ThisisthefirstannualreportinwhichwecanmeasureourfinancialsuccessinbillionsofdollarsInordertoachievethiswemovedrecordvolumesofmaterial,processedrecordamountsoforeandsoldrecordamountsofgoldatrecordprices,saidChairmanPeterHambro。

Underlyingearningsbeforeinterest,tax,depreciationandamortisationsurged205%from$195。

5mto$597。

1m。

Pre-taxprofitjumpedfrom$69。

2mto$361。

3m,beatingthe$381mestimate。

Tightcostcontrolandhighgoldpriceduringtheyearhaveyieldedrecordoperatingcashflowswhich,togetherwithoursubstantialborrowingpowers,allowustocompleteourexpansionprogramme,Hambrosaid。

Whilethefinaldividendpershare(DPS)wasleftat7p,anincreaseintheDPSattheinterimstagemeantthatthefinalpayouttotalled12p,upfrom10pin2010。

Meanwhile,netdebtsurgedfrom$171。

1mto$787。

3mduringtheperiodreflectinganincreaseincapitalexpenditure。

BULLISHOUTLOOKFORGOLDPRODUCTION

Goldproductionincreasedby24%year-on-yearfrom507kozto630kozandthisisexpectedtoriseafurther8%to680kozin2012,aforecastthatthegroupadmitsisconservative。

ThecompanysaidthatthetargetdoesnotaccountforexpansionsofthePioneerandAlbynscheduledforthesecondhalf。

Thefirmalsoremainedbullishforfutureproductiongrowthbeyond2012,sayingthatitexpectstochangepreviousestimatesforoutputbetween2013and2016duetoasubstantialincreaseincapacities。

Sharesjumped4。

52%to648pinearlytradingonWednesday。

BC

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