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 10 months ended 31 December 2011 by
management, has indicated that they expect a basic and headline loss per
share of between 70 and 80 cents per share. In the prior comparative 12
month period the Company reported a basic and headline loss per share of
50.11 cents per share.
This increase in the basic and headline loss per share is mainly attributable
to an increase in employment related expenditure of R9.3 million. The
increase in employment related expenditure results mainly from the accounting
for R5.6 million of non-cash share based payment expenditure and an increase
of R3.8 million in cash based remuneration.
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 10
months ended 31 December 2011 are expected to be published on or about 29
March 2012.
20 March 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary)
Limited
(Registration number 1970/003711/07)
Date: 20/03/2012 16:00:01 Produced by the JSE SENS Department.
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