DRDGold expects almost sevenfold profit rise as gold shines
Higher precious-metal prices offset the effects of Covid-19 and electricity disruptions during the group’s year to end-June
26 August 2020 - 12:22
Mine tailings retreatment specialist DRDGold expects its profit to increase nearly seven times on the back of a one-third higher gold price.
DRDGold, which is majority owned by Sibanye-Stillwater, a major platinum group metals (PGMs) and gold producer, grew its cash holdings by six times to R1.7bn at the end of June, up R208m from a year earlier, leaving it debt-free and well positioned for the next phase of its growth...
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