DRDGOLD Limited Announces Operating and Sales Results for the Quarter Ended 31 March 2020; Revises Production Guidance for the Year to 30 June 2020
For the quarter, the company reported gold sold of 47,004 ounces against 48,677 ounces a year ago.
The company's previous gold production guidance for the year to 30 June 2020 was between 175,000 and 190,000 ounces. On 10 January 2020, the company informed the market that it was tracking the higher end of this production guidance. As a result of the Lockdown and related interruptions in the company's business, and in anticipation of continuing uncertainty surrounding the COVID-19 pandemic, the company now expects to track the lower end of the gold production guidance of 175,000 ounces.