DRDGOLD plans increased capital expenditure and dividend due to strong cash position

DRDGOLD Ltd (NYSE:DRD, JSE:DRD, OTC:DRDGF) CEO Niël Pretorius tells Proactive’s Stephen Gunnion that the company is on track to continue its 15-year record of dividend payments due to its strong cash balance.

Pretorius says the company will also increase capital investment as its 2023 financial year progresses, including a solar plant that will help mitigate the impact of load shedding in South Africa.

In an operational update, the company reported a 1% quarter-on-quarter increase in gold production to 1,453kg for the quarter ended September 30, 2022, primarily driven by a 1% increase in tonnage throughput as the amount of gold sold decreased by 4kg to 1,442kg.

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