JOHANNESBURG (miningweekly.com) – Higher cash operating units costs, as a result of the more expensive clean-up activities at legacy mining sites in the Witwatersrand, has contributed to lower earnings a share and headline earnings a share for DRDGold for the year ended June 30.
Earnings a share are expected to be between 68% and 88% lower at 1.7c to 4.7c for the 2017 financial year, compared with earnings a share of 14.7c in the 2016 financial year.
DRDGold expects its headline earnings a share for the year under review to decrease by between 88% and 108% to between a headline loss of 1c and headline earnings of 1.5c, compared with headline earnings a share of 12.7c in the prior year.
Gold production for the year decreased by 4% to 4 265 kg.
The company’s results will be published on September 5.