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DRDGOLD Limited firms up cash position from push in higher gold price in its fiscal 3Q

DRDGOLD Limited (NYSE:DRD) CEO Niel Pretorius tells Proactive that despite a 13% drop in gold output in its fiscal third quarter, the gold tailings retreatment firm sold 47,004 ounces in the three months to end March, which was only 3% lower than the previous quarter.

Pretorius says the decline in sales was also offset by a 13% higher gold price, which pushed EBITDA up 18% to US$20.8 million.

Quick facts: DRDGOLD Limited

Price: 11.15 USD

NYSE:DRD
Market: NYSE
Market Cap: $953.45 m
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DRDGOLD Limited shines in fiscal year revenue and earnings despite pandemic

DRDGOLD Limited (NYSE:DRD) (JSE:DRD) CEO Niel Pretorius tells proactive the group reported higher revenue, earnings and margin in its financial year ended June 2020 as investors turned to gold amid the global pandemic. Pretorius says despite the problems caused by the coronavirus (COVID-19),...

on 09/02/2020

2 min read