DRDGold Posts Record Production and 83% Operating Profit Surge

Earnings
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DRDGold reported record production of just under 5 tonnes of gold and an 83% surge in operating profit to ZAR6.4 billion for fiscal 2026. Revenue rose 42% to ZAR11.2 billion, headline earnings jumped 89% to ZAR4.2 billion, and free cash flow increased 85% to ZAR2.2 billion after a record ZAR3.5 billion capital expenditure program. The company declared a final cash dividend of ZAR1.20 per share, marking its 19th consecutive year of dividend payments, and guided fiscal 2027 production of between 160,000 and 170,000 ounces with cash operating costs just over ZAR1 million per kilogram. CEO Daniel Pretorius highlighted the unhedged position's benefit from a 40% gold price increase and said reduced capital spending after the Vision 2028 projects should translate into significantly higher dividend capacity.

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