Strategy  

• Exciting exploration results in PNG
• Commissioned excellent gold mines in South Africa and PNG
• Building low-cost, high-grade mines

Operations  

• Operations in build-up showed 22% improvement in production year on year
• Improved underground grade at 4.60g/t
• Production of 1.3Moz* gold
• First year of commercial production at Hidden Valley
• Wafi-Golpu resource at over 1 billion tonnes of mineralised material
• Target 3 in commercial production

Financials

• Net profit of R617 million/US$86 million (FY10: loss of R192 million/US$24 million)
• Basic earnings per share at R1.44/USc20 (FY10: loss of 46c/USc6)
• Headline earnings of R2.23 per share (USc31) (FY10: (SAc7) or (USc1))
• Dividend of 60 SA cents per share
• Operating margins maintained at 26%

Safety and health

• Improved safety performance (FIFR)
• Excellent results from implementation of strategy to prevent falls of ground
• Healthcare facilities expanded
• Dedicated safety and health executive appointed post year end

Labour practices and human rights

• Over 2 000 residents moved out of hostels into family accommodation, either privately owned or provided by the company
• In South Africa: HDSAs made up 42% of management and women 12% of total workforce

Community

• In South Africa, R70 million (US$10 million) spent on local economic development projects and R14 million (US$2 million) on corporate social responsibility projects
• In PNG, R10 million (US$1.5 million) spent on community programmes
• BBBEE procurement expenditure in South Africa totalled R2.3 billion (42% of total discretionary expenditure)

Environment  

• Development of group-level environmental strategy
• ISO 14001 certification received at two operations, being implemented at other operations
• Cyanide code implemented at most metallurgical plants
• Success of PNG programme for community access to clean water