A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- DRDGOLD , a South African gold producer that recovers gold from the retreatment of surface tailings, reported today that its revenue increased to R5,496.3 million for the year ended 30 June 2023 from R5,118.5 million in FY2022.
The company also reported operating profit of R1,819.0 million for the year ended 30 June 2023, an increase of 8% compared to the previous year. DRDGOLD said its HEPS increased in FY2023 mainly due to a 16% increase in the Rand gold price received as well as a 21% increase in yield to 0.227g/t from 0.188g/t.
Importantly, the company added it expects higher throughput for FY2024 and guides production higher at between 165,000 ounces and 175,000 ounces.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lithium producer Allkem delivers record profit of $524.6 million in FY23 on strong production and pricesA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Athletics-Triple jumper Zango soars to Burkina Faso's first-ever world goldBy Lori Ewing BUDAPEST (Reuters) - Burkina Faso's Hugues Fabrice Zango soared to victory in the men's triple jump for the country's first-ever World ...
Read more »
Gold bulls will need to stay patient for a little while longer(Kitco News) - Fundamentals, positioning, sentiment, and technical analysis all point to a further delay in gold’s big move upward, according to Chris Yates of Acheron Insights.
Read more »
Nearing Retirement, Ronys Torres Looks to Capture Gold at Shooto Brazil 119Ronys Torres is a true MMA veteran.
Read more »
Gold price up on more short covering, bargain buying(Kitco News) - Gold and silver prices are firmer again in early U.S. trading Tuesday. More short covering and perceived bargain hunting are featured in the two precious metals, after both recently hit five-month lows.
Read more »
Gold gains on dollar retreat as focus turns to Jackson HoleAug 22 (Reuters) - Gold prices rose above $1,900 an ounce on Tuesday, helped by a slight pullback for the dollar and bond yields as investors await the Jackson Hole Symposium later in the week.
Read more »