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MarketScreener Homepage  >  Equities  >  Nyse  >  DRDGOLD Limited    DRD

DRDGOLD LIMITED

(DRD)
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DRD: DRDGOLD LIMITED - Operating update for the year ended 30 June 2020

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08/05/2020 | 02:12am EDT

5 August 2020

DRD: DRDGOLD LIMITED - Operating update for the year ended 30 June 2020

DRD: DRDGOLD LIMITED - Operating update for the year ended 30 June 2020
Operating update for the year ended 30 June 2020

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ISIN: ZAE000058723
JSE share code: DRD
NYSE trading symbol: DRD
('DRDGOLD' or the 'Company')

OPERATING UPDATE FOR THE YEAR ENDED 30 JUNE 2020

Shareholders are advised that DRDGOLD produced 5,424 kilograms (174,385 ounces) of gold from its two
operations for the year ended 30 June 2020, representing a year on year increase of 9% compared to the gold
production of 4,977 kilograms for the year ended 30 June 2019. The increase is mainly attributable to a larger
contribution from Far West Gold Recoveries. DRDGOLD had earlier provided guidance of expected production
of between of 175,000 and 190,000 ounces, however, interruptions to its operations as a result of the national
lockdown declared by the South African government in response to the COVID-19 pandemic caused production
to come in marginally below the estimated range.

The Company also expects cash operating costs per kilogram to be in line with its guidance of R490,000/kg.

DRDGOLD´s cash and cash equivalents as at 30 June 2020 was R1,715.1 million, after paying a cash dividend
of R213.8 million in June 2020, and it remains free of bank debt as at 30 June 2020.

The information contained in this announcement does not constitute an earnings forecast. The financial
information provided is the responsibility of the directors of DRDGOLD, and such information has not been
reviewed or reported on by the Company´s auditors.



Johannesburg
5 August 2020



Sponsor
One Capital

Date: 05-08-2020 08:00:00
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Disclaimer

DRDGOLD Limited published this content on 05 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2020 06:11:09 UTC


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Financials (USD)
Sales 2021 364 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 075 M 1 075 M -
Capi. / Sales 2021 2,95x
EV / Sales 2022
Nbr of Employees -
Free-Float 54,1%
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 18,50 $
Last Close Price 12,57 $
Spread / Highest target 47,2%
Spread / Average Target 47,2%
Spread / Lowest Target 47,2%
Managers
NameTitle
Daniël Johannes Pretorius Chief Executive Officer, Executive Director & MD
Geoffrey Charles Campbell Independent Non-Executive Chairman
Adriaan Jacobus Davel Chief Financial Officer & Executive Director
Edmund Abel Jeneker Lead Independent Non-Executive Director
Johan Andries Holtzhausen Independent Non-Executive Director
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