Aquarius Platinum Limited has released its Full Year 2012 results to 30 June 2012.
The Appendix 4E, Announcement and Presentation for today's webcast are available on www.aquariusplatinum.com - http://aquariusplatinum.com/node/906
Highlights and details for the call are below:
Key Points: Financial
? Revenue decreased by 29% to $486 million (FY2011: $683 million)
? Mine operating net cash flow decreased by 85% to $26 million (FY2011: $176 million)
? Mine EBITDA decreased by 86% to $29 million (FY2011: $206 million)
? Headline loss (before exceptional charges) of $154 million (FY2011: headline earnings $143 million)
? Headline loss per share of US 32.88 cents per share
? Reported net loss of $158 million (US 33.77 cents loss per share) after forex loss of $97 million on the revaluation of inter-company loans
? Group cash balance at FY close of $180 million
? No dividend declared (FY2011: US 8 cents)
Key Points: Operational
? Group attributable production decreased by 14% to 411,398 PGM ounces for the full year
? US Dollar PGM prices decreased materially, partially offset in South Africa by weaker Rand-US Dollar exchange rate
? Average Rand Basket Price flat year-on-year at just over R10,300 per PGM ounce
? Weighted average on-mine unit cash costs in South Africa increased by 39% in Rand terms
? Operations suspended at Marikana and Everest mines due to low Rand PGM prices
Key Points: Strategic
? Moving to tested hybrid hangingwall support methodology to retain complete mine safety while enhancing profitability
? Moving to Owner Operator model ? contractor arrangement with mining services provider, Murray & Roberts Cementation (MRC) terminated
? Focus on a turnaround at Kroondal
? All unprofitable operations have been placed on care and maintenance for the duration of the current downturn
Webcast
The webcast will be available at the following local times and numbers. Please dial-in 10 minutes prior to the event, which will be hosted by Stuart Murray, CEO of Aquarius Platinum, and quote ?Aquarius?.
Australia (EST) |
20h00 |
Toll-free |
1 800 350 100 |
Perth (WST) |
18h00 |
Toll-free |
1 800 350 100 |
South Africa |
12 noon |
Toll-free |
0800 200 648 |
London / UK |
11h00 |
Toll-free |
0800 917 7042 |
Callers outside of Australia, South Africa and the UK may call +27 11 535 3600.
If you have any queries, please contact:
Anne Cully
acully@aquariusplatinum.com