Add displayed figures
Step 1
2.253 Moz
This is the arithmetic sum of the nine listed mine outputs. It is not a valid attributable total because the reporting bases differ or are unstated.
2025 annual report
Operating data note · Company-provided
Production reconciliation review
Why the mine-level figures in the supplied report do not presently reconcile to the 1.82 Moz group headline.
Review context
What the supplied report states
Adding all nine displayed mine figures produces 2.253 million ounces on their shown bases. That total mixes gross and unstated bases and therefore cannot be compared directly with an attributable group headline.
Applying only the two ownership adjustments explicitly supplied — 45% for Prestea and 70% for Tropicana — produces approximately 1.979 million ounces. This remains about 159,000 ounces above the reported 1.82 million ounces.
Group headline
1.82 Moz
Company-reported gold production
Displayed gross sum
2.253 Moz
Simple sum of all listed mine figures
Partly adjusted sum
≈1.979 Moz
Only two stated ownership adjustments applied
Detailed record
Figures, basis and reporting limits
Apply disclosed interests
Step 2
≈1.979 Moz
Prestea is adjusted from 360,000 to 162,000 ounces and Tropicana from 255,000 to 178,500 ounces. Other figures remain unchanged because no ownership percentages are supplied.
Compare with headline
Step 3
≈159,000 oz
The partly adjusted sum still exceeds the 1.82 Moz headline. The difference may reflect missing ownership adjustments, differing reporting bases or another source issue; the supplied material does not establish the cause.
Interpretation
Why no correction is imposed
The website preserves the headline and underlying figures as company-provided data rather than selecting one as the definitive result without evidence.
A formal reconciliation should identify every operation, ownership percentage, production basis, eliminated amount and rounding adjustment. Until management supplies that schedule, the variance remains open.
Disclosure status
Records required for independent reliance
These supporting items are not contained in the published summary. The figures remain company-provided until the relevant records are supplied.
- Management-approved production reconciliationPending
- Ownership schedule for every listed operationPending
- Definition of group production and attributable productionPending
- Confirmation of reporting periods, units and roundingPending
This review explains the figures supplied by Mugodhi Mining and Securities Ltd. It is not an audit, technical report, investment recommendation or independent verification.