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DRDGOLD LIMITED - Trading statement and trading update for the year ended 30 June 2017

Release Date: 25/08/2017 08:00
Code(s): DRD     PDF:  
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Trading statement and trading update for the year ended 30 June 2017

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

TRADING STATEMENT AND TRADING UPDATE FOR THE YEAR ENDED 30 JUNE 2017

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty, the
financial results for the current reporting period will differ by at least 20% from the financial results of the
previous corresponding period.

DRDGOLD is in the process of finalising its results for the year ended 30 June 2017 (“Results”) and
shareholders are accordingly advised that the Company has reasonable certainty that it will report:

    -   earnings per share to be between 1.7 cents and 4.7 cents per share (a decrease of between
        88% to 68%, respectively) compared to 14.7 cents earnings per share for the previous
        corresponding period; and

    -   headline loss / earnings per share to be between a loss of 1.0 cents and earnings of 1.5 cents
        per share (a decrease of between 108% to 88%, respectively) compared to headline earnings
        of 12.7 cents per share for the previous corresponding period.

The expected decrease in earnings per share and headline earnings per share for the year ended
30 June 2017 compared to the previous corresponding period were primarily due to higher cash
operating unit costs from the more expensive clean-up activities associated with the legacy sites in the
western Witwatersrand, including the “knock-on” effect of processing this reclaimed material resulting in
a lower overall yield. As a result, gold production for the year was down by 4% to 4 265 kilograms.

The above information has not been reviewed or reported on by the Company’s auditors. The
Company’s Results are expected to be published on or about 5 September 2017.



Johannesburg
25 August 2017

Sponsor
One Capital

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