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Financial summary

(in thousands of United States dollars, except per share amounts) Notes For the
year ended
31 December
2016
For the
year ended
31 December
2015

Revenue 4 1,053,532 868,131
Cost of sales 5 (727,080) (734,167)
Gross profit   326,452 133,964
Corporate administration   (21,895) (34,455)
Share-based payments    (29,929) (5,537) 
Exploration and evaluation costs 8 (24,020) (19,737)
Corporate social responsibility expenses   (10,665) (12,882)
Impairment charges 6 - (146,201)
Other income/(charges) 9 11,649 (28,079)
Profit / (loss) before net finance expense and taxation   251,592 (112,927)
Finance income 11 1,512 1,384
Finance expense 11 (11,047) (12,617)
  (9,535) (11,233)
Profit / (loss) before taxation 242,057 (124,160)
Tax expense 12 (147,113) (72,988)
Net profit / (loss) for the year 94,944 (197,148)
Earnings / (loss) per share:    
– Basic earnings / (loss) per share (cents) 13 23.2 (48.1)
– Diluted earnings / (loss) per share (cents) 13 23.1 (48.1)

The notes on pages 119 to 156 of the 2016 Annual Report are an integral part of these consolidated financial statements