African Rainbow Minerals Gold Shares RC - 500 Beiträge pro Seite

[svc]

Hallo liebe African Rainbow Minerals Gold Shares RC Inhaber, übertreibt Ihr denn nicht ein wenig?

Worein investiert Ihr denn? In Black-Empowerment?

Habt Ihr denn Zahlen, wenn ja welche und besonders woher?

Ist es denn nicht eine kleine Mine, welche von Durban abgestossen (werden musste)?

Wir meinen das wirklich nicht negativ, würden uns aber sehr über ein paar Informationen zu diesem sehr gut laufenden Wert freuen!

svc

[mickym [VIP]]

Hi svc,

so trifft man sich wieder

-------------------------------

3
ARMgold Quarter Quarter Quarter Variance
SALIENT FEATURES ended ended Average ended Sept Qtr %
March June Quarter Sept to Change
Unaudited 2002 2002 2002 Ave Qtr
Revenue
– R million 872,8 928,5 900,7 874,9 (26) (3)
– US$ million 76,4 90,4 83,1 83,9 1 1
Gold price received
– R/kg 107 279 105 011 106 108 105 328 (780) (1)
– US$/oz 291 313 304 314 10 3
Exchange rate US$1=R 11,42 10,27 10,84 10,43 0,41 4
Cash operating income
– R million 398,3 467,5 432,9 409,3 (24) (5)
– US$ million 34,8 45,5 40,0 39,2 (1) (2)
Cash operating cost
– Rmillion 474,5 461,0 467,8 465,6 2 0
– R/kg 58 320 52 143 55 105 56 053 (948) (2)
– R/tonne 292 267 279 276 3 1
– US$/oz 159 158 158 167 (9) (6)
– US$/ton 23 24 23 24 (1) (4)
Gold produced
– kg 8 135 8 841 8 488 8 307 (181) (2)
– oz `000 262 284 273 267 (6) (2)
Tonnes milled (`000) 1 625 1 727 1 676 1 688 12 1
OPERATIONAL REVIEW – CONSOLIDATED
“We D o I t B e t t e r ”
4
RESULTS FOR THE QUARTER
ENDED 30 SEPTEMBER 2002
RESULTS FOR THE QUARTER
Full details of the quarter on quarter comparisons are attached. However, since Freegold was under the ARMgold/Harmony Joint
Venture management during the first six months of the year 2002 it is more representative to compare the September 2002 quarter with
the average per quarter of the first two quarters.
PRODUCTION AND REVENUE
Gold revenue for the quarter amounted to R874,9 million. This represents a decrease of 3% when compared to the average of
R900,7 million per quarter for the first two quarters. The lower gold price received resulted in a reduction in revenue of R6,5 million.
The further reduction in revenue is mainly due to the mining strategy to improve the utilisation of the ore body at Freegold and to mine
more average grade ore. The overall yield from underground operations was reduced by 5%, from the average per quarter of
7,44g/tonne for the first two quarters, to 7,10g/tonne. Surface operations decreased by 36% from the average yield per quarter of
0,79g/tonne for the first two quarters, to 0,50g/tonne, mainly due to the lower grade in the dumps that are currently being processed.
A total of 812 867 ounces (25 283 kilograms) was produced during the period January 2002 to September 2002 which is on track with
ARMgold’s stated objectives of achieving one million ounces for the year 2002.
CASH OPERATING COST
Average cash operating cost per quarter for the first two quarters increased by 2% from R55 105/kg to R56 053/kg (by 6% from US$158/oz
to US$167/oz). In absolute terms, costs decreased by 0,47%, from an average per quarter R467,8 million for the first two quarters, to
R465,6 million, despite the implementation of a wage increase of 9% in Freegold for the lower category employees.
As a result of the decrease in revenue, and despite the small decrease in working costs, cash operating income decreased by 5% and
amounted to R409,3 million compared to the average per quarter for the first two quarters, of R432,9 million.
It is anticipated that cash costs will increase over the next few quarters owing to:
• the stated strategy of mining the ore body to its average grade, thereby eliminating high grading. The focus will be to recapitalise
the ore body to optimise profitability and to allow for more flexibility;
• additional expenditure to prepare additional face length in anticipation of the introduction of continuous operations at Freegold;
• completion of the extraction of the high grade shaft pillar of No. 2 Shaft of the Orkney Operations by the end of December 2002.
• annual wage increases in Orkney, Welkom and Freegold upper levels from January 2003.
The stated growth strategy of acquiring additional reserves and further cost reduction initiatives will reduce the negative impact of the
above.
SAFETY
Regrettably during the course of the past quarter, three ARMgold employees died as a result of work-related incidents and another one
died at the Freegold operations. Our condolences are extended to the families, friends and communities of the deceased.
Safety remains a prime concern at ARMgold and every effort is being made to eliminate accidents. This has been strengthened by the
ongoing enhancement of a comprehensive safety and health strategy.
One of the Business Units at the Orkney operations achieved 500 000 fatality-free shifts on 11 September 2002.
ACQUISITION
St Helena – Freegold Joint Venture acquisition.
The only outstanding conditions precedent for the fulfilment of the sale agreement are in respect of Ongegund 13 – St Helena No. 10
Shaft and are:
• The renewal of the Mining Lease by Gold Fields Limited and ceding thereof to Freegold with ministerial consent; and
• Mining authorisation for Ongegund 13.
These conditions are expected to be fulfilled by 31 October 2002.
ORKNEY OPERATIONS
Gold revenue decreased by 6% or R23,2 million, from an average of R382,3 million per quarter for the first two quarters, to R359,1 million.
This is mainly due to the yield which decreased from an average of 7,65g/tonne per quarter for the first two quarters to 7,49g/tonne and
the loss of 157 kilograms resulting from the discontinuation of operations at No. 5 Shaft.
Cash operating cost decreased by 3% from the average of R56 184/kg per quarter for the first two quarters, to R54 437/kg (an increase
of 1% from US$161/oz to US$162/oz). In absolute terms, costs decreased by 8% or R16,60 million, from an average of R202,4 million per
quarter, for the first two quarters, to R185,8 million.
5 “We D o I t B e t t e r ”
As a result of the above, cash operating income for the quarter decreased by R6,7 million and amounted to R173,2 million, compared to
the average of R179,9 million per quarter for the first two quarters.
Restarting of operations at No. 3 Shaft is continuing and the build-up of production is progressing according to plan. No. 3 Shaft will
partially offset the loss in kilograms resulting from the discontinuation of operations at No. 5 Shaft.
WELKOM OPERATIONS
Gold production decreased by 8% or 46 kilograms, from an average of 546 kilograms per quarter for the first two quarters to
500 kilograms, mainly due to a decrease in the yield from an average of 4,88g/tonne per quarter for the first two quarters to 3,68g/tonne.
The lower yield achieved is part of a strategy introduced to mine available reserves at No. 6 and 7 Shafts from lower grade areas.
Cash operating cost for the quarter increased by 2% from an average of R90 685/kg per quarter for the first two quarters, to R92 208/kg
(an increase of 6% from US$260/oz to US$275/oz). In absolute terms, costs decreased by 7% from the average of R49,6 million per
quarter for the first two quarters, to R46,1 million.
As a result of the above, cash operating income for the quarter decreased by R2,9 million and amounted to R6,9 million, compared to
the average per quarter of the first two quarters of R9,8 million.
Development of the lower GK Block at No.1 Shaft has commenced. This mining area will add three to six years to the life-of-mine of
the shaft and will improve cash operating costs when in full production by end 2004.
FREEGOLD JOINT VENTURE OPERATIONS
Attributable gold production increased by 1% or 53 kilograms, from an average of 4 340 kilograms per quarter for the first two quarters,
to 4 393 kilograms, mainly due to the grade which increased by 0,04g/tonne, from 3,97g/tonne to 4,01g/tonne. Underground yield
decreased from 7,94g/tonne for the June quarter (an average of 7,82g/tonne per quarter for the first two quarters) compared to
7,62g/tonne in the September 2002 quarter. Tonnages treated from surface sources were significantly lower in volume and recovery
grade. A total of 557 000 tonnes, at a recovery grade of 0,50 g/tonne, were treated, resulting in a gold recovery of 281 kilograms. This
was lower than the average of 474 kilograms recovered per quarter for the first two quarters. The net result was that surface operations
contributed only R9,5 million towards cash operating income, compared to the average of R30,5 million per quarter for the first two
quarters.
Cash operating cost increased by 7% from an average of R49 724/kg per quarter for the first two quarters to R53 181/kg, due to the
recapitalisation of the ore body, to enable mining at its average grade and to allow for more mining flexibility. Additional money was
spent to prepare additional face length in anticipation of the introduction of continuous operations in Freegold. In absolute terms, costs
increased by 8% or R17,8 million, from the average of R215,8 million per quarter for the first two quarters to R233,6 million.
Due to the above, cash operating income attributable to ARMgold for the quarter amounted to R229,1 million which is R14,1 million lower
than the average of R243,2 million per quarter for the first two quarters.
Highlights achieved for the quarter by the Freegold Joint Venture:
Bambanani Mine Cash operating income R88,2 million
Cash operating cost R51 402/kg (US$153/oz)
Tshepong Mine Cash operating income R97,2 million
Cash operating cost R45 807/kg (US$137/oz)
Eland Mine Cash operating income R22,1 million
Cash operating cost R51 061/kg (US$152/oz)
The negotiations with the unions regarding continuous operations at Freegold are proceeding. Continuous operations will create
2 500 additional job opportunities and will significantly reduce the unit cost of production, enabling improved utilisation of the ore body.
The feasibility study on the Tshepong North Deepening is nearing completion and the projected start date is early next year.
Nyala Shaft is in the process of being restarted, and will yield some 40 000 attributable ounces per annum for ARMgold.
Other growth projects under consideration are Tshepong South, Surface sources and Joel.
FINANCIAL REVIEW
Headline earnings increased by 13% or R34,4 million, from an average of R240,8 million per quarter for the first two quarters, to
R275,2 million. The increase in earnings can be attributed to:
• Net interest received of R41,9 million.
• A part payment of R17,8 million in respect of an insurance claim resulting from the seismic events at Orkney’s No. 5 Shaft was
received. The total amount in respect of the claim still to be finalised.
• Income from the demolition of the Gold Plant at Welkom operation of R1,9 million.
6
OPERATING RESULTS
ARMgold ARMgold FREEGOLD ARMgold
September quarter compared to the average Attributable
per quarter for the first two quarters Orkney Welkom Total Total to Con-
Unaudited Operations Operations Company Freegold ARMgold solidated
Ore milled – t`000 Sept-02 456 136 592 2 192 1 096 1 688
AVE Q1& Q2 471 112 583 2 186 1 093 1 676
Jun-02 478 107 585 2 283 1 142 1 727
Mar-02 464 117 581 2 087 1 044 1 625
% Change (3) 21 2 0 0 1
Yield – g/t Sept–02 7,49 3,68 6,61 4,01 4,01 4,92
AVE Q1 & Q2 7,65 4,88 7,12 3,97 3,97 5,07
Jun-02 7,66 4,41 7,06 4,13 4,13 5,12
Mar-02 7,64 5,29 7,17 3,81 3,81 5,01
% Change (2) (25) (7) 1 1 (3)
Gold produced – kg Sept-02 3 414 500 3 914 8 787 4 393 8 307
AVE Q1 & Q2 3 602 546 4 148 8 681 4 340 8 488
Jun-02 3 659 473 4 132 9 419 4 709 8 841
Mar-02 3 545 620 4 165 7 942 3 971 8 135
% Change (5) (8) (6) 1 1 (2)
Ounces produced – oz`000 Sept-02 110 16 126 283 141 267
AVE Q1 & Q2 116 18 134 279 140 273
Jun-02 118 15 133 303 151 284
Mar-02 114 20 134 255 128 262
% Change (5) (8) (6) 1 1 (2)
Cash operating revenue – R million Sept-02 359,1 53,0 412,1 925,6 462,8 874,9
AVE Q1 & Q2 382,3 59,3 441,6 918,0 459,0 900,7
Jun-02 385,7 52,1 437,9 981,1 490,6 928,5
Mar-02 378,9 66,5 445,4 854,8 427,4 872,8
% Change (6) (11) (7) 1 1 (3)
Cash operating costs – R million Sept–02 185,8 46,1 232,0 467,3 233,6 465,6
AVE Q1 & Q2 202,4 49,6 252,0 431,6 215,8 467,8
Jun-02 212,4 42,9 255,4 411,3 205,6 461,0
Mar-02 192,3 56,2 248,5 452,0 226,0 474,5
% Change 8 7 8 (8) (8) 0
Cash operating income – R million Sept-02 173,2 6,9 180,2 458,3 229,1 409,3
AVE Q1 & Q2 179,9 9,8 189,7 486,3 243,2 432,9
Jun-02 173,3 9,2 182,5 569,9 285,0 467,5
Mar-02 186,6 10,3 196,9 402,8 201,4 398,3
% Change (4) (29) (5) (6) (6) (5)
Cash operating costs – R/kg Sept-02 54 437 92 208 59 262 53 181 53 181 56 053
AVE Q1 & Q2 56 184 90 685 60 753 49 724 49 724 55 105
Jun-02 58 058 90 853 61 810 43 662 43 662 52 143
Mar-02 54 250 90 557 59 656 56 914 56 914 58 320
% Change 3 (2) 2 (7) (7) (2)
7 “We D o I t B e t t e r ”
OPERATING RESULTS
ARMgold ARMgold FREEGOLD ARMgold
September quarter compared to the average Attributable
per quarter for the first two quarters Orkney Welkom Total Total to Con-
Unaudited Operations Operations Company Freegold ARMgold solidated
Cash operating costs – U$/oz Sept-02 162 275 177 159 159 167
AVE Q1 & Q2 161 260 174 143 143 158
Jun-02 176 275 187 130 130 158
Mar-02 148 247 163 155 155 159
% Change (1) (6) (1) (11) (11) (6)
Cash operating costs – R/tonne Sept-02 408 339 392 213 213 276
AVE Q1 & Q2 430 442 432 197 197 279
Jun-02 445 401 437 180 180 267
Mar-02 415 479 428 217 217 292
% Change 5 23 9 (8) (8) 1
Capital – R million Sept-02 17,4 5,4 22,8 23,6 11,8 34,6
AVE Q1 & Q2 11,4 3,7 15,1 15,9 7,9 23,0
Jun-02 15,3 4,3 19,5 14,6 7,3 26,8
Mar-02 7,4 3,1 10,6 17,1 8,6 19,2
% Change (53) (45) (51) (49) (49) (51)
Exchange rate – US$1 Sept-02 10,43 10,43 10,43 10,43 10,43 10,43
AVE Q1 & Q2 10,84 10,84 10,84 10,84 10,84 10,84
Jun-02 10,27 10,27 10,27 10,27 10,27 10,27
Mar-02 11,42 11,42 11,42 11,42 11,42 11,42
% Change (4) (4) (4) (4) (4) (4)
8
OPERATING RESULTS – CONSOLIDATED
Unaudited
Rand/Metric Quarter Quarter Quarter Variance
September quarter compared to the average ended ended Average ended Sept Qtr %
per quarter for the first two quarters March June Quarter Sept to Change
2002 2002 2002 Ave Qtr
Ore milled – tonnes `000
– underground 1 044 1 109 1 077 1 131 54 5
– surface 581 618 599 557 (42) (7)
– total 1 625 1 727 1 676 1 688 12 1
Yield – g/tonne
– underground 7,40 7,48 7,44 7,10 (0,34) (5)
– surface 0,70 0,88 0,79 0,50 (0,29) (36)
– average 5,01 5,12 5,07 4,92 (0,15) (3)
Gold produced – kg
– underground 7 728 8 299 8 014 8 026 12 0
– surface 407 542 474 281 (193) (41)
– total 8 135 8 841 8 488 8 307 (181) (2)
Gold price – R/kg 107 279 105 011 106 108 105 328 (780) (1)
Exchange rate – R/US$ 11,42 10,27 10,84 10,43 0,41 4
Total cash operating costs
– R/tonne 292 267 279 276 3 1
– R/kg 58 320 52 143 55 105 56 053 (948) (2)
Total production costs – R/kg 60 633 57 301 58 898 60 526 (1 628) (3)
Total cost of sales – R/kg 60 633 57 427 58 964 60 526 (1 562) (3)
Capital expenditure – R million 19 27 23 35 (12) (51)
Productivity
per employee – g/tec 177 202 182 194 12 7
– m2/tec 4,1 4,8 4,3 5,1 0,8 19
– tonnes/tec 35 39 36 39 3 8
9
Unaudited
Rand/Metric Quarter Quarter Quarter Variance
September quarter compared to the average ended ended Average ended Sept Qtr %
per quarter for the first two quarters March June Quarter Sept to Change
2002 2002 2002 Ave Qtr
R million R million R million R million R million
Gold revenue 872,8 928,5 900,7 874,9 (26) (3)
Cash operating costs 474,5 461,0 467,8 465,6 2 0
Cash operating income 398,3 467,5 432,9 409,3 (24) (5)
Post retirement benefits 0,0 1,1 0,6 0,0 1 100
Rehabilitation costs 0,0 13,5 6,7 2,8 4 58
Amortisation 18,8 32,1 25,4 34,4 (9) (35)
Operating income 379,5 420,8 400,2 372,1 (28) (7)
Corporate expenditure 9,0 8,9 9,0 9,5 (1) (6)
Mining income 370,5 411,8 391,2 362,6 (29) (7)
Other income/expenses – net (15,0) (4,2) (9,6) 61,8 71 (744)
Income before taxation 355,5 407,6 381,6 424,4 42 11
Taxation 125,4 155,1 140,3 149,2 (9) (6)
Income for the period 230,1 252,5 241,3 275,2 33 14
Adjustments:
– Profit on sale of mining assets – 1,1 0,5 – 0,5 0,0
Headline earnings 230,1 251,4 240,8 275,2 32 13
Earnings per share – cents
– Basis earnings 460 316 372 288 (84) (22)
– Headline earnings 460 315 371 288 (83) (22)
Dividends per share – cents
– Capitalisation issue – 0,036 – – – –
Calculated number of shares in issue
– Weighted average (million) 50,00 79,84 64,92 95,50
FINANCIAL RESULTS – CONSOLIDATED
ABRIDGED INCOME STATEMENT
“We D o I t B e t t e r ”
10
OPERATING RESULTS – CONSOLIDATED
Unaudited
Dollar/Imperial Quarter Quarter Quarter Variance
September quarter compared to the average ended ended Average ended Sept Qtr %
per quarter for the first two quarters March June Quarter Sept to Change
2002 2002 2002 Ave Qtr
Ore milled – tons `000
– underground 1 151 1 223 1 187 1 247 60 5
– surface 640 680 660 614 (46) (7)
– total 1 791 1 903 1 847 1 861 13 1
Yield – oz/t
– underground 0,216 0,218 0,217 0,207 (0,010) (5)
– surface 0,020 0,026 0,023 0,015 (0,008) (36)
– average 0,146 0,149 0,148 0,144 (0,004) (3)
Gold produced – oz`000
– underground 248 267 258 258 0 0
– surface 13 17 15 9 (6) (41)
– total 262 284 273 267 (6) (2)
Gold price – US$/oz 291 313 304 314 10 3
Exchange rate – R/US$ 11,42 10,27 10,84 10,43 0,41 4
Total cash operating costs
– $/ton 23 24 23 24 (1) (3)
– US$/oz 159 158 158 167 (9) (6)
Total production costs – US$/oz 165 174 169 180 (11) (7)
Total cost of sales – US$/oz 165 174 169 180 (11) (7)
Capital expenditure – R million 1,7 2,6 2,1 3,4 (1,2) (58)
Productivity
per employee – oz/tec 5,7 6,5 5,9 6,2 0,39 7
– ft2/tec 44,1 51,7 46,3 54,9 8,6 19
– tons/tec 38,6 43,0 39,7 43,0 3,3 8
11
Unaudited Quarter Quarter Quarter Variance
Dollar/Imperial ended ended Average ended Sept Qtr %
September quarter compared to the average March June Quarter Sept to Change
per quarter for the first two quarters 2002 2002 2002 Ave Qtr
US$ million US$ million US$ million US$ million US$ million
Gold revenue 76,4 90,4 83,1 83,9 1 1
Cash operating costs 41,6 44,9 43,1 44,6 (2) (3)
Cash operating income 34,8 45,5 40,0 39,2 (1) (2)
Post retirement benefits – 0,1 0,1 – 0 100
Rehabilitation costs – 1,3 0,6 0,3 0 57
Amortisation 1,6 3,1 2,3 3,3 (1) (41)
Operating income 33,2 41,0 37,0 35,7 (1) (4)
Corporate expenditure 0,8 0,9 0,8 0,9 (0) (10)
Mining income 32,4 40,1 36,2 34,8 (1) (4)
Other income/expenses – net (1,3) (0,4) (0,9) 5,9 7 769
Income before taxation 31,1 39,7 35,3 40,7 5 15
Taxation 11,0 15,1 12,9 14,3 (1) (11)
Income for the period 20,1 24,6 22,4 26,4 4 18
Adjustments:
– Profit on sale of mining assets – 0,1 – – –
Headline earnings 20,1 24,5 22,4 26,4 4 18
Earnings per share – US$ cents
– Basic earnings 40 31 34 28 (6) (16)
– Headline earnings 40 31 34 28 (6) (16)
Dividends per share – US$ cents
– Capitalisation issue – 0,004 – – – –
Calculated number of shares in issue
– Weighted average (million) 50,00 79,84 64,92 95,50
Exchange rate = N.Y. noon
Buying rates 11,42 10,27 10,84 10,43
FINANCIAL RESULTS – CONSOLIDATED
ABRIDGED INCOME STATEMENT
“We D o I t B e t t e r ”
12
OPERATING RESULTS – CONSOLIDATED
Unaudited Quarter Quarter Variance
FOR THE QUARTER ended ended per %
Rand/Metric June Sept Quarter Change
2002 2002
Ore milled – tonnes `000
– underground 1 109 1 131 22 2
– surface 618 557 (61) (10)
– total 1 727 1 688 (39) (2)
Yield – g/tonne
– underground 7,48 7,10 (0,39) (5)
– surface 0,88 0,50 (0,37) (42)
– average 5,12 4,92 (0,20) (4)
Gold produced – kg
– underground 8 299 8 026 (273) (3)
– surface 542 281 (261) (48)
– total 8 841 8 307 (534) (6)
Gold price – R/kg 105 011 105 328 317 0
Exchange rate – R//US$ 10,27 10,43 (0,16) (2)
Total cash operating costs
– R/tonne 267 276 (9) (3)
– R/kg 52 143 56 053 (3 910) (7)
Total production costs – R/kg 57 301 60 526 (3 225) (6)
Total cost of sales – R/kg 57 427 60 526 (3 099) (5)
Capital expenditure – R million 27 35 (8) (30)
Productivity
per employee – g/tec 202 194 (8) (4)
– m2/tec 4,8 5,1 0,3 6,3
– tonnes/tec 39 39 0 0
13
FINANCIAL RESULTS – CONSOLIDATED
ABRIDGED INCOME STATEMENT
“We D o I t B e t t e r ”
Unaudited Quarter Quarter Variance
FOR THE QUARTER ended ended per %
Rand/Metric June Sept Quarter Change
2002 2002
R million R million R million
Gold revenue 928,5 874,9 (54) (6)
Cash operating costs 461,0 465,6 (5) (1)
Cash operating income 467,5 409,3 (58) (12)
Post retirement benefits 1,1 0,0 1 100
Rehabilitation costs 13,5 2,8 11 79
Amortisation 32,1 34,4 (2) (7)
Operating income 420,8 372,1 (49) (12)
Corporate expenditure 8,9 9,5 (1) (7)
Mining income 411,8 362,6 (49) (12)
Other income/expenses – net (4,2) 61,8 66 1571
Income before taxation 407,6 424,4 17 4
Taxation 155,1 149,2 6 4
Income for the period 252,5 275,2 23 9
Adjustments:
– Profit on sale of mining assets 1,1 – 1 100
Headline earnings 251,4 275,2 24 9
Earnings per share – cents
– Basis earnings 316 288 (28) (9)
– Headline earnings 315 288 (27) (8)
Dividends per share – cents
– Capitalisation issue 0,036 – – –
Calculated number of shares in issue
– Weighted average (million) 79,84 95,50
14
OPERATING RESULTS – CONSOLIDATED
Unaudited Quarter Quarter Variance
FOR THE QUARTER ended ended per %
Dollar/Imperial June Sept Quarter Change
2002 2002
Ore milled – tons `000
– underground 1,223 1,247 23 2
– surface 680 614 (66) (10)
– total 1,903 1,861 (42) (2)
Yield – oz/t
– underground 0,218 0,207 (0,01) (5)
– surface 0,026 0,015 (0,01) (43)
– average 0,149 0,144 (0,01) (4)
Gold produced – oz`000
– underground 267 258 (9) (3)
– surface 17 9 (8) (48)
– total 284 267 (17) (6)
Gold price – US$/oz 313 314 1 0
Exchange rate – R//US$ 10,27 10,43 (0,16) (2)
Total cash operating costs
– $/ton 24 24 (0) (2)
– US$/oz 158 167 (9) (6)
Total production costs – US$/oz 174 180 (7) (4)
Total cost of sales – US$/oz 174 180 (7) (4)
Capital expenditure – R million 2,6 3,4 (1) (28)
Productivity
per employee – oz/tec 6,5 6,2 (0) (4)
– ft2/tec 51,7 54,9 3,2 6,2
– tons/tec 43,0 43,0 0 0
FINANCIAL RESULTS – CONSOLIDATED
ABRIDGED INCOME STATEMENT
Unaudited
FOR THE QUARTER Quarter Quarter Variance
Dollar/Imperial ended ended per %
June Sept Quarter Change
2002 2002
US$ million US$ million US$ million
Gold revenue 90,4 83,9 (7) (7)
Cash operating costs 44,9 44,6 0 1
Cash operating income 45,5 39,2 (6) (14)
Post retirement benefits 0,1 – 0 100
Rehabilitation costs 1,3 0,3 1 80
Amortisation 3,1 3,3 (0) (6)
Operating income 41,0 35,7 (5) (13)
Corporate expenditrue 0,9 0,9 (0) (5)
Mining income 40,1 34,8 (5) (13)
Other income/expenses – net (0,4) 5,9 6 1 549
Income before taxation 39,7 40,7 1 3
Taxation 15,1 14,3 1 5
Income for the period 24,6 26,4 2 7
Adjustments:
– Profit on sale of mining asssets 0,1 0 100
Headline earnings 24,5 26,4 2 8
Earnings per share – US$ cents
– Basic earnings 31 28 (3) (10)
–Headline earnings 31 28 (3) (10)
Dividends per share – US$ cents
º Capitalisation issue 0,004 – – –
Calculated number of shares in issue
– Weighted average (million) 79,84 95,50
Exchange rate = N.Y. noon buying rates 10,27 10,43 (0,16)


----------------------

Neben schwarzem Management hat ARM sogar mehr im 1. HJ 2002 produziert, als DROOY und ist im weltweiten Ranking der Goldproduzenten auf Platz 15 aufgestiegen.

Ist aber ein kleiner Wert, der sich nicht für Zocker eignet.
+

Gruss Mic

[svc]

Danke Mic!!!
svc