Five Year Summary
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5 Year Summary for the year ended 30 June 2017 |
for the year ended 30 June 2017
Five Year Summary
| Yearly Summary (A$ ‘000) | 2013 | 2014 | 2015 | 2016 | *2017 |
| PRODUCTION – Chatree | (12 Months) | (12 Months) | (12 Months) | (12 Months) | (6 Months till 31/12/16) |
| Ore mined (‘000 bank cubic metres) | 2,709 | 2,378 | 1,831 | 1,208 | 992 |
| Waste mined (‘000 bank cubic metres) | 3,521 | 2,193 | 1,133 | 2,965 | 876 |
| Waste to ore ratio | 1.3 | 0.9 | 0.6 | 2.5 | 0.9 |
| Ore mined (‘000 tonnes) | 7,051 | 6,176 | 4,768 | 3,168 | 2,589 |
| Ore treated (‘000 tonnes) | 5,699 | 6,235 | 5,283 | 5,515 | 2,773 |
| Head grade – Gold grams/tonne | 0.9 | 0.9 | 0.9 | 0.7 | 1.2 |
| Head grade – Silver grams/tonne | 11.9 | 12.9 | 13.1 | 11.5 | 22.2 |
| Gold recovery (%) | 79.9 | 79.4 | 79.3 | 79.8 | 83.8 |
| Gold poured (ounces) | 133,681 | 134,546 | 125,094 | 97,510 | 89,875 |
| Silver poured (ounces) | 1,000,569 | 992,255 | 850,003 | 675,579 | 808,100 |
| PRODUCTION – Challenger | (12 Months) | (12 Months) | (12 Months) | (8.5 Months) | N/A |
| Ore mined (‘000 tonnes) | 502 | 500 | 509 | 518 | – |
| Ore treated (‘000 tonnes) | 557 | 506 | 515 | 386 | – |
| Head grade – Gold grams/tonne | 3.9 | 4.8 | 5.0 | 4.0 | – |
| Gold recovery (%) | 94.5 | 96.1 | 96.7 | 96.0 | – |
| Gold poured (ounces) | 66,216 | 74,954 | 80,151 | 48,992 | – |
| PROFIT & LOSS (A$’000) | |||||
| Sales revenue | 329,282 | 328,326 | 313,162 | 253,328 | 176,119 |
| Operating expenses | (192,538) | (244,366) | (225,175) | (196,244) | (97,925) |
| Administration expenses | (15,516) | (15,304) | (13,825) | (14,372) | (11,964) |
| Other (expenses)/income | (24,804) | (4,449) | (4,704) | (2,848) | (3,188) |
| EBITDA | 96,424 | 64,207 | 69,458 | 39,864 | 63,042 |
| Impairment losses | (332,808) | (86,698) | (148,181) | (210,969) | – |
| Depreciation & amortisation | (90,965) | (58,986) | (53,950) | (46,177) | (51,307) |
| EBIT | (327,349) | (81,477) | (132,673) | (217,282) | 11,735 |
| Net finance (costs)/income | (16,222) | (13,250) | (14,319) | (12,129) | (3,631) |
| Profit/(loss) before income tax | (343,571) | (94,727) | (146,992) | (229,411) | 8,104 |
| Income tax (expense)/benefit | 16,504 | (2,886) | (651) | (40) | (1,016) |
| Net profit/(loss) after income tax | (327,067) | (97,613) | (147,643) | (229,451) | 7,088 |
| Non-controlling interests | – | – | – | – | – |
| Net profit/(loss) attributable to owners of Kingsgate Consolidated Limited | (327,067) | (97,613) | (147,643) | (229,451) | 7,088 |
| BALANCE SHEET (A$’000) | |||||
| Current assets – cash and cash equivalent | 30,494 | 53,632 | 55,472 | 36,314 | 22,007 |
| Current assets – other | 99,087 | 82,170 | 75,905 | 56,796 | 6,544 |
| Non-current assets | 628,870 | 505,293 | 413,633 | 159,395 | 105,750 |
| Total assets | 758,451 | 641,095 | 545,010 | 252,505 | 134,301 |
| Liabilities – borrowings | 199,758 | 153,632 | 142,623 | 98,097 | 11,571 |
| Liabilities – other | 95,594 | 76,790 | 77,754 | 62,044 | 21,870 |
| Total liabilities | 295,352 | 230,422 | 220,377 | 160,141 | 33,441 |
| Shareholders’ equity | 463,099 | 410,673 | 324,633 | 92,364 | 100,860 |
| OTHER INFORMATION | |||||
| Average gold price received (US$/ounce) | 1,588 | 1,291 | 1,208 | 1,135 | 1,250 |
| Cash cost (US$/ounce) | 869 | 936 | 833 | 851 | 549 |
| Total cost (US$/ounce) | 1,311 | 1,167 | 1,023 | 1,085 | 975 |
| Operating cashflow (A$’000) | 92,734 | 38,608 | 76,646 | 46,493 | 56,952 |
| Dividends paid (Cash & DRP) (A$’000) | 22,738 | – | – | – | – |
| Number of ordinary shares (‘000) | 152,192 | 223,585 | 223,585 | 223,585 | 223,585 |
| Basic earnings per share (A$ Cents) | (215.0) | (56.7) | (66.0) | (102.6) | 3.2 |
| Dividends per share declared for the year (A$ Cents) | 5.0 | – | – | – | – |
* The Thai Government announced on 10 May 2016, that Chatree must cease operations by 31 December 2016. Akara Resources Public Company Limited (“Akara”) a subsidiary of Kingsgate Consolidated Limited ceased operating at Chatree on 31 December 2016 in accordance with the closure orders. As a result, Chatree was placed on Care and Maintenance effective 1 January 2017.