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DRDGold reports increased revenues as gold prices soar despite production dip
Cape Times
|May 08, 2025
A 10% surge in average gold price boosted DRDGold’s revenues for the quarter ending 31 March by 4% despite a dip in gold produced and sold during the period.
Gold prices for the quarter averaged R1 685 760 per kilogram, representing a 10% surge compared to the previous quarter ended December 2024.
Revenue for the quarter subsequently firmed up by 4% compared to the previous quarter to about R1.8 billion amid gold sold for the period declining by 169kg to 1 109kg.
Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) decreased by 2% from the previous quarter to R761.7 million.
"Gold sold and produced decreased by 13% and 12% respectively, due to a 5% decrease in tonnage throughput and a 7% decrease in yield to 0.181g/t," said DRDGold on Wednesday.
"Tonnages decreased mainly due to unprecedented wet weather conditions, which inhibited access to certain sites and consequently impacted the desired blend of reclamation material."
Denne historien er fra May 08, 2025-utgaven av Cape Times.
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