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Drdgold ( (DRD) ) just unveiled an update.
DRDGOLD Limited has released its condensed consolidated unaudited interim results for the six months ended December 31, 2024, showing a significant financial performance improvement. The company reported a 74% increase in operating profit to R1,578.7 million and a 65% rise in headline earnings to R970.1 million, driven by a 26% increase in the average gold price received. Despite a marginal increase in gold production to 2,564 kilograms, the company managed to declare an interim cash dividend of 30 SA cents per share. Key strategic developments include progress in the construction of the regional tailings storage facility at Far West Gold Recoveries and optimising the solar plant’s contribution to reduce power costs. These developments and financial results underscore DRDGOLD’s solid operational performance and strategic positioning in the gold mining industry.
More about Drdgold
DRDGOLD Limited is a South African company operating in the gold mining industry. It is primarily focused on the extraction and processing of gold through its operations in South Africa, with a listing on both the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE).
YTD Price Performance: 14.41%
Average Trading Volume: 224,307
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $871.5M
For detailed information about DRD stock, go to TipRanks’ Stock Analysis page.
