Chief Executive's Overview

The past year was one in which Randgold progressed past a number of major milestones, most notably the million-ounce production mark. In a ddition, 2014 was our 5th year of record production growth and the 8th in which the board was able to maintain its progressive dividend policy.
 
 
 
 

Forecast an Actual Group Consolidated Production

Randgold consolidates 100% of Loulo, Gounkoto and Tongon, 40% of Morila and 45% of Kibali in the consolidated non-GAAP measures.
Our key numbers

$000

2014

2013

Gold sales1

1 434 873

1 266 712

Total cash costs1

791 756

657 951

Profit form mining activity1

643 117

608 761

Exploration and corporate expenditure

36 765

49 485

Profit for the period

271 160

325 747

Profit attributable to equity shareholders

234 974

278 382

Net cash generated from operations

317 618

464 466

Cash and cash equivalents2

82 752

38 151

Gold on hand at period end3

14 956

-

Group production (oz)

1 147 414

910 374

Group sales1 (oz)

1 134 941

920 248

Group total cash cost per ounce1 ($)

698

715

Group cash operating cost per ounce1 ($)

637

645

Basic earnings per share ($)

2.54

3.02

 

 

1 Refer to explanation of non-GAAP measures provided on page 241 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 $8.3 million at 31 December 2014
($6.1 million at 31 December 2013) relating to the group’s attributable 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.

Our guidance

  • Group Consolidated Production*
    1.20 Moz - 1.26 Moz
  • Total Cash Cost of Production
    $650/oz - $700/oz
  • Capital Expenditure*
    $330 million
Five year KPI's
Find out more