Key features 2005 (PDF - 190 KB)

Key features 2005

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Key features - Financial

• 2005 average dollar gold spot price of $445 per ounce, 9% higher than 2004.
• 2005 received gold price increased by 11% to $439 per ounce.
• Adjusted gross profit up by 6% to $469 million.
• Capital expenditure up by 23% to $722 million.
• Adjusted headline earnings down by 26% to $200 million.
• Total dividend for the year of R2.32 per share, or $0.36 per ADS.

Key features - Operational

• Gold production up 6% to 6.2 million ounces reflecting the inclusion of the full year's production from the former Ashanti mines.
• Total cash costs rose 6% to $281 per ounce mainly due to inflation and strong operating currencies.
• Ore Reserves down 20% to 63 million ounces and Mineral Resources 19% lower at 176 million ounces as at the end of December 2005.