St Barbara Mines Limited Annual Report 2004 Five Year Summary 2004 2003 2002 2001 2000 Financial Results Gold revenue $’000 21,972 56,111 54,516 71,217 38,534 Other income $’000 10,460 1,493 31,977 17,264 28,477 Amortisation and depreciation $’000 2,726 18,391 30,220 20,883 5,217 Consolidated pro fi  t / (loss) before tax $’000 (25,228) (30,020) (17,894) 7,650 2,377 Income tax (expense) / bene fi  t $’000 - (2,965) - 1,704 1,260 Consolidated pro fi  t / (loss) after tax $’000 (25,228) (32,985) (17,894) 9,354 3,637 Balance Sheet Current assets $’000 16,014 19,164 24,384 36,211 17,795 Non-current assets $’000 50,456 58,128 77,654 56,831 47,511 Current liabilities $’000 17,274 26,610 29,868 26,467 16,263 Non-current liabilities $’000 4,344 12,709 12,062 8,870 2,696 Total shareholders’ equity $’000 44,852 37,973 60,108 57,705 46,347 Shares on issue ‘000 574,149 415,553 319,758 216,507 209,770 Mine Statistics Ore mined ‘000 t - 483 1,386 1,700 209 Ore milled ‘000 t 1,711 2,285 1,888 2,789 3,221 Head grade g/t 0.84 1.47 1.84 1.80 0.93 Recovery % 82.2 89.7 92.2 91.0 90.2 Gold produced oz 37,985 96,611 103,217 147,063 86,798 Total production cost $/oz 606 575 553 371 321 Gold in reserves ‘000 oz - - 208 372 372 Gold in resources ‘000 oz 1,423 1,917 1,610 1,466 2,002 Sales and Hedging Sales oz 40,232 98,080 105,844 147,063 86,798 Realised gold price $/oz 546 572 515 497 443 Average spot gold price $/oz 546 572 554 504 451 Hedge position oz - - 4,221 100,000 123,200 Hedge weighted price $/oz - - 518 513 495 Hedge book value $’000 - - (176) (2,450) (590) Expenditure Exploration $’000 6,774 3,496 3,381 4,350 1,900 Meekatharra operating capital $’000 - 135 5,914 2,000 800 Paulsens project $’000 2,095 4,599 7,177 - - A