DRDGOLD Limited, has today issued an operating update for the quarter ended 31 March 2021 and reports a 6% quarter on quarter reduction in gold produced to 1,382kg. This is despite a 3% increase in ore milled. Yield was 9% down to 0.190g/t, compared to 0.208g/t in the previous quarter, and the volume of gold sold was down by 8% to 1,363kg.MEDIA RELEASE - Lower gold price, production reduce DRDGOLD quarter on quarter earnings » SENS - Operating update for the quarter ended 31 March 2021 »
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DRDGOLD is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2018, DRDGOLD provided jobs for 2 304 people, including 878 permanent employees. The remaining 1 426 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2018, the company produced 150 423oz of gold, generated R2 490.4 million in revenue, spent R1 452.7 million on capital projects (property, plant, equipment, surface) and 191ha of rehabilated land were lodged for clearance for redevelopment. Mineral Resources of 7.3Moz and Mineral Reserves of 3.3Moz were declared
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