DRDGold expects output rise | Fin24
  • Solly Moeng

    Give business owners a reason to stay in South Africa.

  • Pravin Gordhan

    The minister says SA is paying more for electricity because of theft at Medupi and Kusile.

  • Keep Flying the Flag

    The ANC says the state must keep a 'restructured' SAA as a national airline.


DRDGold expects output rise

Jan 22 2015 08:48

(File) (Shutterstock)

Related Articles

DRDGold records 13% drop in revenue


Johannesburg - Gold producer DRDGold [JSE:DRD] expects an increase of 6% in gold production for the six months ended December 31, compared to the previous six months.

"Operating profit for the six months is likely to be around five percent higher, in line with the increase in gold production for the same period, while the company's cash and cash equivalents balance is expected to have increased by 19 percent since 30 September 2014," the company said in a statement on Wednesday.

CEO Niel Pretorius attributed the improvement in gold production to the restoration of metallurgical efficiencies.

He said operating business improvements followed the suspension of the company's new flotation and fine-grind circuit in April 2014.

DRDGold will release full results for the quarter and the six months that ended on December 31 on February 19.

drdgold  |  gold  |  mining


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote