Research analysts who have asked questions during DRDGOLD earnings calls.
Recent press releases and 8-K filings for DRD.
DRDGOLD Concludes Five-Year Wage Agreement at ERGO Operations
DRD
- DRDGOLD Limited has finalized a five-year single wage agreement with organized labor at its ERGO operations, signed by the National Union of Mineworkers (NUM).
- The agreement provides for guaranteed annual wage increases of between 6% and 7.5% over five years.
- A new 2% performance-based incentive, linked to safety, production, and attendance, has been introduced.
- Employees will receive backpay from July 1, 2025, and a R5,000 once-off ex gratia payment.
5 days ago
DRDGOLD Disposes of Solar Energy Interest and Secures Renewable Energy Supply
DRD
M&A
New Projects/Investments
- DRDGOLD, through its wholly-owned subsidiary Ergo Mining Proprietary Limited, has disposed of its 100% interest in Stellar Energy Solutions Proprietary Limited to NOA Group Assets Proprietary Limited for a total cash consideration of R147.5 million. The disposal will be implemented on December 23, 2025.
- Concurrent with the disposal, DRDGOLD has concluded an electricity supply agreement with the NOA Group to procure 76GWh per annum of renewable energy, with supply commencing in January 2028.
- This transaction enables DRDGOLD to realize value from the Stellar Project while securing a long-term renewable energy supply, supporting the Company's operational requirements and sustainability objectives.
- During the 2025 financial year, DRDGOLD successfully commissioned a 60MWh solar plant and accompanying 160MWh battery energy storage system at its Ergo operations, meeting approximately half of ERGO's total power requirements.
Dec 19, 2025, 4:50 PM
DRDGOLD Reports Strong FY2025 Financial Results and Provides FY2026 Guidance
DRD
Earnings
Guidance Update
New Projects/Investments
- DRDGOLD reported strong financial results for FY2025, with revenue increasing by 26% to R7,878.2 million and operating profit up 69% to R3,523.6 million, primarily driven by a 31% increase in the average Rand gold price received.
- The company declared a dividend of 70 cents per share for FY2025 and generated a free cash inflow of R1,227.9 million, a significant improvement from the prior year's outflow.
- For FY2026, DRDGOLD projects gold production to be between 140,000 and 150,000 ounces at cash operating unit costs of approximately R995,000/kg.
- Strategic developments include the full commissioning of a 60MW solar PV facility and 160MWh battery energy storage system in November 2024, and the decision to sell its subsidiary, Stellar Energy Solutions, to concentrate on core mining activities.
Oct 28, 2025, 1:34 PM
DRDGOLD provides Q1 2026 operating update
DRD
Earnings
Dividends
New Projects/Investments
- For the quarter ended September 30, 2025, gold production increased by 2% to 1,191 kg (38,291 oz), contributing to a 2% rise in revenue to R2,254.9 million.
- Adjusted EBITDA grew by 1% to R1,093.0 million, supported by a higher average gold price received of R1,943,398 per kg (US$3,429 per oz).
- Cash operating costs per kilogram increased by 3% to R955,086 per kg, primarily due to annual labor increases, higher reagent costs, and increased electricity tariffs.
- Cash and cash equivalents decreased by R257.1 million to R1,049.1 million as of September 30, 2025, after paying a R345.7 million dividend and incurring R751.8 million in capital expenditure, with the company remaining debt-free.
Oct 16, 2025, 11:53 AM
DRDGOLD Reports Strong H1 2025 Financial Performance and Increased Dividend
DRD
Earnings
Dividends
New Projects/Investments
- DRDGOLD reported strong financial results for H1 2025, with revenue increasing 28% to over ZAR 3.8 billion, operating profit up 74% to ZAR 1.5 billion, and headline earnings rising 65% to ZAR 970.1 million.
- The company declared a dividend of ZAR 0.30 per share, representing a 50% increase from the previous interim dividend, marking the 18th consecutive year of dividend payments.
- Operational performance was robust, with Ergo's revenue up 24% and operating profit up 92% to ZAR 828.7 million due to a 22% increase in volume. Far West Gold Recoveries also saw revenue increase by 39% to over ZAR 1 billion and operating profit rise 57% to ZAR 750 million.
- The commissioning of the Ergo solar plant led to a 16% decrease in electricity imported from Eskom, despite a 22% increase in total electricity units consumed, with the solar farm's capital cost at approximately ZAR 2.9 billion.
- Cash capital expenditure for the period was ZAR 947 million, and while the full ZAR 3.5 billion CapEx guidance for FY 2025 is unlikely to be met, the company is progressing towards its Vision 28 goals of increasing throughput to 3 million tons per month and gold production to 6 tons per year.
Feb 18, 2025, 8:00 AM
DRDGOLD Reports Strong H1 2025 Financial Performance and Increased Dividend
DRD
Earnings
Dividends
New Projects/Investments
- DRDGOLD reported a 28% increase in revenue to just over ZAR 3.8 billion and a 74% increase in operating profit to ZAR 1.5 billion for the half-year ending December 2024. Headline earnings rose 65% to just under ZAR 1 billion, resulting in Headline Earnings per Share of ZAR 1.126, also up 65%.
- The company declared a dividend of ZAR 0.30 per share, representing a 50% increase from the previous interim dividend.
- Operationally, the 60-megawatt Ergo solar plant and 160-megawatt battery energy storage system (BESS) were successfully commissioned, leading to a 16% decrease in electricity consumption from external sources and an avoided 186,840 tons CO2e.
- DRDGOLD aims for "Vision 28" to achieve a throughput rate of 3 million tons per month and gold production of 6 tons per year by financial year 2028. Capital expenditure for H1 2025 was just under ZAR 1 billion, with the full-year guidance of ZAR 3.5 billion unlikely to be fully spent.
Feb 18, 2025, 8:00 AM
Quarterly earnings call transcripts for DRDGOLD.
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