Randgold Resources > Operations > Tongon Gold Mine > Tongon Gold Mine Update
| TONGON RESULTS | Quarter | Quarter | Quarter | 12 months | 12 months |
| ended | ended | ended | ended | ended | |
| 31 Dec | 30 Sept | 31 Dec | 31 Dec | 31 Dec | |
| 2011 | 2011 | 2010 | 2011 | 2010 | |
| Mining | |||||
| Tonnes mined (000) | 4 677 | 2 933 | 3 143 | 17 353 | 7 520 |
| Ore tonnes mined (000) | 989 | 607 | 415 | 3 469 | 898 |
| Milling | |||||
| Tonnes processed (000) | 606 | 755 | 355 | 2 963 | 355 |
| Head grade milled (g/t) | 2.7 | 3.2 | 2.7 | 2.9 | 2.7 |
| Recovery (%) | 85.1 | 90.9 | 92.2 | 91.2 | 92.2 |
| Ounces produced | 44 332 | 70 910 | 28 126 | 250 390 | 28 126 |
| Ounces sold | 45 864 | 68 154 | 4 698 | 271 922 | 4 698 |
| Average price received (US$/oz) | 1 655 | 1 730 | 1 389 | 1 563 | 1 389 |
| Cash operating costs* (US$/oz) | 730 | 585 | 418 | 510 | 418 |
| Total cash costs* (US$/oz) | 780 | 637 | 459 | 557 | 459 |
| Gold on hand at period end# (US$000) | 2 749 | 5 570 | 33 039 | 2 749 | 33 039 |
| Gold sales* (US$000) | 75 912 | 117 884 | 6 527 | 425 060 | 6 527 |
| Profit from mining activity* (US$000) | 40 154 | 74 500 | 4 369 | 273 686 | 4 369 |
| Randgold owns 89% of Tongon with the State of Côte d’Ivoire and outside shareholders owning 10% and 1% respectively. Randgold has funded all the investments in Tongon by way of shareholder loans and therefore controls 100% of the cash flows from Tongon until the shareholder loans are repaid. Randgold consolidates 100% of Tongon and shows the non-controlling interest separately. |
| * |
Refer to explanation of non-GAAP measures provided.
|
| # | Gold on hand represents gold in doré at the mines multiplied by the prevailing spot gold price at the end of the period. |