- DRDGOLD , a South African gold producer that recovers gold from the retreatment of surface tailings, reported today that its revenue increased to R5,496.3 million for the year ended 30 June 2023 from R5,118.5 million in FY2022.
The company also reported operating profit of R1,819.0 million for the year ended 30 June 2023, an increase of 8% compared to the previous year. DRDGOLD said its HEPS increased in FY2023 mainly due to a 16% increase in the Rand gold price received as well as a 21% increase in yield to 0.227g/t from 0.188g/t.
Importantly, the company added it expects higher throughput for FY2024 and guides production higher at between 165,000 ounces and 175,000 ounces.
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