Segmental operating and financial results
|
United States Dollars |
|
|
|
|
|
|
|
|
|
|
|
|
Operating results (Unreviewed) |
|
|
|
|
|
|
|
|
|
|
Ore milled/treated
(000 tonnes) |
Year 2020 |
42,706 |
40,032 |
2,258 |
21,707 |
14,234 |
4,798 |
2,674 |
6,796 |
|
|
Year 2019 |
38,342 |
35,868 |
1,666 |
20,868 |
13,749 |
4,645 |
2,474 |
6,718 |
|
Yield
(grams per tonne) |
Year 2020 |
1.7 |
1.7 |
3.1 |
1.2 |
1.1 |
1.4 |
1.3 |
0.9 |
|
|
Year 2019 |
1.8 |
1.9 |
4.1 |
1.3 |
1.2 |
1.4 |
1.4 |
1.4 |
|
Gold produced
(000 managed equivalent ounces) |
Year 2020 |
2,312.4 |
2,200.0 |
226.9 |
861.7 |
526.3 |
223.0 |
112.5 |
207.1 |
|
|
Year 2019 |
2,269.5 |
2,156.5 |
222.1 |
840.4 |
519.1 |
208.4 |
113.0 |
292.7 |
|
Gold sold
(000 managed equivalent ounces) |
Year 2020 |
2,311.8 |
2,202.1 |
226.9 |
858.9 |
526.3 |
223.0 |
109.7 |
205.5 |
|
|
Year 2019 |
2,249.8 |
2,137.8 |
222.1 |
839.4 |
519.1 |
208.4 |
112.0 |
296.9 |
|
Gold price received
(dollar per equivalent ounce) |
Year 2020 |
1,765 |
1,768 |
1,763 |
1,766 |
1,763 |
1,798 |
1,715 |
1,795 |
|
|
Year 2019 |
1,387 |
1,388 |
1,418 |
1,384 |
1,388 |
1,384 |
1,369 |
1,344 |
|
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) |
Year 2020 |
39 |
39 |
101 |
29 |
21 |
49 |
40 |
23 |
|
|
Year 2019 |
41 |
41 |
148 |
27 |
24 |
32 |
36 |
25 |
|
All-in-sustaining costs
(dollar per ounce) revised interpretation |
Year 2020 |
969 |
961 |
1,237 |
1,027 |
1,017 |
1,008 |
1,114 |
484 |
|
|
Year 2019 |
885 |
873 |
1,259 |
942 |
958 |
809 |
1,112 |
381 |
|
Total all-in-cost
(dollar per ounce) |
Year 2020 |
1,014 |
999 |
1,260 |
1,060 |
1,017 |
1,035 |
1,316 |
715 |
|
|
Year 2019 |
997 |
985 |
1,259 |
1,039 |
958 |
1,147 |
1,214 |
472 |
|
Financial results (US$ millions) (Reviewed) |
|
|
|
|
|
|
|
|
|
|
Revenue |
Year 2020 |
4,080.2 |
3,892.1 |
400.1 |
1,516.7 |
927.7 |
400.8 |
188.2 |
368.8 |
|
|
Year 2019 |
3,120.0 |
2,966.7 |
314.8 |
1,162.0 |
720.4 |
288.3 |
153.3 |
399.0 |
|
Cost of sales before amortisation and depreciation |
Year 2020 |
(1,583.4) |
(1,489.3) |
(229.0) |
(562.9) |
(297.0) |
(171.9) |
(94.1) |
(154.4) |
|
|
Year 2019 |
(1,513.9) |
(1,423.4) |
(242.2) |
(547.5) |
(315.4) |
(141.7) |
(90.4) |
(162.5) |
|
Cost of sales before gold
inventory change and
amortisation and depreciation |
Year 2020 |
(1,661.9) |
(1,554.7) |
(227.2) |
(634.8) |
(294.5) |
(233.1) |
(107.1) |
(158.3) |
|
|
Year 2019 |
(1,555.1) |
(1,466.4) |
(245.9) |
(569.0) |
(329.8) |
(150.4) |
(88.7) |
(168.4) |
|
– Gold inventory change |
Year 2020 |
78.5 |
65.5 |
(1.8) |
71.8 |
(2.4) |
61.2 |
13.0 |
3.9 |
|
|
Year 2019 |
41.3 |
43.0 |
3.7 |
21.4 |
14.4 |
8.8 |
(1.7) |
6.0 |
|
Amortisation of mining assets |
Year 2020 |
(672.2) |
(649.3) |
(29.1) |
(266.7) |
(168.2) |
(75.6) |
(22.9) |
(77.6) |
|
|
Year 2019 |
(642.0) |
(599.0) |
(32.9) |
(278.7) |
(181.8) |
(53.9) |
(43.0) |
(92.6) |
|
Other expenses |
Year 2020 |
(516.7) |
(514.4) |
(91.1) |
(128.5) |
(83.9) |
(42.3) |
(2.3) |
(32.2) |
|
|
Year 2019 |
(304.6) |
(296.5) |
(35.2) |
(80.4) |
(43.5) |
(28.9) |
(8.0) |
(17.7) |
|
Profit/(loss) before royalties
and taxation |
Year 2020 |
1,307.9 |
1,239.1 |
50.9 |
558.5 |
378.7 |
111.0 |
68.8 |
104.6 |
|
|
Year 2019 |
659.6 |
647.8 |
4.5 |
255.4 |
179.7 |
63.9 |
11.8 |
126.3 |
|
Royalties, mining and
income taxation |
Year 2020 |
(511.5) |
(502.1) |
(15.9) |
(238.2) |
(173.9) |
(54.9) |
(9.4) |
(48.4) |
|
|
Year 2019 |
(252.8) |
(245.3) |
1.8 |
(111.2) |
(78.3) |
(25.4) |
(7.5) |
(43.0) |
|
– Normal taxation |
Year 2020 |
(347.8) |
(347.8) |
– |
(129.6) |
(129.6) |
– |
– |
(52.2) |
|
|
Year 2019 |
(184.5) |
(184.5) |
– |
(72.5) |
(72.5) |
– |
– |
(56.3) |
|
– Royalties |
Year 2020 |
(114.4) |
(105.0) |
(2.0) |
(62.5) |
(37.1) |
(16.0) |
(9.4) |
(5.6) |
|
|
Year 2019 |
(81.4) |
(73.7) |
(1.6) |
(43.9) |
(25.8) |
(10.3) |
(7.7) |
(5.5) |
|
– Deferred taxation |
Year 2020 |
(49.3) |
(49.3) |
(13.9) |
(46.1) |
(7.2) |
(38.9) |
– |
9.4 |
|
|
Year 2019 |
13.1 |
12.9 |
3.4 |
5.2 |
20.1 |
(15.1) |
0.2 |
18.7 |
|
Profit/(loss) before
non-recurring items |
Year 2020 |
796.5 |
737.0 |
35.0 |
320.3 |
204.8 |
56.1 |
59.4 |
56.2 |
|
|
Year 2019 |
406.8 |
402.5 |
6.4 |
144.2 |
101.4 |
38.4 |
4.3 |
83.3 |
|
Non-recurring items |
Year 2020 |
(47.9) |
(47.9) |
0.3 |
(42.2) |
(31.3) |
(10.9) |
– |
(2.3) |
|
|
Year 2019 |
(26.1) |
(26.1) |
0.8 |
(13.1) |
(0.1) |
(13.0) |
– |
(0.2) |
|
Net profit/(loss) |
Year 2020 |
748.5 |
689.1 |
35.3 |
278.1 |
173.5 |
45.2 |
59.4 |
53.9 |
|
|
Year 2019 |
380.7 |
376.4 |
7.2 |
131.1 |
101.3 |
25.5 |
4.3 |
83.1 |
|
Capital expenditure |
Year 2020 |
(517.0) |
(485.8) |
(49.1) |
(198.2) |
(147.2) |
(19.9) |
(31.2) |
(49.9) |
|
|
Year 2019 |
(636.6) |
(609.8) |
(33.1) |
(228.6) |
(125.5) |
(76.3) |
(26.8) |
(56.1) |
|
The average US Dollar/Rand exchange rates were US$1 = R16.38 for 2020 and US$1 = R14.46 for 2019.
The average Australian/US Dollar exchange rates were A$1 = US$0.69 for 2020 and A$1 = US$0.70 for 2019.
Figures may not add as they are rounded independently.
|
|
United States Dollars |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating results (Unreviewed) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ore milled/treated (000 tonnes) |
Year 2020 |
11,946 |
4,817 |
1,357 |
1,719 |
4,054 |
11,946 |
4,817 |
1,357 |
1,719 |
4,054 |
2,258 |
|
|
Year 2019 |
9,089 |
4,466 |
1,231 |
1,753 |
1,639 |
9,089 |
4,466 |
1,231 |
1,753 |
1,639 |
1,666 |
|
Yield (grams per tonne) |
Year 2020 |
2.6 |
2.5 |
5.3 |
4.9 |
1.0 |
2.6 |
2.5 |
5.3 |
4.9 |
1.0 |
3.1 |
|
|
Year 2019 |
3.1 |
2.6 |
5.5 |
4.9 |
0.9 |
3.1 |
2.6 |
5.5 |
4.9 |
0.9 |
4.1 |
|
Gold produced (000 managed equivalent ounces) |
Year 2020 |
1,016.8 |
384.9 |
233.3 |
269.6 |
129.1 |
1,016.8 |
384.9 |
233.3 |
269.6 |
129.1 |
7,056 |
|
|
Year 2019 |
914.3 |
370.6 |
219.4 |
274.8 |
49.5 |
914.3 |
370.6 |
219.4 |
274.8 |
49.5 |
6,907 |
|
Gold sold (000 managed equivalent ounces) |
Year 2020 |
1,020.5 |
393.8 |
233.5 |
265.2 |
128.03 |
1,020.5 |
393.8 |
233.5 |
265.2 |
128.03 |
7,056 |
|
|
Year 2019 |
891.4 |
363.3 |
219.6 |
274.8 |
33.73 |
891.4 |
363.3 |
219.6 |
274.8 |
33.73 |
6,907 |
|
Gold price received (dollar per equivalent ounce) |
Year 2020 |
1,759 |
1,756 |
1,762 |
1,758 |
1,7623 |
2,551 |
2,547 |
2,557 |
2,551 |
2,5573 |
928,707 |
|
|
Year 2019 |
1,396 |
1,390 |
1,387 |
1,396 |
1,5173 |
2,007 |
1,998 |
1,994 |
2,007 |
2,1813 |
659,111 |
|
Cost of sales before gold inventory change and amortisation and depreciation (dollar per tonne) |
Year 2020 |
54 |
50 |
116 |
99 |
183 |
78 |
72 |
168 |
144 |
263 |
1,648 |
|
|
Year 2019 |
63 |
52 |
134 |
89 |
193 |
90 |
74 |
192 |
129 |
273 |
2,135 |
|
All-in sustaining costs
(dollar per ounce) revised
interpretation |
Year 2020 |
917 |
843 |
1,017 |
938 |
9213 |
1,331 |
1,223 |
1,475 |
1,360 |
1,3373 |
651,514 |
|
|
Year 2019 |
829 |
818 |
967 |
752 |
6833 |
1,192 |
1,176 |
1,391 |
1,081 |
9833 |
585,482 |
|
Total all-in-cost
(dollar per ounce) |
Year 2020 |
957 |
873 |
1,053 |
1,010 |
9313 |
1,388 |
1,266 |
1,528 |
1,465 |
1,3503 |
663,635 |
|
|
Year 2019 |
986 |
963 |
1,152 |
922 |
6843 |
1,418 |
1,385 |
1,656 |
1,325 |
9833 |
585,482 |
|
Financial results (US$ millions) (Reviewed) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
Year 2020 |
1,794.7 |
691.4 |
411.5 |
466.4 |
225.43 |
2,603.8 |
1,003.0 |
597.0 |
676.7 |
327.23 |
6,552.9 |
|
|
Year 2019 |
1,244.2 |
504.9 |
304.5 |
383.7 |
51.23 |
1,789.1 |
726.0 |
437.8 |
551.7 |
73.63 |
4,552.5 |
|
Cost of sales before amortisation and depreciation |
Year 2020 |
(637.1) |
(234.1) |
(162.8) |
(167.1) |
(73.1)3 |
(924.1) |
(339.5) |
(236.1) |
(242.5) |
(106.1)3 |
(3,750.6) |
|
|
Year 2019 |
(561.6) |
(228.7) |
(162.0) |
(157.2) |
(13.7)3 |
(807.5) |
(328.8) |
(232.9) |
(226.1) |
(19.7)3 |
(3,502.6) |
|
Cost of sales before gold inventory change and amortisation and depreciation |
Year 2020 |
(641.6) |
(240.7) |
(157.3) |
(170.2) |
(73.4)3 |
(930.7) |
(349.1) |
(228.2) |
(246.9) |
(106.5)3 |
(3,721.7) |
|
|
Year 2019 |
(571.8) |
(231.2) |
(164.5) |
(156.9) |
(19.1)3 |
(822.1) |
(332.5) |
(236.6) |
(225.6) |
(27.5)3 |
(3,556.3) |
|
– Gold inventory change |
Year 2020 |
4.5 |
6.6 |
(5.4) |
3.1 |
0.33 |
6.6 |
9.6 |
(7.9) |
4.5 |
0.43 |
(28.9) |
|
|
Year 2019 |
10.2 |
2.5 |
2.6 |
(0.3) |
5.43 |
14.6 |
3.6 |
3.7 |
(0.5) |
7.83 |
53.7 |
|
Amortisation of mining assets |
Year 2020 |
(298.8) |
|
|
| |
(433.4) |
|
|
| |
(476.0) |
|
|
Year 2019 |
(237.8) |
|
|
|
|
(341.9) |
|
|
|
|
(475.7) |
|
Other expenses |
Year 2020 |
(264.9) |
|
|
| |
(384.3) |
|
|
| |
(1,492.0) |
|
|
Year 2019 |
(171.3) |
|
|
|
|
(246.3) |
|
|
|
|
(508.5) |
|
Profit/(loss) before royalties and taxation |
Year 2020 |
593.9 |
|
|
| |
862.0 |
|
|
| |
834.3 |
|
|
Year 2019 |
273.4 |
|
|
|
|
393.2 |
|
|
|
|
65.7 |
|
Royalties, mining and income taxation |
Year 2020 |
(208.9) |
|
|
| |
(303.1) |
|
|
| |
(260.9) |
|
|
Year 2019 |
(100.5) |
|
|
|
|
(144.5) |
|
|
|
|
26.6 |
|
– Normal taxation |
Year 2020 |
(166.0) |
|
|
| |
(240.8) |
|
|
| |
– |
|
|
Year 2019 |
(55.7) |
|
|
|
|
(80.1) |
|
|
|
|
– |
|
– Royalties |
Year 2020 |
(44.3) |
|
|
| |
(64.2) |
|
|
| |
(32.8) |
|
|
Year 2019 |
(30.5) |
|
|
|
|
(43.9) |
|
|
|
|
(22.8) |
|
– Deferred taxation |
Year 2020 |
1.3 |
|
|
| |
2.0 |
|
|
| |
(228.1) |
|
|
Year 2019 |
(14.2) |
|
|
|
|
(20.5) |
|
|
|
|
49.4 |
|
Profit/(loss) before non-recurring items |
Year 2020 |
384.9 |
|
|
| |
558.9 |
|
|
| |
573.5 |
|
|
Year 2019 |
172.9 |
|
|
|
|
248.7 |
|
|
|
|
92.3 |
|
Non-recurring items |
Year 2020 |
(3.8) |
|
|
| |
(5.4) |
|
|
| |
5.2 |
|
|
Year 2019 |
(13.7) |
|
|
|
|
(19.7) |
|
|
|
|
12.1 |
|
Net profit/(loss) |
Year 2020 |
381.2 |
|
|
| |
553.4 |
|
|
| |
578.6 |
|
|
Year 2019 |
159.3 |
|
|
|
|
229.0 |
|
|
|
|
104.4 |
|
Capital expenditure |
Year 2020 |
(219.8) |
(73.5) |
(51.9) |
(66.4) |
(28.0) |
(318.8) |
(106.5) |
(75.3) |
(96.4) |
(40.6) |
(803.9) |
|
|
Year 2019 |
(318.8) |
(98.3) |
(76.1) |
(72.2) |
(72.1) |
(458.4) |
(141.4) |
(109.5) |
(103.8) |
(103.7) |
(479.1) |
|
At the Australian operations, 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 cost of sales.
1 |
For Australia, all financial numbers are in Australian Dollar. |
2 |
For South Africa, all financial numbers are in Rand and Rand per kilogram. |
3 |
Includes post commercial level data only. |
Figures may not add as they are rounded independently.
|