WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources Limited - Trading update
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
("Wits Gold")
JSE Code: WGR ISIN: ZAE000079703
TSX Code: WGR CUSIP Number: S98297104
Trading update
In terms of the Listings Requirements of JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that
the financial results for the period to be reported on will be more that 20%
different from that of the previous corresponding period. Accordingly, a
review of the financial results for the 12 months ended 28 February 2011 by
management, has indicated that they expect a basic and headline loss per
share of between 47.50cents per share and 53.00 cents per share. In the
prior comparative period the Company reported a basic and headline loss per
share of 28.05 cents per share.
This increase in the basic and headline loss per share is mainly attributable
to a reduction in net finance income (R1.7m), and an increase in employment
related expenditure (R5.0m). The increase in employment related expenditure
results mainly from the accounting for R4.4m of non-cash share based payment
expenditure.
The financial information on which this trading statement is based has not
been reviewed or reported on by Wits Gold`s auditors. The results for the 12
months ended 28 February 2011 are expected to be published on or about 30 May
2011.
10 May 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary)
Limited
(Registration number 1970/003711/07)
Date: 10/05/2011 16:00:01 Produced by the JSE SENS Department.
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