IN THIS SECTION
Arrow Statement of Responsibility
Arrow Report of the Independent Auditors
Arrow Corporate Secretary’s Confirmation
Arrow Management’s Discussion and Analysis of the Financial Statements
Arrow Directors’ Report
Arrow Accounting Policies
Arrow Consolidated Income Statement
Arrow Consolidated Balance Sheet
Arrow Consolidated Statement of Changes in Equity
Arrow Consolidated Cash Flow Statement
Arrow Notes to the Consolidated Financial Statements
Arrow Company Income Statement
Arrow Company Balance Sheet
Arrow Company Statement of Changes in Shareholders’ Equity
Arrow Company Cash Flow Statement
Arrow Notes to the Company Annual Financial Statements
Arrow Major Group Investments – Direct and Indirect
Arrow Segment Report
Arrow Shareholders’ Information
Arrow Operating and Financial Information by Mine
Arrow Notice of Annual General Meeting
Arrow Administration and Corporate Information
Arrow Glossary of Terms
Arrow Proxy Form
Arrow Notes to Form of Proxy
   
Click to HIDE this navigation
Click to SHOW this navigation

OPERATING AND FINANCIAL INFORMATION BY MINE

for the year ended 30 June 2009
(All companies wholly owned except for Tarkwa and Damang in Ghana (71.1 per cent) and Cerro Corona in Peru (80.7 per cent). Choco 10 in Venezuela was 95 per cent owned).

South Africa Region
Driefontein Mine

            Gold produced       Net earnings  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  1952-2004 208,703,000   14.9   3,114,792   100,143   n/a   n/a   n/a  
  2005 6,694,000   5.4   36,162   1,163   292   332.1   53.5  
  2006 6,867,000   5.2   35,755   1,150   315   645.0   100.8  
  2007 6,652,000   4.8   31,618   1,017   348   1,004.3   139.5  
  2008 5,981,000   4.8   28,865   928   412   1,233.3   169.5  
  2009 6,217,000   4.2   25,814   830   448   1,421.3   157.7  
  Total 241,114,000   13.6   3,273,006   105,230              

Includes West Driefontein from 1952 and East Driefontein from 1972.
*Combined surface and underground yield.

Kloof Mine

            Gold produced       Net earnings  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  1939-2004 238,271,900   9.0   2,148,644   69,080   n/a   n/a   n/a  
  2005 4,655,000   6.9   32,258   1,037   330   (39.2)   (6.3)  
  2006 3,666,000   7.8   28,429   914   374   209.9   32.8  
  2007 3,829,000   7.5   28,705   923   366   790.3   109.8  
  2008 3,953,000   6.5   25,533   821   430   947.9   130.4  
  2009 3,319,000   6.0   19,998   643   507   772.8   85.8  
  Total 257,693,900   8.9   2,283,567   73,418              

Includes Venterspost from 1939, Libanon from 1949, Kloof from 1968 and Leeudoorn from 1991.
*Combined surface and underground yield.

Beatrix Mine (includes Oryx Mine as from F2000)

            Gold produced       Net earnings  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  1985-2004 52,983,000   5.5   292,099   9,391   n/a   n/a   n/a  
  2005 4,181,000   4.6   19,418   624   352   (93.8)   (15.1)#  
  2006 3,551,000   5.2   18,541   596   354   185.3   29.0  
  2007 3,590,000   4.7   16,903   543   377   370.8   51.5  
  2008 3,215,000   4.2   13,625   438   515   332.4   45.7  
  2009 2,991,000   4.1   12,164   391   552   321.8   35.7  
  Total 70,511,000   5.3   372,750   11,984              

Beatrix and Oryx became one tax entity as from F2000.
* Combined surface and underground yield.
# Includes impairment write-down of R60 million (US$10 million).

Oryx Mine – (changed name to 4 shaft, known as West section from F2005)

            Gold produced       Net earnings  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  1985-1999 5,656,000   3.2   18,182   585   n/a   (768.0)   (123.5)  

Included in Beatrix from F2000.

South Deep Mine

            Gold produced       Net earnings  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  2007# 1,104,000   4.6   5,076   163   595   (46.8)   (6.5)  
  2008 1,367,000   5.3   7,220   232   727   (143.1)   (19.7)  
  2009 1,241,000   4.4   5,434   175   717   (10.9)   (1.2)  
  Total 3,712,000   4.8   17,730   570              

# For the 7 months ended 30 June 2007, since acquisition control.
* Combined surface and underground yield.

West Africa Region
Ghana

Tarkwa Mine – total managed

                    Net earnings
 
            Gold produced       (before minorities)  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  1994 - 2004 71,979,559   1.2   87,495   2,813   n/a   1,183.0   142.0  
  2005 19,633,000   1.1   21,051   677   234   427.5   68.8  
  2006 21,487,000   1.0   22,060   709   292   626.2   97.8  
  2007 22,639,000   1.0   21,684   697   333   841.9   116.9  
  2008 22,035,000   0.9   20,095   646   430   1,074.6   147.8  
  2009 21,273,000   0.9   19,048   612   521   900.7   100.0  
  Total 179,046,559   1.1   191,433   6,155              

Surface operation from F1999.

Damang Mine – total managed

                    Net earnings
 
            Gold produced       (before minorities)  
    Tons   Yield*       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ million  
  2002# - 2004 12,064,000   1.9   23,291   749   226   459.1   57.3  
  2005 5,215,000   1.5   7,703   248   282   116.7   18.8  
  2006 5,328,000   1.4   7,312   235   341   174.2   27.2  
  2007 5,269,000   1.1   5,843   188   473   115.1   16.0  
  2008 4,516,000   1.3   6,041   194   551   187.4   25.9  
  2009 4,991,000   1.2   6,233   200   660   81.4   9.0  
  Total 37,383,000   1.5   56,423   1,814              

# F2002 – For the 5 months ended 30 June, since acquisition.

Australasia Region
St Ives Mine

            Gold produced          
    Tons   Yield       '000   Cash cost   Cash Cost  
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   A$/oz  
  2002# - 2004 15,628,000   2.8   43,445   1,397   224   354  
  2005 6,332,000   2.6   16,393   527   336   447  
  2006 6,690,000   2.3   15,440   496   339   453  
  2007 6,759,000   2.2   15,146   487   424   540  
  2008 7,233,000   1.8   12,992   418   582   649  
  2009 7,262,000   1.8   13,322   428   596   805  
  Total 49,904,000   2.3   116,738   3,753          

# F2002 – For the 7 months ended 30 June, since acquisition.

Agnew Mine

            Gold produced          
    Tons   Yield       '000   Cash cost   Cash Cost  
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   A$/oz  
  2002# - 2004 3,129,000   4.6   13,302   428   237   380  
  2005 1,170,000   5.6   6,609   212   233   310  
  2006 1,323,000   5.2   6,916   222   266   355  
  2007 1,323,000   5.0   6,605   212   295   377  
  2008 1,315,000   4.8   6,336   204   445   496  
  2009 1,066,000   5.6   5,974   192   401   541  
  Total 9,326,000   4.9   45,742   1,471          

# For the 7 months ended 30 June, since acquisition.

St Ives/Agnew

    Net earnings  
  Year to 30 June SA R million   US$/ million   A$/ million  
  2002# - 2004 1,428.4   156.9   263.8  
  2005 151.1   24.3   32.4  
  2006 251.8   39.3   52.6  
  2007 298.6   41.5   52.8  
  2008 268.3   36.8   41.2  
  2009 628.9   69.8   94.3  
  Total 3,027.1   368.6   537.1  

# F2002 – For the 7 months ended 30 June 2002, since acquisition.

South America Region
Peru

Cero Corona Mine – total managed

                    Net earnings  
            Gold produced# #       (before minorities)  
    Tons   Yield       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ Million  
  # 2009 4,547,000   1.5   6,822   219   369   229.0   25.4  
  Total 4,547,000   1.5   6,822   219              

# Transition form project to operation from September 2008.
## Cerro Corona is a Gold and Copper mine. As such gold produced is based on gold equivalent ounces.

Discontinued operations
Venezuela

Choco 10 Mine – total managed

                    Net earnings  
            Gold produced# #       (before minorities)  
    Tons   Yield       '000   Cash cost          
  Year to 30 June milled   g/ton   Kilograms   ounces   US$/oz   SA R million   US$ Million  
  # 2006 454,000   1.7   787   25   294   21.0   3.3  
  2007 1,001,000   1.7   1,699   55   523   (36.8)   (5.1)  
  ## 2008 761,000   1.4   1,052   34   729   48.5   6.7  
  Total 2,216,000   1.6   3,538   114              

# For the 4 months ended 30 June, since acquisition.
## For the approximate 3.5 months to 11 October 2007, being the effective date of sale.