10 / 164
10 Independence Group NL
COMPANY
HIGHLIGHTS
SAFETY
•
The total recordable injury frequency rate (TRIFR) and lost time injury frequency rate (LTIFR) expressed in number of injuries
per million hours worked significantly improved over the past two years.
•
The number of lost time injuries (LTI) during FY2015 was four (FY2014: seven).
FINANCIAL HIGHLIGHTS
•
Revenue increased to $499 million (FY2014: $399 million) primarily due to a full 12 months of revenue from Tropicana.
•
Underlying EBITDA
1
increased to $213 million (FY2014: $148 million).
•
The Company realised a $77 million Net Profit After Tax in FY2015 (FY2014: $49 million).
•
Net cash flows from operating activities increased to $202 million (FY2014: $129 million).
•
At 30 June 2015, the Company had cash and cash equivalents of $121 million (2014: $57 million) and debt of less than
$1 million (2014: $29 million).
•
The Company announced a fully franked FY2015 Final Dividend of 2.5 cents per share (FY2014: 5 cents).
•
Total fully franked dividends paid during FY2015 were 11 cents per share (FY2014: 4 cents).
1
See Glossary of Terms for a definition of Underlying EBITDA.
OPERATIONAL SUMMARY
Tropicana Gold Mine (IGO 30%):
Tropicana in FY2015 poured 496,004 oz (100% basis), with cash costs of $568/oz Au. The
following table outlines the key operational statistics for FY2015.
Tropicana Gold Mine
2015
2014
Gold ore mined (>0.6g/t Au)
‘000 wmt
10,763
5,721
Gold ore mined (>0.4 and <0.6g/t Au)
‘000 wmt
1,601
1,088
Waste mined
‘000 wmt
42,761
25,251
Gold grade mined (>0.6g/t)
g/t
2.06
2.22
Ore milled
‘000 t
5,826
4,043
Gold grade milled
g/t
2.92
3.02
Metallurgical recovery
%
90.2
89.4
Gold recovered
oz
492,780
350,743
Gold produced
oz
496,413
348,371
Gold refined and sold (IGO share)
oz
150,836
100,167
Cash costs
$ per oz produced
568
552
All-in sustaining costs (“AISC”)
$ per oz sold
795
740