Tsafi

[popeyej]

Gold price gives huge boost to DRDGold's quarterly earnings

For the March quarter, DRDGold's EBITDA rose to R127.1 million (US$16.4 million) from R35.4 million ($4.6 million) in the December quarter. This was achieved despite production losses arising because of the Eskom power cuts in January, and a very sharp fall in grades at the old, and deep ERPM mine. Group CEO, John Sayers said it was estimated that, had it not been for the power cuts, the company's operations would have produced an additional 3,000oz - worth around another R21 million in revenues.