Chief Executive's Overview
Chief Executive's Overview
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
Our guidance
-
Group Consolidated Production*1.20 Moz - 1.26 Moz
-
Total Cash Cost of Production$650/oz - $700/oz
-
Capital Expenditure*$330 million
Download chapters or full report
Find every chapter of the report as well as the full report for download.