2006 Highlights
- Profit before tax up 54%; net profit of US$51 million also up despite first full-year tax charge of US$23 million
- Loulo mine delivers robust results in first full year of production; work starts on Yalea underground development and planning updated on Gara
- Morila maintains its record as a solid cash generator
- Tongon moves into the bankable feasibility study phase
- Exploration expands reserves and resources in Mali and delivers promising results from Burkina Faso.
| US$000 |
31 Dec
2006 |
31
Dec
2005
(Restated) ~ |
Gold sales# |
262 717 |
151 502 |
Total cash costs* |
132 540 | 65 939~ |
| Profit from mining activity* | 130 177 |
85 563~ |
| Profit before income tax | 73 973 |
48 026~ |
| Net profit | 50 876 |
47 856~ |
| Net profit (as previously reported) | n/a |
40 887 |
| Net profit attributable to equity shareholders | 47 564 |
45 507~ |
| Net cash generated from operations | 70 410 |
29 736 |
| Cash and cash equivalents | 143 356 |
152 452 |
| Attributable production§ (oz) | 448 242 |
328 428 |
| Group total cash costs per ounce* § (US$) | 296 |
201~ |
| Group cash operating costs per ounce* § (US$) | 258 |
169~ |
# Gold sales does not include the non-cash profit/(loss) on the roll forward
of hedges.
* Refer to explanation of non-GAAP measures provided in note 23.
§ Randgold Resources consolidates 100% of Loulo and 40% of Morila.
~ Restated due to change in accounting policy relating to stripping costs.
See note 6 on change in accounting policy.
n/a Not applicable.