You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements. Important factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following:
I Ndlangamandla, a fitter, was killed while performing routine maintenance at the Knights Plant. Manhica died in a conveyance incident. We extend our deepest condolences to their families, colleagues and friends. With respect to other safety parameters, Group performance was once again mixed, pointing to a need for continuing safety focus.
Work on the Group-wide behaviour-based safety initiative, briefly suspended during the Section A process at Blyvoor, has been resumed, and a number of mini safety campaigns are running concurrently across all of the operations. All drilling machines have now been muffled and all fans silenced at Blyvoor.
Installation of wet scrubbers at tips will begin on completion of the necessary research. A total of R9. Net profit was R6.
These risks include, without limitation, those described in the section entitled "Risk Factors" included Cross 9e tbb ch15 our annual report for the fiscal year ended 30 Junewhich we filed with the United States Securities and Exchange Commission on 27 November on Form F.
You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events.
Lower throughput reflects the continued impact of the wage strike and of the Section A restructuring process into October Yield continued to be lower as the underground operations still recover from the seismic damage incurred in June This was mainly as a consequence of the lower summer-month power tariff applicable and of lower employment costs incurred following restructuring.
A cash operating profit of R This was due both to there being no opening up and development during the strike and to strict management of costs as part of the judicial management process.
The higher yield resulted from the continuing clean-up of various tailings footprints, while the lower throughput was mainly the consequence of necessary plant maintenance in the aftermath of the wage strike.
Improved yield should result as a consequence of an increase in volumes from Elsburg. Blyvoor Underground diamond drilling totalled Cover holes were drilled atand The other prospect holes are ongoing.
Reconnaissance visits were made to the Carbon Leader areas at No 5 Shaft. Normal stope face sampling and geological mapping is ongoing. Crown and Ergo The Top Star boundary with Park Central township was drilled for the planning of the embankments and also to understand the extent of the slime that will form part of the embankments along the top road.
All other drilling was directed at short- and medium-term grade control. Aurora has paid R5 million toward the purchase consideration and will allow DRDGOLD to conduct a feasibility study on the extensive Grootvlei and Marievale tailings dams near Ergo, after which DRDGOLD may elect to either receive the balance of the purchase price in cash or establish a 10 year exclusive option to treat the aforementioned tailings dams.
For the near term, our focus will therefore remain much of the same - reducing our risk exposure, controlling costs and managing margins. A primary focus will be Ergo:MB Financial is a leading commercial bank serving the Chicago market 3 Provides the majority of the funding for commercial lending business Provides 58% of deposits Provides 14% of loans High percentage of core funding Low reliance on CDs Focused on low-cost deposits, deposit service fees, and business banking, and card services Retail Banking.
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