- Proven ability to discover multi-million ounce gold deposits and convert them into profitable mines
- Substantial pipeline of future prospects - production estimated to increase 50% by 2011
- Cost profile being driven down by higher anticipated grades and volumes
- Superior historic and prospective reserve growth per share
- Strong balance sheet to support funding of new developments
- Conservative business plan modelled on US$700/oz gold price
- West African hub provides operational leverage through shared infrastructure
- DRC entry extends presence into prospective new goldfield
- Pure gold focus with undiluted exposure to gold price upside
What we achieved
- Profit up by 79% year-on-year and dividend up 30%
- Cash in hand increased to US$590 million after successful equity placement; no net debt
- Group production up 14% on the back of Loulo output record
- Tongon project on track for Q4 2010 production
- Massawa prefeasibility delivered 1.5Moz of reserves; more upside potential
- Gounkoto discovered - high grade deposit with underground potential
- Group attributable reserves increased by 75%
- Moto acquisition completed and Kibali stake upped to 45%
- Kibali reserves increased by 67% to 9.2Moz
- Morila successfully transitioned - strong cashflow generated
What we're working on
- Ramp up Loulo production to plus 400 000 oz in 2010
- Advance Gara underground development for first ore by year end
- Complete and commission Tongon to start production in Q4 2010
- Complete Gounkoto and Massawa feasibility studies
- Progress Kibali for first production in 2014
- Continue to build resource base and prospect pipeline
