SA gold producer DRDGold has cut its dividend by a quarter for its year to end-June, hit by lower prices and higher costs, while also flagging numerous challenges for those in the industry.

The company, which specialises in the production of gold from the retreatment of surface tailings, reported on Wednesday that headline earnings were down 22% to R1.1bn to end-June and operating profit decreased by a similar margin. The group declared a final dividend of 40c per share, bringing the total dividend for the year to 60c, down from 80c previously...

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