Operational Highlights
Q2 gold production of 178,206 ounces, 8% higher than Q2 2013, with gold sales of 171,563 ounces
Q2 AISC1,2 of US$1,105 per ounce sold, 21% lower than Q2 2013, with cash costs1,2 of US$749 per ounce
H1 gold production of 346,581 ounces with gold sales of 330,947 ounces, 13% and 5% respectively, higher than H1 2013
H1 AISC1,2 of US$1,118 per ounce sold and cash costs1,2 of US$752, respectively down 25% and 14% on H1 2013
First ounces produced from the Bulyanhulu CIL Expansion project, with final commissioning due to complete in Q3 2014
Bulyanhulu Upper East and North Mara Underground projects progressing well and on schedule
Continued strong results from the West Kenya Exploration Project
Financial Highlights
Cash position increased during Q2 2014 by US$16 million to stand at US$270 million as at 30 June 2014
H1 revenue of US$446 million, 9% below H1 2013, as the impact of a lower average realised gold price more than offset increased sales volumes
H1 EBITDA1,3 of US$132 million, 1% higher than H1 2013, due to lower cash costs
H1 net earnings1,3 of US$41 million (US10.0 cents per share) impacted by a higher non cash tax charge during Q2 2014
H1 operational cash flow increased to US$127 million (28% higher than H1 2013)
H1 capital expenditure of US$115 million, 45% lower than H1 2013 due to revised mine plans and stringent capital controls
Interim dividend of US1.4 cents per share declared, based on a new cash flow based metric
