News Column

DRDGOLD Limited - Production update, Approximate 13% rise in gold production

July 23, 2014



ENP Newswire - 23 July 2014

Release date- 22072014 - DRDGOLD shareholders are advised that the company estimates an increase of approximately 13% in gold production for the quarter ended 30 June 2014, compared to the quarter ended 31 March 2014.

Cash operating costs are expected to be down by approximately 6%, while cash and cash equivalents have increased from R206 million to approximately R210 million.

Chief Executive Officer Niel Pretorius says: 'Following the suspension of the flotation and fine grind ('FFG') circuit in April, it was important that we stabilise Ergo's carbon in leach circuit. This circuit is now delivering into call, and we are well positioned to start a three-month test programme of the FFG in September 2014, after Eskom's winter tariffs come to an end.'

DRDGOLD's full results for the quarter and year ended 30 June 2014 will be released at or around 08:00 South African time on Tuesday, 2 September 2014 via SENS and the company's website, www.drdgold.com.

Investor Contact:

James Duncan

Russell and Associates

Tel: +27 11 880 3924

Fax: +27 11 880 3788

Email: james@rair.co.za


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Source: ENP Newswire


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