Quarterly Report 30 September 2005
LSE: RRS NASDAQ: GOLD

Quarterly Report 30 September 2005

CONSOLIDATED INCOME STATEMENT

  Unaudited Unaudited Unaudited Unaudited Unaudited
  quarter quarter quarter 9 months 9 months
  ended ended ended ended ended
  30 Sept 30 June 30 Sept 30 Sept 30 Sept
US$000 2005 2005 2004 2005 2004
           
Gold sales revenue 31 000 27 963 12 181 90 949 39 655
Cost of sales          
Production costs 9 341 6 953 9 474 27 132 26 485
Transport and refinery costs 68 62 42 198 140
Transfer from/(to) deferred stripping costs 2 374 2 664 (1 522) 5 247 (4 490)
Cash operating costs* 11 783 9 679 7 994 32 577 22 135
Royalties 2 158 1 959 863 6 279 2 805
Total cash costs* 13 941 11 638 8 857 38 856 24 940
Profit from mining activity* 17 059 16 325 3 324 52 093 14 715
Depreciation and amortisation 2 275 2 307 2 160 7 177 6 867
Exploration and corporate expenditure 4 993 4 558 3 603 15 087 10 790
Profit/(loss) from operations* 9 791 9 460 (2 439) 29 829 (2 942)
Interest received 308 364 242 997 764
Interest expense (219) (300) (354) (864) (1 274)
Profit/(loss) on financial instruments 54 - -347 54 1 750
Profit on sale of Syama - - - - 7 070
Other (expenses) and income (149) (1 577) 533 124 (926)
Share-based payments § (566) (825) (487) (1 679) (834)
Profit/(loss) on ordinary activities before taxes and minority interests 9 219 7 122 (2 852) 28 461 3 608
Income tax - - - - -
Minority shareholders' interest - - - - -
Net profit/(loss) 9 219 7 122 (2 852) 28 461 3 608
Basic earnings per share (US$) 0.15 0.12 (0.05) § 0.48 0.06 §
Fully diluted earnings per share (US$) 0.15 0.11 (0.05) § 0.46 0.06 §
Average shares in issue (000) 59 723 59 481 58 810 59 578 58 752
The results have been prepared in accordance with International Financial Reporting Standards (IFRS).

* Refer to non-GAAP measures on page 3.
§ Reflects adoption of IFRS 2 : Share-based payment.
 




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