First Half Highlights
ABG reports adjusted net earnings of US$39.3 million (US9.6 cents per share), after one-off adjustments of US$741 million, primarily due to non-cash impairment charges of US$727 million, post tax related to Buzwagi (US$543 million), North Mara (US$128 million), Tulawaka (US$17 million) and Nyanzaga (US$39 million). The net loss amounted to US$701.2 million (a loss of US171.0 cents per share) and operational cash flow was US$99.0 million.
Other significant highlights include:
H1 gold production of 311,838 ounces and cash costs of US$903 per ounce sold (US$876 excluding Tulawaka)
Q2 gold production of 165,733 ounces and cash costs of US$879 per ounce sold (US$862 excluding Tulawaka)
Revenue of US$499.8 million and adjusted EBITDA of US$139.9 million
H1 all-in sustaining costs of US$1,507 per ounce sold (US$1,483 excluding Tulawaka)
Cash balance of US$321 million as at 30 June 2013
Targeted annual cost savings of US$185 million identified through the Operational Review
Bulyanhulu CIL Expansion project remains on track for first production in Q1 2014
Proposed interim dividend of US 1.0 cent per share
