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« on: April 25, 2013, 08:53:54 am »
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
Registration No. 1895/000926/06 / JSE share code: DRD ISIN: ZAE 000058723
NYSE trading symbol: DRD
("DRDGOLD" or "the Group")
REPORT TO SHAREHOLDERS
for the quarter and nine months ended 31 March 2013
GROUP RESULTS: KEY FEATURES
FOR THE QUARTER Q3 2013 v Q3 2012
- Gold production up 3% to 35 976 oz
- Gold revenue up 16% to R531.0 million
- Operating profit up 5% to R170.7 million
- Cash operating costs up 3% to US$1 111/oz
- Headline earnings up 17% to 14 cps
FOR THE NINE MONTHS FY2013 v FY2012
- Gold production up 7% to 110 822 oz
- Gold revenue up 20% to R1 638.4 million
- Operating profit up 15% to R583.1 million
- Cash operating costs up 1% to US$1 091/oz
- Headline earnings up 51% to 59 cps
ERPM, ZIMBABWE
As reported last quarter, we intend to dispose of our ERPM underground mining asset in South Africa and our exploration assets in Zimbabwe. Various
expressions of interest have been received and these are being assessed, our objective being to secure the best deals that maximise value for shareholders.
LOOKING AHEAD
As we move into the exciting commissioning phase of the new flotation/fine-grind circuit at Ergo's Brakpan plant our first delivery from our ongoing
research and development programme we are cautiously optimistic about this project's ability to deliver into targeted operating and financial
performance. Meantime, as our strategic capital commitments come to an end, we remain focused on maximising the operating and financial capabilities
of the Brakpan plant's CIL circuit. A key element here is improved productivity, both at operational and individual employee level.
OK, as far as I can see I am talking to myself and Mr Bond.
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