DRDGOLD has reported a 6% increase in gold production to 65 267oz for the quarter ended 30 September 2010, reflecting increasing stability in the underground operations of the companys Blyvoor operation and a stable performance by both of its surface retreatment-only operations.
DRDGOLD Limited announced today that its 74%-owned subsidiary DRDGOLD South African Operations (Pty) Limited has established a R500 million Domestic Medium Term Note Programme under which it may from time to time issue notes.
Shareholders are advised that the audited annual financial statements for the 12 months ended 30 June 2010 as contained in the annual report were distributed to shareholders on 30 September 2010 and contain no material modifications to the reviewed preliminary results.
A R300 million project could boost to 600Mt the potential resource - contained in gold mine tailings dumps across the western, central and eastern Witwatersrand - available to DRDGOLDs Ergo and Crown surface retreatment operations, DRDGOLD Executive Officer: Operations Charles Symons said today.
DRDGOLD Limited reported a substantial increase in net profit after tax for the quarter ended 30 June 2010 to R247.9 million from the previous quarter’s R12.9 million, reflecting the impact of continuing steps by the company – in line with stated strategy – to de-risk its business.
DRDGOLD Limited announced today that it has signed heads of agreement with JSE-listed White Water Resources Limited in terms of which White Water Resources will acquire from DRDGOLDs 74%-owned subsidiary, East Rand Proprietary Mines Limited (ERPM).
DRDGOLD Limited today reported an 11% increase in cash operating profit for the quarter ended 31 March 2010 to R96.9 million, reflecting a 4% rise in total gold production to 62 404oz and a 1% drop in cash operating unit costs to R221 400/kg.
DRDGOLD announced today that the High Court of South Africa has agreed to lift, with immediate effect, the provisional judicial management order in respect of the Company's 74%-owned subsidiary, Blyvooruitzicht Gold Mining Company Limited.
Blyvoor today filed papers with its joint judicial managers in anticipation of a meeting scheduled with them for tomorrow (18 March 2010), supporting its view that the mine should be lifted from judicial management.
DRDGOLD will host analysts and fund managers to an investor briefing today (Friday, 29 January 2010) at 08:00 South African time. The presentation to be made at the briefing will be available on this website.