DRDGold rewarded shareholders with a higher dividend as record gold prices fuelled another stellar half.
The miner, a subsidiary of precious metals giant Sibanye Stillwater, reported a near-doubling in headline earnings per share to 223.2c for the six months ended December.
Revenue was up by a third year on year at R5.05bn, while operating profit jumped 72% to R2.71bn.
The group declared a dividend of 50c per share, up by two thirds on an annual basis.
Shares in DRDGold have gained 180% in the past year as geopolitical uncertainty, US President Donald Trump’s erratic trade policies and ongoing wars drive a flock to safe-haven bullion.
The results come two weeks after DRDGold concluded a five-year wage agreement with labour unions at its Ergo operations, guaranteeing blanket annual wage increases of 6%-7.5% over the period.
Business Day
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