Production update: 5%-7% rise in gold production expected
01 October 2014
Johannesburg, South Africa. 1 October 2014. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) announced in a production update released today that it expects an increase of between 5% and 7% in gold production for the quarter ended 30 September 2014, compared to the quarter ended 30 June 2014.
Cash operating unit costs (R/kg) are likely to have remained flat quarter on quarter.
An increase in cash operating profit of between 45% and 55% is expected.
Chief Executive Officer Niël Pretorius says the company is satisfied with the overall performance of the Ergo Plant.
DRDGOLD´s full results for the quarter, including an update on test work on the Flotation/Fine-Grind (FFG) circuit, will be released at or around 08:00 South African time on Friday, 24 October 2014 via SENS and the company´s website, www.drdgold.com.
South Africa & North America
James Duncan, Russell and Associates
+27 11 880 3924 (office)
+27 (0) 79 336 4010 (mobile)
Investor and Media Relations
Phil Dexter, St James’s Corporate Services
+44 (0) 20 7796 8644 (office)
+44 (0) 779 863 4398 (mobile)
For more information, please visit www.drdgold.com
Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a sustained strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses or other governmental approvals, changes in DRDGOLD’s competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors. These risks include, without limitation, those described in the section entitled “Risk Factors” included in our annual report for the fiscal year ended 30 June 2013, which we filed with the United States Securities and Exchange Commission on 25 October 2013 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events. Any forward-looking statement included in this report have not been reviewed and reported on by DRDGOLD’s auditors.