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Annual Results for the year ended 31 December 2021
Creating economic value for all our stakeholders by delivering
MORE THAN MINING

Our performance in 2021

What helped our performance?

  • Higher basket price
  • Increased production

What hindered our performance?

  • Covid-19 impact on our people and our operations
  • Eskom load curtailments
  • Section 54 stoppages
  • Delay of MF2 upgrade project negatively impacted by need for remedial civil works on the secondary mill base and ongoing manufacturing, construction and commissioning delays attributed to the impact of the Covid-19 pandemic
HUMAN CAPITAL
Safety and people first
 

FATALITIES

One

(2020: one)

 

TOTAL INJURY FREQUENCY RATE 

7.139

(2020: 5.663)

 

PRODUCTIVITY

39.9 t/TEC*
for our total operations

(2020: 36.3 t/TEC)

 
* Tonnes milled per total employee costed
FINANCIAL CAPITAL
Create economic value for all our stakeholders
 

EBITDA

R8 530.6 million

(2020: R6 646.5 million)

 

HEPS

2 324.6 cents

(2020: 1 354.4 cents)

 

FULL YEAR DIVIDEND

1 070 cents per share
 

(2020: maiden dividend of 575 cents per share)

SOCIAL AND RELATIONSHIP CAPITAL
Seek and deliver the good from mining
 

SOCIAL INVESTMENT (including social and labour plans)

R169.2 million

(2020: R92 million)

 

PROCUREMENT 

R4.8 billion in procurement from historically disadvantaged (HD) businesses

(2020: R4.0 billion)

 
INTELLECTUAL CAPITAL
Mutual interests and mutual rewards
 

TECHNOLOGY

  • Significant progress made with digitisation and automation of Styldrift
  • Substantial improvement in measurement of labour force efficacy and operating processes using automated time management process
  • Supply chain process streamlined and further protected from fraud and corruption through E-tendering
MANUFACTURED CAPITAL
We do what we say we will do
 

4E BUILT-UP HEAD GRADE

3.86g/t

(2020: 3.93g/t)

 

UNIT COST 

R16 770 per 4E ounce

(2020: R15 560 per 4E ounce)

 

PRODUCTION

467koz 4E ounces

(2020: 419koz 4E ounces)

 
NATURAL CAPITAL
Leave a lasting legacy of sustainable benefits
 

GROUP CARBON INTENSITY OF

0.122 tCO2e/tonne milled

(2020: 0.113 tCO2e/tonne milled)

 

WATER EFFICIENCY

0.675kℓ/tonne milled

(2020: 0.642kℓ/tonne milled)

 

ENERGY EFFICIENCY

0.407GJ/tonne milled

(2020: 0.408GJ/tonne milled)