DRD: DRDGOLD LIMITED - Trading statement for the year ended 30 June 2016
August 22, 2016 at 02:19 am EDT
Share
22 August 2016
DRD: DRDGOLD LIMITED - Trading statement for the year ended 30 June 2016
DRD: DRDGOLD LIMITED - Trading statement for the year ended 30 June 2016
Trading statement for the year ended 30 June 2016
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
NYSE trading symbol: DRD
('DRDGOLD' or the 'Company')
TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty,
the financial results for the current reporting period will differ by at least 20% from the financial results
of the previous corresponding period.
DRDGOLD is in the process of finalising its results for the year ended 30 June 2016 ('Results') and
shareholders are accordingly advised that the Company expects to report:
- headline earnings per share to be between 12.2 cents and 13.3 cents per share, which
represents an increase of 23% to 34%, respectively, compared to 9.9 cents per share for the
previous corresponding period; and
- earnings per share to be between 14.0 cents and 15.3 cents per share, which represents a
decrease of 12% to 20%, respectively, compared to 17.4 cents per share for the previous
corresponding period.
The decrease in earnings per share is mainly due to non-recurring items that contributed approximately
5 cents per share more to the corresponding period compared to the year ended 30 June 2016. These
specific items are excluded from headline earnings.
The above information has not been reviewed or reported on by the Company´s auditors. The
Company´s Results are expected to be published on or about 30 August 2016.
Johannesburg
22 August 2016
Sponsor
One Capital
Date: 22/08/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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information disseminated through SENS.
DRDGOLD Limited published this content on 22 August 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 August 2016 06:19:10 UTC.
Original documenthttp://www.drdgold.com/investors-and-media/sens-news-view/2016/0660503e-bfcd-47d0-a52f-70a88b9521f5
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DRDGOLD Limited is a South Africa-based holding company. The Company is primarily involved in the retreatment of surface gold tailings. The Companyâs business includes Ergo, Far West Gold Recoveries (FWGR), Hot Button Features and Resources and Reserves. Ergo business is a surface gold retreatment operation, which treats old slime dams and sand dumps to the south of Johannesburgâs central business district, as well as the East and Central Rand goldfields. The operation comprises three plants. The Ergo and Knights plants operate as metallurgical plants. The Ergo plant treats around 1.7 Mtpm of material. The City Deep plant operates as a pump/milling station feeding the metallurgical plants. The Companyâs FWGR is a surface gold retreatment operation that treats old slime dams in the West Rand goldfields and is located near Carletonville in South Africaâs Gauteng province. Mineral Resources consist of sand dumps, slimes dams and silted areas and dams.