International news within the industry of mining and metal, Sep, 20 2018
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South African gold miner eyes higher production

Photo: DRD Gold
Photo: DRD Gold
Published by
Jaroslaw Adamowski - 13 Sep 2018

South Africa-based gold miner DRDGold Ltd has announced increased revenues and operating profit for 2018 amid plans to raise its gold production this year.

 

The company "reported a year-on-year increase of 38% in operating profit to R355.2 million. This was the result of a 10% rise in gold pro-duction to 4,679 kg," DRDGold said in a statement.

 

This translated into an operating profit of some $22.4 million for last year.

 

The gold miner hopes to boost its production this year owing to its Ergo property, in close proximity of South Africa's Johannesburg