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DRD - DRDGold Limited - DRDGold guidance for December 2010 quarter

Release Date: 21/01/2011 08:00
Code(s): DRD
Wrap Text

DRD - DRDGold Limited - DRDGold guidance for December 2010 quarter DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1895/000926/06) JSE share code: DRD ISIN: ZAE000058723 Issuer code: DUSM Nasdaq trading symbol: DROOY ("DRDGOLD") DRDGOLD GUIDANCE FOR DECEMBER 2010 QUARTER Johannesburg, South Africa, 21 January 2011: DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY) announced today that it expects its Group gold production for the quarter ended 31 December 2010 to be about 6% higher than in the previous quarter, at around 69 400oz due to steady performance at the Crown and Ergo surface retreatment operations and an improved performance at the Blyvoor underground operation. Cash operating costs are expected to be about 11% lower, a consequence of higher gold production and a quarter free of power utility Eskom`s higher winter tariff. It is estimated that capital expenditure will be about 31% higher, reflecting development of the Crown-Ergo pipeline. The information contained in this announcement has not been reviewed or reported on by DRDGOLD`s auditors. The detailed report for the quarter and half year ended 31 December 2010 will be released to the market on or about 10 February 2011. Roodepoort 21 January 2011 Sponsor One Capital Date: 21/01/2011 08:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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