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DRDGold reaps benefits of soaring gold

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Gold production was up 1% at 82,434oz, while gold sales rose by the same percentage to 82,531oz. All-in-sustaining costs were up 6% to $1,670/oz.

Gold production at Ergo remained steady in the first half, maintaining a total of 1,844kg. The stability was largely attributed to the full ramp-up of newly commissioned high-volume lower-grade reclamation sites replacing virtually cleaned-up high-grade reclamation sites, DRDGold said.

Gold production at Far West Gold Recoveries (FWGR) remained stable, with a moderate 9% increase to 720kg reflecting the mine’s full operational status, resulting in consistent tonnage as well as improved head grade from Driefontein 3.

The company said it remained on track to achieve guided output of between 155,000oz and 165,000oz of gold and cash operating costs of about R870,000/kg.

mackenziej@arena.africa

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