Debt-free, cash-rich gold-from-waste mining company DRDGold has declared its sixteenth consecutive dividend as it guides higher production, prioritises the ensuring of sufficient tailings storage capacity and looks to the self-generation of 60 MW of solar power. The Johannesburg- and New York-listed gold-from-dumps company, headed by CEO Niël Pretorius, reported operating profit of R1 819-million for the year ended June 30 and declared a final dividend of ...
JOHANNESBURG – Debt-free, cash-rich gold-from-waste mining company DRDGold has declared its sixteenth consecutive dividend as it guides higher production, prioritises the ensuring of sufficient tailings storage capacity and looks to the self-generation of 60 MW of solar power., reported operating profit of R1 819-million for the year ended June 30 and declared a final dividend of R0.65 a share for the 2023 financial year ending June 30.
Net cash position moved from R2.53-billion at June 30, 2022, to R2.47-billion at June 30, 2023, allowing R0.20 a share interim dividend top-up by declaring a final cash dividend of R0.65 a share, bringing the total declared dividend 2023 financial year to R0.85 a share. Higher revenue of R5 496.3-million was moderated by an increase in cash operating costs to R3 688.1-million.
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