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Quarterlies
2008
Q3F2008
Unaudited condensed consolidated results for the quarter and nine months
ended 30 September 2008, salient terms of the proposed rights offer
and withdrawal of cautionary announcement
Q2F2008
Unaudited condensed consolidated results for the quarter
and six months ended 30 June 2008
Highlights
- Gold production increases by 57,9% Quarter on Quarter
- Visible impact of new management deployed at current
operations
- Safety first culture and delay in financing impacts results
negatively
- Funding package structure finalised and R200 million
conditionally approved
- Discussion underway to convert short-term debt into
equity by means of a rights issue
- Discussions underway to restructure the current hedge
exposure on the East Rand
Q1F2008
Unaudited condensed consolidated results for the quarter ended 31 March 2008
Highlights
- Gold production increased by 35% from previous quarter
- Increased production dilutes hedged production from 36%
for the December 2007 quarter down to 27% for the
March 2008 quarter
- Acquisition of the Orkney and President Steyn operations
concluded
- Continued focus to improve safety performance
- Visible impact of management deployed at operations
- Turnaround strategy implemented on new operations
to achieve improved and consistent performance by
4th quarter in 2008
2007
Preliminary condensed consolidated results for the quarter and year ended 31 December 2007
Highlights
- Quarter on quarter cash cost reduced by 16% on the East Rand Operations
- 3rd consecutive fatality free quarter
- Continued improved safety performance
- Visible impact of new management deployed at current operations
- Turnaround on current operations to achieve improved and consistent performance by 2nd quarter in 2008
- Acquisition of Orkney and President Steyn finalised
- Transaction on uranium potential on East Rand operations concluded
QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2007
Highlights
- Fatality free quarter
- Safety performance improvement
- Acquisition strategy progressing to become a
420 000 oz annualised gold producer by year-end
- Pamodzi Gold aiming at becoming a 1 million oz pa gold
producer within 2 years
- Visible impact of new management deployed at current
operations
- Turnaround on operations to achieve improved and
consistent performance by 1st quarter in 2008
- Pamodzi Gold obtained management control over the
Orkney operations with effect from 25 September 2007
QUARTER AND SIX MONTHS ENDED 30 JUNE 2007
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 at becoming 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
QUARTER AND SIX MONTHS ENDED 31 MARCH 2007
Highlights
- Creating critical mass of 350 000 oz annualised gold production
- Target of 1 million oz per annum gold producer in 2 years
- New management deployed at current operations
- Action plan established to improve production on current operations within 12 months
- Orkney acquisition progressing as expected
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Latest Annual Report
31 July 2008
Annual Report 2007 [PDF - 2.6MB]
Latest News
29 July 2008
Status of fundraising, release of Annual Financial Statements and notice of Annual general meeting
27 June 2008
Further cautionary announcement
12 May 2008
First Quarter Results and the opening of Ndlovu Shaft
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