Latest news with #DRDGOLD
The Citizen
07-05-2025
- Business
- The Citizen
DRDGOLD celebrates 130 years on JSE amidst favourable revenue
DRDGOLD, which owns operations in the Carletonville and Fochville area, today reported very good operating performance for the quarter ended March 31. Revenue for the quarter increased by 4% due to a 10% increase in the average gold price to R1 685 760/kg. The company owns Far West Rand Recoveries between Carletonville and Fochville and is also erecting a huge new tailings facility in the Fochville area. Gold sold and produced decreased by 13% and 12% respectively, due to a 5% decrease in tonnage throughput and a 7% decrease in yield to 0.181g/t. The company's tonnages decreased mainly due to unprecedented wet weather conditions, which inhibited access to certain sites and consequently impacted the desired blend of reclamation material. This also affected the average yield achieved, which reduced by 7% to 0.181g/t. Cash operating costs remained under control, decreasing to R1 044.2 million. Cash and cash equivalents increased by R289.3 million to R950.5 million March 31, after paying an interim cash dividend of R258.7 million for the six months ended 31 December 2024. The cash generated during the current quarter will, inter alia, be applied towards the Company's extended capital expenditure programme. This coupled with the recent surge in the gold price and barring any unforeseen events, places the company in a favourable position to consider declaring a final dividend in August 2025. DRDGOLD also reached the milestone of celebrating its 130th anniversary of uninterrupted listing on the JSE (Johannesburg Stock Exchange) on April 25. 'The idea of rolling back mining's environmental legacy aligns with the values of our people. Our people are not only working for the next month or year, but they are also working for the next generation and towards a better future. This is what sustainability is all about,' said its CEO, Niel Pretorius. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Forbes
11-04-2025
- Business
- Forbes
Gold Stocks Blast Off As Dollar Drops: 4 Low P/E Miners Hit New Highs
Gold stocks These five gold mining stocks are soaring to new highs as investors look for alternatives to the dollar dropping and to U. S. government bonds sliding. That Trump's tariff policies are creating uncomfortable uncertainties about the economy is now a given among Wall Street investment firms and their customers. Buying of precious metals and related equities is the result. The new 52-week highs in so many gold stocks is a reaction to the possibility of much higher prices thanks to tariffs. The chance of a recession is a major factor. This classic inflation-hedge is showing its strength as confidence in the U. S. dollar dissipates. Anglo Gold Ashanti Anglogold Ashanti daily price chart, 4 11 25. The gap up in price today follows yesterday's new high that broke above the early April peak. The 50-day moving average in mid-February crossed above the 200-day moving average, a signal perhaps of the coming strength. The United Kingdom-based miner with operations around the world has a market capitalization of $21.69 billion. The price earnings ratio is 18.49 at a time when the p/e of the S&P 500 is 32.55. Anglogold Ashanti pays a dividend of 3.99%. DRD Gold DRDGOLD daily price chart, 4 11 25. Today's new high takes out the earlier-in-the-month high and keeps the 50-day moving average trending upward. The 200-day moving average trends higher as well. From the September low of near $7.50 to the present $16 amounts to more than a double for those who bought then and held. DRDGOLD has a market cap of $1.39 billion. The price-earnings ratio is 14.91. The company has no debt, long-term or otherwise. This year's earnings are up 37.96% and up over the past five years by 150.85%. The South African miner offers investors a 1.90% dividend. Eldorado Gold Eldorado Gold daily price chart, 4 11 25. The gap up in price today takes it to above the previous high from mid-October 2024, a clear sign of strong new interest. Both the 50-day moving average and the 200-day moving average have turned upward. The stock now trades well above both of those measures. Headquartered in Vancouver, British Columbia, Eldorado Gold has a market cap of $3.96 billion. It trades with a price-earnings ratio of 13.68 and at just 1.01 times book value. The debt-to-equity ratio is .24. The company does not pay a dividend. Iamgold IAMGOLD daily price chart, 4 11 25. Today's 6.25% gain comes on top of yesterday's breakout above the early to mid-February highs. The 50-day moving average has remained above the 200-day moving average for the whole chart period. From the August 2024 low of near $3.40 to the current $7.31 amounts to more than a double. This Canadian-based miner has a market cap of $4.18 billion. The price-earnings ratio is 5.01 and it trades at 1.25 times book. The debt-to-equity ratio is .35. Eldorado Gold does not pay a dividend. The U. S. Dollar US Dollar daily price chart, 4 11 25. Today's slide takes the dollar to a new low. It's taken out the late September 2024 lows, a former support level for the currency. It looks as if the 50-day moving average may cross below the 200-day moving average in what would amount to a serious trend reversal. Stats courtesy of Charts. Courtesy of More analysis and commentary at
