Chief Executive's Overview

With our big capital projects nearing completion and a cost profile trending down, Randgold is a truly profitable business capable of delivering value to all its stakeholders.
 
 
 
 
 
 

Group Consolidated Production

Summarised Financial Information

$000

2016

2015

Gold sales1

1 546 030

1 394 889

Total cash costs1

794 432

822 673

Profit from mining activity

751 598

572 216

Exploration and corporate expenditure

41 202

45 067

Profit for the period

294 221

212 775

Profit attributable to equity shareholders

247 474

188 677

Net cash generated from operating activites

521 227

396 982

Cash and cash equivalents2

516 301

213 372

Gold on hand at period end3

27 772

13 715

Group production (oz)

1 252 957

1 211 288

Group sales1 (oz)

1 242 366

1 210 844

Group total cash cost per ounce1 ($)

639

679

Group cash operating cost per ounce1 ($)

576

624

Basic earnings per share ($)

2.64

2.03

1 Refer to explanation of non-GAAP measures provided on page F-40 of this annual report. Randgold consolidates 100% of Loulo, Gounkoto and Tongon, 40% of Morila and 45% of Kibali in the consolidated non-GAAP measures.

2 Cash and cash equivalents excludes $11.5 million at 31 December 2016 ($16.9 million at 31 December 2015) relating to the group’s attributable net cash held in Morila, Kibali and the group’s asset leasing companies which are equity accounted.

3 Gold on hand represents gold in doré at the mines (attributable share) multiplied by the prevailing spot gold price at the end of the period.

Targeted for 2017

  • GROUP CONSOLIDATED PRODUCTION
    1.25 Moz - 1.30 Moz
  • TOTAL CASH COST OF PRODUCTION
    $580/oz - $630/oz
  • CAPITAL EXPENDITURE
    $300 million
Five year overview
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