Ann: Trading Update , page-23

I think the All up Actual Cost per Oz is nearer $1160 based on todays announcement.

My logic is as follows:

Dec 2012 Half year P&L Actual PBT $24.7M less tax $2.5M = NP $22.3M

Based on $27M Full Year Profit they only made a second half profit of $4.7M or Profit BT of $6.7M.

So Estimated P&L for the year:
Production sold 92795
Revenue $144.1M
All Up costs $107.6M
Abnormals/Exp $5M
PBT = $31.5M
Tax $4.5M
Net Profit $27M

So Actual all in Cost = $107.6M divided by 92795 = $1159 per Oz.


So costs seem higher than previously stated and second half profit was average.