Media releases

DRDGOLD guidance for December 2010 Quarter

Details

Published: Friday, 21 January 2011 02:00

Johannesburg, South Africa, 21 January 2011: DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY) announced today that it expects Group gold production for the quarter ended 31 December 2010 to be about 6% higher than in the previous quarter at around 69 400oz, due to steady performance at the Crown and Ergo surface retreatment operations and an improved performance at the Blyvoor underground operation.

Johannesburg, South Africa, 21 January 2011: DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY) announced today that it expects Group gold production for the quarter ended 31 December 2010 to be about 6% higher than in the previous quarter at around 69 400oz, due to steady performance at the Crown and Ergo surface retreatment operations and an improved performance at the Blyvoor underground operation.

Cash operating costs are expected to be about 11% lower, a consequence of higher gold production and a quarter free of power utility Eskoms higher winter tariff.

It is estimated that capital expenditure will be about 31% higher, reflecting 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 December 2010 will be released to the market on or about 10 February 2011.

Queries:

South Africa & North America
James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)

United Kingdom/Europe
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)

For more information, please visit www.drdgold.com

Disclaimer:

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 continuing 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.