The gold dump retreatment specialist generated R423m of free cash flow in the three months to end-March, despite a 13% fall in gold production
The Ergo gold recovery plant, run by DRDGold in Brakpan. Picture: BLOOMBERG
DRDGold, which has Ergo and the Far West Gold Recoveries businesses to the east and west of Johannesburg, respectively, advised investors that its full-year gold production would be towards the bottom end of its 175,000oz to 190,000oz forecast because of disruptions from the lockdown. DRDGold tapped into its metal inventories and sold 47,004oz in the period, just 3% lower than the previous quarter.
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