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Cash-flush DRDGold points to modest half-year earnings rise

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Gold producer remains cash flush and debt free as it flags improved takings

DRDGold, one of the world’s largest gold tailings retreatment companies and affectionately known as “the Roodepoort Rocket” among gold bulls, has advised shareholders to expect a modest bump in half-year earnings.

The 128-year old company, founded as Durban Roodepoort Deep in 1895, said in a trading update on Friday that it expects earnings per share and headline earnings per share of 59.5c-68.1c for the six months to end-December 2022. That compares with EPS and heps of 58c per share for the corresponding period the previous year...If you have already registered or subscribed, please sign in to continue.

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