The company stated that it will continue to explore further renewable energy initiatives in line with its commitment to sustainable as well as invest in capital infrastructure developments that underscore the throughput and output targets of Vision 2028.

The company expects to announce earnings per share and headline earnings per share of between 109.2 cents and 116.0 cents, which is, an increase of between 60% and 70% higher than the previous six months. The company is in the process of finalising its results for which are expected to be published on SENS on or about 18 February 2025.

The gold miner said on Thursday in a trading update it currently holds R661.2 million in cash and cash equivalents compared to R1.5bn at the end of 2023. DRDGOLD has “free cash inflow, calculated as cash from operating activities less cash outflow from investing activities of R318.9m, while cash outflow from investing activities reduced by R143.2m to R964m compared to R1bn in the first half of 2024.

Throughput tonnages increased by 22% from 8.1-million tonnes in the first half of the prior financial year to 9.9-million tonnes in the six months under review as a result of the successful commissioning and ramp-up of production from the 4L3, 4L14 and 5L27 dumps that started early in the 2024 calendar year.

In a trading update released on Thursday, 6 February, the miner announced that its earnings per share are set to skyrocket for the last six months of 2024. For the six months through December 2024, DRD’s earnings per share and headline earnings per share are expected to row by between 60% and 70%.

An increase in production from DRDGOLD’s Far West Recoveries helped offset initial low grade from its flagship Ergo property, east of Johannesburg. The company said it was on track for full year production guidance put at between 155,000 and 165,000 oz at a cash operating cost of about R870,000/kg.

The company expects to report headline earnings per share for the six months ended December of between 109.2c and 116c — an increase of between 60% and 70% from a year ago, it said in a statement on Thursday.