DRDGOLD Ltd. Issues Q3 2024 Operating Update
Ticker: DRDGF · Form: 6-K · Filed: May 10, 2024 · CIK: 1023512
| Field | Detail |
|---|---|
| Company | Drdgold LTD (DRDGF) |
| Form Type | 6-K |
| Filed Date | May 10, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: operating-update, mining, sec-filing
TL;DR
DRDGOLD dropped Q3 2024 update, check ops for March 31.
AI Summary
DRDGOLD Limited reported its operating update for the quarter ended March 31, 2024. The company, formerly known as DURBAN ROODEPOORT DEEP LTD, is based in Johannesburg, South Africa. This filing is an update on their operations for the third quarter of their fiscal year.
Why It Matters
This update provides investors with key operational metrics and financial performance indicators for DRDGOLD Limited during the specified quarter, crucial for assessing the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine operational update filing and does not contain significant new financial information or strategic changes that would inherently increase risk.
Key Players & Entities
- DRDGOLD Limited (company) — Filer of the report
- DURBAN ROODEPOORT DEEP LTD (company) — Former company name
- March 31, 2024 (date) — End of reporting period
- May 10, 2024 (date) — Filing date
FAQ
What is the reporting period for this 6-K filing?
The reporting period is for the quarter ended March 31, 2024.
What is the company's former name?
The company's former name was DURBAN ROODEPOORT DEEP LTD.
When was this report filed with the SEC?
This report was filed on May 10, 2024.
What is the primary business of DRDGOLD LTD?
DRDGOLD LTD is in the GOLD & SILVER ORES industry, SIC code 1040.
What exhibit is included with this 6-K filing?
Exhibit 99.1 is included, which is a release dated May 10, 2024, titled 'OPERATING UPDATE FOR THE QUARTER ENDED 31 MARCH 2024'.
Filing Stats: 984 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-05-10 15:15:30
Filing Documents
- OperatingupdateQ3_2024.htm (6-K) — 51KB
- 0001023512-24-000023.txt ( ) — 52KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DRDGOLD LIMITED Date May 10, 2024 By s Riaan Davel Name Riaan Davel Title Chief Financial Officer Exhibit 99.1 DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 189500092606) ISIN ZAE000058723 JSE A2X share code DRD NYSE trading symbol DRD (" DRDGOLD " or the " Company ") OPERATING UPDATE FOR THE QUARTER ENDED 31 MARCH 2024 The operating update of the Company for the quarter ended 31 March 2024 is as follows QUARTER ENDED QUARTER ENDED % change 31 MAR 2024 31 DEC 2023 Production Gold produced kg 1,227 1,263 (3%) oz 39,449 40,606 (3%) Gold sold kg 1,218 1,268 (4%) oz 39,160 40,767 (4%) Ore milled Metric (000't) 5,330 5,533 (4%) Yield Metric (gt) 0.230 0.228 1% Price and costs Average gold price received R per kg 1,256,579 1,191,703 5% US$ per oz 2,071 1,979 5% Adjusted EBITDA * Rm 494.5 441.1 12% US$m 26.2 23.5 11% Cash operating costs R per t 190 186 2% US$ per t 10 10 — Cash operating costs R per kg 816,042 803,459 2% US$ per oz 1,345 1,334 1% All-in sustaining costs ** R per kg 912,695 940,794 (3%) US$ per oz 1,504 1,562 (4%) All-in costs ** R per kg 1,190,070 1,157,311 3% US$ per oz 1,962 1,922 2% Capital expenditure Sustaining Rm 50.5 108.7 (54%) US$m 2.7 5.8 (53%) Non-sustaininggrowth Rm 334.3 271.4 23% US$m 17.7 14.5 22% Average RUS$ exchange rate 18.87 18.73 1% Rounding of figures may result in computational discrepancies. * A djusted earnings before interest, taxes, depreciation and amortisation ( Adjusted EBITDA ) may not be comparable to similarly titled measures of other companies. Adjusted EBITDA is not a measure of performance under International Financial Reporting Standards (IFRS) and should be considered in addition to, and not as a substitute for, other measures of