Media releases

Production update: Approximate 13% rise in gold production

Details

Published: Monday, 21 July 2014 02:00

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 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.

Cash operating costs are expected to be down by approximately 6%, while cash and cash equivalents have increased from R206 million to approximately R210 million.

Chief Executive Officer Niël Pretorius says: "Following the suspension of the flotation and fine grind (“FFG”) circuit in April, it was important that we stabilise Ergo's carbon in leach circuit. This circuit is now delivering into call, and we are well positioned to start a three-month test programme of the FFG in September 2014, after Eskom's winter tariffs come to an end.”

DRDGOLD’s full results for the quarter and year ended 30 June 2014 will be released at or around 08:00 South African time on Tuesday, 2 September 2014 via SENS and the company’s website, www.drdgold.com.

Roodepoort
21 July 2014

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