DRDGold ups operating profit on lower output as enviro cleanup weighs

February 14, 2017

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Gold-from-dumps producer DRDGold on Wednesday announced a 4% increase in operating profit to R172.6-million on 7% lower gold output for the six months to December 31. A rise in the rand gold price helped to offset the impact of lower production in the period, when the company focused on cleaning up its veteran Crown operation ahead of its closure. Gold production of 2 100 kg or 67 508 oz reflected a 2% decline in throughput to 12 632 000 t and a 6% decline in yield to 0.166g/t.

Category: General