AI assistant
REGIS RESOURCES LIMITED — Annual Report 2021
Sep 12, 2021
65733_rns_2021-09-12_af6e8d2c-a637-4e9f-acdc-47be0cddb0f7.pdf
Annual Report
Open in viewerOpens in your device viewer
CONSISTENCY & GROWTH
==> picture [391 x 92] intentionally omitted <==
==> picture [491 x 218] intentionally omitted <==
– Jim Beyer Managing Director & CEO
13 September 2021 ASX:RRL
==> picture [113 x 87] intentionally omitted <==
2
CAUTIONARY STATEMENT
This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis’ projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.
This presentation contains a number of forward-looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the forward looking statements in this presentation are reasonable based on information available as at the date of this presentation but known and unknown risks and uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. These risk factors include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Readers are cautioned not to place undue reliance on forward looking statements. No representation or warranty, express or implied is made as to the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis. Except as required by applicable law or regulations, Regis does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.
The information in this presentation that relates to production targets and associated forecast financial information is extracted from the ASX announcement released 29 July 2021 entitled “Quarterly Report to 30 June 2021”. Mineral Resources and Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the ASX on 21 April 2021 & 15 June 2021 (the Relevant ASX Announcements).
In each case, appropriate Competent Person’s consents were obtained for the release of that information in the Relevant ASX Announcements and those consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the Relevant ASX Announcements and in each case the Production Targets, forecast financial information and estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning that information in the Relevant ASX Announcements, continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement.
Past performance and pro-forma financial information given in this document, including in relation to upgrades to resources and reserves, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance, nor of Regis' views on the Company's future financial performance or condition. Investors should note that past performance of Regis, including the historical trading prices of its shares, cannot be relied upon as an indicator of (and provides no guidance as to) Regis’ future performance, including the future trading price of its shares. The historical information included in this presentation is, or is based on, information that has previously been released to the market.
As noted above, an investment in Regis shares is subject to known and unknown risks, some of which are beyond the control of Regis. Regis does not guarantee any particular rate of return or the performance of the Company, nor does it guarantee the repayment of capital from Regis or any particular tax treatment.
The distribution of this presentation (including an electronic copy) outside of Australia (including the United States) may be restricted by law and any such restrictions should be observed. Any non-compliance with these restrictions may contravene applicable securities laws.
ASX announcements are available on the Company’s website at www.regisresources.com.au
3
==> picture [43 x 110] intentionally omitted <==
CONSISTENCY & GROWTH
==> picture [141 x 130] intentionally omitted <==
----- Start of picture text -----
MOOLART WELL
2.5Mtpa
----- End of picture text -----
Elevating Sustainability Reporting
Strong Financial Position
Low Cost Producer
==> picture [70 x 59] intentionally omitted <==
==> picture [37 x 36] intentionally omitted <==
Consistent and Reliable Performance
ROSEMONT2.0Moz in ReservesGARDEN WELL 5Mtpa 2.5Mtpa
==> picture [199 x 161] intentionally omitted <==
A$532m in dividends paid and/or declared since 2013[1]
==> picture [50 x 49] intentionally omitted <==
Strong Value Growth Profile
| ASX Code | RRL |
|---|---|
| Market capitalisation2 | A$1.6BUS$1.2B |
| Total Resources3 | 10.4Moz |
| Total Reserves3 | 4.8Moz |
==> picture [70 x 29] intentionally omitted <==
----- Start of picture text -----
TROPICANA
9Mtpa
----- End of picture text -----
==> picture [239 x 540] intentionally omitted <==
----- Start of picture text -----
McPHILLAMYS PROJECT
2.0 Moz Ore Reserve
Potential ~200 kozpa Au
----- End of picture text -----
4
==> picture [249 x 540] intentionally omitted <==
TRANSPARENT ESG REPORTING
Delivering improved safety results
Aligning to UN Sustainable Development Goals and the Task Force on Climate-related Financial Disclosures
==> picture [628 x 237] intentionally omitted <==
----- Start of picture text -----
Safety &
6.0 Environmental Health
Stewardship
Supply
5.0 Lost Time Injury Frequency Rate Chain
4.0
Shared Values
3.0 Risk with Host
Management Communities
2.0
Employment +
1.3
1.0 Workforce
Management
Corporate
0.0 Conduct
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Indigenous
Opportunities +
Respect for Culture
----- End of picture text -----
==> picture [119 x 142] intentionally omitted <==
==> picture [151 x 93] intentionally omitted <==
33% Female Board members
23% Female employees (above WA Mining Industry average)
==> picture [76 x 540] intentionally omitted <==
----- Start of picture text -----
5
----- End of picture text -----
FY21 FINANCIAL HIGHLIGHTS
Cash flow from operating activities A$276m
NPAT of A$146m NPAT Margin of 18% EPS of 26 cents per share
EBITDA1 of A$403m EBITDA Margin 49%
Full Year Dividends 7c per share 3.3% basic yield 4 4.7% grossed up yield
Cash & Bullion 2 A$269m Net Debt of A$31.3m3
Acquisition of 30% of Tropicana Gold Project
-
EBITDA is an adjusted measure of earnings before interest, taxes, depreciation and amortisation. EBITDA is non-IFRS financial information and is not subject to audit. The measure is included to assist investors to better understand the performance of the business.
-
Includes bullion on hand valued at A$2,337 per ounce
-
Based on cash and bullion on hand of A$268.7 million at 30 June 2021 and long-term debt of A$300 million
-
Grossed up for 100% franking. Annualised dividend yield of 7cps at a closing share price of $2.15 on 10 September 2021
==> picture [76 x 540] intentionally omitted <==
----- Start of picture text -----
6
----- End of picture text -----
FY2021 FULL YEAR FINANCIAL RESULTS
| Unit | FY2021 | FY2020 | |
|---|---|---|---|
| OuncesProduced | oz | 372,870 | 352,042 |
| Ounces Sold | oz | 365,830 | 353,182 |
| Average Realised Price A$/oz 2,229 2,200 |
|||
| Revenue1 | A$m | 819.2 | 756.7 |
| Royalties | A$m | (38.8) | (37.4) |
| Cost ofSales | A$m | (543.9) | (414.7) |
| Gross Profit | A$m | 236.5 | 304.6 |
| Other Income/(Expenses) | A$m | (0.4) | (0.2) |
| Administrationand OtherCosts | A$m | (20.8) | (16.1) |
| Finance Costs | A$m | (2.3) | (2.0) |
| Explorationexpenditurewrittenoff | A$m | (0.6) | (1.7) |
| Profit Before Tax | A$m | 212.4 | 284.6 |
| IncomeTax Expense | A$m | (66.2) | (85.1) |
| Net Profit After Tax | A$m | 146.2 | 199.5 |
| All-in-Sustaining-Costs | A$/oz | 1,372 | 1,246 |
-
In FY2020, sales revenue is net of A$21.2m in capitalised revenue generated from pre-production assets
-
EBITDA is an adjusted measure of earnings before interest, taxes, depreciation and amortisation. EBITDA is non-IFRS financial information and is not subject to audit. The measure is included to assist investors to better understand the performance of the business
==> picture [19 x 21] intentionally omitted <==
==> picture [19 x 21] intentionally omitted <==
==> picture [19 x 21] intentionally omitted <==
373Koz Production + 5.9 % Growth
A$819m Revenue + 8.3 % Growth A$403m EBITDA2 + 2.3 % Growth
==> picture [76 x 540] intentionally omitted <==
----- Start of picture text -----
7
----- End of picture text -----
OVER HALF A BILLION DOLLARS IN DIVIDENDS SINCE 2013
Strong business performance sees Regis again declare a dividend
Dividends Declared
==> picture [417 x 335] intentionally omitted <==
----- Start of picture text -----
18 600
16
500
14
12 8 8 8 400
8
10
300
9
8
6 200
3
4 8 8 8
7
6 100
2 4 4
0 0
2015 2016 2017 2018 2019 2020 2021
Interim Final Cumulative Dividends (from 2013)
$ Millions
Cents per Share
----- End of picture text -----
==> picture [14 x 16] intentionally omitted <==
Final dividend of 3 cps (A$22.6m) fully franked payout
==> picture [14 x 16] intentionally omitted <==
Total dividends for FY21 of 7 cps (A$43.1m) fully franked
==> picture [14 x 16] intentionally omitted <==
29.5% of FY21 NPAT and 10.7% of EBITDA1
==> picture [14 x 16] intentionally omitted <==
3.3% basic dividend yield2
==> picture [14 x 16] intentionally omitted <==
4.7% grossed up (for 100% franking) dividend yield
==> picture [14 x 16] intentionally omitted <==
Regis has paid and/or declared 104cps - A$532 million in dividends from 2013 to 2021
==> picture [14 x 16] intentionally omitted <==
Dividend Reinvestment Plan in place
Level of future dividends will continue to be assessed in the context of gold price, operational performance and planned capital expenditure
-
EBITDA is an adjusted measure of earnings before interest, taxes, depreciation and amortisation. EBITDA is non-IFRS financial information and is not subject to audit. The measure is included to assist investors to better understand the performance of the business
-
Annualised dividend yield of 7cps at a closing share price of $2.15 on 27 August 2021
==> picture [76 x 540] intentionally omitted <==
----- Start of picture text -----
8
----- End of picture text -----
CASHFLOW WATERFALL (A$)
Strong cashflow from operations allows for significant capital investment, exploration programs and dividends
==> picture [879 x 405] intentionally omitted <==
----- Start of picture text -----
Cash & Bullion on Hand - 30 June 2021
$700m
$378m
$600m
$500m
($138m)
$400m
($45m) $353m
($42m)
($10m)
$300m $44m $269m
($77m)
$209m
$200m ($51m)
$100m
- - - - -
-
----- End of picture text -----
- Includes bullion on hand valued at A$2,337 per ounce
9
==> picture [257 x 540] intentionally omitted <==
KEY ELEMENTS OF VALUE GROWTH
Exploration & Optimisation Life Extension Growth
McPhillamys Step Change Growth Tropicana (30%) Step Change Growth Additional Underground Mines Incremental Growth Moolart Well Garden Well Rosemont Consistent & Reliable Time
10
==> picture [451 x 540] intentionally omitted <==
----- Start of picture text -----
MOOLART WELL
DUKETON PROJECT 2.5Mtpa
ROSEMONT
2.5Mtpa GARDEN WELL
5Mtpa
----- End of picture text -----
DUKETON OPERATION OVERVIEW
==> picture [366 x 141] intentionally omitted <==
----- Start of picture text -----
FY22 Guidance Duketon
Production (oz) 340,000 – 380,000
AISC (US$/oz) [1] 990 – 1,040
AISC (A$/oz) 1,340 - 1,410
Growth Capital (A$M) 85 - 90
Exploration (A$M) 35
----- End of picture text -----
5.4Moz in Resources and 2.0Moz in Reserves
==> picture [37 x 35] intentionally omitted <==
Three operating centres in Garden Well , Moolart Well and Rosemont Consistent and reliable gold production
==> picture [37 x 36] intentionally omitted <==
==> picture [50 x 49] intentionally omitted <==
History of reserve replacement
- AUD:USD - 1.00:0.74
11
INCREMENTAL GROWTH FROM UNDERGROUND Now with two underground mines
Value created with high grade UG ore displacing lower grade OP ore
==> picture [368 x 174] intentionally omitted <==
==> picture [223 x 295] intentionally omitted <==
==> picture [215 x 136] intentionally omitted <==
==> picture [203 x 128] intentionally omitted <==
==> picture [169 x 27] intentionally omitted <==
----- Start of picture text -----
FEASIBILITY MATERIAL MINED
1.8Mt @ 3.2 g/t Au for 190koz Au
----- End of picture text -----
==> picture [244 x 10] intentionally omitted <==
----- Start of picture text -----
MORE UG PROJECTS IN THE EVALUATION PIPELINE
----- End of picture text -----
==> picture [223 x 540] intentionally omitted <==
12
==> picture [158 x 208] intentionally omitted <==
TROPICANA OPERATION OVERVIEW Joint Venture between AngloGold Ashanti (70%) & Regis (30%)
| FY22 Guidance Production(oz) AISC(US$/oz)1 AISC (A$/oz) Growth Capital (A$M) Exploration(A$M) |
Tropicana(30%) |
|---|---|
| 120,000 – 135,000 | |
| 845 – 910 | |
| 1,140 - 1,230 | |
| 70 - 75 | |
| 8 |
==> picture [380 x 251] intentionally omitted <==
----- Start of picture text -----
Life-of-mine
10+
----- End of picture text -----
2.3Moz in Resources and 0.8Moz in Reserves (30%)
==> picture [35 x 36] intentionally omitted <==
Low cost, high margin operation currently in an investment phase
Strong history of reserve replacement with all deposits open at depth and clear pathway to extend mine life
==> picture [37 x 35] intentionally omitted <==
==> picture [50 x 49] intentionally omitted <==
450koz – 500kozpa production returns as increasing high grade ore is delivered from Havana OP and Boston Shaker UG
- AUD:USD - 1.00:0.74
13
TROPICANA – MULTIPLE GROWTH OPPORTUNITIES
==> picture [15 x 17] intentionally omitted <==
==> picture [15 x 16] intentionally omitted <==
==> picture [15 x 17] intentionally omitted <==
==> picture [15 x 16] intentionally omitted <==
==> picture [15 x 17] intentionally omitted <==
==> picture [15 x 17] intentionally omitted <==
==> picture [603 x 272] intentionally omitted <==
Processing grown to 9Mtpa with further optimisation available
Havana OP and multiple UG mines supporting a 10+ year operational future
Boston Shaker UG
-
full production rate of 1.1Mtpa
-
increased grade mill feed
Additional UG mining opportunities at Tropicana Gold Mine
Havana UG will form part of a PFS study in 2022
==> picture [81 x 81] intentionally omitted <==
----- Start of picture text -----
Life-of-mine
10+
years
----- End of picture text -----
Approximately 2Mtpa from UG in 2027 onwards if studies are successful
==> picture [223 x 106] intentionally omitted <==
14
MCPHILLAMYS – APPROVALS IN FINAL STAGE
==> picture [613 x 378] intentionally omitted <==
----- Start of picture text -----
Life-of-mine
10+
years
----- End of picture text -----
MINERAL RESOURCE 2.29 Moz Au
ORE RESERVE 2.02 Moz Au PRODUCTION Up to ~200kozpa Au SATELLITE PROJECT Discovery Ridge 390koz Au Resource
==> picture [223 x 106] intentionally omitted <==
One of Australia’s largest undeveloped open pittable gold resources
15
==> picture [896 x 504] intentionally omitted <==
----- Start of picture text -----
REGIONAL EXPLORATION
Dominant land positions
and underexplored
satellite deposits
Angel Eyes
Central
Matts Bore Zone MOOLART WELL Targeting new +1Moz Springbok
discoveries TROPICANA
Betelgeuse
Rusty Nail
Risden Well
100km Campervan
ROSEMONT 100km
Madras
GARDEN WELL
New Zebra
Western
Sediments
Exploration Exploration
Swincers
Budget Budget A$27m
A$33m A$8m (30%)
----- End of picture text -----
Albany Fraser Belt
Duketon Greenstone Belt
16
REVIEW OF FY2021
GROWTH
==> picture [15 x 17] intentionally omitted <==
Acquisition of 30% interest in Tropicana Gold Project completed
==> picture [15 x 16] intentionally omitted <==
Acquisition of Ben Hur gold deposit completed
==> picture [15 x 16] intentionally omitted <==
35% increase in Group Mineral Resources and 33% increase in Group Ore Reserves
==> picture [15 x 17] intentionally omitted <==
Ramp-up of Rosemont Underground Mine
==> picture [15 x 17] intentionally omitted <==
Commenced development of Garden Well Underground Mine
BUSINESS PERFORMANCE
==> picture [15 x 17] intentionally omitted <==
Net profit after tax of A$146 million with a NPAT margin of 18%
==> picture [15 x 17] intentionally omitted <==
==> picture [15 x 16] intentionally omitted <==
==> picture [15 x 16] intentionally omitted <==
Dividends for FY2021 of 7 cents per share fully franked for a 4.7% grossed1 up yield EBITDA of A$403 million with strong EBITDA margin of 49% Net Debt of A$31.3 million 2 as at 30 June 2021
- Grossed up for 100% franking. Annualised dividend yield of 7cps at a closing share price of $2.15 on 10 September 2021 2. Includes cash and gold on hand of A$268.7 million with gold on hand valued at A$2,337 per ounce as at 30 June 2021 and long term debt of $300 million
17
FY22 GUIDANCE – PRODUCTION SET FOR A STEP CHANGE
A step change in production is expected in FY22 with a significant increase in total group production driven . by Regis’ 30% interest in Tropicana
==> picture [339 x 253] intentionally omitted <==
----- Start of picture text -----
600
500
400
300
200
100
-
2017 2018 2019 2020 2021 2022
Guidance range
Production (koz)
----- End of picture text -----
| Operation | Duketon | Tropicana (30%) | Group |
|---|---|---|---|
| Production (koz) | 340 – 380 | 120 – 135 | 460 – 515 |
| AISC (US$/oz) 1 | 990 – 1,040 | 845 – 910 | 955 – 1,010 |
| AISC (A$/oz) | 1,340 - 1,410 | 1,140 - 1,230 | 1,290 - 1,365 |
| Growth Capital (A$M)2 | 85 - 90 | 70 - 75 | 155 - 165 |
| Exploration and McPhillamys (A$M) |
35 | 8 | 723 |
==> picture [270 x 130] intentionally omitted <==
As noted previously, the September quarter is expected to be soft due to major scheduled mill shutdowns, open pit re-scheduling requirements and Rosemont underground rebasing into its steady state production rates.
-
AUD:USD 1.00:0.74
-
Growth Capital includes open pit and underground pre-production mining costs, pre-strip costs, camp expansion costs and other growth related project and property, plant and equipment costs
-
Group includes guidance for expenditure associated with McPhillamys of A$29 million for FY22
==> picture [76 x 540] intentionally omitted <==
==> picture [499 x 222] intentionally omitted <==
Additional Financial Information
19
FY20 ~~21 – Profit & Loss~~
| ~~1 – Profit & Loss~~ | ||
| 30 June 2021 | 30 June 2020 | |
| A$’000 | A$’000 | |
| Revenue | 819,162 | 756,657 |
| Cost ofgoods sold | (582,659) | (452,011) |
| Grossprofit | 236,503 | 304,646 |
| Other income | (402) | (1,365) |
| Investor and corporate costs | (4,687) | (3,408) |
| Personnel costs | (10,674) | (10,062) |
| Share-basedpayment expense | (3,934) | (144) |
| Occupancycosts | (767) | (245) |
| Other corporate administrative expenses | (770) | (1,052) |
| Exploration and evaluation written off | (610) | (1,686) |
| Finance costs | (2,265) | (2,024) |
| Profit before income tax | 212,394 | 284,660 |
| Income tax expense | (66,196) | (85,143) |
| Netprofit | 146,198 | 199,517 |
Earnings Per Share (cents per share)
26.37
39.26
20
– FY2021 Cash Flow Statement
| 021– Cash Flow Statement | ||
|---|---|---|
| 30 June 2021 | 30 June 2020 |
|
| A$’000 | A$’000 | |
| Cash flows from operating activities | ||
| Receipts fromgold sales | 790,619 | 755,791 |
| Payments to suppliers and employees | (435,767) | (348,923) |
| Income taxpaid | (77,125) | (63,792) |
| Other receipts/(payments) | (1,441) | (63) |
| Net cash from operating activities | 276,286 | 343,013 |
| Cash flows from investing activities | ||
| Acquisition ofplant and equipment(net) | (21,139) | (51,114) |
| Payments for exploration and evaluation | (43,899) | (37,118) |
| Payments for acquisition of assets(net of cash acquired) | (885,001) | |
| Payments for acquisition of exploration assets | (1,036) | (21,281) |
| Payments for mineproperties under development | (8,050) | (57,307) |
| Payments for mineproperties | (129,598) | (77,524) |
| Other receipts/(payments) | 38 | - |
| Net cash used in investing activities | (1,088,685) | (244,344) |
| Cash flows from financing activities | ||
| Proceeds from issue of shares | 650,026 | 279 |
| Payment of transaction costs | (9,594) | (14) |
| Payment of lease liabilities | (20,397) | (13,894) |
| Dividendspaid | (51,089) | (81,309) |
| Proceeds of borrowing | 293,652 | - |
| Net cashgenerated/(used) in financing activities | 862,598 | (94,938) |
| Net increase/(decrease)in cash and cash equivalents | 50,199 | 3,731 |
| Cash and cash equivalents at 1 July | 192,428 | 188,697 |
| Cash and cash equivalents at 30 June | 242,627 | 192,428 |
FY2021 ~~– Balance Sheet~~
21
| 1 | ~~– Balance Sheet~~ | 30 June 2021 | 30 June 2020 |
| A$’000 | A$’000 | ||
| Current assets | |||
| Cash and cash equivalents | 242,627 | 192,428 | |
| Inventories | 161,475 | 74,430 | |
| Other current assets | 19,413 | 10,847 | |
| Total current assets | 423,515 | 277,705 | |
| Non-current assets | |||
| Inventories | 185,643 | 63,503 | |
| Property, plant and equipment | 335,618 | 261,676 | |
| Exploration and evaluation expenditure | 491,702 | 230,260 | |
| Mineproperties under development | 18,655 | 2,188 | |
| Mineproperties | 794,640 | 275,939 | |
| Right-of-use assets | 60,704 | 38,034 | |
| Other | 2,688 | 2,572 | |
| Total non-current assets | 1,889,650 | 874,172 | |
| Total assets | 2,313,165 | 1,151,877 | |
| Current liabilities | |||
| Trade and otherpayables | 151,348 | 74,181 | |
| Income taxpayable | 325 | 7,471 | |
| Lease liabilities | 24,481 | 15,856 | |
| Provisions | 5,975 | 3,994 | |
| Total current liabilities | 182,129 | 101,502 | |
| Non-current liabilities | |||
| Deferred tax liabilities | 113,624 | 117,408 | |
| Provisions & lease liabilities | 139,286 | 97,886 | |
| Longterm borrowings | 293,821 | - | |
| Total non-current liabilities | 546,731 | 215,294 | |
| Total liabilities | 728,860 | 316,796 | |
| Net Assets Total Equity |
1,584,305 1,584,305 |
835,081 835,081 |
22
Continued Reduction in Hedge Book
==> picture [17 x 19] intentionally omitted <==
Regis’ hedge position reduced to 320koz at 30 June 2021 from ~399koz at 30 June 2020
==> picture [17 x 19] intentionally omitted <==
the transitioned from deferred to flat forwards which its During year Regis, spot hedging simplifies hedging structure
==> picture [17 x 19] intentionally omitted <==
From 1 July 2021, Regis has accelerated its hedge deliveries and will deliver 25,000 ounces per quarter into the hedge book in FY22 at a fixed price of A$1,571 per ounce
Table 1: Hedge Delivery Profile
| Financial Year | Hedge Deliveries |
|---|---|
| FY 2022 | 100,000oz |
| FY 2023 | 100,000oz |
| FY 2024 | 120,000oz |
23
FY2021 PHYSICALS
| FY FY2021 | FY2020 | |
|---|---|---|
| Physicals DNO DSO TROPICANA @30% |
TOTAL | TOTAL Variance |
| Ore mined (Mbcm) 1.50 2.50 0.05 |
4.05 | 4.16 -3% |
| Waste mined (Mbcm) 11.51 15.60 1.16 |
28.27 | 26.37 +7% |
| Stripping ratio (w:o) 7.7 6.2 25.3 |
7.0 | 6.3 +11% |
| Ore mined (Mtonnes) 2.86 7.03 0.17 |
10.06 | 9.98 +1% |
| Ore milled (Mtonnes) 3.15 6.34 0.43 |
9.92 | 9.37 +6% |
| Head grade (g/t) 0.92 1.44 1.39 |
1.27 | 1.25 +2% |
| Recovery (%) 90.7% 92.1% 89.9% |
91.6% | 93.5% -2% |
| Gold production (ounces) 84,566 270,987 17,317 372,870 352,042 +6% |
24
SOLID PERFORMANCE ON KEY FINANCIAL METRICS (A$) FY21 a transformational year with Tropicana acquisition
==> picture [399 x 421] intentionally omitted <==
----- Start of picture text -----
Production, Realised Gold Price & AISC
400 361 363 373 $2,500
352
350 324
310 305
$2,000
300
250 $1,500
200
150 $1,000
100
$500
50
- $0
2015 2016 2017 2018 2019 2020 2021
Gold Production Realised Gold Price Per Oz AISC Per Oz
EBITDA and Margin
450 394 403 100%
400
350 313 307 80%
300 253
234 60%
250
181
200
150 47% 47% 52% 47% [52%] 49% 40%
39%
100 20%
50
0 0%
2015 2016 2017 2018 2019 2020 2021
EBITDA EBITDA Margin (%)
Koz
AISC/oz
$ Millions
EBITDA/Revenue (%)
----- End of picture text -----
Net Profit After Tax and Margin
==> picture [367 x 172] intentionally omitted <==
----- Start of picture text -----
250 35%
200 30%
200
174
163 25%
146
138
150
20%
112
100 87 15%
10%
50
5%
0 0%
2015 2016 2017 2018 2019 2020 2021
NPAT NPAT Margin
$Millions
----- End of picture text -----
Earnings & Dividend per Share
==> picture [362 x 152] intentionally omitted <==
----- Start of picture text -----
45
39.3
40
34.6
35 32.2
27.6
30 26.4
25 22.4
20 17.4 15.0 16.0 16.0 16.0
13.0
15
10 6.0 7.0
5
0
2015 2016 2017 2018 2019 2020 2021
EPS Dividend per share
Cents per Share
----- End of picture text -----
==> picture [224 x 117] intentionally omitted <==
==> picture [882 x 370] intentionally omitted <==
==> picture [148 x 59] intentionally omitted <==
25
==> picture [224 x 117] intentionally omitted <==
==> picture [936 x 312] intentionally omitted <==
==> picture [148 x 59] intentionally omitted <==
26
==> picture [76 x 540] intentionally omitted <==
Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200