Headline earnings per share of between
The expected increase in earnings per share and headline earnings per share are due mainly to a R858.9 million (69%) increase in revenue to R2 111.4 million (2018: R1 252.5 million).
Ergo's revenue increased by R356.6 million to R1 589.6 million (2018: R1 233.0 million) due to a 3% increase in gold sold and a 26% higher average Rand gold price received, while that of Far West Gold Recoveries (FWGR) increased by R502.3 million to R521.8 million (2018: R19.5 million) due to the current reporting period being the first period of full production.
Cash operating costs rose by R208.5 million (18%) to R1 377.3 million (2018: R1 168.8 million), due largely to the inclusion of the cash operating costs of FWGR, amounting to R177.2 million.
The information contained in this announcement does not constitute an earnings forecast. The financial information provided is the responsibility of the directors of
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