CompaniesPREMIUM

WATCH: How power cuts rained on DRDGold’s parade

RAINBOW?S END: The processing facilities and water filtration beds at the Ergo gold recovery plant, run by DRDGold, as seen from the air in Brakpan this year. Picture: BLOOMBERG
RAINBOW?S END: The processing facilities and water filtration beds at the Ergo gold recovery plant, run by DRDGold, as seen from the air in Brakpan this year. Picture: BLOOMBERG (None)

Miner DRDGold released its interim results on Wednesday, and power-related problems cut R27m from its interim revenue.

The company reported a headline loss of more than R46m, operating profit plunged 54%, while revenue remained flat at R1.25bn.

Gold production was down 3%, while reserves shot up 83%.

CEO Niël Pretorius joined Business Day TV to discuss the results.

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