https://www.miningweekly.com

DRDGold dividend soars

Niël Pretorius

Niël Pretorius

Photo by Duane Daws

1st September 2015

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Gold dump mining company DRDGold on Tuesday lifted its dividend payout fivefold.

In declaring a final dividend of 10c a share in the year ended June 30, the Johannesburg- and New York-listed surface miner dished out its eighth consecutive final dividend on results that CEO Niël Pretorius described as “very satisfactory” for the 2015 financial year.

A 13% increase in gold production to 150 145 oz increased operating profit for the year to a 48%-higher R384.3-million.

Providing a tailwind was a 4% rise in the average rand gold price received.

Revenue rose 16% to R2.1-billion, which was 13% up at R1.74-billion on total cash operating costs that included the last quarter’s negative impact of higher winter electricity tariffs.

A 14%-higher yield to 0.197 g/t drove improved gold production and reflected a sharp turnaround in the performance of the Ergo plant on Gauteng’s East Rand.

The company’s future focus will be on fully integrating the new high-grade circuit with the established low-grade carbon-in-leach circuit.

The year finished in a flurry for DRDGold, with final quarter gold production up 9% at 40 253 oz on a 9% rise in throughput to 6 333 000 t.

This resulted from better infrastructure availability, the commissioning of new reclamation sites and drier winter weather conditions.

Operating profit was 26% higher at R122.6-million on higher gold production, lower cash operating costs and the higher rand gold price received.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (21/08/2026)
21st August 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.062s - 111pq - 2rq
Subscribe Now