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Trading Update
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
(“Wits Gold”)
JSE Code: WGR ISIN: ZAE000079703
TSX Code: WGRCUSIP Number: S98297104
Trading update
In terms of the Listings Requirements of JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain
that the financial results for the period to be reported on will be more that 20%
different from that of the previous corresponding period. Accordingly, a
review of the financial results for the 6 months ended 30 June 2012 by
management, has indicated that they expect a basic and headline loss per
share of between 35 and 39 cents per share. In the prior comparative 6
month period the Company reported a basic and headline loss per share of
26.88 cents per share.
This increase in the basic and headline loss per share is mainly attributable to
increases in the non-cash share based payment expense for employees,
marketing expenditure and new project costs, coupled with decreases in
employment costs and interest received.
The financial information on which this trading statement is based has not
been reviewed or reported on by Wits Gold’s auditors. The results for the 6
months ended 30 June 2012 are expected to be published on or about 31
August 2012.
10 August 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 10/08/2012 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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