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WESTERN DEEP LEVELS LIMITED
FREE STATE CONSOLIDATED GOLD MINES LIMITED
EASTVAAL GOLD HOLDINGS LIMITED
ANGLOGOLD LIMITED
(FORMERLY VAAL REEFS EXPLORATION AND MINING COMPANY LIMITED)
EAST RAND GOLD AND URANIUM COMPANY LIMITED
SOUTHVAAL HOLDINGS LIMITED
ELANDSRAND GOLD MINING COMPANY LIMITED
HJ JOEL GOLD MINING COMPANY LIMITED
ABRIDGED REPORTS FOR THE QUARTER ENDED 31 MARCH 1998
WESTERN DEEP LEVELS LIMITED
REGISTRATION NUMBER 57/02349/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
GOLD
PRODUCTION - KG 11 350 10 727 37 210
CASH COSTS -
R/KG PRODUCED 34 806 36 112 39 885
REVENUE - R/KG SOLD 52 843 53 282 52 687
NET CAPITAL EXPENDITURE
- R MILLION 30,3 30,0 97,8
PROFIT AVAILABLE - R MILLION 90,9 78,8 215,2
EARNINGS PER SHARE - CENTS 328 284 776
DIVIDENDS PER SHARE - CENTS 775
FREE STATE CONSOLIDATED GOLD MINES LIMITED
REGISTRATION NUMBER 05/28210/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
GOLD
PRODUCTION - KG 14 995 18 033 74 331
CASH COSTS - R/KG PRODUCE 46 949 50 391 49 070
REVENUE - R/KG SOLD 60 961 59 142 54 641
CAPITAL EXPENDITURE
- R MILLION 22,1 36,5 129,4
PROFIT ATTRIBUTABLE TO
THE HOLDERS OF ORDINARY
SHARES EXCLUDING THOSE HELD
BY SUBSIDIARIES - R MILLION 59,2 26,5 204,7
EARNINGS PER SHARE - CENTS 52 23 179
DIVIDENDS PER SHARE - CENTS 180
EASTVAAL GOLD HOLDINGS LIMITED
REGISTRATION NUMBER 91/04409/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
PROFIT AFTER TAXATION
TRANSFERRED TO
NON-DISTRIBUTABLE
RESERVE - R000 4 603 50 657 74 741
EARNINGS PER SHARE - CENTS 1 11 16
PROFITS EARNED PRIOR TO THE MOAB PROJECT BECOMING ENTIRELY SELF-FUNDING WILL BE
USED TO PARTLY FUND THE CAPITAL EXPENDITURE OF THE PROJECT. SUCH PROFITS ARE
TRANSFERRED TO A NON-DISTRIBUTABLE RESERVE AND ARE NOT THEREFORE AVAILABLE FOR
DIVIDEND.
THE DECEMBER QUARTER INCLUDES A PREFERENCE DIVIDEND OF R44 871 000.
OPERATIONS BY ANGLOGOLD LIMITED RELATING TO ITS MOAB LEASE AREA:
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
AREA MINED - M2000 7 9 31
TONS MILLED - 000 49 56 169
YIELD - G/T 13,16 14,32 16,38
PRODUCTION - KG 644 802 2 771
CAPITAL EXPENDITURE
- R MILLION 66,2 97,6 291,8
SHAFT SINKING -
NO. 11 SHAFT METRES METRES METRES
ROCK/VENTILATION
SUB-VERTICAL SHAFT
ADVANCE 25 16 474
DEPTH TO DATE 714 689 689
STATION CUTTING 211 604 982
DEVELOPMENT
DEVELOPMENT VALUES REPRESENT ACTUAL RESULTS OF SAMPLING, NO ALLOWANCES HAVING
BEEN MADE FOR ADJUSTMENTS NECESSARY IN ESTIMATING ORE RESERVES.
ADVANCE SAMPLED
METRES METRES CHANNEL GOLD URANIUM
WIDTH G/T CM.G/T KG/T CM.KG/T
CM
QUARTER ENDED
MARCH 1998
MOAB LEASE AREA
VAAL REEF 530 28 48,1 61,31 2 949 2,36 126,59
ANGLOGOLD LIMITED
(FORMERLY VAAL REEFS EXPLORATION AND MINING COMPANY LIMITED)
REGISTRATION NUMBER 05/17354/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
GOLD
PRODUCTION - KG 15 055 19 360 69 489
CASH COSTS -
R/KG PRODUCED 35 606 36 035 37 484
REVENUE - R/KG SOLD 54 085 60 750 55 075
CAPITAL EXPENDITURE -
R MILLION 78,2 130,7 391,7
PROFIT AVAILABLE -
R MILLION 74,0 98,9 319,3
EARNINGS PER SHARE - CENTS 377 504 1 643
DIVIDENDS PER SHARE -
CENTS 1 630
EAST RAND GOLD AND URANIUM COMPANY LIMITED
REGISTRATION NUMBER 71/07001/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
GOLD
PRODUCTION - KG 3 009 3 199 12 958
CASH COSTS -
R/KG PRODUCED 40 112 40 968 38 596
REVENUE - R/KG SOLD 51 476 52 387 52 310
CAPITAL EXPENDITURE -
R MILLION 4,2 5,3 26,4
PROFIT AVAILABLE - R MILLION 16,2 16,7 66,7
EARNINGS PER SHARE - CENTS 31 32 129
DIVIDENDS PER SHARE - CENTS 130
SOUTHVAAL HOLDINGS LIMITED
REGISTRATION NUMBER 66/11806/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
ROYALTY FROM ANGLOGOLD
LIMITED AND NET SUNDRY
INCOME - R MILLION 137,2 159,3 415,5
PROFIT AFTER TAXATION -
R MILLION 79,3 92,4 239,1
EARNINGS PER SHARE - CENTS 305 355 920
DIVIDENDS PER SHARE - CENTS 930
ELANDSRAND GOLD MINING COMPANY LIMITED
REGISTRATION NUMBER 74/01477/06
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
GOLD
PRODUCTION - KG 5 852 6 222 20 217
CASH COSTS -
R/KG PRODUCED 40 986 41 096 39 711
REVENUE - R/KG SOLD 54 184 54 170 53 696
CAPITAL EXPENDITURE -
R MILLION 18,4 21,9 75,4
PROFIT AVAILABLE - R MILLION 24,6 38,6 122,1
EARNINGS PER SHARE - CENTS 21 33 114
DIVIDENDS PER SHARE - CENTS 115
HJ JOEL GOLD MINING COMPANY LIMITED
REGISTRATION NUMBER 85/01995/06
NINE
QUARTER QUARTER YEAR
ENDED ENDED ENDED
MAR. 1998 DEC. 1997 DEC. 1997
(AUDITED)
GOLD
PRODUCTION - KG 1 763 2 021 5 844
CASH COSTS - R/KG PRODUCED 43 169 37 717 39 594
REVENUE - R/KG SOLD 52 349 53 601 53 121
CAPITAL EXPENDITURE -
R MILLION 69,8 46,4 178,3
PROFIT AVAILABLE - - -
GENERAL NOTES
1. UNLESS OTHERWISE STATED ALL RESULTS ARE UNAUDITED.
2. EARNINGS PER SHARE ARE, WHERE APPLICABLE, AFTER APPROPRIATION FOR CAPITAL
EXPENDITURE.
3. THE UNABRIDGED REPORTS WILL BE POSTED ON OR ABOUT WEDNESDAY, 29 APRIL 1998
AND COPIES ARE AVAILABLE FROM THE TRANSFER SECRETARIES AND THE REGISTERED
OFFICES.
4. THE UNABRIDGED REPORTS WILL ALSO BE AVAILABLE ON THE INTERNET ON
HTTP://WWW.AAC.CO.ZA/GOLD/GOLDHOME.HTM.
JOHANNESBURG
23 APRIL 1998
INTERNET ADDRESS: HTTP://WWW.AAC.CO.ZA/GOLD/GOLDHOME.HTM
TRANSFERSECRETARIES:
CONSOLIDATED SHARE REGISTRARS LIMITED, FIRST FLOOR, EDURA, 41 FOX STREET,
JOHANNESBURG 2001
(PO BOX 61051, MARSHALLTOWN 2107)
REGISTERED OFFICES:
44 MAIN STREET, JOHANNESBURG 2001 (PO BOX 62117, MARSHALLTOWN 2107)
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