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2025 Guidance Summary
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(millions, unless otherwise stated)
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2025
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2025
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Range
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Mid-Point
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Gold production (ounces)
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3,300,000
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3,500,000
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3,400,000
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Total cash costs per ounce
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$915
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$965
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$940
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AISC per ounce
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$1,250
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$1,300
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$1,275
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Exploration and corporate development expense
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$215
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$235
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$225
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Depreciation and amortization expense
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$1,550
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$1,750
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$1,650
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General & administrative expense*
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$190
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$210
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$200
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Other costs
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$105
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$115
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$110
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Tax rate (%)
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33 %
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38 %
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35 %
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Cash taxes
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$1,100
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$1,200
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$1,150
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Capital expenditures (excluding capitalized exploration)
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$1,750
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$1,950
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$1,850
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Capitalized exploration
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$290
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$310
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$300
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