706
1 033
988
889
2 051
1 742
1 392
363
321
305
281
264
233
1 075
740
386
335
491
374
Tshepong North
2 146
1 931
1 853
665
559
518
598
535
470
174
144
154
186
135
129
356
98
66
63
86
38
Tshepong South
1 858
1 746
1 647
433
417
388
651
587
498
159
138
137
106
90
82
216
95
64
226
165
113
Doornkop
2 018
1 866
1 724
732
807
752
439
409
331
183
136
138
250
215
189
190
79
64
79
190
188
Joel
1 232
1 142
1 059
391
350
320
257
227
190
98
93
88
90
75
71
121
55
35
108
89
56
Target 1
1 485
1 357
1 291
624
638
600
397
352
322
111
104
97
140
120
133
16
12
12
133
150
104
Kusasalethu
2 177
2 036
1 873
650
607
561
1 176
1 027
952
160
138
135
175
157
156
208
106
72
177
138
79
Masimong
1 201
1 097
1 042
328
300
299
340
290
251
110
88
98
99
85
84
161
56
56
53
59
29
Surface
Mine Waste Solutions
750
660
657
982
905
894
614
518
417
85
87
87
—
—
—
—
—
—
7
55
(4)
All other surface operations
1 699
1 545
1 513
912
862
840
409
363
313
112
94
78
731
875
867
184
147
139
264
167
174
Total South Africa2
20 782
19 186
18 127
7 459
7 157
6 720
8 345
7 242
6 151
1 939
1 659
1 602
2 363
2 283
2 214
2 932
1 707
1 122
2 124
2 257
1 738
International
Hidden Valley
1 140
1 263
1 301
2 113
2 242
2 289
71
166
98
—
—
—
—
—
—
320
203
156
637
943
684
Total international
1 140
1 263
1 301
2 113
2 242
2 289
71
166
98
—
—
—
—
—
—
320
203
156
637
943
684
Total gold2
21 922
20 449
19 428
9 572
9 399
9 009
8 416
7 408
6 249
1 939
1 659
1 602
2 363
2 283
2 214
3 252
1 910
1 278
2 761
3 200
2 422
Copper
International
CSA Mine
1 080
—
—
669
—
—
166
—
—
—
—
—
—
—
—
132
—
—
(161)
—
—
Total international
1 080
—
—
669
—
—
166
—
—
—
—
—
—
—
—
132
—
—
(161)
—
—
Total copper
1 080
—
—
669
—
—
166
—
—
—
—
—
—
—
—
132
—
—
(161)
—
—
Total operations2
23 002
20 449
19 428
10 241
9 399
9 009
8 582
7 408
6 249
1 939
1 659
1 602
2 363
2 283
2 214
3 384
1 910
1 278
2 600
3 200
2 422
1Relates to an aggregate of individually immaterial costs which are included as part of production costs such as transport, insurance, change in inventory, pumping costs.
2Due to rounding, row and column totals may not cast exactly.
Segment report continued
Production costs per segment continued
Capitalisation of mine
development and
deferred stripping costs3
Total production costs
(excluding By-product
credits)4
By-product credits
Total production costs
per segment4
2026
2025
2024
2026
2025
2024
2026
2025
2024
2026
2025
2024
Rand million
Rand million
Rand million
Rand million
Gold
South Africa Underground
Moab Khotsong
(197)
(234)
(285)
6 683
6 064
5 521
(576)
(829)
(874)
6 107
5 235
4 647
Mponeng
(490)
(476)
(464)
7 879
7 063
5 821
(29)
(17)
(13)
7 850
7 046
5 808
Tshepong North
(403)
(386)
(386)
3 785
3 102
2 842
(11)
(5)
(4)
3 775
3 097
2 838
Tshepong South
(302)
(315)
(353)
3 347
2 923
2 576
(7)
(4)
(4)
3 340
2 919
2 572
Doornkop
(460)
(454)
(336)
3 431
3 248
3 050
(6)
(3)
(3)
3 424
3 245
3 047
Joel
(188)
(165)
(153)
2 109
1 866
1 666
(4)
(2)
(2)
2 106
1 864
1 664
Target 1
(212)
(195)
(198)
2 694
2 538
2 361
(4)
(2)
(3)
2 689
2 536
2 358
Kusasalethu
(252)
(203)
(140)
4 471
4 006
3 688
(10)
(6)
(6)
4 464
4 000
3 682
Masimong
—
—
—
2 292
1 975
1 859
(4)
(2)
(2)
2 288
1 973
1 857
Surface
Mine Waste Solutions
—
—
—
2 438
2 225
2 051
(5)
(4)
(4)
2 434
2 221
2 047
All other surface operations
(335)
(114)
(216)
3 976
3 939
3 708
(22)
(14)
(13)
3 951
3 925
3 695
Total South Africa4
(2 839)
(2 542)
(2 531)
43 105
38 949
35 143
(678)
(888)
(928)
42 428
38 061
34 215
International
Hidden Valley
(836)
(617)
(676)
3 445
4 200
3 852
(2 124)
(1 744)
(1 605)
1 320
2 456
2 247
Total international
(836)
(617)
(676)
3 445
4 200
3 852
(2 124)
(1 744)
(1 605)
1 320
2 456
2 247
Total gold4
(3 675)
(3 159)
(3 207)
46 550
43 149
38 995
(2 802)
(2 632)
(2 533)
43 748
40 517
36 462
Copper
International
CSA Mine
—
—
—
1 886
—
—
(261)
—
—
1 625
—
—
Total international
—
—
—
1 886
—
—
(261)
—
—
1 625
—
—
Total copper
—
—
—
1 886
—
—
(261)
—
—
1 625
—
—
Total operations4
(3 675)
(3 159)
(3 207)
48 436
43 149
38 995
(3 063)
(2 632)
(2 533)
45 373
40 517
36 462
3Relates to mine development costs and stripping activities. Stripping activities relates to Hidden Valley and Kalgold (included in All other surface operations).
4Due to rounding, row and column totals may not cast exactly.