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              [html]<thead><tr><tdrowspan="2">RevietsusTotal reverse for the Croup for the year was $ 329.282.000 down 8 % from the previous year. Cost reverse decreased by 8 % to $ 3002.9 % to $ 26.266.000.</td><td>Depreciation and astrortissificationThe increase in depreciation and amortisation to $ 85.595.000 nelliects amortisation of the higher capitalised development costs at the ChallengerChance and commenciesChance and commencenta</td><tdrowspan="2">Mineral reserves and resourcesOne reserves and mineral resources are exting to the participants of the control of the control of the control on interpretations of realispid data obtained from did holes and strained from dirill holes and</td></tr><tr><td>The decrease in gold revenue reflects a lower gold price and a decrease in gold production from Challenger partially offset by an increase in gold production from the Chatree Mine.</td></tr></thead><tbody><tr><tdrowspan="2">Exploration</td><td>The average US $ gold price received was US $ 1.588 ( 2012 : US $ 1.663 ). The decrease in silver revenue reflects a lower silver price received of US $ 28 / oz ( 2012 : US $ 32 / oz ).</td><tdrowspan="2">Exploration expense was $ 675.000 and relates to exploration licences in Chile that were relin - quished or disposed of during the year.</td></tr><tr><td>Market price fluctuations of gold and silver, as well as increased production and capital costs, may render ore reserves unprofitable to develop at a particular site for periods of time.</td></tr><tr><tdrowspan="2">Cash flow</td><td>Costs</td><tdrowspan="2">Operating cash inflow was 885.020.080, Net subjects of the contacted interventions cash outliflows from freencing activities was cash outsides to cash outliflows from freencing activities was transaction costs ) of IG6, P68.000 of tr</td></tr><tr><td>Replacement of depleted reservesThe Group aims to continually replace reserves depleted by production to maintain production</td></tr><tr><tdrowspan="2">The overall increase in cost of sales to participants with the participants the participants with the participants and the participants. Chained for the does to the expanded Chatters with the costs of the following : Channel for the Groum</td><td>ELEV1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1, RNA1</td><tdrowspan="2">The Group aims to continually regilace reserves to assessment of the following : No activities and the following : No access to access the following : No access to access the following : Social and assessment of the following : Social and the</td></tr><tr><td>Material business risks</td></tr><tr><tdrowspan="2">Impairment of assets</td><td>The Group uses a range of assumptions and forecasts in determining estimates of product tion and financial performance. There is uncertainty associated with these assumptions that could nesult in actual performance differing from exp</td><tdrowspan="2">Mining risks and insurance risksThe mining industry is subject to signifi risks and hazards, including environmen</td></tr><tr><td>Following a strategic review of the Challenger Cold Operations a new mine plan focussing mainly on the Challenger West orebody was implemented effective 1 July 2013.</td></tr><tr><tdrowspan="2">The material business risks that may have an impact on the operating and financial prospects of the Group are :</td><td>pected geological conditions, unawallability of materials and unplanned equagment failures. These rols and hazards could nisult in significant costs or delays that could have a material adverse impact on the Group ’ s financial perfor</td><tdrowspan="2">As a result of the new mine plan together with the continuing low gold price emvironment, an assessment was conducted as at 30 lune 2013 of the carrying value of the Challenger Gold Operations and associated assets. This assessment results</td></tr><tr><td>Hevenue</td></tr><tr><tdrowspan="2">The Group maintains insurance to cower some of these risks and hazards at levels that are believed to be appropriate for the circumstances surrounding each identified risk, however there remains the possibility that the level of insurai</td><td>A review of the carrying value of all regional greenfield exploration projects was also conducted which resulted in the with down of the down of the carrying outself. Mineral flands project? Nouth Aschnala and the writte down of 83 / 6 / 0000</td><tdrowspan="2">Bevenue, and hemor esperating margins, are and addressed of the gold private and to a degree in the adverse expertise to the gold private and to a degree in the adverse privaction of the good and the providers and the providers and the provid t</td></tr><tr></tr><tr><tdrowspan="2"<tdrowspan="2"</tr><tr></tr></tbody>
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