Segmental operating and financial results
|
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|
United States Dollars |
|
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|
Operating Results |
Six months to June 2020 |
|
21,573 |
|
|
20,206 |
|
|
954 |
|
|
11,108 |
|
|
7,314 |
|
|
2,427 |
|
|
1,367 |
|
|
3,364 |
|
Ore milled/treated |
Six months to Dec 2019 |
|
20,427 |
|
|
19,122 |
|
|
1,126 |
|
|
10,496 |
|
|
6,863 |
|
|
2,328 |
|
|
1,305 |
|
|
3,370 |
|
(000 tonnes) |
Six months to June 2019 △ |
|
17,915 |
|
|
16,746 |
|
|
540 |
|
|
10,372 |
|
|
6,886 |
|
|
2,317 |
|
|
1,169 |
|
|
3,348 |
|
Yield
(grams per tonne) |
Six months to June 2020 |
|
1.6 |
|
|
1.6 |
|
|
3.3 |
|
|
1.2 |
|
|
1.2 |
|
|
1.1 |
|
|
1.4 |
|
|
1.0 |
|
|
Six months to Dec 2019 |
|
1.8 |
|
|
1.8 |
|
|
3.6 |
|
|
1.2 |
|
|
1.1 |
|
|
1.3 |
|
|
1.4 |
|
|
1.3 |
|
|
Six months to June 2019 △ |
|
1.9 |
|
|
2.0 |
|
|
5.3 |
|
|
1.3 |
|
|
1.2 |
|
|
1.5 |
|
|
1.5 |
|
|
1.5 |
|
Gold produced (000 managed |
Six months to June 2020 |
|
1,123.2 |
|
|
1,062.3 |
|
|
100.4 |
|
|
420.4 |
|
|
271.7 |
|
|
87.8 |
|
|
60.9 |
|
|
108.7 |
|
equivalent
ounces) |
Six months to Dec 2019 |
|
1,148.0 |
|
|
1,090.2 |
|
|
130.4 |
|
|
402.7 |
|
|
248.2 |
|
|
96.6 |
|
|
57.9 |
|
|
135.6 |
|
|
Six months to June 2019 |
|
1,121.5 |
|
|
1,066.3 |
|
|
91.7 |
|
|
437.8 |
|
|
270.9 |
|
|
111.8 |
|
|
55.1 |
|
|
157.1 |
|
Gold sold (000 managed |
Six months to June 2020 |
|
1,129.9 |
|
|
1,071.8 |
|
|
97.8 |
|
|
417.6 |
|
|
271.7 |
|
|
87.8 |
|
|
58.1 |
|
|
113.0 |
|
equivalent
ounces) |
Six months to Dec 2019 |
|
1,134.1 |
|
|
1,076.0 |
|
|
131.9 |
|
|
402.9 |
|
|
248.2 |
|
|
96.6 |
|
|
58.1 |
|
|
140.2 |
|
|
Six months to June 2019 |
|
1,115.7 |
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|
1,061.8 |
|
|
90.1 |
|
|
436.6 |
|
|
270.9 |
|
|
111.8 |
|
|
53.9 |
|
|
156.4 |
|
Gold price received |
Six months to June 2020 |
|
1,635 |
|
|
1,637 |
|
|
1,597 |
|
|
1,639 |
|
|
1,643 |
|
|
1,655 |
|
|
1,597 |
|
|
1,638 |
|
(dollar per equivalent ounce) |
Six months to Dec 2019 |
|
1,478 |
|
|
1,476 |
|
|
1,489 |
|
|
1,475 |
|
|
1,479 |
|
|
1,477 |
|
|
1,455 |
|
|
1,429 |
|
|
Six months to June 2019 |
|
1,297 |
|
|
1,298 |
|
|
1,314 |
|
|
1,300 |
|
|
1,304 |
|
|
1,303 |
|
|
1,275 |
|
|
1,268 |
|
Cost of sales before gold inventory |
Six months to June 2020 |
|
37 |
|
|
37 |
|
|
107 |
|
|
28 |
|
|
21 |
|
|
43 |
|
|
38 |
|
|
24 |
|
change and amortisation and |
Six months to Dec 2019 |
|
40 |
|
|
40 |
|
|
113 |
|
|
28 |
|
|
23 |
|
|
36 |
|
|
35 |
|
|
26 |
|
depreciation (dollar per tonne) |
Six months to June 2019 |
|
41 |
|
|
42 |
|
|
219 |
|
|
27 |
|
|
25 |
|
|
28 |
|
|
36 |
|
|
24 |
|
All-in-sustaining costs |
Six months to June 2020 |
|
978 |
|
|
981 |
|
|
1,227 |
|
|
1,060 |
|
|
988 |
|
|
1,371 |
|
|
929 |
|
|
547 |
|
(dollar per ounce) |
Six months to Dec 2019 |
|
893 |
|
|
883 |
|
|
1,076 |
|
|
995 |
|
|
978 |
|
|
991 |
|
|
1,072 |
|
|
501 |
|
revised
interpretation |
Six months to June 2019 |
|
877 |
|
|
862 |
|
|
1,529 |
|
|
892 |
|
|
940 |
|
|
652 |
|
|
1,155 |
|
|
264 |
|
Total all-in-cost |
Six months to June 2020 |
|
1,020 |
|
|
1,017 |
|
|
1,234 |
|
|
1,093 |
|
|
988 |
|
|
1,425 |
|
|
1,083 |
|
|
709 |
|
(dollar per ounce) |
Six months to Dec 2019 |
|
987 |
|
|
975 |
|
|
1,076 |
|
|
1,074 |
|
|
978 |
|
|
1,247 |
|
|
1,195 |
|
|
661 |
|
|
Six months to June 2019 |
|
1,070 |
|
|
1,061 |
|
|
1,529 |
|
|
1,007 |
|
|
940 |
|
|
1,061 |
|
|
1,235 |
|
|
290 |
|
Financial Results ($ millions) |
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Revenue |
Six months to June 2020 |
|
1,847.1 |
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|
1,754.3 |
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|
156.2 |
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|
684.4 |
|
|
446.3 |
|
|
145.3 |
|
|
92.8 |
|
|
185.1 |
|
|
Six months to Dec 2019 |
|
1,672.6 |
|
|
1,588.1 |
|
|
196.4 |
|
|
594.3 |
|
|
367.0 |
|
|
142.7 |
|
|
84.6 |
|
|
200.7 |
|
|
Six months to June 2019 |
|
1,447.4 |
|
|
1,378.7 |
|
|
118.4 |
|
|
567.7 |
|
|
353.4 |
|
|
145.6 |
|
|
68.7 |
|
|
198.3 |
|
Cost of sales |
Six months to June 2020 |
|
(809.2) |
|
|
(767.3) |
|
|
(103.3) |
|
|
(307.3) |
|
|
(162.2) |
|
|
(103.2) |
|
|
(41.9) |
|
|
(78.7) |
|
before amortisation |
Six months to Dec 2019 |
|
(776.9) |
|
|
(728.7) |
|
|
(124.9) |
|
|
(289.4) |
|
|
(158.2) |
|
|
(82.9) |
|
|
(48.3) |
|
|
(81.3) |
|
and depreciation |
Six months to June 2019 |
|
(736.9) |
|
|
(694.8) |
|
|
(117.4) |
|
|
(258.1) |
|
|
(157.2) |
|
|
(58.8) |
|
|
(42.1) |
|
|
(81.1) |
|
Cost of sales before |
Six months to June 2020 |
|
(803.8) |
|
|
(752.5) |
|
|
(102.5) |
|
|
(310.7) |
|
|
(156.0) |
|
|
(103.3) |
|
|
(51.3) |
|
|
(79.5) |
|
gold inventory change and |
Six months to Dec 2019 |
|
(810.5) |
|
|
(766.1) |
|
|
(127.4) |
|
|
(288.8) |
|
|
(159.5) |
|
|
(84.9) |
|
|
(44.4) |
|
|
(87.3) |
|
amortisation and depreciation |
Six months to June 2019 |
|
(743.0) |
|
|
(700.3) |
|
|
(118.5) |
|
|
(278.4) |
|
|
(170.3) |
|
|
(65.5) |
|
|
(42.6) |
|
|
(81.2) |
|
— Gold inventory change |
Six months to June 2020 |
|
(5.2) |
|
|
(14.8) |
|
|
(0.8) |
|
|
3.6 |
|
|
(6.1) |
|
|
0.1 |
|
|
9.6 |
|
|
0.8 |
|
|
Six months to Dec 2019 |
|
35.0 |
|
|
37.2 |
|
|
2.6 |
|
|
1.1 |
|
|
1.3 |
|
|
2.0 |
|
|
(2.2) |
|
|
5.9 |
|
|
Six months to June 2019 |
|
6.1 |
|
|
5.6 |
|
|
1.2 |
|
|
20.3 |
|
|
13.1 |
|
|
6.8 |
|
|
0.5 |
|
|
— |
|
Amortisation of |
Six months to June 2020 |
|
(312.9) |
|
|
(301.3) |
|
|
(13.1) |
|
|
(133.7) |
|
|
(95.4) |
|
|
(26.7) |
|
|
(11.6) |
|
|
(41.1) |
|
mining assets |
Six months to Dec 2019 |
|
(336.9) |
|
|
(312.0) |
|
|
(16.1) |
|
|
(140.1) |
|
|
(91.1) |
|
|
(24.1) |
|
|
(24.9) |
|
|
(46.6) |
|
|
Six months to June 2019 |
|
(305.0) |
|
|
(287.0) |
|
|
(16.8) |
|
|
(138.6) |
|
|
(90.7) |
|
|
(29.8) |
|
|
(18.1) |
|
|
(46.0) |
|
Other expenses |
Six months to June 2020 |
|
(320.2) |
|
|
(320.5) |
|
|
(90.2) |
|
|
(91.3) |
|
|
(66.0) |
|
|
(25.6) |
|
|
0.3 |
|
|
(9.6) |
|
|
Six months to Dec 2019 |
|
(206.6) |
|
|
(203.0) |
|
|
(17.8) |
|
|
(48.8) |
|
|
(26.9) |
|
|
(18.3) |
|
|
(3.6) |
|
|
(6.9) |
|
|
Six months to June 2019 |
|
(97.9) |
|
|
(93.5) |
|
|
(17.3) |
|
|
(31.6) |
|
|
(16.6) |
|
|
(10.6) |
|
|
(4.4) |
|
|
(10.8) |
|
Profit/(loss) before |
Six months to June 2020 |
|
404.9 |
|
|
365.2 |
|
|
(50.5) |
|
|
152.1 |
|
|
122.7 |
|
|
(10.3) |
|
|
39.7 |
|
|
55.6 |
|
royalties and taxation |
Six months to Dec 2019 |
|
352.1 |
|
|
344.4 |
|
|
37.6 |
|
|
116.0 |
|
|
90.8 |
|
|
17.4 |
|
|
7.7 |
|
|
65.8 |
|
|
Six months to June 2019 |
|
307.5 |
|
|
303.4 |
|
|
(33.1) |
|
|
139.4 |
|
|
88.9 |
|
|
46.4 |
|
|
4.1 |
|
|
60.4 |
|
Royalties, mining |
Six months to June 2020 |
|
(158.3) |
|
|
(153.7) |
|
|
14.0 |
|
|
(54.1) |
|
|
(52.6) |
|
|
3.1 |
|
|
(4.6) |
|
|
(29.5) |
|
and income taxation |
Six months to Dec 2019 |
|
(133.0) |
|
|
(129.8) |
|
|
(7.0) |
|
|
(51.1) |
|
|
(41.0) |
|
|
(6.9) |
|
|
(3.2) |
|
|
(26.9) |
|
|
Six months to June 2019 |
|
(119.9) |
|
|
(115.6) |
|
|
9.0 |
|
|
(60.1) |
|
|
(37.2) |
|
|
(18.5) |
|
|
(4.3) |
|
|
(16.1) |
|
— Normal taxation |
Six months to June 2020 |
|
(82.7) |
|
|
(82.7) |
|
|
— |
|
|
(57.0) |
|
|
(57.0) |
|
|
— |
|
|
— |
|
|
(25.7) |
|
|
Six months to Dec 2019 |
|
(133.0) |
|
|
(133.0) |
|
|
— |
|
|
(45.0) |
|
|
(45.0) |
|
|
— |
|
|
— |
|
|
(28.7) |
|
|
Six months to June 2019 |
|
(51.4) |
|
|
(51.4) |
|
|
— |
|
|
(27.5) |
|
|
(27.5) |
|
|
— |
|
|
— |
|
|
(27.6) |
|
— Royalties |
Six months to June 2020 |
|
(52.4) |
|
|
(47.7) |
|
|
(0.8) |
|
|
(28.3) |
|
|
(17.9) |
|
|
(5.8) |
|
|
(4.6) |
|
|
(2.7) |
|
|
Six months to Dec 2019 |
|
(44.6) |
|
|
(40.3) |
|
|
(1.0) |
|
|
(24.2) |
|
|
(14.4) |
|
|
(5.6) |
|
|
(4.2) |
|
|
(2.8) |
|
|
Six months to June 2019 |
|
(37.1) |
|
|
(33.6) |
|
|
(0.6) |
|
|
(19.7) |
|
|
(11.5) |
|
|
(4.7) |
|
|
(3.5) |
|
|
(2.7) |
|
— Deferred taxation |
Six months to June 2020 |
|
(23.3) |
|
|
(23.3) |
|
|
14.8 |
|
|
31.2 |
|
|
22.3 |
|
|
8.9 |
|
|
— |
|
|
(1.0) |
|
|
Six months to Dec 2019 |
|
44.5 |
|
|
43.4 |
|
|
(6.2) |
|
|
18.1 |
|
|
18.3 |
|
|
(1.3) |
|
|
1.0 |
|
|
4.6 |
|
|
Six months to June 2019 |
|
(31.4) |
|
|
(30.5) |
|
|
9.6 |
|
|
(12.9) |
|
|
1.7 |
|
|
(13.8) |
|
|
(0.8) |
|
|
14.2 |
|
Profit/(loss) before |
Six months to June 2020 |
|
246.5 |
|
|
211.5 |
|
|
(36.4) |
|
|
98.0 |
|
|
70.2 |
|
|
(7.2) |
|
|
35.0 |
|
|
26.2 |
|
non-recurring items |
Six months to Dec 2019 |
|
219.2 |
|
|
214.6 |
|
|
30.5 |
|
|
64.9 |
|
|
49.7 |
|
|
10.6 |
|
|
4.6 |
|
|
38.9 |
|
|
Six months to June 2019 |
|
187.6 |
|
|
187.8 |
|
|
(24.1) |
|
|
79.4 |
|
|
51.7 |
|
|
27.9 |
|
|
(0.2) |
|
|
44.3 |
|
Non-recurring items |
Six months to June 2020 |
|
(12.3) |
|
|
(12.3) |
|
|
(0.9) |
|
|
(10.8) |
|
|
(0.7) |
|
|
(10.0) |
|
|
— |
|
|
(0.2) |
|
|
Six months to Dec 2019 |
|
(25.9) |
|
|
(25.9) |
|
|
0.9 |
|
|
(13.2) |
|
|
(0.2) |
|
|
(13.0) |
|
|
— |
|
|
(0.2) |
|
|
Six months to June 2019 |
|
(0.2) |
|
|
(0.2) |
|
|
(0.1) |
|
|
0.1 |
|
|
0.1 |
|
|
— |
|
|
— |
|
|
— |
|
Net profit/(loss) |
Six months to June 2020 |
|
234.2 |
|
|
199.2 |
|
|
(37.3) |
|
|
87.2 |
|
|
69.4 |
|
|
(17.2) |
|
|
35.0 |
|
|
26.0 |
|
|
Six months to Dec 2019 |
|
193.3 |
|
|
188.7 |
|
|
31.4 |
|
|
51.7 |
|
|
49.6 |
|
|
(2.4) |
|
|
4.6 |
|
|
38.7 |
|
|
Six months to June 2019 |
|
187.4 |
|
|
187.6 |
|
|
(24.2) |
|
|
79.5 |
|
|
51.8 |
|
|
27.9 |
|
|
(0.2) |
|
|
44.3 |
|
Capital expenditure |
Six months to June 2020 |
|
(228.4) |
|
|
(215.8) |
|
|
(14.6) |
|
|
(88.5) |
|
|
(67.5) |
|
|
(8.4) |
|
|
(12.6) |
|
|
(19.3) |
|
|
Six months to Dec 2019 |
|
(265.8) |
|
|
(255.0) |
|
|
(15.6) |
|
|
(94.5) |
|
|
(57.2) |
|
|
(26.5) |
|
|
(10.8) |
|
|
(39.7) |
|
|
Six months to June 2019 |
|
(370.8) |
|
|
(354.8) |
|
|
(17.6) |
|
|
(134.1) |
|
|
(68.3) |
|
|
(49.7) |
|
|
(16.0) |
|
|
(16.4) |
|
The average US Dollar/Rand exchange rates for the six months were US$1 = R16.50 for June 2020, US$1 = R14.71 for December 2019 and US$1 = R14.22 for June 2019 |
The average Australian/US Dollar exchange rates for the six months were A$1 = US$0.66 for June 2020, A$1 = US$0.68 for December 2019 and A$1 = US$0.71 for June 2019. |
Figures may not add as they are rounded independently. |
△ Excludes Gruyere physicals. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Results |
|
|
|
|
|
|
| |
|
|
|
|
Ore milled/treated (000 tonnes) |
Six months to June 2020 |
|
6,147 |
|
2,516 |
|
698 |
|
877 |
|
2,057 |
|
|
Six months to Dec 2019 |
|
5,434 |
|
2,215 |
|
645 |
|
935 |
|
1,639 |
|
|
Six months to June 2019 △ |
|
3,655 |
|
2,251 |
|
586 |
|
818 |
|
— |
|
Yield (grams per tonne) |
Six months to June 2020 |
|
2.5 |
|
2.3 |
|
4.7 |
|
4.8 |
|
1.0 |
|
|
Six months to Dec 2019 |
|
2.8 |
|
2.6 |
|
5.1 |
|
4.7 |
|
1.0 |
|
|
Six months to June 2019 △ |
|
3.6 |
|
2.6 |
|
6.0 |
|
5.1 |
|
— |
|
Gold produced |
Six months to June 2020 |
|
493.8 |
|
188.1 |
|
105.9 |
|
134.1 |
|
65.7 |
|
(000 managed equivalent ounces) |
Six months to Dec 2019 |
|
479.5 |
|
183.0 |
|
106.1 |
|
140.8 |
|
49.5 |
|
|
Six months to June 2019 |
|
434.9 |
|
187.6 |
|
113.3 |
|
134.0 |
|
— |
|
Gold sold |
Six months to June 2020 |
|
501.5 |
|
197.1 |
|
105.5 |
|
133.9 |
|
65.0 |
|
(000 managed equivalent ounces) |
Six months to Dec 2019 |
|
458.9 |
|
180.1 |
|
104.1 |
|
140.9 |
|
33.7 |
|
|
Six months to June 2019 |
|
432.5 |
|
183.2 |
|
115.4 |
|
133.9 |
|
— |
|
Gold price received |
Six months to June 2020 |
|
1,638 |
|
1,632 |
|
1,636 |
|
1,645 |
|
1,645 |
|
(dollar per equivalent ounce) |
Six months to Dec 2019 |
|
1,484 |
|
1,482 |
|
1,501 |
|
1,503 |
|
1,517 |
|
|
Six months to June 2019 |
|
1,302 |
|
1,299 |
|
1,304 |
|
1,303 |
|
— |
|
Cost of sales before gold inventory |
Six months to June 2020 |
|
51 |
|
46 |
|
113 |
|
92 |
|
17 |
|
change and amortisation and |
Six months to Dec 2019 |
|
58 |
|
56 |
|
134 |
|
87 |
|
12 |
|
depreciation (dollar per tonne) |
Six months to June 2019 |
|
71 |
|
48 |
|
136 |
|
94 |
|
— |
|
All-in sustaining costs |
Six months to June 2020 |
|
919 |
|
884 |
|
1,086 |
|
881 |
|
833 |
|
(dollar per ounce) |
Six months to Dec 2019 |
|
818 |
|
776 |
|
993 |
|
775 |
|
683 |
|
revised
interpretation |
Six months to June 2019 |
|
841 |
|
859 |
|
944 |
|
727 |
|
— |
|
Total all-in-cost
|
Six months to June 2020 |
|
960 |
|
904 |
|
1,131 |
|
967 |
|
842 |
|
(dollar per ounce) |
Six months to Dec 2019 |
|
941 |
|
918 |
|
1,056 |
|
946 |
|
684 |
|
|
Six months to June 2019 |
|
1185 |
|
1,008 |
|
1,238 |
|
895 |
|
— |
|
Financial Results ($ millions) |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
Six months to June 2020 |
|
821.5 |
|
321.7 |
|
172.6 |
|
220.3 |
|
106.9 |
|
|
Six months to Dec 2019 |
|
681.3 |
|
266.9 |
|
154.0 |
|
209.2 |
|
51.2 |
|
|
Six months to June 2019 |
|
562.9 |
|
238.0 |
|
150.5 |
|
174.5 |
|
— |
|
Cost of sales before |
Six months to June 2020 |
|
(319.8) |
|
(123.6) |
|
(79.1) |
|
(81.1) |
|
(36.0) |
|
amortisation and depreciation |
Six months to Dec 2019 |
|
(281.3) |
|
(106.3) |
|
(80.4) |
|
(80.9) |
|
(13.7) |
|
|
Six months to June 2019 |
|
(280.3) |
|
(122.4) |
|
(81.6) |
|
(76.3) |
|
— |
|
Cost of sales before |
Six months to June 2020 |
|
(311.0) |
|
(115.3) |
|
(79.1) |
|
(81.0) |
|
(35.6) |
|
gold inventory change and |
Six months to Dec 2019 |
|
(306.9) |
|
(123.0) |
|
(85.0) |
|
(80.0) |
|
(19.1) |
|
amortisation and depreciation |
Six months to June 2019 |
|
(264.9) |
|
(108.2) |
|
(79.6) |
|
(77.1) |
|
— |
|
— Gold inventory change |
Six months to June 2020 |
|
(8.7) |
|
(8.3) |
|
0.1 |
|
(0.1) |
|
(0.4) |
|
|
Six months to Dec 2019 |
|
25.6 |
|
16.7 |
|
4.5 |
|
(1.0) |
|
5.4 |
|
|
Six months to June 2019 |
|
(15.5) |
|
(14.2) |
|
(2.0) |
|
0.7 |
|
— |
|
Amortisation of mining assets |
Six months to June 2020 |
|
(125.0) |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
(134.1) |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
(103.7) |
|
|
|
|
|
|
|
|
|
Other expenses |
Six months to June 2020 |
|
(129.1) |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
(133.1) |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
(38.2) |
|
|
|
|
|
|
|
|
|
Profit/(loss) before |
Six months to June 2020 |
|
247.6 |
|
|
|
|
|
|
|
|
|
royalties and taxation |
Six months to Dec 2019 |
|
132.7 |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
140.7 |
|
|
|
|
|
|
|
|
|
Royalties, mining and income taxation |
Six months to June 2020 |
|
(88.9) |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
(47.8) |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
(52.7) |
|
|
|
|
|
|
|
|
|
— Normal taxation |
Six months to June 2020 |
|
— |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
(59.3) |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
3.6 |
|
|
|
|
|
|
|
|
|
— Royalties |
Six months to June 2020 |
|
(20.6) |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
(16.4) |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
(14.1) |
|
|
|
|
|
|
|
|
|
— Deferred taxation |
Six months to June 2020 |
|
(68.3) |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
28.0 |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
(42.2) |
|
|
|
|
|
|
|
|
|
Profit/(loss) before |
Six months to June 2020 |
|
158.7 |
|
|
|
|
|
|
|
|
|
non-recurring items |
Six months to Dec 2019 |
|
85.0 |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
88.0 |
|
|
|
|
|
|
|
|
|
Non-recurring items |
Six months to June 2020 |
|
(0.4) |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
(13.5) |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
(0.2) |
|
|
|
|
|
|
|
|
|
Net profit/(loss) |
Six months to June 2020 |
|
158.3 |
|
|
|
|
|
|
|
|
|
|
Six months to Dec 2019 |
|
71.5 |
|
|
|
|
|
|
|
|
|
|
Six months to June 2019 |
|
87.8 |
|
|
|
|
|
|
|
|
|
Capital expenditure |
Six months to June 2020 |
|
(106.0) |
|
(37.4) |
|
(26.4) |
|
(32.1) |
|
(10.0) |
|
|
Six months to Dec 2019 |
|
(115.9) |
|
(47.6) |
|
(21.4) |
|
(39.7) |
|
(7.2) |
|
|
Six months to June 2019 |
|
(202.8) |
|
(50.7) |
|
(54.7) |
|
(32.5) |
|
(64.9) |
|
As a significant portion of the acquisition price was allocated to tenements on endowment ounces and also as the 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. |
1 |
For Australia, all financial numbers are in Australian Dollar. |
2 |
For South Africa, all financial numbers are in Rand and Rand per kilogram.
Figures may not add as they are rounded independently. |
? |
Excludes Gruyere physicals. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Results |
Six months to June 2020 |
6,147 |
|
2,516 |
|
698 |
|
877 |
|
2,057 |
|
954 |
|
Ore milled/treated (000 tonnes) |
Six months to Dec 2019 |
5,434 |
|
2,215 |
|
645 |
|
935 |
|
1,639 |
|
1,126 |
|
|
Six months to June 2019 △ |
3,655 |
|
2,251 |
|
586 |
|
818 |
|
— |
|
540 |
|
Yield (grams per tonne) |
Six months to June 2020 |
2.5 |
|
2.3 |
|
4.7 |
|
4.8 |
|
1.0 |
|
3.3 |
|
|
Six months to Dec 2019 |
2.8 |
|
2.6 |
|
5.1 |
|
4.7 |
|
1.0 |
|
3.6 |
|
|
Six months to June 2019 △ |
3.6 |
|
2.6 |
|
6.0 |
|
5.1 |
|
— |
|
5.3 |
|
Gold produced |
Six months to June 2020 |
493.8 |
|
188.1 |
|
105.9 |
|
134.1 |
|
65.7 |
|
3,123 |
|
(000 managed equivalent ounces) |
Six months to Dec 2019 |
479.5 |
|
183.0 |
|
106.1 |
|
140.8 |
|
49.5 |
|
4,056 |
|
|
Six months to June 2019 |
434.9 |
|
187.6 |
|
113.3 |
|
134.0 |
|
— |
|
2,851 |
|
Gold sold |
Six months to June 2020 |
501.5 |
|
197.1 |
|
105.5 |
|
133.9 |
|
65.0 |
|
3,042 |
|
(000 managed equivalent ounces) |
Six months to Dec 2019 |
458.9 |
|
180.1 |
|
104.1 |
|
140.9 |
|
33.7 |
|
4,103 |
|
|
Six months to June 2019 |
432.5 |
|
183.2 |
|
115.4 |
|
133.9 |
|
— |
|
2,804 |
|
Gold price received |
Six months to June 2020 |
2,493 |
|
2,485 |
|
2,490 |
|
2,504 |
|
2,502 |
|
847,286 |
|
(dollar per equivalent ounce) |
Six months to Dec 2019 |
2,161 |
|
2,159 |
|
2,158 |
|
2,162 |
|
2,181 |
|
699,087 |
|
|
Six months to June 2019 |
1,843 |
|
1,840 |
|
1,846 |
|
1,845 |
|
— |
|
600,601 |
|
Cost of sales before gold inventory |
Six months to June 2020 |
77 |
|
70 |
|
173 |
|
141 |
|
26 |
|
1,773 |
|
change and amortisation and depreciation |
Six months to Dec 2019 |
83 |
|
81 |
|
192 |
|
125 |
|
17 |
|
1,662 |
|
(dollar per tonne) |
Six months to June 2019 |
101 |
|
68 |
|
192 |
|
133 |
|
— |
|
3,119 |
|
All-in sustaining costs |
Six months to June 2020 |
1,400 |
|
1,346 |
|
1,655 |
|
1,342 |
|
1,269 |
|
650,972 |
|
(dollar per ounce) revised
interpretation |
Six months to Dec 2019 |
1,194 |
|
1,135 |
|
1,450 |
|
1,130 |
|
983 |
|
507,928 |
|
|
Six months to June 2019 |
1,191 |
|
1,217 |
|
1,337 |
|
1,029 |
|
— |
|
698,982 |
|
Total all-in-cost
|
Six months to June 2020 |
1,463 |
|
1,376 |
|
1,723 |
|
1,473 |
|
1,282 |
|
654,537 |
|
(dollar per ounce) |
Six months to Dec 2019 |
1,374 |
|
1,343 |
|
1,548 |
|
1,379 |
|
983 |
|
507,928 |
|
|
Six months to June 2019 |
1677 |
|
1,427 |
|
1,753 |
|
1,268 |
|
— |
|
698,982 |
|
Financial Results ($ millions) |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
Six months to June 2020 |
1,250.4 |
|
489.7 |
|
262.7 |
|
335.4 |
|
162.6 |
|
2,577.1 |
|
|
Six months to Dec 2019 |
991.9 |
|
389.0 |
|
224.7 |
|
304.6 |
|
73.6 |
|
2,868.6 |
|
|
Six months to June 2019 |
797.0 |
|
337.0 |
|
213.1 |
|
247.0 |
|
— |
|
1,683.9 |
|
Cost of sales before |
Six months to June 2020 |
(487.0) |
|
(188.2) |
|
(120.4) |
|
(123.5) |
|
(54.8) |
|
(1,705.1) |
|
amortisation and depreciation |
Six months to Dec 2019 |
(410.7) |
|
(155.5) |
|
(117.4) |
|
(118.0) |
|
(19.7) |
|
(1,833.8) |
|
|
Six months to June 2019 |
(396.9) |
|
(173.3) |
|
(115.5) |
|
(108.1) |
|
— |
|
(1,668.8) |
|
Cost of sales before |
Six months to June 2020 |
(473.7) |
|
(175.6) |
|
(120.5) |
|
(123.4) |
|
(54.2) |
|
(1,691.8) |
|
gold inventory change and |
Six months to Dec 2019 |
(447.1) |
|
(179.2) |
|
(123.9) |
|
(116.5) |
|
(27.5) |
|
(1,870.9) |
|
amortisation and depreciation |
Six months to June 2019 |
(375.0) |
|
(153.2) |
|
(112.7) |
|
(109.1) |
|
— |
|
(1,685.3) |
|
— Gold inventory change |
Six months to June 2020 |
(13.3) |
|
(12.6) |
|
0.1 |
|
(0.1) |
|
(0.6) |
|
(13.3) |
|
|
Six months to Dec 2019 |
36.5 |
|
23.7 |
|
6.5 |
|
(1.5) |
|
7.8 |
|
37.2 |
|
|
Six months to June 2019 |
(21.9) |
|
(20.1) |
|
(2.8) |
|
1.0 |
|
— |
|
16.5 |
|
Amortisation of mining assets |
Six months to June 2020 |
(190.4) |
|
|
|
|
|
|
|
|
|
(216.0) |
|
|
Six months to Dec 2019 |
(195.1) |
|
|
|
|
|
|
|
|
|
(237.1) |
|
|
Six months to June 2019 |
(146.9) |
|
|
|
|
|
|
|
|
|
(238.6) |
|
Other expenses |
Six months to June 2020 |
(196.6) |
|
|
|
|
|
|
|
|
|
(1,488.7) |
|
|
Six months to Dec 2019 |
(192.2) |
|
|
|
|
|
|
|
|
|
(262.0) |
|
|
Six months to June 2019 |
(54.1) |
|
|
|
|
|
|
|
|
|
(246.5) |
|
Profit/(loss) before |
Six months to June 2020 |
376.4 |
|
|
|
|
|
|
|
|
|
(832.6) |
|
royalties and taxation |
Six months to Dec 2019 |
194.0 |
|
|
|
|
|
|
|
|
|
535.7 |
|
|
Six months to June 2019 |
199.2 |
|
|
|
|
|
|
|
|
|
(470.0) |
|
Royalties, mining and income taxation |
Six months to June 2020 |
(135.3) |
|
|
|
|
|
|
|
|
|
231.8 |
|
|
Six months to Dec 2019 |
(69.9) |
|
|
|
|
|
|
|
|
|
(101.1) |
|
|
Six months to June 2019 |
(74.6) |
|
|
|
|
|
|
|
|
|
127.7 |
|
— Normal taxation |
Six months to June 2020 |
— |
|
|
|
|
|
|
|
|
|
— |
|
|
Six months to Dec 2019 |
(85.3) |
|
|
|
|
|
|
|
|
|
— |
|
|
Six months to June 2019 |
5.2 |
|
|
|
|
|
|
|
|
|
— |
|
— Royalties |
Six months to June 2020 |
(31.4) |
|
|
|
|
|
|
|
|
|
(12.9) |
|
|
Six months to Dec 2019 |
(23.9) |
|
|
|
|
|
|
|
|
|
(14.3) |
|
|
Six months to June 2019 |
(20.0) |
|
|
|
|
|
|
|
|
|
(8.4) |
|
— Deferred taxation |
Six months to June 2020 |
(104.0) |
|
|
|
|
|
|
|
|
|
244.7 |
|
|
Six months to Dec 2019 |
39.3 |
|
|
|
|
|
|
|
|
|
(86.7) |
|
|
Six months to June 2019 |
(59.8) |
|
|
|
|
|
|
|
|
|
136.1 |
|
Profit/(loss) before |
Six months to June 2020 |
241.1 |
|
|
|
|
|
|
|
|
|
(600.8) |
|
non-recurring items |
Six months to Dec 2019 |
124.1 |
|
|
|
|
|
|
|
|
|
434.6 |
|
|
Six months to June 2019 |
124.6 |
|
|
|
|
|
|
|
|
|
(342.3) |
|
Non-recurring items |
Six months to June 2020 |
(0.7) |
|
|
|
|
|
|
|
|
|
(14.7) |
|
|
Six months to Dec 2019 |
(19.4) |
|
|
|
|
|
|
|
|
|
13.3 |
|
|
Six months to June 2019 |
(0.3) |
|
|
|
|
|
|
|
|
|
(1.2) |
|
Net profit/(loss) |
Six months to June 2020 |
240.4 |
|
|
|
|
|
|
|
|
|
(615.5) |
|
|
Six months to Dec 2019 |
104.7 |
|
|
|
|
|
|
|
|
|
447.9 |
|
|
Six months to June 2019 |
124.3 |
|
|
|
|
|
|
|
|
|
(343.5) |
|
Capital expenditure |
Six months to June 2020 |
(161.4) |
|
(57.0) |
|
(40.3) |
|
(48.9) |
|
(15.3) |
|
(241.6) |
|
|
Six months to Dec 2019 |
(171.2) |
|
(69.6) |
|
(32.0) |
|
(57.8) |
|
(11.8) |
|
(229.1) |
|
|
Six months to June 2019 |
(287.2) |
|
(71.8) |
|
(77.5) |
|
(46.0) |
|
(91.9) |
|
(250.0) |
|
As a significant portion of the acquisition price was allocated to tenements on endowment ounces and also as the 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. |
1 |
For Australia, all financial numbers are in Australian Dollar. |
2 |
For South Africa, all financial numbers are in Rand and Rand per kilogram.
Figures may not add as they are rounded independently. |
? |
Excludes Gruyere physicals. |
|