Total cash costs
Gold Industry Standards Basis
Figures are in millions unless otherwise stated
|
|
|
Total Mine
Operations |
|
|
|
|
|
|
Total |
|
Driefontein |
|
Kloof |
|
Beatrix |
|
South
Deep |
|
Total |
|
Ghana |
Peru |
Australia # |
|
|
|
|
|
|
|
|
|
|
Tarkwa |
|
Damang |
Cerro Corona |
St Ives |
|
Agnew |
|
Operating costs(1) |
Dec 2008 |
|
4,542.3 |
|
|
2,429.7 |
|
876.8 |
|
772.8 |
|
503.1 |
|
277.0 |
|
2,112.6 |
|
833.2 |
|
339.0 |
210.7 |
563.1 |
|
166.6 |
|
|
Sept 2008 |
|
4,233.2 |
|
|
2,467.7 |
|
880.6 |
|
785.4 |
|
498.6 |
|
303.1 |
|
1,765.5 |
|
688.7 |
|
274.8 |
52.7 |
560.2 |
|
189.1 |
|
|
Financial year to date |
|
8,775.5 |
|
|
2,467.7 |
|
1,757.4 |
|
1,558.2 |
|
1,001.7 |
|
580.1 |
|
3,878.1 |
|
1,521.9 |
|
613.8 |
263.4 |
1,123.3 |
|
355.7 |
|
Gold-in-process and |
Dec 2008 |
|
(44.3) |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
(44.3) |
|
(58.3) |
|
(24.3) |
7.6 |
26.0 |
|
0.2 |
|
inventory change* |
Sept 2008 |
|
(63.3) |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
(63.3) |
|
(18.8) |
|
(4.9) |
(52.7) |
3.0 |
|
10.1 |
|
|
Financial year to date |
|
(107.6) |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
(107.6) |
|
(72.6) |
|
(29.2) |
(45.1) |
29.0 |
|
10.3 |
|
Less: |
Dec 2008 |
|
27.6 |
|
|
18.9 |
|
7.0 |
|
6.7 |
|
3.4 |
|
1.8 |
|
8.7 |
|
2.0 |
|
- |
3.7 |
2.1 |
|
0.9 |
|
Rehabilitation costs |
Sept 2008 |
|
23.1 |
|
|
18.9 |
|
7.0 |
|
6.8 |
|
3.3 |
|
1.7 |
|
4.3 |
|
1.5 |
|
- |
- |
2.1 |
|
0.7 |
|
|
Financial year to date |
|
50.7 |
|
|
37.7 |
|
14.0 |
|
13.5 |
|
6.7 |
|
3.5 |
|
13.0 |
|
3.5 |
|
- |
3.7 |
4.2 |
|
1.6 |
|
Production taxes |
Dec 2008 |
|
6.2 |
|
|
6.2 |
|
1.4 |
|
3.2 |
|
0.7 |
|
0.9 |
|
- |
|
- |
|
- |
- |
- |
|
- |
|
|
Sept 2008 |
|
7.6 |
|
|
7.6 |
|
2.1 |
|
3.0 |
|
1.4 |
|
1.1 |
|
- |
|
- |
|
- |
- |
- |
|
- |
|
|
Financial year to date |
|
13.8 |
|
|
13.8 |
|
3.5 |
|
6.2 |
|
2.1 |
|
2.0 |
|
- |
|
- |
|
- |
- |
- |
|
- |
|
General and admin |
Dec 2008 |
|
176.8 |
|
|
91.6 |
|
33.8 |
|
27.0 |
|
19.1 |
|
11.7 |
|
85.2 |
|
40.4 |
|
6.6 |
12.8 |
15.7 |
|
9.7 |
|
|
Sept 2008 |
|
163.0 |
|
|
98.5 |
|
37.0 |
|
29.7 |
|
18.8 |
|
13.0 |
|
64.5 |
|
36.7 |
|
5.1 |
- |
16.4 |
|
6.3 |
|
|
Financial year to date |
|
339.8 |
|
|
190.1 |
|
70.8 |
|
56.7 |
|
37.9 |
|
24.7 |
|
149.7 |
|
77.1 |
|
11.7 |
12.8 |
32.1 |
|
16.0 |
|
Exploration costs |
Dec 2008 |
|
18.8 |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
18.8 |
|
- |
|
12.1 |
- |
5.5 |
|
1.2 |
|
|
Sept 2008 |
|
13.7 |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
13.7 |
|
- |
|
4.0 |
- |
7.8 |
|
1.3 |
|
|
Financial year to date |
|
32.5 |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
32.5 |
|
- |
|
16.7 |
- |
13.3 |
|
2.5 |
|
Cash operating costs |
Dec 2008 |
|
4,268.6 |
|
|
2,313.0 |
|
834.6 |
|
735.9 |
|
749.9 |
|
262.6 |
|
1,955.6 |
|
737.0 |
|
296.0 |
201.8 |
565.8 |
|
155.0 |
|
|
Sept 2008 |
|
3,962.5 |
|
|
2,342.8 |
|
834.5 |
|
745.9 |
|
475.1 |
|
287.3 |
|
1,619.7 |
|
631.7 |
|
260.2 |
- |
536.9 |
|
190.9 |
|
|
Financial year to date |
|
8,231.1 |
|
|
4,655.8 |
|
1,669.1 |
|
1,481.8 |
|
955.0 |
|
549.9 |
|
1,619.7 |
|
1,368.7 |
|
556.2 |
201.8 |
1,102.7 |
|
345.9 |
|
Plus: |
Dec 2008 |
|
6.2 |
|
|
6.2 |
|
1.4 |
|
3.2 |
|
0.7 |
|
0.9 |
|
- |
|
- |
|
- |
- |
- |
|
- |
|
Production taxes |
Sept 2008 |
|
7.6 |
|
|
7.6 |
|
2.1 |
|
3.0 |
|
1.4 |
|
1.1 |
|
- |
|
- |
|
- |
- |
- |
|
- |
|
|
Financial year to date |
|
13.8 |
|
|
13.8 |
|
3.5 |
|
6.2 |
|
2.1 |
|
2.0 |
|
- |
|
- |
|
- |
- |
- |
|
- |
|
Royalties |
Dec 2008 |
|
79.0 |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
79.0 |
|
33.7 |
|
11.9 |
2.4 |
22.0 |
|
9.0 |
|
|
Sept 2008 |
|
66.7 |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
66.7 |
|
31.6 |
|
8.9 |
- |
17.5 |
|
8.7 |
|
|
Financial year to date |
|
145.7 |
|
|
- |
|
- |
|
- |
|
- |
|
- |
|
145.7 |
|
65.3 |
|
20.8 |
2.4 |
39.5 |
|
17.7 |
|
TOTAL CASH COSTS(2) |
Dec 2008 |
|
4,353.8 |
|
|
2,319.2 |
|
836.0 |
|
739.1 |
|
480.6 |
|
263.5 |
|
2,034.6 |
|
770.7 |
|
307.9 |
204.2 |
587.8 |
|
164.0 |
|
|
Sept 2008 |
|
4,036.8 |
|
|
2,350.4 |
|
836.0 |
|
748.9 |
|
476.5 |
|
288.4 |
|
1,686.4 |
|
663.3 |
|
269.1 |
- |
554.4 |
|
199.6 |
|
|
Financial year to date |
|
8,390.6 |
|
|
4,669.6 |
|
1,672.6 |
|
1,488.0 |
|
957.1 |
|
551.9 |
|
3,721.0 |
|
1,434.0 |
|
577.0 |
204.2 |
1,142.2 |
|
363.6 |
|
Plus: |
Dec 2008 |
|
1,005.9 |
|
|
480.1 |
|
143.4 |
|
161.8 |
|
111.9 |
|
63.0 |
|
525.8 |
|
135.2 |
|
43.5 |
94.6 |
252.5 |
|
Amortisation* |
Sept 2008 |
|
832.8 |
|
|
462.4 |
|
139.6 |
|
174.8 |
|
98.9 |
|
49.1 |
|
370.4 |
|
114.9 |
|
25.4 |
- |
230.1 |
|
|
Financial year to date |
|
1,838.7 |
|
|
942.5 |
|
283.0 |
|
336.6 |
|
210.8 |
|
112.1 |
|
896.2 |
|
250.1 |
|
68.9 |
94.6 |
482.6 |
|
Rehabilitation |
Dec 2008 |
|
27.6 |
|
|
18.9 |
|
7.0 |
|
6.7 |
|
3.4 |
|
1.8 |
|
8.7 |
|
2.0 |
|
- |
3.7 |
3.0 |
|
|
Sept 2008 |
|
23.1 |
|
|
18.8 |
|
7.0 |
|
6.8 |
|
3.3 |
|
1.7 |
|
4.3 |
|
1.5 |
|
- |
- |
2.8 |
|
|
Financial year to date |
|
50.7 |
|
|
37.7 |
|
14.0 |
|
13.5 |
|
6.7 |
|
3.5 |
|
13.0 |
|
1.5 |
|
- |
3.7 |
5.8 |
|
TOTAL PRODUCTION |
Dec 2008 |
|
5,387.3 |
|
|
2,818.2 |
|
986.4 |
|
907.6 |
|
595.9 |
|
328.3 |
|
2,569.1 |
|
907.9 |
|
351.4 |
302.5 |
1,007.3 |
|
COSTS(3) |
Sept 2008 |
|
4,892.7 |
|
|
2,831.6 |
|
983.2 |
|
930.5 |
|
578.7 |
|
339.2 |
|
2,061.1 |
|
779.7 |
|
294.5 |
- |
986.9 |
|
|
Financial year to date |
|
10,280.0 |
|
|
5,649.8 |
|
1,969.6 |
|
1,838.1 |
|
1,174.6 |
|
667.5 |
|
4,630.2 |
|
1,687.6 |
|
645.9 |
302.5 |
1,994.2 |
|
Gold sold - thousand ounces |
Dec 2008 |
|
909.6 |
|
|
500.6 |
|
194.9 |
|
151.7 |
|
106.7 |
|
47.3 |
|
409.0 |
|
139.3 |
|
50.4 |
65.5 |
108.7 |
|
45.0 |
|
|
Sept 2008 |
|
845.7 |
|
|
492.0 |
|
206.7 |
|
156.6 |
|
101.5 |
|
27.3 |
|
353.7 |
|
156.3 |
|
44.0 |
- |
101.2 |
|
52.2 |
|
|
Financial year to date |
|
1,755.3 |
|
|
992.7 |
|
401.6 |
|
308.3 |
|
208.2 |
|
74.6 |
|
762.7 |
|
295.6 |
|
94.5 |
65.5 |
209.8 |
|
97.3 |
|
TOTAL CASH COSTS - US$/oz |
Dec 2008 |
|
487 |
|
|
472 |
|
437 |
|
496 |
|
459 |
|
567 |
|
507 |
|
563 |
|
622 |
355 |
551 |
|
371 |
|
|
Sept 2008 |
|
617 |
|
|
617 |
|
523 |
|
618 |
|
6.7 |
|
1,365 |
|
616 |
|
548 |
|
790 |
- |
708 |
|
494 |
|
|
Financial year to date |
|
544 |
|
|
536 |
|
474 |
|
550 |
|
524 |
|
843 |
|
556 |
|
553 |
|
696 |
355 |
620 |
|
426 |
|
TOTAL CASH COSTS - R/kg |
Dec 2008 |
|
153,893 |
|
|
148,944 |
|
137,886 |
|
156,689 |
|
144,759 |
|
179,130 |
|
159,953 |
|
177,868 |
|
196,240 |
100,245 |
173,905 |
|
117,059 |
|
|
Sept 2008 |
|
153,461 |
|
|
153,581 |
|
130,149 |
|
153,747 |
|
150,982 |
|
339,694 |
|
153,295 |
|
136,481 |
|
196,567 |
- |
176,168 |
|
122,831 |
|
|
Financial year to date |
|
153,685 |
|
|
151,242 |
|
133,904 |
|
155,194 |
|
150,982 |
|
237,888 |
|
156,865 |
|
155,988 |
|
196,392 |
100,245 |
174,996 |
|
120,159 |
|
TOTAL PRODUCTION COSTS |
Dec 2008 |
|
6.3 |
|
|
573 |
|
515 |
|
6.9 |
|
569 |
|
707 |
|
640 |
|
664 |
|
709 |
526 |
667 |
|
- US$/oz |
Sept 2008 |
|
747 |
|
|
744 |
|
615 |
|
768 |
|
737 |
|
1,606 |
|
753 |
|
645 |
|
864 |
- |
831 |
|
|
Financial year to date |
|
667 |
|
|
648 |
|
559 |
|
679 |
|
643 |
|
1,019 |
|
691 |
|
650 |
|
779 |
526 |
740 |
|
DEFINITIONS
Total cash cost and Total production cost are calculated in accordance with the Gold Institute Industry standard.
(1) Operating costs – All gold mining related costs before amortisation/depreciation, changes in gold inventory, taxation and exceptional items.
(2) Total cash cost – Operating costs less off-mine costs, which include general and administration costs, as detailed in the table above.
(3) Total production cost – Total cash cost plus amortisation/depreciation and rehabilitation provisions, as detailed in the table above.
* Adjusted for amortisation/depreciation (non-cash item) excluded from gold-in-process change.
# As a significant portion of the acquisition price was allocated to tenements of St Ives and Agnew based on endowment ounces and also as these two Australian operations are entitled to transfer and then off-set tax losses from one company to another, it is not meaningful to split the income statement below operating profit.
Average exchange rates are US$1 = R9.82 and US$1 = R7.74 for the December 2008 and September 2008 quarters respectively.
|