JSE- and NYSE-listed gold producer DRDGold says its revenue for the financial year ended June 30 increased by 7% year-on-year to R5.5-billion. The Ergo operation's revenue increased by R403.7-million to R4.11-billion, mainly as a result of a 16% increase in the rand gold price received, as well as a 21% increase in yield to 0.227g/t from 0.188 g/t to make up for a 5% decrease in gold sold to 3 936 kg.
JSE- and NYSE-listed gold producer DRDGold says its revenue for the financial year ended June 30 increased by 7% year-on-year to R5.5-billion.
Gold production at Ergo, however, decreased as a result of a decrease in throughput tonnages, caused by significant loadshedding at the beginning of the financial year affecting particularly the City Deep line, the depletion of high-volume reclamation sites at City Deep and Ergo and the late commissioning of two major new reclamation sites.
The decrease in gold sold was as a result of a decrease in throughput tonnages owing to Driefontein 5 nearing the end of its life-of-mine and entering final clean-up and a delay in the commissioning of the new Driefontein 3 reclamation site.
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