DRDGold, one of the world’s largest gold tailings retreatment companies, has declared a final dividend for the 14th consecutive year as strong gold prices pushed the group’s profit skyward. At the release of its results for the year ended June 30, DRDGold declared a dividend of 40cs per share for the year.

"By producing and selling more gold at a substantially higher average rand gold price and containing working cost increases reasonably well, we recorded a much higher operating profit," DRDGold CEO Niel Pretorius said. The company operates the Far West Gold Recoveries, west of Johannesburg, and the Ergo operations in Brakpan which consist of surface recoveries and metallurgical processes.

Headline earnings were 127% higher year-on-year at R1.4-billion, compared with headline earnings of R634.5-million in the comparative period. “By producing and selling more gold at a substantially higher average rand gold price and containing working cost increases reasonably well, we recorded a much higher operating profit.”

This is the 14th consecutive financial year of DRDGOLD declaring dividends. The company achieved 99% of the upper limit of its production guidance and exceeded its cash operating cost guidance of R535 000/kg by just 1%. At year-end, the company remained debt-free. Of DRDGOLD’s 2021 financial year, CEO Niël Pretorius says: “By producing and selling more gold at a substantially higher average Rand gold price and containing working cost increases reasonably well, we recorded a much higher operating profit.”

DRDGOLD (JSE, NYSE: DRD), a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings, announced today that it expects earnings per share ("EPS") and headline earnings per share ("HEPS") of between 160.1 cents and 176.5 cents for the year ended 30 June 2021 compared to EPS and HEPS of 82.5 cents and 82.4 cents for the year ended 30 June 2020, respectively, being an increase of between 94% and 114%.

DRDGOLD expects to report a doubling in share earnings when it reports full year numbers for the 12 months ended June.

DRDGOLD yesterday identified Timothy Cumming as its new chairperson after a six-month search.

(Kitco News) - DRDGOLD (JSE, NYSE: DRD), a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings, announced today that it expects earnings per share ("EPS") and headline earnings per share ("HEPS") of between 160.1 cents and 176.5 cents for the year ended 30 June 2021 compared to EPS and HEPS of 82.5 cents and 82.4 cents for the year ended 30 June 2020, respectively, being an increase of between 94% and 114%.

Gold miner DRDGold, which is finalising its financial results for the year ended June 30, reports that its earnings per share (EPS) and headline earnings per share (HEPS) are likely to be between R16.01 and R17.65, which will be a year-on-year increase of between 94% and 114%.

Revenue is expected to rise 26% to R5.27bn in the year to end-June, with the group benefiting from higher prices and sales volumes