2010 Financial year highlights

Corporate profile
Cullinan mine, South Africa

Financial highlights

  • Group revenue: US$163.7 million (FY2009: US$69.3 million)
  • Profit from mining activity: US$67.2 million (FY2009: US$7.8 million)
  • Operating cashflow: US$48.8 million (FY2009: US$4.6 million)
  • Group adjusted EBITDA: US$70.9 million (FY2009: US$8.6 million loss)
  • Profit after tax: US$70.2 million (FY2009: US$89.0 million loss)
  • EPS: 22.65 cents per share (FY2009: 49.38 cents per share loss)

Operational highlights

  • Gross production: 1,164,856 carats (FY2009: 1,099,367)
  • 507 carat Cullinan Heritage diamond sold for US$35.3 million

Corporate highlights

  • Raised US$120 million in equity fund raising; increased ownership in Cullinan mine from 37% to 74%
  • Fully financed capital expansion plans – debt facilities of US$83 million put in place
  • Completed acquisition of Kimberley Underground mine