Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Shareholders are advised that DRDGOLD expects its group gold production for the year ended 30 June 2011 (FY2011) to be about 10% higher than in the previous year, at around 265 200oz. Cash operating unit costs for FY2011 are expected to be about 8% higher.
It is estimated that capital expenditure for FY2011 will be about 70% higher than the previous year, reflecting the continued development of the Crown/Ergo pipeline.
