ALL-IN COST (Revised interpretation) (Unreviewed)
World Gold Council Industry Standard
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United States Dollars |
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Cost of sales before gold inventory change and |
Six months to June 2020 |
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(311.0) |
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(115.3) |
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(79.1) |
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(81.0) |
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(35.6) |
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— |
amortisation and depreciation |
Six months to Dec 2019 |
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(306.9) |
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(123.0) |
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(85.0) |
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(79.9) |
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(19.1) |
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— |
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Six months to June 2019 |
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(264.9) |
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(108.2) |
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(79.6) |
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(77.1) |
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— |
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— |
Gold inventory change |
Six months to June 2020 |
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(8.7) |
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(8.3) |
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0.1 |
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(0.1) |
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(0.4) |
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— |
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Six months to Dec 2019 |
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25.6 |
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16.7 |
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4.5 |
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(1.0) |
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5.4 |
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— |
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Six months to June 2019 |
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(15.5) |
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(14.2) |
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(2.0) |
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0.7 |
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— |
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— |
Royalties |
Six months to June 2020 |
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(20.6) |
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(8.1) |
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(4.3) |
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(5.5) |
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(2.7) |
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— |
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Six months to Dec 2019 |
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(16.4) |
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(6.3) |
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(3.7) |
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(5.1) |
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(1.3) |
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— |
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Six months to June 2019 |
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(14.1) |
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(6.2) |
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(3.6) |
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(4.4) |
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— |
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— |
Realised gains/losses on commodity cost hedges |
Six months to June 2020 |
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(1.5) |
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(0.7) |
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(0.5) |
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(0.3) |
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— |
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— |
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Six months to Dec 2019 |
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1.5 |
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0.9 |
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0.3 |
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0.3 |
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— |
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— |
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Six months to June 2019 |
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1.6 |
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1.0 |
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0.3 |
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0.3 |
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— |
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— |
Community/social responsibility costs |
Six months to June 2020 |
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— |
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— |
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— |
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— |
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— |
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— |
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Six months to Dec 2019 |
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— |
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— |
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— |
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— |
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— |
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— |
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Six months to June 2019 |
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— |
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— |
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— |
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— |
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— |
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— |
Non-cash remuneration – share-based payments |
Six months to June 2020 |
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(1.5) |
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(0.3) |
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(0.3) |
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(0.4) |
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(0.4) |
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(3.8) |
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Six months to Dec 2019 |
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(2.1) |
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(0.9) |
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(0.6) |
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(0.5) |
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(0.1) |
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(6.0) |
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Six months to June 2019 |
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(2.2) |
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(0.8) |
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(0.6) |
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(0.8) |
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— |
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(4.8) |
Cash remuneration (long-term incentive plan) |
Six months to June 2020 |
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(9.2) |
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(3.3) |
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(2.4) |
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(2.7) |
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(0.8) |
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(3.7) |
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Six months to Dec 2019 |
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(0.4) |
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(0.1) |
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(0.1) |
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(0.1) |
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(0.1) |
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(0.3) |
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Six months to June 2019 |
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(2.0) |
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(0.8) |
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(0.6) |
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(0.6) |
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— |
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(1.6) |
Other |
Six months to June 2020 |
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— |
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— |
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— |
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— |
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— |
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— |
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Six months to Dec 2019 |
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— |
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— |
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— |
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— |
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— |
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— |
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Six months to June 2019 |
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— |
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— |
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— |
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— |
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— |
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(0.9) |
By-product credits |
Six months to June 2020 |
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0.7 |
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0.3 |
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0.1 |
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0.1 |
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0.2 |
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— |
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Six months to Dec 2019 |
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0.6 |
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0.3 |
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0.1 |
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0.1 |
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0.1 |
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— |
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Six months to June 2019 |
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0.5 |
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0.3 |
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0.1 |
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0.1 |
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— |
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— |
Rehabilitation amortisation
and interest |
Six months to June 2020 |
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(4.3) |
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(1.7) |
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(0.8) |
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(1.0) |
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(0.8) |
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— |
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Six months to Dec 2019 |
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(4.0) |
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(2.0) |
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(0.6) |
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(0.8) |
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(0.6) |
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(0.1) |
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Six months to June 2019 |
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(4.1) |
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(2.1) |
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(1.2) |
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(0.8) |
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— |
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(0.2) |
Sustaining capital expenditure |
Six months to June 2020 |
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(85.3) |
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(33.6) |
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(21.7) |
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(20.6) |
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(9.5) |
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(0.9) |
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Six months to Dec 2019 |
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(57.7) |
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(22.0) |
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(14.9) |
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(15.6) |
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(5.2) |
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(1.8) |
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Six months to June 2019 |
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(54.2) |
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(23.5) |
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(20.8) |
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(9.9) |
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— |
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(0.7) |
Lease payments |
Six months to June 2020 |
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(19.4) |
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(3.3) |
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(5.6) |
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(6.4) |
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(4.2) |
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(1.1) |
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Six months to Dec 2019 |
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(15.6) |
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(3.4) |
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(3.5) |
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(6.5) |
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(2.2) |
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(3.7) |
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Six months to June 2019 |
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(8.8) |
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(2.9) |
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(1.1) |
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(4.8) |
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— |
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(5.3) |
All-in sustaining costs |
Six months to June 2020 |
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(461.0) |
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(174.2) |
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(114.6) |
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(118.0) |
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(54.2) |
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(9.6) |
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Six months to Dec 2019 |
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(375.5) |
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(139.8) |
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(103.4) |
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(109.3) |
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(23.0) |
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(11.8) |
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Six months to June 2019 |
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(363.7) |
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(157.4) |
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(109.0) |
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(97.3) |
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— |
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(13.5) |
Exploration, feasibility and evaluation costs |
Six months to June 2020 |
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— |
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— |
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— |
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— |
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— |
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(19.9) |
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Six months to Dec 2019 |
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— |
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— |
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— |
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— |
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— |
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(26.7) |
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Six months to June 2019 |
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— |
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— |
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— |
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— |
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— |
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(24.4) |
Non-sustaining capital expenditure |
Six months to June 2020 |
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(20.7) |
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(3.9) |
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(4.7) |
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(11.5) |
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(0.6) |
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(19.4) |
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Six months to Dec 2019 |
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(56.3) |
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(25.6) |
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(6.6) |
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(24.1) |
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— |
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(2.1) |
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Six months to June 2019 |
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(83.7) |
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(27.2) |
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(33.9) |
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(22.6) |
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— |
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(64.9) |
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Total all-in cost |
Six months to June 2020 |
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(481.7) |
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(178.1) |
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(119.4) |
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(129.5) |
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(54.7) |
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(48.9) |
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Six months to Dec 2019 |
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(431.8) |
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(165.4) |
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(109.9) |
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(133.4) |
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(23.1) |
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(40.6) |
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Six months to June 2019 |
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(447.4) |
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(184.6) |
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(142.9) |
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(119.9) |
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— |
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(102.5) |
Total all-in sustaining cost |
Six months to June 2020 |
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(461.0) |
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(174.2) |
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(114.6) |
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(118.0) |
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(54.2) |
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(9.6) |
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Six months to Dec 2019 |
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(375.5) |
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(139.8) |
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(103.4) |
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(109.3) |
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(23.0) |
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(11.8) |
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Six months to June 2019 |
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(363.7) |
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(157.4) |
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(109.0) |
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(97.3) |
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— |
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(13.5) |
Gold only ounces sold – (000 ounces) |
Six months to June 2020 |
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501.5 |
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197.1 |
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105.5 |
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133.9 |
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65.0 |
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— |
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Six months to Dec 2019 |
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458.9 |
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180.1 |
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104.1 |
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140.9 |
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33.7 |
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— |
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Six months to June 2019 |
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432.5 |
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183.2 |
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115.4 |
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133.9 |
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— |
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— |
AISC per ounce of gold sold US$/oz |
Six months to June 2020 |
|
919 |
|
884 |
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1,086 |
|
881 |
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833 |
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— |
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Six months to Dec 2019 |
|
818 |
|
776 |
|
993 |
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775 |
|
683 |
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— |
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Six months to June 2019 |
|
841 |
|
859 |
|
944 |
|
727 |
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— |
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— |
Total all-in cost |
Six months to June 2020 |
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(481.7) |
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(178.1) |
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(119.4) |
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(129.5) |
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(54.7) |
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(48.9) |
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Six months to Dec 2019 |
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(431.8) |
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(165.4) |
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(109.9) |
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(133.4) |
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(23.1) |
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(40.6) |
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Six months to June 2019 |
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(447.4) |
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(184.6) |
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(142.9) |
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(119.9) |
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— |
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(102.5) |
Gold only ounces sold – (000 ounces) |
Six months to June 2020 |
|
501.5 |
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197.1 |
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105.5 |
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133.9 |
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65.0 |
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— |
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Six months to Dec 2019 |
|
458.9 |
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180.1 |
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104.1 |
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140.9 |
|
33.7 |
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— |
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Six months to June 2019 |
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432.5 |
|
183.2 |
|
115.4 |
|
133.9 |
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— |
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— |
AIC per ounce of gold sold US$/oz |
Six months to June 2020 |
|
960 |
|
904 |
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1,131 |
|
967 |
|
842 |
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— |
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Six months to Dec 2019 |
|
941 |
|
918 |
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1,056 |
|
946 |
|
684 |
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— |
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Six months to June 2019 |
|
1,035 |
|
1,008 |
|
1,238 |
|
895 |
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— |
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— |
The comparatives for the six months ended June 2019 and Dec 2019 have been updated to the New Interpretation of the WCG AIC standard
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