With the global economic downturn putting pressure on the profits of mining companies, the industry is expected to increasingly partner with universities to assist with the research and development of new technologies.
Shareholders of DRDGOLD are hereby informed of the following production update for FY17Q1 compared to FY16Q4.
DRDGOLD Limited has announced a final dividend of 12 South African cents per share (cps), making a total declared dividend for FY2016 of 62cps, a more than five-fold increase on the total distribution of 10cps in FY 2015.
DRDGOLD Limited has declared a third-quarter dividend of 38 South African (SA) cents per share for the quarter ended 31 March 2016.
DRDGOLD Limited has reported a 4% increase in quarter on quarter gold production for the quarter ended 31 March 2016 to 1 187 kilograms, in spite of a 7% decrease in throughput to 5 896 000 tonnes.
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement.