DRD - DRDgold Limited - Lower gold production expected in December quarter
DRD
DRDD
DRD - DRDgold Limited - Lower gold production expected in December quarter
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Nasdaq trading symbol: DROOY
("DRDGOLD" or "the company")
LOWER GOLD PRODUCTION EXPECTED IN DECEMBER QUARTER
DRDGOLD announced today that a man-winder motor in the sub-shaft at the FEV
shaft of its ERPM operation in Boksburg had burnt out over the weekend. This
would contribute to an expected negative variance in gold production from the
company`s South African based operations of up to 15% for the quarter ending 31
December 2007.
In the quarter ended 30 September 2007, the South African operations produced 89
157 oz of gold.
Niel Pretorius, CEO of DRDGOLD South African Operations (Pty) Limited, said
today that repairs to the damaged hoist were expected to take at least 10 days.
To relieve pressure on back-up infrastructure and to maintain production from
the higher-yielding areas of the mine, it had been decided to send crews which
are mining lower grade areas on leave.
"This incident, together with the loss of seven shifts arising from the closure
of all of the Blyvooruitzicht mine`s underground operations by the Department of
Minerals and Energy (DME) following a fatality earlier in the quarter, is a
setback in our drive towards stability. Our fundamentals remain strong however,
and we will have to work through these challenges," Pretorius said.
Randburg
5 December 2007
Sponsor
BDO QuestCo
Date: 05/12/2007 16:12:22 Produced by the JSE SENS Department.
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