Drdgold (DRD) has released an update.
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DRDGOLD Limited reported a significant 7% increase in gold production for the quarter ending September 2024, driven by a 13% rise in tonnage throughput, despite a slight decrease in yield. The company’s cash operating costs per kilogram decreased by 4%, aiding a 17% rise in adjusted EBITDA to R680.8 million, as higher gold prices boosted liquidity. With a completed solar power plant set to reduce costs further, DRDGOLD’s financial outlook remains promising.
For further insights into DRD stock, check out TipRanks’ Stock Analysis page.
