Witwatersrand Consolidated Gold Resources Limited - Trading update
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR ISIN: ZAE000079703
TSX Code: WGR CUSIP Number: S98297104
JOHANNESBURG, Aug. 10, 2012 /CNW/ - In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will be more that 20% different from that of the previous corresponding period. Accordingly, a review of the financial results for the 6 months ended 30 June 2012 by management, has indicated that they expect a basic and headline loss per share of between 35 and 39 cents per share. In the prior comparative 6 month period the Company reported a basic and headline loss per share of 26.88 cents per share.
This increase in the basic and headline loss per share is mainly attributable to increases in the non-cash share based payment expense for employees, marketing expenditure and new project costs, coupled with decreases in employment costs and interest received.
The financial information on which this trading statement is based has not been reviewed or reported on by Wits Gold's auditors. The results for the 6 months ended 30 June 2012 are expected to be published on or about 31 August 2012.
10 August 2012
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
SOURCE Wits Gold