14 year statistical review

  2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Operating performance
Merensky                            
Tons milled 793 490 1 002 208 1 050 404 1 059 624 1 341 057 1 424 160 1 434 198 1 541 234 1 582 421 1 288 141 1 576 926 1 660 000 1 800 000 1 740 000
Head grade – g/ton (3PGEs + Au) 5.6 5.9 5.8 5.6 5.6 6.1 6.2 6.0 5.9 6.1 5.8 6.0 6.1 6.2
UG2                            
Tons milled 797 355 1 036 017 1 054 687 963 033 928 149 878 924 715 946 691 353 636 717 643 286 371 374
Head grade – g/ton (3PGEs + Au) 4.3 4.5 4.4 4.4 4.4 4.5 4.4 4.3 4.0 3.8 3.9
Combined                            
Tons milled 1 590 845 2 038 225 2 105 091 2 022 657 2 269 206 2 303 084 2 150 144 2 232 587 2 219 138 1 931 427 1 948 300 1 660 000 1 800 000 1 740 000
Head grade – g/ton (3PGEs + Au) 4.9 5.2 5.1 5.0 5.1 5.5 5.6 5.5 5.3 5.3 5.4 6.0 6.1 6.2
Precious metals in concentrates produced – kg* 7 779 9 999 9 408 9 113 10 087 11 247 10 115 10 592 10 354 8 458 8 725 8 372 9 197 8 977
Precious metals in concentrates purchased – kg* 2 244 2 106 487 404
Precious metals sold – kg* 9 872 12 313 10 362 8 586 10 703 11 285 9 922 11 733 9 174 8 944 8 306 9 331 9 222 8 764
Revenue – R/kg* 323 899 288 255 280 609 409 159 297 292 189 286 137 517 130 874 145 273 160 367 172 733 100 701 70 502 54 656
Operating costs – R/kg* 307 203 239 769 219 691 193 409 148 872 120 475 120 862 109 392 106 309 105 587 92 751 70 110 57 170 55 081
Cash costs – R/kg* 279 118 215 900 199 680 175 197 135 248 109 441 110 005 99 532 96 880 94 861 83 750 67 366 56 431 53 068
Precious metals in concentrates produced – oz* 250 110 321 475 302 474 292 989 324 296 361 599 325 214 340 547 332 888 271 931 280 516 269 156 295 695 288 617
Precious metals in concentrates purchased – oz* 72 146 67 709 15 657 12 989                  
Precious metals sold – oz* 317 392 395 879 333 147 276 059 344 101 362 821 318 992 377 239 294 947 287 546 267 042 299 997 296 501 281 769
Price realised – US$/oz* 1 439 1 185 1 001 1 722 1 288 918 686 597 498 497 705 492 364 379
Operating costs – US$/oz* 1 363 983 766 821 643 586 607 493 365 325 379 343 295 382
Cash costs – US$/oz* 1 238 885 696 744 584 532 552 449 333 292 342 329 291 368
                             
Sales per metal – oz                            
Platinum 196 688 242 596 202 141 169 611 212 484 221 580 196 056 236 792 179 108 177 580 168 294 188 597 189 404 176 324
Palladium 90 710 116 303 97 940 81 103 96 888 109 721 94 420 108 648 89 086 86 758 79 558 88 690 85 222 82 739
Rhodium 23 550 28 655 27 271 20 666 28 180 24 085 22 093 23 849 20 744 17 325 13 295 15 565 14 770 15 662
Gold 6 444 8 325 5 795 4 678 6 549 7 435 6 423 7 950 6 009 5 883 5 895 7 145 7 105 7 044
Total – 3PGE + Au 317 392 395 879 333 147 276 059 344 101 362 821 318 992 377 239 294 947 287 546 267 042 299 997 296 501 281 769
                             
Prices realised – US$/oz                            
Platinum 1 698 1 452 1 152 1 668 1 206 1 017 855 782 605 491 590 441 359 431
Palladium 671 384 236 400 342 265 201 216 265 407 773 463 310 260
Rhodium 2 251 2 193 2 660 7 553 5 310 3 107 1 338 573 621 1 076 1 952 1 389 727 441
Gold 1 368 1 093 878 832 654 529 424 390 322 292 268 285 285 332
Basket – 3PGE + Au 1 439 1 185 1 001 1 722 1 288 918 686 597 498 497 705 492 364 379
                             
Prices realised – R/kg                            
Platinum 382 245 353 507 325 730 396 780 278 054 210 131 171 186 171 534 175 249 159 696 144 493 90 083 70 050 62 175
Palladium 150 703 93 417 66 509 94 894 79 258 54 653 40 287 47 123 79 415 130 256 189 351 94 605 60 384 37 491
Rhodium 508 056 532 925 721 775 1 792 075 1 225 945 635 590 269 687 123 701 183 223 339 741 478 194 283 640 141 727 63 649
Gold 308 068 266 527 249 094 196 990 151 337 109 156 84 487 85 892 97 165 96 450 65 781 58 111 55 677 47 950
Basket – 3PGE + Au 323 899 288 255 280 609 409 159 297 292 189 286 137 517 130 874 145 273 160 367 172 733 100 701 70 502 54 656
Financial performance
Operating margin – % 10.8 19.9 25.7 58.6 53.8 42.5 17.6 22.4 25.7 37.4 50.2 34.2 17.1 (1.5)
Effective tax rate – % 34.3 34.2 37.9 36.7 36.9 34.3 33.9 35.4 42.6 39.5 37.1 31.8 (12.6)
Return on shareholders’ equity – % 3.7 7.3 7.6 56.5 60.5 39.2 15.8 16.1 15.7 20.6 27.1 15.6 9.8 2.0
Return on total assets – % 2.9 6.4 6.7 36.2 39.8 25.7 11.2 11.5 12.8 17.3 24.3 13.0 8.9 1.9
Current ratio 2.3 3.1 3.0 3.1 3.1 3.4 2.8 3.3 3.2 7.2 8.2 5.9 5.8 4.8
Acid ratio 1.4 1.8 1.7 1.9 2.2 2.3 1.7 2.1 1.3 5.0 5.1 3.4 2.3 0.7
US Dollar/Rand exchange rate
   – average
7.01 7.59 8.92 7.32 7.20 6.39 6.19 6.90 9.05 10.13 7.60 6.35 6.05 4.49
   – at year end 6.78 7.67 7.67 7.83 7.04 7.14 6.69 6.20 7.57 10.27 8.04 6.77 6.01 5.92
Share performance
Weighted average number of shares in issue – 000 363 088 360 292 343 162 238 007 236 747 233 704 231 578 231 540 231 313 230 744 230 311 203 283 184 032 183 032
Number of shares at year end – 000 382 416 360 642 359 910 238 688 237 226 236 003 231 969 231 544 231 539 230 915 230 565 230 147 184 032 183 032
Operating cash flow per share – cents 216.3 239.4 195.6 649.9 656.8 364.8 164.8 221.5 168.6 323.9 347.7 208.1 92.1 23.2
Earnings per share – cents 96.2 177.9 183.7 627.2 560.2 301.9 108.2 108.0 115.7 172.3 227.2 129.3 75.8 14.8
Headline earnings per share – cents 89.5 177.8 172.2 627.2 560.1 301.9 108.2 108.0 115.5 175.5 233.7 129.3 81.6 14.8
Dividends per share – cents 15.0 40.0 78.0 330.0 525.0 280.0 70.0 105.0 90.0 170.0 235.0 120.0 25.0
Capital repayments per share – cents 20.0 55.0 75.0
Dividend cover 17.9 4.4 2.2 1.9 1.1 1.1 1.5 1.0 1.3 1.0 1.0 1.1 3.3
Net assets value per share – cents 2 645.0 2 449.0 2 315.0 1 217.0 1 004.0 848.0 689.0 684.0 655.0 820.0 852.0 826.0 803.0 737.0
Share price (cents)                            
   – high 5 153 5 772 7 035 7 984 6 190 3 800 1 280 1 345 2 210 2 000 1 860 950 640 340
   – low 3 920 2 700 1 650 3 800 3 400 1 240 775 825 955 1 000 765 455 175 130
   – at year end 4 247 4 550 3 000 6 760 4 800 3 784 1 260 890 1 230 1 665 1 525 780 484 268
Platinum sector index at year end 69.5 73.5 63.0 128.5 101.1 70.4 29.0 23.4 28.6 29.3 35.1 25.5 14.2 5.9
Compound return over 5 years – % 6.6 35.7 36.9 45.8 32.3 25.5 21.6 29.2 49.5 58.3 32.0 10.0 (2.7) (29.4)
Average monthly volume of shares traded – 000 16 289 17 188 13 655 13 920 12 339 5 542 5 384 4 916 4 906 8 014 11 054 6 735 1 909 901
Annual liquidity (%) 53.8 57.2 47.8 70.2 62.5 28.5 27.9 25.5 25.5 41.7 57.6 39.8 12.4 5.9

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