Headline earnings reached 112.6 SA cents per share, with cash and cash equivalents increasing by 27% to R661.2 million. Capital expenditure was invested 12% lower than HY1 FY2024, mainly due to the successful completion of key projects and reduced commissioning activities on reclamation sites. The company covered these capital reinvestments without bank debt.
DRDGOLD declared an interim dividend of 30 SA cents for H1 FY2025, a 50% increase from the 20 SA cents declared in HY1 FY2024, marking the 18th consecutive year of dividends.
The solar plant and battery energy storage system (BESS) have been fully integrated into the national grid, resulting in direct cost reductions and protection against rising energy costs and supply interruptions.
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DRDGOLD sees 7% increase in gold production
The company has made significant progress in the construction of the regional tailings’ storage facility at FWGR, moving over 2 million m³ of ground on the starter wall, basin levelling, and return water dams. The upgrade of the Driefontein 2 plant (DP2) to increase its throughput capacity to 1.2 Mt per month is also progressing, with civil work on DP2 being a key focus area in FY2 FY2025.
The production guidance for FY2025, ending 30 June 2025, remains unchanged at between 155,000 and 165,000 gold ounces, with cash operating costs of approximately R870 000/kg.
The company stated that it will continue to explore further renewable energy initiatives in line with its commitment to sustainability as well as invest in capital infrastructure developments that underscore the throughput and output targets of Vision 2028.
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