3rd Aug 2011 15:18
3 August 2011
African Barrick Gold plc (the "Company" or "ABG")
Clarification to First Quarter results released on 21 April 2011 (No.
11712-E96C) and Half Year Results released on 26 July 2011 (No. 12329-B3B6)
African Barrick Gold issues a clarification to the Company's First Quarter results released on 21 April 2011 and Half Year Results released on 26 July 2011.
The group cash cost per tonne milled for the three months ended 31 March 2011, three months ended 30 June 2011 and six months ended 30 June 2011 were stated before the inclusion of by product credits following the decision as of 1 January 2011 to include by product sales as a part of group revenues. Prior year numbers were stated inclusive of by product credits. The corresponding numbers including by product credits for 2011 are as follows:
* Cash cost per tonne milled for the three months ended 31 March 2011 is $59 / tonne (Q1 2010 $53 / tonne) * Cash cost per tonne milled for the three months ended 30 June 2011 is $71 / tonne (Q2 2010 $49 / tonne) * Cash cost per tonne milled for the six months ended 30 June 2011 is $65 / tonne (H1 2010 $50 / tonne)
The cash cost per tonne milled figures provided in the individual mine summaries already include the by product credits.
In future, all cash cost per tonne milled figures, both at a group level as well as individual mines, will be stated inclusive of by product credits.
There are no other amendments.
ENQUIRIES
For further information contact:
African Barrick Gold plc
Andrew Wray +44 (0)207 129 7150
Finsbury + 44 (0)20 7251 3801
Charles Chichester
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of ABG in any jurisdiction.
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