SA’s leading gold tailings retreatment specialist, DRDGold, says higher sales volumes helped offset pressure from increased electricity and labour costs in its first-quarter ending September, when core profit rose 16% from the prior three months.
Gold production increased 7% from the previous quarter to 1,449kg primarily due to an 8% increase in yield, the group said in an update, with earnings before interest, taxation, depreciation and amortisation , or core profit, growing 16% to R350.8m...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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