DRDGold reports rise in quarterly earnings
Production for the quarter was 3% lower than the previous quarter, though the yield was marginally higher
10 May 2024 - 15:28
Shares in DRDGold rose the most in four weeks in intraday trade on Friday after the company reported higher earnings despite lower output in the quarter ending March 31.
Adjusted earnings before interest, taxes, depreciation and amortisation (ebitda) increased 12% from the previous quarter to R494.5m “primarily due to an increased gold price received”, the gold miner said in a statement...
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