“Value Realization” 2002 Goals & Objectives
- Sales
- Gold: 7.5 million ounces @ US$180 per ounce total cash cost
- Copper: 360-395 million lbs @ US$0.42 net cash cost per pound
- Net Debt to Total Capital < 20%
- Deliver Merger-Related Synergies
- US$70-80 million in year 1
- US$80-90 million in year 2
- Reduce & Simplify the Normandy Hedge Book
- AUD$ denominated book
- Review opportunities to accelerate delivery/close-out
- Increase gold price exposure