• AngloGold Ashanti average operating margin for 2023 was 19.73%, a 5.42% decline from 2022.
• AngloGold Ashanti average operating margin for 2022 was 20.86%, a 13.74% decline from 2021.
• AngloGold Ashanti average operating margin for 2021 was 18.34%, a 115.26% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.