DRDGOLD Limited announced today that it has signed heads of agreement with JSE-listed White Water Resources Limited in terms of which White Water Resources will acquire from DRDGOLDs 74%-owned subsidiary, East Rand Proprietary Mines Limited (ERPM).
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DRDGOLD Limited today reported an 11% increase in cash operating profit for the quarter ended 31 March 2010 to R96.9 million, reflecting a 4% rise in total gold production to 62 404oz and a 1% drop in cash operating unit costs to R221 400/kg.
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DRDGOLD Limited announced today that South African Competition Commission approval has been obtained for its acquisition of the 50% equity interest of Mintails Limited in Ergo.
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DRDGOLD announced today that the High Court of South Africa has agreed to lift, with immediate effect, the provisional judicial management order in respect of the Company's 74%-owned subsidiary, Blyvooruitzicht Gold Mining Company Limited.
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DRDGOLD Limited announced today that, by mutual agreement, it and Aurora Empowerment Systems Limited are withdrawing from the December 2009 agreement between them.
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Blyvoor today filed papers with its joint judicial managers in anticipation of a meeting scheduled with them for tomorrow (18 March 2010), supporting its view that the mine should be lifted from judicial management.
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The High Court today (16 March 2010) extended the provisional judicial management order granted on 10 November 2009 to the 13th of April 2010.
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DRDGOLD Limited has announced a 4% increase in gold production to 59 866oz for the quarter ended 31 December 2009.
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DRDGOLD will host analysts and fund managers to an investor briefing today (Friday, 29 January 2010) at 08:00 South African time. The presentation to be made at the briefing will be available on this website.
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DRDGOLD Limited announced today that it has agreed a transaction with Mintails Limited worth a total of R82 088 321, in terms of which DRDGOLD will acquire Mintails' 50% interest in Ergo.
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Shareholders are referred to the announcement dated 2 December 2009 relating to the sale of a 60% interest in DRDGOLD SAs wholly owned Blyvoor, to Aurora for a consideration of R296.2 million with effect from 1 December 2009.
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James Duncan
Russell and Associates
Tel: +27 (0) 11 880 3924
Mobile: +27 82 892 8052
E-mail: james@rair.co.za
Phil Dexter
St James’s Corporate Services
Tel: +44 (0) 20 7499 3916
Fax: +44 (0) 20 7491 1989
Mobile: +44 779 863 4398
E-mail: phil.dexter@corpserv.co.uk