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DRDGOLD LIMITED - Production update: Rise in gold production of about 6% expected

Release Date: 21/01/2015 13:30
Code(s): DRD04 DRD     PDF:  
Wrap Text
Production update: Rise in gold production of about 6% expected

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
Interest Rate Issuer code: DRDI
ISIN: ZAE000058723
Issuer code: DUSM
NYSE trading symbol: DRD
(“DRDGOLD” or the “Company”)


PRODUCTION UPDATE: RISE IN GOLD PRODUCTION OF ABOUT 6% EXPECTED


DRDGOLD shareholders are advised that the Company expects an increase in gold
production of the order of 6% for the six months ended 31 December 2014 compared with
the six months ended 31 December 2013.

Operating profit for the six months is likely to be around 5% higher, in line with the increase
in gold production for the same period, while the Company’s cash and cash equivalents
balance is expected to have increased by 19% since 30 September 2014.

Chief Executive Officer Niël Pretorius attributed the improvement in gold production to the
restoration of metallurgical efficiencies and operating business improvements following the
suspension of the Company’s new flotation and fine-grind circuit in April 2014. Pretorius
announced that following the successful completion of test work in December 2014, the
second flotation stream was restarted in the second week of January 2015 while the third
stream is expected to be up and running by the end of the week.

Shareholders are advised that this update does not constitute an earnings forecast, and that
the financial information provided has neither been reviewed nor reported on by the external
auditors. DRDGOLD’s full results for the quarter and six months ended 31 December 2014
will be released at or around 08:00 South African time on Thursday, 19 February 2015, via
SENS and the Company’s website, www.drdgold.com.

Roodepoort
21 January 2015

Sponsor and Debt Sponsor
One Capital

Date: 21/01/2015 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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