DRDGold, one of the world's biggest dump retreatment specialists, pumped cash in the March quarter despite sharply lower gold output as a result of SA's coronavirus lockdown.

JOHANNESBURG - South African markets closed in the green yesterday as investors continued to remain optimistic that the worst of the coronavirus pandemic had passed following further easing of lockdown restrictions globally.

DRDGold, one of the world’s biggest dump retreatment specialists, pumped cash in the March quarter despite sharply lower gold output as a result of SA’s coronavirus lockdown

DRDGOLD adjusted production guidance for its 2020 financial year following COVID-19 lockdown regulations which resulted in a degree of downtime.

JOHANNESBURG - South African markets closed in the green yesterday as investors continued to remain optimistic that the worst of the coronavirus pandemic had passed following further easing of lockdown restrictions globally.

Surface gold mining company DRDGold on Thursday reported an 18% quarter-on-quarter increase in adjusted earnings to R389.3-million for the three months to March 31.

JOHANNESBURG, May 7 (ANA) - Mining company DRDGOLD on Thursday reported a 13 percent quarter on quarter decrease in gold production for the three months ending March, due primarily to a nine percent drop in yield and a four percent decline in tonnage.

Gold production reflected a 13% decrease quarter on quarter due primarily to a 9% decrease in yield and a 4% decrease in tonnage throughput compared to the previous quarter respectively, as the operations at Ergo Mining Proprietary Limited (Ergo) and Far West Gold Recoveries (FWGR) were temporarily halted towards the end of March 2020 as a result of the national lockdown declared by the South African government in response to the COVID-19 pandemic (“Lockdown”).

Expects to track lower end of gold production guidance of 175,000 ounces for year to 30 June2020