The company's Ergo and Far West Gold Recoveries operations were temporarily halted towards the end of the March quarter due to the national lockdown.
While throughput was 4% down at 6 560 000t and yield 9% down at 0.205g/t, resulting in a 13% decline in gold production to 1 346kg, gold sales were just 3% lower at 1 462kg due to the company selling down inventory in anticipation of the lockdown.
Although the cash operating cost per kg sold rose by 6% to R489 193, the cash operating cost per ton milled was stable at R101.
All-in sustaining cost and all-in cost were both higher at R577 633/kg and R588 235/kg due mainly to an increase in capital expenditure.
Cash and cash equivalents increased by R1 291.0 million to R1 834.4 million, reflecting free cashflow from operations of R422.8 million and proceeds of R1 085.6 million from
An interim dividend to shareholders totalling R213.6 million was paid during the quarter.
External borrowings remained at zero.
While production guidance initially provided for the year to
The information contained in this release does not constitute an earnings forecast. The financial information provided is the responsibility of the directors of
Contact:
Tel: +27 (0) 11 880 3924
Email: james@rasc.co.za
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