Financial KPIS Operating KPIS Sustainability KPIS
Revenue
+19% (US$m)
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Top-line indicator, heavily dependent on commodity prices but also driven by the delivery of production volumes.

In 2020, revenue increased by 28% year-on-year to $2,865 million driven by growth in gold and silver average-realised prices. Gold and silver sales were broadly in line with production volume trends.

Total cash cost
-3% (US$/GE oz)
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High-grade, full capacity utilisation and continued operational improvement, as well as foreign exchange rates and oil price are the key drivers behind total cash cost (TCC) per ounce.

TCC was $638/GE oz, down 3% year-onyear. AISC was broadly unchanged at $874/ GE oz. The depreciation of the RUB and KZT against the US$ and cost improvements outweighed additional Covid-related costs and inflationary pressures.

All-in sustaining cash cost
+1% (US$/GE oz)
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High-grade, full capacity utilisation and continued operational improvement, as well as foreign exchange rates and oil price are the key drivers behind total cash cost (TCC) per ounce.

TCC was $638/GE oz, down 3% year-onyear. AISC was broadly unchanged at $874/ GE oz. The depreciation of the RUB and KZT against the US$ and cost improvements outweighed additional Covid-related costs and inflationary pressures.

Adjusted EBITDA
+57% (US$m)
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Adjusted EBITDA provides an indicator of our ability to generate operating cash flows from the current business.

In 2020, Adjusted EBITDA increased by 57% year-on-year to $1,686 million, with an Adjusted EBITDA margin of 59%, reflecting a 27% increase in gold and silver average realised prices against a stable cost base.

Free cash flow
+138% (US$m)
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A key indicator in any business; generating a healthy free cash flow enables us to provide significant cash returns for shareholders.

The Company continued to generate significant free cash flow that amounted to $610 million, supported by a net cash operating inflow of $1,192 million.

Dividends proposed for the year
+57% (US$/share)
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Our aim is to deliver meaningful dividends to our shareholders at all stages of both the commodity cycle and our investment cycle.

In 2020, dividends of $608 million ($1.29 per share) were proposed, compared with $0.82 per share in 2019.

Underlying return on equity
+11 p.p. (ROE) (%)
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Return on equity (ROE) is one of the most important metrics for evaluating a company’s profitability and measures the efficiency with which a company generates income using the funds that shareholders have invested.

In 2020, ROE (based on underlying net earnings and average equity adjusted for translation reserve) was 30% (2019: 19%) and remains one of the highest in the sector.

Capital expenditure
+34% (US$m)
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Our rigorous approach to all investment decisions ensures tight controls on capital expenditure, boosting the return on capital invested for shareholders and the sustainable development of the business.

Capital expenditure was $583 million, up 34% year-on-year, and 8% above the guidance due to accelerated spending in a bid to neutralise the impact of the pandemic on project schedules.

Underlying net earnings
+83% (US$m)
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Underlying net income is a comprehensive benchmark of our core profitability, excluding foreign exchange gains/ losses, impairments and one-off non-recurring items.

Underlying net earnings increased by 83% to $1,072 million on the back of higher operating profit.

Net earnings
+125% (US$m)
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Underlying net income is a comprehensive benchmark of our core profitability, excluding foreign exchange gains/ losses, impairments and one-off non-recurring items.

Underlying net earnings increased by 83% to $1,072 million on the back of higher operating profit.

Gold equivalent production
+4% (Koz)
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Annual target for gold equivalent (GE) production is an indicator to the market of our confidence in delivering stable and reliable growth.

In 2020, gold equivalent output amounted to 1,559 Koz, a 4% increase year-on-year and 4% above the original production guidance of 1.5 Moz.

Ore reserves
+10% (Moz)
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Extending mine life through near-mine exploration and new discoveries from greenfield exploration both contribute to the Company’s long-term growth prospects.

In 2020, the Company increased its ore reserves by 10% to 27.9 Moz of GE driven by successful exploration results at Kyzyl, Prognoz and Voro.

Lost time injury frequency rate
-38% (LTIFR)
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An improvement in the health and safety of employees at our operations is a key priority with a goal of zero fatalities.

No fatal accidents among the Group workforce or its contractors occurred in 2020 (compared with two employee fatalities and one contractor fatality in 2019). The lost time injury frequency rate (LTIFR) among the Group’s employees decreased by 38% year-on-year to 0.12.

GHG intensity
-4% (tonnes per Kt of ore processed)
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Reducing GHG emissions: we are taking steps to build a truly sustainable economy by measuring and disclosing our environmental impact.

We achieved a 4% decrease in our GHG emission intensity (measured as Scope 1 and Scope 2 emissions per 1,000 tonnes of ore processed) in 2020.

While the selected annual report is being downloaded, we want to draw your attention to the Sustainability Report. It provides detailed information on ESG indicators.

While the selected files are being downloaded, we want to draw your attention to the reports on the sustainable development of the company. They provide detailed information on ESG indicators.

You can also download historical data on sustainable development.

2019