Ten Year Summary
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10 Year Summary for the year ended 30 June 2014 |
for the year ended 30 June 2014
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PRODUCTION – Chatree | ||||||||||
| Ore mined (‘000 bank cubic metres) | 2,378 | 2,709 | 1,947 | 2,352 | 2,699 | 1,674 | 375 | 546 | 734 | 588 |
| Waste mined (‘000 bank cubic metres) | 2,193 | 3,521 | 6,259 | 6,128 | 6,432 | 4,069 | 2,507 | 4,390 | 5,121 | 4,915 |
| Waste to ore ratio | 0.9 | 1.3 | 3.2 | 2.6 | 2.4 | 2.4 | 6.7 | 8 | 7 | 8.4 |
| Ore mined (‘000 tonnes) | 6,176 | 7,051 | 4,986 | 5,301 | 6,583 | 3,874 | 977 | 1,523 | 1,951 | 1,521 |
| Ore treated (‘000 tonnes) | 6,235 | 5,699 | 5,116 | 2,533 | 2,705 | 1,878 | 2,474 | 2,405 | 2,000 | 1,829 |
| Head grade – Gold grams/tonne | 0.9 | 0.9 | 0.9 | 1.1 | 1.7 | 1.7 | 1.1 | 1.2 | 2.4 | 2.4 |
| Head grade – Silver grams/tonne | 12.9 | 11.9 | 11.6 | 15.7 | 14.9 | 15.8 | 6.8 | 9.2 | 14.5 | 13.0 |
| Gold recovery (%) | 79.4% | 79.9% | 84.4% | 87.2% | 90.4% | 91.2% | 88.4% | 90.0% | 90.1% | 90.8% |
| Gold poured (ounces) | 134,546 | 133,681 | 121,372 | 76,248 | 132,628 | 93,002 | 74,137 | 85,994 | 140,071 | 126,550 |
| Silver poured (ounces) | 992,255 | 1,000,569 | 918,314 | 549,699 | 549,522 | 293,472 | 232,039 | 290,897 | 459,702 | 353,275 |
| PRODUCTION – Challenger | (5 mths) | |||||||||
| Ore mined (‘000 tonnes) | 500 | 502 | 607 | 232 | ||||||
| Ore treated (‘000 tonnes) | 506 | 557 | 645 | 289 | ||||||
| Head grade – Gold grams/tonne | 4.8 | 3.9 | 4.6 | 4.3 | ||||||
| Gold recovery (%) | 96.10% | 94.50% | 92.40% | 92.20% | ||||||
| Gold poured (ounces) | 74,954 | 66,216 | 87,388 | 36,886 | ||||||
| Silver poured (ounces) | 2,677 | 3,466 | 4,971 | 2,581 | ||||||
| PROFIT & LOSS (A$’000) | ||||||||||
| Sales revenue | 328,326 | 329,282 | 357,372 | 172,356 | 175,480 | 113,015 | 74,285 | 52,044 | 72,782 | 64,299 |
| Operating expenses | -244,289 | -192,331 | -171,505 | -86,147 | -74,305 | -65,599 | -55,743 | -64,908 | -47,761 | -47,366 |
| Administration expenses | -15,304 | -15,515 | -12,737 | -11,304 | -3,615 | -4,595 | -4,065 | -2,264 | -1,158 | -1,404 |
| Other (expenses)/income | -4,449 | -24,804 | -6,398 | -28,424 | 618 | 3,509 | 46,653 | 10,413 | 1,361 | 2,471 |
| EBITDA | 64,284 | 96,632 | 166,732 | 46,481 | 98,178 | 46,330 | 61,130 | -4,715 | 25,224 | 18,000 |
| Impairment losses | -86,698 | -332,808 | – | – | – | – | – | – | – | – |
| Depreciation & amortisation | -57,741 | -90,377 | -67,553 | -27,772 | -14,004 | -11,575 | -9,284 | -8,446 | -7,805 | -8,720 |
| EBIT | -80,155 | -326,553 | 99,179 | 18,709 | 84,174 | 34,755 | 51,846 | -13,161 | 17,419 | 9,280 |
| Net finance (costs)/income | -13,250 | -16,222 | -7,902 | -922 | -1,823 | -1,698 | -3,974 | -2,544 | -757 | -889 |
| Profit/(loss) before income tax | -93,405 | -342,775 | 91,277 | 17,787 | 82,351 | 33,057 | 47,872 | -15,705 | 16,662 | 8,391 |
| Income tax (expense)/benefit | -2,886 | 16,504 | -16,271 | 3,092 | -9,285 | -535 | -11,675 | 3,115 | – | – |
| Net profit/(loss) after income tax | -96,291 | -326,271 | 75,006 | 20,879 | 73,066 | 32,522 | 36,197 | -12,590 | 16,662 | 8,391 |
| Non–controlling interests | – | – | 153 | 269 | – | – | – | – | – | – |
| Net profit attributable to owners of Kingsgate Consolidated Limited | -96,291 | -326,271 | 75,159 | 21,148 | 73,066 | 32,522 | 36,197 | -12,590 | 16,662 | 8,391 |
| BALANCE SHEET (A$’000) | ||||||||||
| Current assets – cash | 53,632 | 30,494 | 87,031 | 35,864 | 49,098 | 29,680 | 40,226 | 5,148 | 10,391 | 32,119 |
| Current assets – other | 87,878 | 103,660 | 97,817 | 70,280 | 54,203 | 27,848 | 16,397 | 13,756 | 10,805 | 12,162 |
| Non–current assets | 501,669 | 625,172 | 856,313 | 688,919 | 265,774 | 217,445 | 146,626 | 206,082 | 143,401 | 91,727 |
| Total assets | 643,179 | 759,326 | 1,041,161 | 795,063 | 369,075 | 274,973 | 203,249 | 224,986 | 164,597 | 136,008 |
| Total borrowings | 153,632 | 199,758 | 157,544 | 99,896 | 11,064 | 2,144 | 1,599 | 21,220 | – | – |
| Other liabilities | 76,790 | 95,594 | 115,102 | 88,243 | 41,968 | 27,789 | 20,637 | 19,532 | 36,589 | 14,779 |
| Total liabilities | 230,422 | 295,352 | 272,646 | 188,139 | 53,032 | 29,933 | 22,236 | 40,752 | 36,589 | 14,779 |
| Shareholders’ equity | 412,757 | 463,974 | 768,515 | 606,924 | 316,043 | 245,040 | 181,013 | 184,234 | 128,008 | 121,229 |
| Non–controlling interests | – | – | – | 7,109 | – | – | – | – | – | – |
| Equity attributable to equity holders of Kingsgate Consolidated Limited | 412,757 | 463,974 | 768,515 | 599,815 | 316,043 | 245,040 | 181,013 | 184,234 | 128,008 | 121,229 |
| OTHER INFORMATION | ||||||||||
| Average realised gold price on physical deliveries (US$/ounce) | 1,291 | 1,588 | 1,663 | 1,386 | 1,091 | 904 | 824 | 417 | 355 | 401 |
| Cash cost (US$/ounce) | 936 | 874 | 721 | 638 | 335 | 400 | 457 | 440 | 206 | 212 |
| Total cost (US$/ounce) | 1,167 | 1,318 | 1,028 | 813 | 408 | 487 | 556 | 524 | 247 | 262 |
| Operating cash flow (A$’000) | 37,163 | 88,785 | 165,247 | 34,026 | 46,468 | 18,058 | 18,657 | -19,888 | 21,889 | 22,184 |
| Dividends paid (Cash & DRP) (A$’000) | – | 22,738 | 22,025 | 33,647 | 29,082 | – | – | 4,513 | 8,669 | 11,973 |
| Number of issued shares (‘000) – Ordinary | 223,585 | 152,192 | 151,264 | 135,275 | 99,996 | 96,136 | 92,680 | 92,680 | 88,592 | 85,949 |
| Basic earnings per share (A$ Cents) | -55.9 | -215.0 | 52.5 | 18.7 | 75.2 | 34.9 | 51.7 | -17.3 | 19.3 | 9.8 |
| Dividends per share (A$ Cents) | – | 5.0 | 20.0 | 15.0 | 35.0 | 15.0 | – | – | 10.0 | 7.0 |