[miningmx.com] — DRDGold (DRD) advised on Friday that it expects its group gold production for the quarter ended December 2010 to be about 6% higher than in the previous quarter, at around 69 400oz, due to steady performance at the Crown and Ergo surface retreatment operations and an improved performance at the Blyvoor underground operation.
Cash operating costs are expected to be about 11% lower, a consequence of higher gold production and a quarter free of power utility Eskom’s higher winter tariff.
It is estimated that capital expenditure will be about 31% higher, reflecting development of the Crown-Ergo pipeline.
DRDGold’s results will be released to the market on or about 10 February.
