JSE-listed gold mining company DRDGold, which is in the process of finalising its results for the six months ended December 31, expects to report a 5% to 15% year-on-year increase in earnings per share (EPS) and headline earnings per share (HEPS).

Gold producer DRDGold expects its profits to have risen as much as 15% in the six months ended December, boosted by the higher rand-gold price.

Gold producer and tailing re-treatments specialist DRD Gold said on Tuesday lower-grade recoveries weighed on production in its six months to end-December, but it was still boosted by a 22% rise in the rand gold price received.

DRDGold anticipates a 5-15% increase in both EPS and HEPS for the first half of 2024, despite a decrease in gold sold. The firm's revenue is estimated to have risen by 12% from the previous year, majorly due to a 22% increase in the gold price received in rand terms.

DRDGold (NYSE:DRD) +1.1% in Tuesday's trading after saying it expects to report a 5%-15% Y/Y increase in earnings per share and headline earnings per share for the half-year ended December 31.