DRDGOLDJSE- and NYSE-listed DRDGOLD expects an increase in gold production of the order of 6% for the half-year ended 31 December 2014 compared to the same period in 2013.

Operating profit for the six months is likely to be around 5% higher, in line with the increase in gold production for the same period, while the company’s cash and cash equivalents balance is expected to have increased by 19% since 30 September 2014.

Chief Executive Officer Niël Pretorius attributed the improvement in gold production to the restoration of metallurgical efficiencies and operating business improvements following the suspension of the company’s new flotation and fine-grind circuit in April 2014.

Pretorius announced that following the successful completion of test work in December 2014, the second flotation stream was restarted in the second week of January 2015 while the third stream is expected to be up and running by the end of the week.

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