Johannesburg, South Africa, 6 April 2011: DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY) announced today that it expects its Group gold production for the quarter ended 31 March 2011 to be about 3% lower than in the previous quarter, at around 67 400oz. Cash operating unit costs are expected to be about 6% higher, a consequence of lower gold production.
It is estimated that capital expenditure will be about 11% higher than the previous quarter ended 31 December 2010, reflecting the continued development of the Crown/Ergo pipeline. The information contained in this announcement has not been reviewed or reported on by DRDGOLDs auditors. The detailed report for the quarter and half year ended 31 March 2011 will be released to the market on or about 19 April 2011.
South Africa & North America
James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)
Investor and Media Relations
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)
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 included in this document, 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 licences 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 2010, which we filed with the United States Securities and Exchange Commission on 29 October 2010 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 af