Chief Executive's Overview

There have been many memorable milestones on Randgold Resources’ 20-year journey, but 2015 will stand out among them as perhaps the most significant. With much of the industry still struggling in the grip of a bear market, we achieved what was probably our best year yet, for the company as well as the team.
 
 
 

GROUP CONSOLIDATED PRODUCTION

Summarised Financial Information

$000

2015

2014

Gold sales4

1 394 889

1 434 873

Total cash costs4

882 673

791 756

Profit from mining activity4

572 216

643 117

Exploration and corporate expenditure

45 067

36 765

Profit for the period

212 775

271 160

Profit attributable to equity shareholders

188 677

234 974

Net cash generated from operations

396 982

317 618

Cash and cash equivalents5

213 372

82 752

Gold on hand at period end6

13 715

14 956

Group production (oz)

1 211 288

1 147 414

Group sales4 (oz)

1 210 844

1 134 941

Group total cash cost per ounce4 ($)

679

698

Group cash operating cost per ounce4 ($)

624

637

Basic earnings per share ($)

2.03

2.54

4 Refer to explanation of non-GAAP measures provided on page F-34 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.

5 Cash and cash equivalents excludes $16.9 million at 31 December 2015 ($8.3 million at 31 December 2014) relating to the group’s attributable cash held in Morila, Kibali and the group’s asset leasing companies which are equity accounted.

6 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 2016

  • GROUP CONSOLIDATED PRODUCTION
    1.25 Moz - 1.30 Moz
  • TOTAL CASH COST OF PRODUCTION*
    $590/oz - $630/oz
  • CAPITAL EXPENDITURE *
    $240 million
Five year overview
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