DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) has announced an 8% increase in gold production to 37 005oz for the quarter ended 30 September 2014.
DRDGOLD 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.
Further to the terms and cautionary announcement dated 25 July 2014, shareholders are advised that the pro forma financial information relating to the disposal of the underground mining and prospecting rights.
Shareholders of DRDGOLD are advised that the Company, Ergo Mining Operations Proprietary Limited and East Rand Proprietary Mines Limited have entered into an agreement, on 24 July 2014 to dispose of the underground mining and prospecting rights held by ERPM, and certain other assets on the related mining areas.
DRDGOLD shareholders are advised that the company estimates an increase of approximately 13% in gold production for the quarter ended 30 June 2014, compared to the quarter ended 31 March 2014.
DRDGOLD shareholders are advised that CFO Francois van der Westhuizen (34) has, by agreement, relinquished his position with the company and resigned from the board with effect from Friday, 18 July 2014.
DRDGOLD Limited, today reporting its results for the quarter and nine months ended 31 March 2014, has highlighted various measures, some already initiated and some planned, to address the challenges it experienced in the commissioning of the new High Grade Section of its Brakpan plant.
DRDGOLD shareholders are referred to the announcement released on SENS on 18 March 2014, relating to the acquisition by the Company of the 26% interest in its operating subsidiary, Ergo Mining Operations Limited, that it does not already own, from Khumo Gold SPV Limited and the DRDSA Empowerment Trust.
DRDGOLD Limited has announced the appointment of chartered accountant (SA) Johan Holtzhausen as an independent non-executive director of the company with effect from 25 April 2014.
DRDGOLD announced today that it has temporarily suspended its recently constructed high grade section – a flotation circuit, a set of fine-grind mills and the cyanide leach and carbon in pulp (CIP) circuit – to determine the cause of the metallurgical problems that have led to lower than expected gold production for Q3 FY14.
DRDGOLD Limited announced today that it has reached agreement with its black economic empowerment partners, Khumo Gold SPV (Proprietary) Limited and the DRDSA Empowerment Trust to substitute the BEE structure that has been in place since 2005 with a new arrangement.
DRDGOLD Limited in a production update released today, reported a quarter on quarter improvement in gold production of 4%, an increase in operating profit of 17% and a drop in all-in sustaining costs of 14%.