Cluff Gold mit positven Cash Flow!

CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended 31 December 2010





                                                         2010          2009
                                                       US$000        US$000
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES
Operating profit/(loss) for the year                      450       (34,415)
Depreciation                                           19,858         7,385
Impairment of mineral properties                            -        21,914
(Decrease)/increase in trade and other payables          (856)        3,545
Increase in other receivables                          (1,698)       (7,132)
Decrease/(increase) in inventories                      2,994        (3,108)
Increase in provisions                                  1,481           248
Share option charge                                       888           742
Exploration costs written off                               7           621
Loss/(profit) on disposal of property, plant &
equipment                                                  5            (7)
Exchange loss                                             315         1,391

                                                 ---------------------------
NET CASH FLOWS FROM/(USED IN) OPERATING
ACTIVITIES                                            23,444        (8,816)

                                                 ---------------------------
CASH FLOWS USED IN INVESTING ACTIVITIES
Interest receivable                                        46            23
Interest payable                                       (1,775)       (1,035)
Purchase of property, plant and equipment              (6,317)       (2,290)
Purchase of intangible assets                          (5,718)       (2,920)
Proceeds from sale of property, plant and
equipment                                                  -            15

                                                 ---------------------------
NET CASH FLOWS USED IN INVESTING ACTIVITIES           (13,764)       (6,207)

                                                 ---------------------------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issue of share capital               15,564        13,931
Issue costs paid                                           (6)         (962)
Repayment of borrowings                                (6,000)            -

                                                 ---------------------------
NET CASH FLOWS FROM FINANCING ACTIVITIES                9,558        12,969

                                                 ---------------------------


NET INCREASE/(DECREASE) IN CASH AND CASH
EQUIVALENTS                                           19,238        (2,054)
Cash and cash equivalents at start of period            2,273         4,416
Exchange losses on cash and cash equivalents             (604)          (89)

                                                 ---------------------------
CASH AND CASH EQUIVALENTS AT END OF YEAR               20,907         2,273

                                                 ---------------------------
                                                 ---------------------------


CASH AND CASH EQUIVALENTS COMPRISE
                                                 ---------------------------
Cash at bank                                           20,907         2,273

                                                 ---------------------------
                                                 ---------------------------



NOTES TO THE PRELIMINARY ANNOUNCEMENT

For the year ended 31 December 2010

1 Financial statements

The financial information set out above does not constitute the company's statutory accounts for the years
ended 31 December 2010 or 31 December 2009. Statutory accounts for 31 December 2009 have been delivered to the
Registrar of Companies and those for 31 December 2010 will be delivered in due course. The auditors have
reported on those accounts; their report was unqualified and did not contain statements under section 498 (2)
or (3) of the Companies Act 2006.

2 Basis of preparation and accounting policies

Whilst, the financial information included in this preliminary announcement has been presented in accordance
with International Financial Reporting Standards as adopted by the EU (IFRS), this announcement in itself does
not constitute full compliance with IFRS. Details of the accounting policies are those set out in the annual
report for the year ended 31 December 2009. These accounting policies have remained unchanged for the financial
year ended 31 December 2010 except for those new standards issued and adopted in the year.

3 Dividends

The directors do not recommend the payment of a dividend (2009: nil).

4 Segment reporting

Operating segments have been identified on the basis of internal reports about components of the Group that are
regularly reviewed by the Group's chief operating decision maker. The Group's chief operating decision maker is
considered by management to be the board of directors. The operating segments included in internal reports are
determined on the basis of their significance to the Group. In particular, operating mines are reported as
separate segments together with exploration projects that have significant capitalised expenditure. An analysis
of the Group's business segments is set out below.



                                                      All other
                      Kalsaka     Angovia    Baomahun  segments       Total
                       US$000      US$000      US$000    US$000      US$000
Year ended 31
December 2010
External revenue -
sale of gold          90,643      24,208           -         -     114,851
Direct costs of
production           (53,850)    (20,984)          -         -     (74,834)
Other operating and
administrative
costs                 (7,687)     (4,100)          -    (5,604)    (17,391)

                   --------------------------------------------------
Segmental result -
EBITDA                29,106        (876)          -    (5,604)     22,626

                   --------------------------------------------------
                   --------------------------------------------------

Total assets           49,008      25,636      44,552    14,394     133,590
Capital expenditure     2,642       3,608       6,179        27      12,456

                   --------------------------------------------------
                   --------------------------------------------------






                                                      All other
                      Kalsaka     Angovia    Baomahun  segments       Total
                       US$000      US$000      US$000    US$000      US$000
Year ended 31
December 2009
External revenue -
sale of gold          54,107      22,823           -         -      76,930
Direct costs of
production           (38,155)    (21,006)          -         -     (59,161)
Other operating and
administrative
costs                 (5,162)     (3,752)          -    (4,594)    (13,508)

                   --------------------------------------------------
Segmental result -
EBITDA                10,790      (1,935)          -    (4,594)      4,261

                   --------------------------------------------------
                   --------------------------------------------------

Total assets           56,956      27,066      38,732     2,031     124,785
Capital expenditure     5,700       1,844       3,353        34      10,931

                   --------------------------------------------------
                   --------------------------------------------------



In 2010 the Group had one customer (2009: one).

The segmental result reported represents earnings before interest, tax, depreciation and amortisation (EBITDA)
and excludes share option charges, which is the measure of segmental profit regularly reported to the board of
directors. The accounting policies of the reporting segments are different from the Group's accounting policies
as follows:



SEDAR FOR FURTHER INFORMATION PLEASE CONTACT: Cluff Gold plc J.G. Cluff Chairman +44 (0) 20 7340 9790

 

Cluff Gold PLC meldet gute Quartalsergebnisse
30.11.2011 | 9:03 Uhr | Rohstoff-Welt.de
Cluff Gold gab gestern die Ergebnisse des dritten Quartals 2011 bekannt. Es folgt eine Zusammenfassung der drei Monate bis zum 30. September:

• Das Unternehmen verzeichnete einen Umsatz aus fortgesetzten Operationen von 38,82 Mio. USD. Im Vorjahreszeitraum hatte sich dieser auf 25,29 Mio. USD belaufen.

• Das EBITDA betrug 22 Mio. USD. Im dritten Quartal 2010 hatte das Unternehmen ein EBITDA von 4,6 Mio. USD gemeldet.

• Die Kalsaka-Goldmine produzierte 23.611 oz zu Cashkosten von 756 USD/oz, im Vorjahreszeitraum waren dort 16.986 oz produziert worden.

• Das Angovia-Projekt lieferte 1.147 oz Gold zu Cashkosten von 1.168 USD/oz.

• Die Barmittel und -äquivalente des Unternehmens betrugen am Ende des Quartals 25,56 Mio. USD.
http://www.rohstoff-welt.de/aktien/...en=1&mid=1101&sid=31820  

2 September 2012
AIM: CLF/TSX: CFG

Strategic Alliance between Cluff Gold and Samsung

Cluff Gold plc, the dual AIM/TSX listed West African focused gold mining company, is pleased to announce that it has signed a Memorandum of Understanding for a long term strategic partnership with Samsung C&T Corporation ("Samsung"). This alliance commences with an unhedged US$20m facility to provide additional funding to Cluff Gold to further the development of its portfolio of assets. The Memorandum of Understanding provides a general framework for the potential long term funding of Baomahun and other development opportunities.

The initial facility forms part of a wider strategic alliance between Cluff Gold and Samsung which is a global trading company. Cluff Gold has a producing mine, Kalsaka in Burkina Faso, and a strong pipeline of development assets which is expected to generate a long term production profile.

http://www.miningweekly.com/article/...yaoure-gold-project-2014-10-15