DRDGOLD posts lower third-quarter output, but higher earnings

JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same quarter of last year, despite having produced slightly fewer ounces.

Adjusted Ebitda in the reporting quarter of R494-million, or $26.2-million, compares with adjusted Ebitda of R441-million, or $23.5-million, in the prior comparable quarter.