<% FROM="\InformationForInvestors\AnnualReport98\pages\summary.htm" SITE="anglogold-main" %> Summary of results

 

Summary of results ? Appropriation basis
This is just a space. Don't worry about it to much. - C.ThomasRand/Metric
Percentage
change
1998/1997 1998 1997
Gold
Underground operations
Area mined ? m2 ? 000 ?21 4 441 5 642
Tonnes milled ? 000 ? reef ?22 23 140 29 654
? waste +5 384 367
? total ?22 23 524 30 021
Yield ? g/t ? reef +14 8,23 7,23
? waste +17 1,60 1,37
? average +13 8,12 7,16
Gold produced ? kg ? reef ?11 190 456 214 432
? waste +22 615 503
? total ?11 191 071 214 935
Productivity
g/employee ? target +22 174 143
? actual +31 181 138
m2/employee ? target +19 4,41 3,71
? actual +16 4,16 3,58
Surface and dump reclamation
Tonnes treated ? 000 ?3 57 511 59 581
Yield ? g/t ? 0,30 0,30
Gold produced ? kg ?6 17 025 18 142
Open-pit operations
Tonnes mined ? 000 +32 7 527 5 714
Volume mined (bcm) ? 000 +25 3 392 2 704
Stripping ratio ? t(mined?treated)/t treated +21 1,63 1,35
Tonnes treated ? 000 +18 2 863 2 428
Yield ? g/t ? 2,54 2,53
Gold produced ? kg +19 7 281 6 141
Total
Gold produced ? kg ?10 215 377 239 218
Revenue ? R/kg sold
(excluding accelerated hedge) 		+8 57 049 52 614
? R/kg sold
(including accelerated hedge) 		+9 58 636 53 931
Cash costs ? $/oz produced ?18 229 279
? R/kg produced ?2 40 439 41 188
? R/t milled ?3 104 107
Uranium oxide
Tonnes treated ? 000 ?19 2 576 3 177
Yield ? kg/t +35 0,35 0,26
Production ? kg +9 891 000 816 444
Cost of production ? R/kg ?6 75 80
Sales ? kg ?14 1 508 794 1 749 000
Financial results (R million)
Gold ? revenue +1 12 002,9 11 911,7
? cost of sales ?8 8 886,9 9 634,6
? operating profit +37 3 116,0 2 277,1
Uranium and acid profit +18 99,0 84,2
Exploration costs +100 203,5 ?
Corporate administration costs ?10 294,6 326,2
Research and development +100 27,1 ?
Income from associates +96 220,7 112,4
Other income ? net ?26 189,6 256,0
Profit before taxation +29 3 100,1 2 403,5
Taxation +111 885,6 419,3
Profit after taxation +12 2 214,5 1 984,2
Appropriation for capital expenditure ?8 553,7 599,1
Available profit +20 1 660,8 1 385,1
space120.gif (64 bytes)
Earnings ? cents per share +20 1 697 1 416
Dividends ? cents per share +36 1 550 1 136
? R million +36 1 515,3 1 111,3
Capital expenditure ? mining direct ?9 883,1 971,2
? other +69 64,6 38,2
? recoupments +291 (402,8) (103,0)
Net capital expenditure ?40 544,9 906,4

 

Summary of results ? Appropriation basis
space120.gif (64 bytes)Dollar/Imperial
Percentage*
change
1998/1997 1998 1997
Gold
Underground operations
Area mined ? ft2 ? 000 ?21 47 802 60 730
Tons milled ? 000 ? reef ?22 25 508 32 688
? waste +5 423 404
? total ?22 25 931 33 092
Yield ? oz/t ? reef +14 0.240 0.211
? waste +17 0.047 0.040
? average +13 0.237 0.209
Gold produced ? oz ? 000 ? reef ?11 6 123 6 894
? waste +22 20 17
? total ?11 6 143 6 911
Productivity
oz/employee ? target +22 5.59 4.60
? actual +31 5.82 4.44
ft2/employee ? target +19 47.47 39.93
? actual +16 44.78 38.53
Surface and dump reclamation
Tons treated ? 000 ?3 63 395 65 677
Yield ? oz/t ? 0.009 0.009
Gold produced ? oz (000) ?6 547 583
Open-pit operations
Tons mined ? 000 +32 8 297 6 298
Volume mined (bcy) ? 000 +25 4 437 3 537
Stripping ratio ? t(mined?treated)/t treated +21 1.63 1.35
Tons treated ? 000 +18 3 156 2 676
Yield ? oz/t ? 0.074 0.074
Gold produced ? oz (000) +19 234 197
Total
Gold produced ? oz (000) ?10 6 924 7 691
Revenue ? $/oz sold
(excluding accelerated hedge) 		?14 316 368
? $/oz sold
(including accelerated hedge) 		?14 326 377
Cash costs ? $/oz produced ?18 229 279
? $/t milled ?19 17 21
Total costs ? $/oz produced ?18 265 323
Exchange rate ? Rand/dollar +20 5.49 4.59
Uranium oxide
Tons treated ? 000 ?19 2 840 3 502
Yield ? lb/t +35 0.69 0.51
Production ? lb +9 1 964 320 1 799 952
Cost of production ? $/lb ?23 6.33 8.18
Sales ? lb ?14 3 326 323 3 855 887
Financial results ($ million)
Gold ? revenue ?16 2 184.6 2 593.5
? cost of sales ?23 1 624.9 2 097.3
? operating profit +13 559.7 496.2
Uranium and acid profit ? 17.9 17.9
Exploration costs +100 36.8 ?
Corporate administration costs ?23 53.3 69.5
Research and development +100 4.7 ?
Income from associates +69 40.3 23.9
Other income ? net ?55 27.3 61.0
Profit before taxation +4 550.4 529.5
Taxation +75 159.1 91.1
Profit after taxation ?11 391.3 438.4
Appropriation for capital expenditure ?22 101.6 130.3
Available profit ?6 289.7 308.1
Earnings ? cents per share ?6 296 315
Dividends ? cents per share +9 263 241
? $ million +9 256.6 236.1
Capital expenditure ? mining direct ?23 160.4 209.1
? other +37 11.5 8.4
? recoupments +225 (73.2) (22.5)
Net capital expenditure ?49 98.7 195.0
* Excludes exchange fluctuations

 

Summary of results ? Amortisation basis
space120.gif (64 bytes)Dollar/Imperial
Percentage*
change
1998/1997 1998 1997
Gold
Underground operations
Area mined ? ft2 ? 000 ?21 47 802 60 730
Tons milled ? 000 ? reef ?22 25 508 32 688
? waste +5 423 404
? total ?22 25 931 33 092
Yield ? oz/t ? reef +14 0.240 0.211
? waste +17 0.047 0.040
? average +13 0.237 0.209
Gold produced ? oz ? 000 ? reef ?11 6 123 6 894
? waste +22 20 17
? total ?11 6 143 6 911
Productivity
oz/employee ? target +22 5.59 4.60
? actual +31 5.82 4.44
ft2/employee ? target +19 47.47 39.93
? actual +16 44.78 38.53
Surface and dump reclamation
Tons treated ? 000 ?3 63 395 65 677
Yield ? oz/t ? 0.009 0.009
Gold produced ? oz (000) ?6 547 583
Open-pit operations
Tons mined ? 000 +32 8 297 6 298
Volume mined (bcy) ? 000 +25 4 437 3 537
Stripping ratio ? t(mined?treated)/t treated +21 1.63 1.35
Tons treated ? 000 +18 3 156 2 676
Yield ? oz/t ? 0.074 0.074
Gold produced ? oz (000) +19 234 197
Total
Gold produced ? oz (000) ?10 6 924 7 691
Revenue ? $/oz sold
(excluding accelerated hedge) 		?5 316 334
? $/oz sold
(including accelerated hedge) 		?5 326 342
Cash costs ? $/oz produced ?18 229 279
? $/t milled ?19 17 21
Total costs ? $/oz produced ?18 265 323
Uranium oxide
Tons treated ? 000 ?19 2 840 3 502
Yield ? lb/t +35 0.69 0.51
Production ? lb +9 1 964 320 1 799 952
Cost of production ? $/lb ?23 6.33 8.18
Sales ? lb ?14 3 326 323 3 855 887
Financial results ($ million)
Gold ? revenue ?16 2 184.6 2 593.5
? cost of sales ?29 1 768.4 2 476.5
? operating profit +256 416.2 117.0
Uranium and acid profit

?

 17.9 17.9
Exploration costs +100 36.8 ?
Corporate administration costs ?23 53.3 69.5
Research and development

+100

 4.7 ?
Income from associates

+42

 68.4 48.2
Other income ? net ?46 36.6 67.7
Profit before taxation +145 444.3 181.3
Taxation ?1 019 126.8 (13.8)
Transfer to non-distributable reserve ?100 ? 15.9
Net earnings +77 317.5 179.2
Earnings ? cents per share +77 324 183
Dividends ? cents per share +9 263 241
? $ million +9 256.6 236.1
Capital expenditure ? mining direct ?23 160.4 209.1
? other +37 11.5 8.4
? recoupments +225 (73.2) (22.5)
Net capital expenditure ?49 98.7 195.0
* Excludes exchange fluctuations

 

Summary of results ? Amortisation basis
space120.gif (64 bytes)Rand/Metric
Percentage
change
1998/1997 1998 1997
Gold
Underground operations
Area mined ? m2 ? 000 ?21 4 441 5 642
Tonnes milled ? 000 ? reef ?22 23 140 29 654
? waste +5 384 367
? total ?22 23 524 30 021
Yield ? g/t ? reef +14 8,23 7,23
? waste +17 1,60 1,37
? average +13 8,12 7,16
Gold produced ? kg ? reef ?11 190 456 214 432
? waste +22 615 503
? total ?11 191 071 214 935
Productivity
g/employee ? target +22 174 143
? actual +31 181 138
m2/employee ? target +19 4,41 3,71
? actual +16 4,16 3,58
Surface and dump reclamation
Tonnes treated ? 000 ?3 57 511 59 581
Yield ? g/t ? 0,30 0,30
Gold produced ? kg ?6 17 025 18 142
Open-pit operations
Tonnes mined ? 000 +32 7 527 5 714
Volume mined (bcm) ? 000 +25 3 392 2 704
Stripping ratio ? t(mined?treated)/t treated +21 1,63 1,35
Tonnes treated ? 000 +18 2 863 2 428
Yield ? g/t ? 2,54 2,53
Gold produced ? kg +19 7 281 6 141
Total
Gold produced ? kg ?10 215 377 239 218
Revenue ? R/kg sold
(excluding accelerated hedge) 		+16 57 049 49 341
? R/kg sold
(including accelerated hedge) 		+16 58 636 50 576
Cash costs ? $/oz produced ?18 229 279
? R/kg produced ?2 40 439 41 188
? R/t milled ?3 104 107
Total costs ? R/kg ?2 46 844 47 667
Uranium oxide
Tonnes treated ? 000 ?19 2 576 3 177
Yield ? kg/t +35 0,35 0,26
Production ? kg +9 891 000 816 444
Cost of production ? R/kg ?6 75 80
Sales ? kg ?14 1 508 794 1 749 000
Financial results (R million)
Gold ? revenue +1 12 002,9 11 911,7
? cost of sales ?15 9 687,8 11 387,0
? operating profit +341 2 315,1 524,7
Uranium and acid profit +18 99,0 84,2
Exploration costs +100 203,5 ?
Corporate administration costs ?10 294,6 326,2
Research and development +100 27,1 ?
Income from associates +63 363,7 222,5
Other income ? net ?53 151,4 318,7
Profit before taxation +192 2 404,0 823,9
Taxation +1 156 693,5 (65,7)
Transfer to non-distributable reserve ?100 ? 74,7
Net earnings +110 1 710,5 814,9
Earnings ? cents per share +110 1 748 833
Dividends ? cents per share +36 1 550 1 136
? R million +36 1 515,3 1 111,3
Capital expenditure ? mining direct ?9 883,1 971,2
? other +69 64,6 38,2
? recoupments +291 (402,8) (103,0)
Net capital expenditure ?40 544,9 906,4

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