Report for the Quarter Ended 31 March 2014
Report for the quarter ended 31 March 2014 Production 1.06Moz improving 17% yeara -on-year and well ahead of 950Koz–1Moz guidance Total cash costs decrease 14% year-on-year to $770/ooz, beating guidance of $800/oz-$850/oz All-in-sustaining cost (AISC) decreased by 22% year-on-year to $993/oz on lower capex, cash costs and overhead costs Adjusted headline earnings $119m, or 29 US cents per share International operations see 34% rise in output to 765,000oz year-on-year, and 22% drop in AISC to $972/oz South Africa production down 11% to 290,0000z year-on-year, while AISC improves to $975/oz or 14% Tropicana contributes 84,000oz at total cash cost of $4495/oz; AISC of $694/oz Kibali contributes 51,000oz at total cash cost of $538/ozz; AISC of $572/oz Net debt stable at $3.105bn Cash flow from operating activities stable year-on-year at $350m, despite 21% lower gold price Quarter Year ended ended ended ended Mar Dec Mar Dec 2014 2013 2013 2013 US dollar / Imperial Operating review Gold Produced - oz (0000) 1,055 1,229 899 4,105 Price received 1 - $/oz 1,290 1,271 1,636 1,401 All-in sustaining cost 2 - $/oz 993 1,015 1,275 1,174 All-in cost 2 - $/oz 1,114 1,233 1,622 1,466 Total cash costs 3 - $/oz 770 748 894 830 Financial review Adjusted gross profit 4 - $m 312 376 434 1,351 Gross profit - $m 296 404 434 1,445 Profit (loss) attributable to equity shareholders - $m 39 (305) 239 (2,230) - cents/share 10 (75) 62 (568) Headline earnings (loss) - $m 38 (276) 259 78 - cents/share 9 (68) 67 20 Adjusted headliine earnings 5 - $m 119 45 113 599 - cents/share 29 11 29 153 Dividends per ordinary share - cents/share - - 5 5 Cash flow from operating activities - $m 350 431 356 1,246 Capital expenditure - $m 274 477 512 1,993 Notes: 1.
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