Media releases

DRD completes hedge book close out

Details

Published: Monday, 08 July 2002 02:00

Embargo: For immediate release

Durban Roodepoort Deep, Limited (DRD) has confirmed that it has closed out its full revenue hedge book, as promised to the market.

The outstanding fixed loss on the close out was $17million, which will be repaid within the current financial year.

This means that the company will now receive the full spot price from its gold sales.

Queries:

James Duncan
Russell & Associates
+ 27 11 880 3924 (office)
+ 27 82 892 8052