Coming Soon...   Coming Soon...  
 
INVESTOR UPDATES
Share and metal prices

Loading Stocks Info...

           
INVESTORS
Reports and presentations
News
Investor tools
Investor Information
Disclaimer

Related Links
2015 Notice of Annual General Meeting
2014 Interim Report
2014 Notice of AGM
2014 Annual Report & Accounts
2014 Sustainable Development Report
2013 Annual Report & Accounts
2013 Sustainable Development Report
2013 Interim Report
 

Investor enquiries, please contact:

Tanya Chikanza
+44 (0)20 7201 6007 / +2711 218 8358
tanya.chikanza@lonmin.com

Operational and Financial Results – 2014

Results dominated by strike impact

  • Regrettably one fatality on 26 October 2013
  • Improved Lost Time Injury Frequency Rate (LTIFR) by 4.6% to 3.34%
  • Lost 391,000 platinum saleable ounces due to five month strike
  • Industry leading safe and exceptional ramp up in a record two months.





  • Operational flexibility maintained with available ore reserves at an average of 21 months production
  • Exceptional instantaneous recovery rates improved to 86.2%
  • Platinum sales of 441,684 ounces

Financial Results

  • Underlying profit before tax $46 million ($158 million in 2013)
  • Net debt of $29 million with available committed facilities of $575 million (Net cash of $201 million in 2013)
  • Costs of idle production during the strike resulted in the cost of production per PGM ounces increasing by 47%
  • Diligently managed capital expenditure to $93 million through the strike
  • Underlying earnings per share of 5.4 cents versus 20.5 cents in prior 2013

Guidance for 2015

  • Platinum saleable MIC production in the region of 750,000 ounces
  • Sales of around 730,000 Platinum ounces
  • Unit costs of production around R10,800 per PGM ounce
  • Capital expenditure of $250 million
  • Stable operating environment is key







Accessibility Terms of use Disclaimer Privacy Statement

"All rights reserved (c) 2011 LONMIN " "Registered in England & Wales, No. 1003002. "