Management of Durban Roodepoort Deep, Limited (“DRD” Ticker symbol; JSE: DUR; NASDAQ:DROOY) today unveiled its plan to avoid the closure of the company’s North West Operations.
Stronger Rand, lower production hits financial performance SARB POLICY, MONEY BILL WILL CURB GOLD MINING GROWTH, SAYS DRD CHIEF The SA Reserve Bank’s current “tight monetary discipline” was described today (29 April 2003) as seemingly “at odds with South Africa’s reliance on export growth, the attainment of full employment and social redistribution”, by the Chairman and Chief Executive Officer of Durban Roodepoort Deep, Limited (DRD), Mark Wellesley-Wood.
Following public speculation that the gold production of Durban Roodepoort Deep, Limited, (DRD) for the March 2003 quarter may be substantially below par, the company has decided it prudent to release its production figures for the quarter, ahead of the release of its full operating and financial results on Tuesday, 29 April, 2003.
The appointment of Durban Roodepoort Deep, Limited's Chief Financial Officer Ian Murray to the post of Deputy Chief Executive Officer was among several Board and senior management changes announced on behalf of the Board today (Thursday, 30 January 2003) by Chairman and Chief Executive Officer Mark Wellesley-Wood.
Assisted by a higher gold price received and a gain on financial instruments, Durban Roodepoort Deep, Limited (DRD) reported a 54% increase in earnings per share to 12.3 US cents in the quarter ended 31 December 2002, Chairman and Chief Executive Officer Mark Wellesley-Wood announced today (Thursday, 30 January).