Gold production decreased by
6% from the
previous quarter to 1,382kg
primarily due to a
9% decrease in
yield despite a 3% increase in tonnage throughput. Gold sold decreased by 8%.
As a result
of the above,
the cash operating
costs per kilogram
of gold sold
increased by 3%
from the previous
quarter to R549,817/kg. The cash operating
costs per ton of material processed
decreased by 6% to R102/t.
All-in sustaining
costs per
kilogram and
all-in costs
per kilogram
were R645,488/kg
and R654,072/kg,
respectively, increasing quarter on quarter mainly due to an increase in sustaining capital expenditure.
Adjusted EBITDA
decreased by 35%
from the
previous quarter
to R371.7
million primarily due
to an
8%
decrease in gold sold and a 9% decrease in the average Rand gold price received of R857,895/kg.
Cash and cash
equivalents decreased by
R3.7 million to
R2,165.7 million as
at 31 March
2021 (31 December
2020: R2,169.4 million) after paying the interim cash dividend of R341.8 million for the six months ended 31
December 2020. External borrowings remained at Rnil as at 31 March 2021 (31 December 2020: Rnil).
The cash generated during
the current quarter will,
inter alia
, be applied towards
the Company’s extended
capital expenditure programme for
the year ending 30
June 2021. Despite the
capital expenditure planned
for the year, the Company remains
in a favourable position
to, in the absence
of unforeseen events, consider
declaring a final cash dividend in or around August 2021.
The information contained in this announcement does not constitute an earnings forecast. The financial
information provided
is the
responsibility of
the directors
of DRDGOLD,
and such
information has
not been
reviewed or reported on by the Company’s auditors.
Johannesburg
5 May 2021
Sponsor
One Capital