Corporate Overview

highlights

Operations

  • Yielded in excess of 300,000 ounces of gold at a cash cost of
    A$714 per ounce
  • Syama Mine in Mali ramp up underway
  • Closure of Sarsfield Open Pit and increasing production from
    the Mt Wright underground mine at Ravenswood

Financial

  • Strong underlying Operating Profit after tax of A$30.7m
  • Improved Operating cashflow of A$66m
  • Net investing cash outflows of A$171m, predominantly Syama
  • Finance facility repayments totalling A$27.6m

Corporate

  • Convertible Note and Share issues raise A$89m
  • Hedge book significantly reduced and debt restructured

Development

  • Re-development of the Syama project in Mali completed
  • Taba koroni Resource improved substantially
  • Feasibility study commenced on Syama free milling ore

Exploration

  • The exploration at Tellem, Drag Queen and Senufo around
    Syama in Mali very positive with excellent results
  • In Tanzania, drilling at Kavsav has defined a large low
    grade resource within 7km of the Golden Pride Mine