Northam Annual report 2008

Annual report 2008 (PDF - 1.9MB)

Shareholder and investor information (PDF - 99KB)
Twelve year financial review (PDF - 69KB)
Twelve year statistical review (PDF - 70KB)
Message from the chairman and chief executive (PDF - 163KB)
Business review (PDF - 93KB)
Financial review (PDF - 135KB)
Mineral resource and mineral reserve estimate (PDF - 144KB)
Sustainable development report (PDF - 191KB)
Directors (PDF - 66KB)
Management (PDF - 64KB)
Corporate governance (PDF - 88KB)
Annual financial statements (PDF - 200KB)
Notice of annual general meeting (PDF - 81KB)
Proxy form (PDF - 57KB)
Administration and contact information (PDF - 270KB)

It is a pleasure to report to shareholders after what was a landmark year in the life of Northam. While the group’s financial results for 2008 continue to reflect the continued solid performance of the Northam mine, the acquisition of the 103Moz Booysendal PGM asset has signified a step change in the fortunes of Northam, setting the company on a path to sustainable growth.

Northam’s Sustainable Development Report has been developed in accordance with the Global Reporting Initiative’s G3 guidelines, and certain key parameters have been assured by independent auditors PWC.

Download Sustainable development report (PDF - 2.19MB)

Northam mine – a shifting production profile

The Northam mine’s production at 9 113kg (292 989oz) was 9.7% lower year on year.

Booysendal – the key to growth

During the year Northam commissioned an independent review of the project area’s resource base, and also concluded a review of the previous pre-feasibility study.

Key financial ratios
Operating margin:	58.6%
Return on shareholder equity:	56.5%
Return on total assets:	36.2%
Compounded return over five years:	45.8%

Northam annual report 2008