South Africa, where the company’s operations are located, has its own unique political, economic, and social challenges and risks, which require appropriate, proactive mitigation and responses to ensure the company’s sustainability. It also signals the strategic need for further diversification over time.
The company would continue to navigate challenges in the country which included “societal instability, poor service delivery, poor standards of political governance and clumsy policy”. It also said the ruling ANC was in a “battle for the soul” of the party.
The company released its annual integrated report (AIR) for the 12 months ended June 30, which covers the group's financial, operational and growth, environmental, social, and health and safety performance.
DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF) CEO Niël Pretorius tells Proactive's Stephen Gunnion that the company is on track to continue its 15-year record of dividend payments due to its strong cash balance.
All-in sustaining costs per kilogram were R755 201, decreasing 14% quarter-on-quarter, mainly due to a 68% decrease in sustaining capital expenditure. All-in costs per kilogram were R796 255, decreasing 9% quarter-on-quarter.
DRDGOLD Limited has reported a 1% quarter-on-quarter increase in gold production to 1453 kg, due primarily to a 1% increase in tonnage throughput, in an operational update for 3Q22.
DRDGOLD Ltd said its gold production in the quarter ended September 30, 2022, rose 1% from the previous three-month period to 1,453kg, primarily driven by a 1% increase in tonnage throughput as the amount of gold sold decreased by 4kg to 1,442kg. In an operational update, the company said it remains in a favourable position to consider declaring an interim cash dividend in or around February 2023.
SA gold producer DRDGold says it’s on track to reward investors with a half-year dividend, even as gold sales fell slightly during the three months ended September 30 and the company undertakes a R1.4bn capex programme.
Surface gold mining company DRDGold on Wednesday reported a 1% quarter-on-quarter increase in gold production to 1 453 kg, on a 1% increase in tonnage throughput. DRDGold’s principal subsidiaries are Ergo, its flagship metallurgical plant located 50 km east of Johannesburg, in Brakpan; and Far West Gold Recoveries, near Carletonville, west of Johannesburg.
DRDGOLD has reported a 1% quarter-on-quarter increase in gold production to 1 453 kg, due primarily to a 1% increase in tonnage throughput, in an operational update for the quarter ended 30 September 2022. Gold sold decreased by 4 kg to 1 442 kg.
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Swiss Mining Institute (SMI) European Mining Investment 24 May 2023 (PDF - 4.54MB)
Results for the six months ended 31 December 2022 (PDF - 0.36 MB)