DRDGold pumps cash despite coronavirus lockdown in SA
The gold dump retreatment specialist generated R423m of free cash flow in the three months to end-March, despite a 13% fall in gold production
07 May 2020 - 11:20
DRDGold, one of the world’s biggest dump retreatment specialists, pumped cash in the March quarter despite sharply lower gold output as a result of SA’s coronavirus lockdown.
DRDGold, which has Ergo and the Far West Gold Recoveries businesses to the east and west of Johannesburg, respectively, advised investors that its full-year gold production would be towards the bottom end of its 175,000oz to 190,000oz forecast because of disruptions from the lockdown...
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