durban roodepoort deep, limited · grade trend for the six months oct 2000 – march 2001 at north...

DURBAN ROODEPOORT DEEP, LIMITED

Quarterly resultsfor the quarter ended March 2001

DRD is an independent gold producer focussing on extending mine lives safely and profitably

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%)

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

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)

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)

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

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

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

Hedge Book Impact on PV

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

DRD

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

END