Constantly delivering on our strategic goals
Performance in 2019
Targets for 2020
- Robust performance
- Robust performance
Performance in 2019
1.6 Moz GE
- 1.6 Moz GE produced in 2019, up 3% year-on-year and above original guidance
$1,075 million
- $1,075 million adjusted EBITDA up 38% compared with 2018
$385 million
- $385 million dividend declared ($0.82 per share)
+5%
- 5% increase in reserves
- Excellent exploration results at existing mines, notably Kyzyl, Veduga and Kutyn
Targets for 2020
- 1.6 Moz GE production
- Development projects at existing operations, aimed at either extending the life-of-mine or reducing costs, namely at Mayskoye, Voro and Dukat
- $650—700/GE oz Total cash costs guidance
- Commitment to a zero-fatalities target and further improvements across health and safety
- Delivering growth
- Delivering growth
Performance in 2019
Nezhda
- Start of construction
- First ore mined
- Plant framework construction and winterisation completed
POX-2
- Start of detailed engineering and contracting
- Autoclave foundation completed
Targets for 2020
Nezhda
- Start of equipment installation
- Construction and commissioning of power plant to be completed
POX-2
- Receipt of all permits
- Delivery of the autoclave on-site
- Securing the future
- Securing the future
Performance in 2019
2.8 Moz
- 2.8 Moz more than doubling ore reserves at Veduga
5.7 Moz of Pde
- 5.7 Moz of PdE updated mineral resources estimate for Viksha
+110%
- 110% increase in gold contained to 812 Koz — updated open-pit ore reserves estimate at Kutyn
- First strategic partnerships with junior exploration companies
Targets for 2020
- Additional drilling and initial ore reserves estimate for Prognoz
- Complete ore reserves estimate update at Veduga
- Further advancing and exploration activities at Viksha
- Continuing investment in greenfield exploration through partnerships with junior exploration companies
- Governance and sustainability
- Governance and sustainability
Performance in 2019
- Full compliance with the provisions of the UK Corporate Governance Code Industry Mover distinction from RobecoSAM for excellent sustainability performance
- MSCI Environmental, Social and Governance Leaders index
- Amursk POX and Voro plants certified as being in full compliance with the International Cyanide Management Code
- Full disclosure on tailings storage facilities Sustainability-linked loan with Societe Generale
- Average Board tenure reduced to 4.5 years
- 33% female directors
Targets for 2020
- Ultimate goal of zero fatalities and LTIFR ≤ 0.2 at all operations
- New sustainability/ESG KPI for the Group CEO and relevant senior management
- 30% female representation in the diversity target group
- Financial assessment of climate-related risks within our climate management system
- Continuous reduction of fresh water use
- Further implementation of dry-stack storage method across the Group
- Continued compliance with global and local best practices