Operations – Indonesia: Batu Hijau
2002 Sales
- Au: 278,000 equity ounces
- Cu: 362 million equity pounds
2002 Net Cash Costs
- Cu: $0.31 per pound net cash cost 1
2002 Equity Reserves ($300 Au/$0.75 Cu)
- Au: 6.9 mm ounces
- Cu: 6.2 billion pounds
- 13% increase, despite lower Cu price assumption
2003 Forecast
- Au: 275,000 equity ounces
- Cu: 350 million equity pounds
- Cu: $0.28 - $0.30 net cash cost 1
- For a reconciliation of net cash costs per pound (a non-GAAP measure of performance) to costs applicable to sales calculated and presented under GAAP, please refer to the Supplemental Information attached.