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Thu 29 Jul 2010
Close: 300c 
Day's move: -8c (-2.60%)
Volume: 301 197
Trades: 107
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Gold and silver revenue declined to R524 million (R536.5 million) for the March 2010 quarter. Operating profit decreased to R96.9 million (R129.9 million). Net attributable profit declined to R9.9 million (R34.1 million). In addition, headline earnings on a per basis fell to 0.4cps (10cps).
Outlook
Now that DRDGOLD has acquired full ownership of Ergo it is a major step for the company in terms of the shift towards gold recovery from surface retreatment, and provides the platform for fully exploring and exploiting synergies between Crown and Ergo. It is very satisfying to reflect on Blyvoor's efforts over the four months between December and March, and on continuing production build-up at Ergo. Achieving a full restoration of Blyvoor's underground recovery grades and developing the Ergo Crown synergies are our main priorities for the months to come.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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