Media releases

DRDGOLD production update

Details

Published: Tuesday, 01 November 2016 02:00

Shareholders of DRDGOLD are hereby informed of the following production update for FY17Q1 compared to FY16Q4.

Shareholders of DRDGOLD are hereby informed of the following production update for FY17Q1 compared to FY16Q4:

• volume throughput amounted to 6,6 million tonnes compared to 6,1 million tonnes, an 8% increase; and
• gold production amounted to 1 034kg compared to 1 022kg, a 1% increase.

The increase in throughput offset the effects of maintenance to the City Deep mills, causing quarter on quarter production to end flat.

The final clean-up of specific Crown sites weighed in on costs and FY17Q1 cash and cash equivalents ended at R335 million (R352 million FY16Q4). The effect of this clean-up is likely to continue until FY17Q3.

South Africa & North America
Investor and Media Relations

James Duncan
Russell and Associates
+27 11 880 3924 (office)
+27 (0) 79 336 4010 (mobile)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James’s Corporate Services
+44 (0) 20 7796 8644 (office)
+44 (0) 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 sustained strengthening of the rand against the dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses 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 integrated report for the fiscal year ended 30 June 2016, which we filed with the United States Securities and Exchange Commission on 31 October 2016 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 after the date of this report or to the occurrence of unanticipated events. Any forward-looking statements included in this release have not been reviewed and reported on by DRDGOLD’s auditors.