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Group operating results
Rand/Metric
 

				2000	1999	1998
Underground operations
Area mined	- m2	- 000		3,900	3,880	4,275
Tonnes milled	- 000	- reef		21,126	21,055	22,155
		- waste		167	649	241
		- total		21,293	21,704	22,396
Yield	- g/t	- reef		8.02	8.31	8.16
		- waste		0.54	0,81	0.88
		- average		7.96	8.09	8.08
Gold produced	- kg	- reef		169,468	174,994	180,831
		- waste		91	527	212
		- total		169,559	175,521	181,043
Productivity
g/employee		- target		209	222	174
		- actual		193	210	184
m2/employee		- target		4.62	4.62	4.31
		- actual		4.45	4.21	4.07
Surface and dump reclamation
Tonnes treated	- 000			50,289	54,354	57,511
Yield	- g/t			0.32	0.30	0.30
Gold produced	- kg			15,870	16,165	17,025
Open-pit operations
Tonnes mined	- 000			49,121	47,880	7,527
Stripping ratio	- t (mined-treated)/t treated			1.08	2.51	1.63
Tonnes treated	- 000			23,601	13,630	2,863
Yield	- g/t			1.69	1.72	2.54
Gold produced	- kg			39,866	23,480	7,281
Total
Gold produced	- kg			225,295	215,166	205,349
Revenue	- R/kg sold			67,158	61,830	58,830
Total cash costs	- R/kg produced			46,404	41,979	39,944
Total production costs	- R/kg produced			53,334	47,842	46,060
Financial results
Rand million
Operating profit				3,273	3,088	2,609
Net profit				1,116	2,654	1,711
Headline earnings				1,773	1,986	1,534
Net capital expenditure				2,008	1,330	556
Financial ratios
Capital employed			- Rm	22,060	17,385	12,634
Return - net profit before interest paid			- %	8	20	15
Return - headline earnings before interest paid			- %	12	15	14
Equity			- Rm	15,199	12,761	12,102
Return - net profit			- %	8	21	14
Return - headline earnings			- %	13	16	13
Debt			- Rm	8,762	5,098	1,081
Cash			- Rm	1,477	3,031	1,492
Net debt (cash)			- Rm	7,285	2,067	(411)
Net debt (cash) to equity			- %	48	16	(3)
Debt to equity			- %	58	40	9
Interest cover			- times	9	12	23

Glossary of terms on page 104.

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