DRDGold is not looking for any external funding at this stage, said CEO Niel Pretorius said.
"We are not going to wait for our cash position to get to a point of no return," said Pretorius. A first step would be to rightsize before looking to external funding, he indicated.
"We are not going to simply allow the cash to run out," he stressed.
The company was quizzed on the need for potential funding after it posted a 91% fall in net profit to R110.7 million for FY09 compared with R1.2 billion in FY08.
Total gold production for the year from continuing operations was also 20% lower at 247 690 ounces.
Cash and cash equivalents at end June 2009 stood at R353.6 million, compared with R545.7 million at the end of the March quarter and R846.1 million at the end of June last year.
In working towards profitability, Pretorius said the company had to ensure that the business worked at R250 000/kg and live in hope that it would return to higher levels.
Cash operating costs for the full year were 33% higher at R212 228/kg compared with last year's R159 032/kg on a received price R250 589/kg.
In the coming six months, the company faces increased electricity tariffs and wages.
DRDGold anticipates that raised electricity tariffs could add about R20 000kg to unit costs, and wage increase could add a further R7 000kg.
Pretorius said the company's application to power utility Eskom to postpone the implementation of the price increase had been rejected, but was now before Eskom's CEO Jacob Maroga.
