Operational Highlights
- Q2 gold production of 185,641 ounces, 4% higher than Q2 2014, with gold sales of 184,055 ounces
- Q2 AISC of US$1,149 per ounce sold, 4% higher than Q2 2014
- Q2 cash costs of US$777 per ounce sold, 4% higher than Q2 2014
- H1 gold production of 367,301 ounces, 6% higher than H1 2014, with gold sales of 355,470 ounces
- H1 AISC of US$1,133 per ounce sold, and cash costs of US$780, respectively 1% and 4% higher than H1 2014
- Commenced production from Gokona Underground in Q2 2015, ahead of schedule
- Exploration agreement in Western Mali covering 150 square kilometres of prospective ground; expanded footprint in the Houndé belt in Burkina Faso to over 2,400 square kilometres
Financial Highlights
- H1 revenue of US$447 million in line with H1 2014, as increased ounces sold offset the lower gold price
- H1 EBITDA1,2 of US$97 million, 26% below H1 2014, impacted by non-cash net foreign exchange revaluation charges of US$15 million, non-cash share-based payment costs of US$8 million and increased cash costs
- H1 net earnings2 of US$15 million (US3.6 cents per share)
- Operational cash flow of US$107 million, a 16% decrease from H1 2014
- Capital expenditure of US$83 million, 28% lower than H1 2014
- Cash position increased during Q2 2015 by US$1 million after payment of the final 2014 dividend of US$12 million, to stand at US$287 million as at 30 June 2015
- Interim dividend of US1.4 cents per share declared, in line with 2014
