Revenue for the year increased to R6.2 billion (2023: R5.5 billion) while results from operating activities came in at R1.6 billion (2023: R1.4 billion). Profit for the year was reported at R1.3 billion (2023: R1.3 billion). Furthermore, headline earnings per share grew to 154.1cps (2023: 148.2cps).

Dividend declaration
The Board declared a final cash dividend of 20cps for the year ended 30 June 2024.

Looking ahead
Ergo's near and medium-term outlook, with its newly commissioned reclamation sites and the added benefit of 60MW of renewable power, is positive and it is well positioned to deliver on its strategy to add at a capital cost of approximately R3.1 billion, funded substantially from ongoing operations, potentially another 14 years of production

While the buoyant gold price is welcome,the construct of our cost profile is changing to offer better resilience should the cycle turn. Key drivers in this regard include decreasing the complexity of our operations by systematically reducing the Ergo operating footprint from 15 sites to 5, lower energy costs from the solar plant and a reduction in mechanised lifting and haulage of reclamation material.

At FWGR, we anticipate capital investment of some R7 billion over the next five years, with beneficial occupation of the RTSF targeted for the second half of the 2027 calendar year. Monthly throughput capacity of 1.2 million tonnes at the Driefontein 2 plant is planned for the second half of the 2027 calendar year. This could potentially add 25 years to FWGR's life of mine.

The Company guides output for FY2025 of between 155 000 ounces and 165 000 ounces of gold (depending by and large on volume throughput) and cash operating costs at approximately R870 000/kg. Planned