Annual Report 2004

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AR cover Full Annual Report 2004 (PDF - 1.19MB)

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Key features

Operational robustness sustained
Output reaches 340,000 oz level
Resilience in the face of strong SA currency
Leveraging enhanced BEE status
Dramatically improved long term prospects
Seizing opportunities for operational diversification

Results at a glance

2004 2003
 
Production - metal in concentrate
Platinum (oz) 212 003 205 732
Palladium (oz) 102 884 100 407
Rhodium (oz) 18 424 19 869
Gold (oz) 7 236 6 880
3PGE+Au (oz) 340 547 332 888
Operational results
Development metres 12 403 14 743
Square metres mined 436 205 432 050
Tonnes milled 2 232 587 2 219 138
Head grade (g/t) 5.5 5.3
Financial highlights
Average price realized* (R/kg) 130 874 145 273
Cash costs* (R/kg) 99 352 96 880
Sales revenues (R000) 1 720 399 1 471 999
Cost of sales (R000) 1 331 614 1 086 571
Operating profit (R000) 388 785 385 428
Headline earnings (R000) 253 563 274 560
Headline earnings per share (cents) 109.5 118.7
Cash distribution (cents per share) 125.0 145.0

5 year production build-up (oz)Distributions per share over 5 years (cents)

* 3PGE + Au

Northam Platinum Limited
AR 2004