durban roodepoort deep, limited · grade trend for the six months oct 2000 – march 2001 at north...
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DURBAN ROODEPOORT DEEP, LIMITED
Quarterly resultsfor the quarter ended March 2001
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DRD is an independent gold producer focussing on extending mine lives safely and profitably
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March Quarter achievements
Costs contained in absolute terms
Balance sheet improvements continue
Vendor reductions: from 7 000 → 2 500 at 31 March 2001; target < 1 000
Blyvoor Expansion Programme optimised
But, lower gold production (-9%)
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Group Gold ProductionGold production for the six months Oct 2000 – March 2001
Kg (‘000) oz (‘000)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Oct-00 Nov-00 Dec-00 Jan-01 Feb-01 Mar-010
20
40
60
80
100
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Recovered Grade TrendsGrade trend for the six months Oct 2000 – March 2001 at North West Operations (Hartebeestfontein & Buffelsfontein Mines) (g/t)
5.5
6.0
6.5
7.0
Oct-00 Nov-00 Dec-00 Jan-01 Feb-01 Mar-011.5
2.0
2.5
3.0
Underground Average (incl. surface sources)
Underground Average (incl. surface)
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Recovered Grade TrendsGrade trend for the six months Oct 2000 – March 2001 at Blyvooruitzicht Mine (g/t)
5
6
7
8
9
10
Oct-00 Nov-00 Dec-00 Jan-01 Feb-01 Mar-012.0
2.5
3.0
Underground Average (incl. surface sources)
Underground Average (incl. surface)
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Operational Breakdown
New milling programme
Main Reef expansion
Steady state
Resource potential
20.9
1.4
10.8
15.4
241
254
233
161
142 363
51 280
41 570
17 168
N West*
Blyvoor
Crown**
Tolukuma
Comment
Cash operating
profit Rm
Costs
$/oz
Production ounces
(troy)
*North West Operations include Hartebeestfontein and Buffelsfontein Operations** Crown Operations include the West Wits Operation
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Lowering CostsCash operating costs: Dec 1997 – March 2001
US$/oz
200
220
240
260
280
300
320
340
Dec'97
Jun'98
Dec'98
Jun'99
Dec'99
Jun'00
Dec'00
Mar'01
Salary Increases
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Cash Profit after Capex
-10
-8
-6
-4
-2
0
2
4
Dec-99 Mar-00 Jun-00 Sep-00 Dec-00 Mar-01
$m
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Hedge Book Impact on PV
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Investment Focus
Cash Cash on hand of R129m ($16m)
Closure of loss-makers
Closure of West Wits (44kg/m) dump re-processing
Sale of non-core assets
Disposal of Mine Waste Solutions
Growth Tolukuma exploration results encouraging
Returns2001 / 2002 budget calling for 18% ROIC
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DRD
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www.durbans.com
The world’s most leveraged gold company
0.7
0.9
1.1
1.3
1.5
1.7
1.9
01/0
1/02
01/0
1/09
01/0
1/16
01/0
1/23
01/0
1/30
01/0
2/06
01/0
2/13
01/0
2/20
01/0
2/27
01/0
3/06
01/0
3/13
01/0
3/20
01/0
3/27
01/0
4/03
01/0
4/10
01/0
4/17
DROOY - Indexed Gold Price - Indexed
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