DRDGOLD Limited (NYSE:DRD) (JSE:DRD), the gold producer, revealed it took first prize in the Sunday Times Top 100 Companies Awards, which acknowledges Johannesburg-listed companies which have earned the highest returns for their shareholders in the last five years.

DRDGold, a world leader in the recovery of the metal from the retreatment of surface tailings, would consider declaring an interim dividend in February, the group said yesterday. DRDGold said cash and cash equivalents increased by R300.1million to R2.015billion as at September 30, 2020, after paying the final dividend for the year ended June 30, 2020, of R299.1m.

Gold dump retreatment specialist DRDGoId signalled a potential interim dividend as its sales jumped by more than half in its first quarter with the gold price topping R1m a kilogram. DRDGold said on Tuesday its adjusted earnings before interest, tax, depreciation and amortisation (ebitda) more than doubled quarter on quarter to R770m after gold sales increased by 60°/o

Gold dump retreatment specialist DRDGold flagged a potential interim dividend as its sales jumped by more than half in its first quarter with the gold price topping R1,m a Kilogram

DRDGOLD said in an operating update that it would put cash, which stood as of September 30 at R2.02bn, into its extended capital programme for the year ended June, 2021. However “… management positions the company favourably to, in the absence of unforeseen events, consider declaring an interim dividend in February 2021,” it said. 

As a result, cash operating costs per kilogram of gold sold decreased by 10% to R489 750/kg. Cash operating costs per ton of material processed increased by 2% to R104/t. All-in sustaining costs per kilogram and all-in costs per kilogram were R588 239/kg (R579 180/kg) and R613 206/kg (R597 371/kg) respectively, the increases due mainly to a rise in sustaining capital expenditure.

DRDGOLD said on Tuesday its adjusted earnings before interest, tax, depreciation and amortisation (ebitda), which can be seen as a proxy for operating profit, more than doubled quarter-on-quarter to R770m after gold sales increased by 60%.

The company said that, despite the capex planned for the year, management positions it favourably to consider declaring an interim dividend in February 2021, in the absence of unforeseen circumstances. 

Gold production increased by 45% from the previous quarter to 1,514kg primarily due to a 27% increase in tonnage throughput and a 15% increase in yield. Gold sold increased by 60%. As a result, the cash operating cost per kilogram of gold sold decreased by 10% from the previous quarter to R489,750/kg. The cash operating cost per ton of material processed increased by 2% to R104/t.

JOHANNESBURG (miningweekly.com) – South Africa Inc should be doing much more to incentivise the recovery of precious metals from tailings dams for sound societal and environmental reasons that could free Johannesburg of its artificial ‘Berlin Wall’-type political legacy barriers that tilt commute times unfairly and block new-era residential development, DRDGOLD CEO Niël Pretorius said on Tuesday.