Chief Executive's Overview

In our operations, growth and performance enhancing projects, new mine development, host country partnerships and sustainability programmes, we made substantial progress, delivering on virtually all of our objectives for 2013 and setting the stage for further advances in 2014.

Read the full overview

 

 

Forecast Group Consolidated Production

 

 

Key numbers

 

US$000

2013

 

2012

(Restated)

Gold sales*

1 266 712

1 317 830

Total cash costs*

657 951

583 324

Profit from mining activity*

608 761

734 506

Exploration and corporate expenditure˜

49 485

39 033

Profit for the period

325 747

510 782

Profit attributable to equity shareholders

278 382

431 801

Net cash generated from operations˜

464 466

524 229

Cash and cash equivalents˜

38 151

373 868

Gold on hand at period end#

-

15 229

Group production* (oz)

910 374

794 844

Group sales* (oz)

920 248

793 852

Group total cash cost per ounce* (US$)

715

735

Group cash operating cost per ounce* (US$)

645

649

Basic earnings per share (US$)

3.02

4.70

Following adoption of IFRS 11 joint Arrangements, the group changed its accounting policy on joint ventures. Refer to page 186 of this annual report for details.
* Refer to explanation of non-GAAP measures provided on page 220 of this annual report. Historically, Randgold consolidated 100% of Loulo, Gounkoto and Tongon, and 40% of Morila and non-GAAP measures remain on this basis and are not affected by the change in accounting policy detailed above. During Q4 2013 Kibali reached commercial production and Randgold has included 45% of Kibali in the consolidated non-GAAP measures.
# Gold on hand represents gold in doré at the mines multiplied by the prevailing spot gold price at the end of the period.
~ Results impacted by change in accounting policy above.

Our guidance

  • Group consolidated production*
    1.13 Moz - 1.20 Moz
  • Total cash cost of production
    US$650/oz - US$700/oz
  • Capital expenditure*
    US$340 million
Five year KPI's
Group Consolidated Production
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