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RESULTS FROM OPERATING ACTIVITIES (Tables)
 12 Months Ended
Jun. 30, 2024
Analysis of income and expense [abstract]  
Cost of Sales
Amounts in R millionNote202420232022
Cost of sales(4,429.9)(3,911.0)(3,741.5)
Operating costs (a)(4,206.0)(3,711.4)(3,506.5)
Movement in gold in process and finished inventories - Gold Bullion34.9 10.8 30.4 
Depreciation9(270.4)(217.5)(267.6)
Change in estimate of environmental rehabilitation1111.6 7.1 2.2 
(a) The most significant components of operating costs include:
Consumable stores(1,303.3)(1,199.9)(1,014.9)
Labour including short term incentives(734.9)(663.4)(649.6)
Electricity(586.1)(544.4)(547.3)
Specialist service providers(851.7)(633.9)(610.2)
Machine hire(198.4)(152.3)(139.0)
Security expenses(167.2)(153.6)(133.0)
Water(32.5)(61.8)(54.2)
Related Party Transactions
Amounts in R million202420232022
Services rendered by related parties and included in operating costs:
Supply of water and electricity 1
114.579.279.2
Gold smelting and related charges 1
22.521.119.1
Other charges 1
0.30.30.3
Gold refining and related charges 2
7.67.26.9
144.9107.8105.5
1 Paid to Sibanye-Stillwater by FWGR
2 Paid to Rand Refinery by Ergo
Other Income
Amounts in R million202420232022
Gain on disposal of property, plant and equipment0.610.36.6
Insurance claim refund(a)1.2—84.7
Sundry income0.20.1—
2.010.491.3
(a) Insurance claim
During the FY2020, a complex insurance claim process was initiated for business interruption caused by the regulatory lockdowns pursuant to the COVID-19 pandemic. R84.7 million was included in other income in profit or loss in FY2022. R53.0 million was received before 30 June 2022 and the balance of R31.7 million was received in FY2023.
Administration Expenses and Other Costs
Amounts in R millionNote202420232022
Included in administration expenses and other costs are the following:
Share based payment expense19.1(26.4)(22.0)(18.4)
Exploration expenses and transaction costs1
(6.8)(4.6)(15.2)
Other costs and administration expenses2
(108.6)(88.8)(81.0)
1 FY2022 includes exploration expenses of R8.2 million paid to Sibanye-Stillwater.
2 Other costs and administration expenses are mostly made up of short-term incentives, corporate salaries, discretionary bonuses and information technology costs. (2023 and 2022 was adjusted to include corporate salaries)