The company retreats mining dumps and tailings left by former gold mining firms but its operations – Ergo east of Johannesburg and Far West Gold Recoveries in the far west next to Sibanye-Stillwater gold mines – sit beside stranded communities.

Higher-than-inflation increases for diesel, steel and chemicals have contributed to an expected decrease in headline earnings

DRDGold said it expects to release its annual results on August 24. South Africa’s DRDGold expects its full-year profit to be cut by as much as a third amid surging costs and lower production, the company said on Wednesday.

South Africa’s DRDGold expects its full-year profit to be cut by as much as a third amid surging costs and lower production, the company said on Wednesday.

DRDGold expects its full-year profit to be cut by about a third amid surging costs and lower production, the company said on Wednesday.

DRDGOLD has reported gold production of 183 902 oz at a cash operating cost of R600 875/kg, with a capital investment of R584.1 million for the year ended FY2022.

Surface gold mining company DRDGold expects to report lower earnings on better-than-guided production and lower capital investment.

Precious metals group Sibanye Stillwater and its dump retreatment subsidiary DRDGold have posted trading statements indicating sharp drops in profits for their financial periods to end-June.

DRDGOLD, which mines gold dumps around Johannesburg, said yesterday that while its core profit decreased in the quarter ended March 31, 2022, due to rising costs, it was still set to declare a final dividend in August.

Gold miner DRDGold’s production decreased by 3% quarter-on-quarter to 49 066 oz for the three months ended March 31, primarily owing to a 5% decrease in tonnage throughput.