DRDGOLD yesterday, reporting that for the quarter ended March 31, 2023, production increased by 4% due to a higher yield per ton of gold, said that due to favourable conditions, it expects to post a final cash dividend in August.
The share price rose after the announcement to close at R23.90 on the JSE yesterday, up about 4%, having closed at R23.50 on Friday.
In its operating update for the quarter ended March 31, 2023, the gold tailings retreatment group said production rose by 4% to 1 329 kg in the reported period as the yield increased to 0.030g per ton from 0.255g per ton, which lowered the cash operating costs per kilogram slightly to R691 061 per kg. The group, which mines gold dumps around Johannesburg, reported…