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ERPM

ERPM is situated on the Witwatersrand Basin near the town of Boksburg, 25km to the east of Johannesburg. It was established as an underground mining operation more than 100 years ago. Underground mining was suspended in October 2008 following the cessation of the pumping of underground water for safety reasons.

ERPM continues as a surface retreatment operation. It holds 65% of ErgoGold through the contribution of its Elsburg Tailings Complex. ERPM’s wholly owned Cason surface retreatment operation is managed by Crown which processes 1.9Mt of surface material through the Knights plant.

With the closure of the underground operations for eight months of 2009, gold production dropped from 79 479 ounces in 2008 to 34 174 ounces.

Growth projects

All exploration activities have been suspended.

Key statistics

 
12 months to
30 Jun 2009
12 months to
30 Jun 2008
Ore milled
    Undergroundt’000184303
    Surfacet’0001 4301 859
    Totalt’0001 6142 162
Yield
    Undergroundg/t3.205.83
    Surfaceg/t0.330.38
    Totalg/t0.661.14
Gold produced
    Undergroundoz18 93556 812
 kg5891 767
    Surfaceoz15 23922 667
 kg474705
    Totaloz34 17479 479
 kg1 0632 472
Cash operating costs
    UndergroundUS$ per oz1 287812
 ZAR per kg361 141190 938
 ZAR per tonne1 1561 113
    SurfaceUS$ per oz778588
 ZAR per kg222 430138 250
 ZAR per tonne7452
    TotalUS$ per oz1 060748
 ZAR per kg299 289175 912
 ZAR per tonne197201
Gold and silver revenue(US$ million)28.4 n/a
 (ZAR million)247.9 n/a
Cash operating (loss)/profitUS$ million(7.9)4.4
 ZAR million(70.2)32.2
Capital expenditure (net)US$ million2.84.1
 ZAR million25.930.1
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