Trading statement and production update for the six months ended 31 December 2017
01 February 2018
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, notwithstanding 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.
1 February 2018