Mining News

DRDGold’s first-quarter production down 3% q/q, but operating costs rise

Gold miner DRDGold’s production decreased by 3% quarter-on-quarter to 49 066 oz for the three months ended March 31, primarily owing to a 5% decrease in tonnage throughput.

Gold sold in period decreased by 6% quarter-on-quarter to 48 572 oz and, as a result, elevated cash operating costs in rand terms by 3%, from R586 330/kg in the fourth quarter of 2021, to R605 011/kg for the first quarter of this year.

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