DRDGOLD LIMITED - Trading Statement and Production Update for the Year Ended 30 June 2018

Release Date: 29/08/2018 08:00
Code(s): DRD
Wrap Text
Trading Statement and Production Update for the Year Ended 30 June 2018

(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”)


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 2018 (“Results”) and
shareholders are accordingly advised that the Company expects to report:

    -   earnings per share of between 1.18 cents and 1.82 cents per share (a decrease of between
        63% to 43%, respectively) compared to earnings of 3.2 cents per share for the previous
        corresponding period; and

    -   headline earnings per share of between 1.53 cents and 1.87 cents per share compared to
        headline earnings of 0.2 cents per share for the previous corresponding period.

The expected increase in headline earnings per share for the year ended 30 June 2018 compared to
the previous corresponding period is primarily due to an increase in gold production of 10% from
4 265kg to 4 679kg that also resulted in:

    -   a decrease in cash operating costs of approximately 6% from R 489 549 per kg to
        approximately R459 000 per kg; and

    -   a decrease in all-in sustaining costs of approximately 5% from R 530 930 per kg to
        approximately R506 000 per kg.

Headline earnings includes transaction costs incurred in relation to the acquisition of the West Rand
Tailings Retreatment Project assets from Sibanye Gold Limited (trading as Sibanye-Stillwater),
amounting to R9 million.

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 2018.

29 August 2018

One Capital

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