The mining house DRDGOLD, which has several projects in the Carletonville and Fochville area, is doing well. The company delivered strong operational and financial results for the quarter ended March 31, driven by higher throughput, disciplined cost management, and continued exposure to a favourable gold price environment.

“The quarter demonstrates the resilience and cash-generating capacity of our business,” said CEO Niël Pretorius. “Improved throughput, disciplined cost management, and a stronger gold price enabled us to continue funding our growth programme internally while maintaining a strong balance sheet.”

Revenue increased by 6% to R2 963.1m, as a 13% increase in the average gold price received offset a 6% decrease in gold sold. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 21% to R1 812.8m, while operating profit rose by 19% to R1 854m.

Gold production increased by 6%. This was supported by drier weather conditions compared to the previous quarter. Cash operating costs increased by 5% to R1 191.5 million. Growth capital reduced by 16% to R683.2 million as both the expansion of the Driefontein 2 plant and pipeline network, as well as the Daggafontein TSF project, progressed beyond peak capital during the quarter. Investment continued across key strategic projects at Far West Gold Recoveries (FWGR) and ERGO, including the Regional Tailings Storage Facility construction, situated near Fochville.

These projects form part of DRDGOLD’s Vision 2028 strategy to expand processing flexibility, aimed at extending the operating life of its assets and supporting long-term production growth.