Slide 1: Results for the fourth quarter and the year 2000
Results for the Results for the fourth quarter and the year 2000 fourth quarter and the year 2000 The fourth quarter in review z Good performance despite reduced SA operating shifts z Production up 2% z Operating profit up 9% z Headline earnings up 1% to R430 million z Higher operating profit offset
Slide 2: Overview of 2000
Overview of 2000 z Operating profit up 6% to R3.27 billion z Gold production up 5% to 7.24 million oz z Growth and diversification projects z Morila comes on stream at $88/oz z Geita deal complete and project on track z Australian and African projects will contribute 20 million oz at $175/oz over ne
Slide 3: Q4 - South African operations
Q4 - South African operations z Headline earnings up 1% despite reduced number of shifts z Increase in operating profit by 3% to R525 million despite reduced gold production of 4% to 41,098 kg (1.32 million ounces) z Good performances by Great Noligwa, Kopanang, Tau Lekoa and Savuka z Bambanani and
Slide 4: Q4 – the rest of the world; 2001 and beyond: The challenges
Q4 – the rest of the world z North America z Gold production up 23% with Cortez Ore z Increasing costs are a concern z South America z Gold production up 14% at 122,000 oz z Operating profit up 18% 2001 and beyond: The challenges z Improvement in operating performance in SA z Focus on Bambanani and
Slide 5: The gold market in review
The gold market in review z Gold price stable over the quarter, in range between $275 and $265/oz z Currency markets more active than gold with rand falling to R8.00 in the face of speculation z Average rand price of gold for the quarter was R65,759, up 6% on previous quarter z Commentators see gold