DRDGOLD: DRDGOLD reflects on favourable year during positive gold price climate

Although DRDGOLD's volume throughput target was missed by 17% owing to a delay in the commissioning of new reclamation sites at Ergo, a steady performance from Far West Gold Recoveries (FWGR) together with higher grades from several clean-up sites helped to soften the impact and 93% of planned gold output was achieved, the surface gold mining company stated in its annual integrated report on Monday. As an unhedged producer, DRDGOLD also enjoyed the full benefit of the higher gold price of R1 248 679/kg, received over the year, which increased year-on-year revenue by 14% to R6 239.7-million.