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DRDGOLD:  1,487   0 (0.00%)  01/01/1970 00:00

DRDGOLD LIMITED - Trading statement and production update for the six months ended 31 December 2017

Release Date: 01/02/2018 08:10
Code(s): DRD     PDF:  
Wrap Text
Trading statement and production update for the six months ended 31 December 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 PRODUCTION UPDATE FOR THE SIX MONTHS ENDED 31 DECEMBER 2017

In terms of paragraph 3.4(b) of the 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 six months ended 31 December 2017
(“Results”) and shareholders are accordingly advised that the Company has reasonable certainty that
it will report:

    -    earnings per share to be between 14.16 cents and 14.64 cents per share compared to
         earnings of 0.6 cents per share for the previous corresponding period; and

    -    headline earnings per share to be between 14.06 cents and 14.54 cents per share compared
         to headline loss of 2.4 cents per share for the previous corresponding period.

The expected increase in earnings per share and headline earnings per share for the six months
ended 31 December 2017 compared to the previous corresponding period were primarily due to an
11% increase in gold produced despite a 4% decrease in the rand gold price received.

We are planning gold production from our operations of 147,000 to 153,000 ounces at cash operating
costs of approximately R475,000 per kilogram for the year ending 30 June 2018.

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 15 February 2018.

Johannesburg
1 February 2018

Sponsor
One Capital

Date: 01/02/2018 08:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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