Highlights

• Safety has continued to improve with our East Rand Operations achieving one million fatality free shifts
• Cash operating costs are under control
• Acquisitions of Orkney and President Steyn mines are completed after year end, early 2008
• We have a strengthened management team with new appointments
• Turnaround on current operations set to achieve improved and consistent performance by fourth quarter of 2008.

Highlights

• 33 cents earnings per share for the quarter
• Fatality free quarter. Safety performance improved
• Progressing to become a 350 000 oz annualised gold producer early in 2008
• Aiming to become a 1 million oz pa gold producer in 2 years
• Visible impact of new management deployed at current operations
• Turnaround on operations to achieve improved and consistent performance by 4th quarter
• Uranium potential on East Rand operations being investigated