DRDGOLD (DRD)

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DRDGOLD (DRD) - 2025 H2 - Earnings Call Transcript
2025-08-20 09:00
Financial Data and Key Metrics Changes - Revenue increased by 26%, reaching approximately ZAR 8 billion, driven by a 31% rise in gold prices from ZAR 1,250,000 per kilogram to ZAR 1,630,000 per kilogram [28][35] - Operating profit surged by 69%, amounting to around ZAR 3.1 billion, reflecting effective cost management and increased revenue [13][32] - Headline earnings per share rose by 69% year-on-year, indicating strong financial performance [34] - Cash operating costs increased by only 4% year-on-year, demonstrating effective cost control despite operational challenges [28] Business Line Data and Key Metrics Changes - Ergo's operating profit approximately doubled from ZAR 1 billion to ZAR 2 billion, benefiting from improved gold prices and operational efficiency [29] - Far West Gold maintained stable operations with a slight increase in operating profit from ZAR 1.1 billion to ZAR 1.5 billion, despite a challenging production environment [30] - The average yield at Ergo decreased slightly due to the nature of the ore being mined, with a focus on reclamation sites [5][18] Market Data and Key Metrics Changes - The gold price significantly impacted revenue, with a 31% increase contributing to overall financial performance [28][34] - The company reported a decrease in gold sold by 3% year-on-year, indicating a slight reduction in production volume [35] Company Strategy and Development Direction - The Vision 2028 initiative aims to increase production to 3 million tons per month and achieve 200,000 ounces of gold annually, with ongoing projects to extend the life of mines [3][56] - The company is focusing on sustainable development and environmental impact, integrating these aspects into its operational strategy [14][23] - Significant capital expenditures of ZAR 2.5 billion were made to support growth and operational improvements [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing the ability to maintain cash positive status and pay dividends, reflecting confidence in cash flows [12][13] - The operational environment remains challenging, but the company is well-positioned to capitalize on favorable gold prices and improve operational efficiency [14][28] - Management highlighted the importance of sustainable practices and the potential for future growth through strategic projects [14][56] Other Important Information - The company has paid dividends for the last eighteen years, with the final dividend for the year being ZAR 0.40, double that of the previous year [10][12] - The company is actively pursuing carbon credits as part of its sustainability initiatives, having already pushed 42 million kilowatt hours into the grid [54] Q&A Session Summary Question: What are the expectations for future production levels? - Management indicated that production levels are expected to stabilize and increase as the Vision 2028 projects are implemented, targeting 3 million tons per month and 200,000 ounces of gold annually [3][56] Question: How is the company managing costs amid rising operational challenges? - The company has successfully contained cash operating costs to a 4% increase year-on-year, demonstrating effective cost management strategies [28][34] Question: What is the outlook for the gold price and its impact on operations? - Management expressed confidence in the gold price remaining favorable, which has significantly contributed to the company's revenue and profit margins [13][28]
DRDGOLD (DRD) - 2025 H2 - Earnings Call Presentation
2025-08-20 08:00
Presentation of Results for the year ended 30 June 2025 Niël Pretorius Chief Executive Officer Riaan Davel Chief Financial Officer Results for the year ended 30 June 2025 | Page 1 DISCLAIMER 18th consecutive financial year of dividends: Final cash dividend of 40 cps | Financial | | Operational | | Sustainable development | | | --- | --- | --- | --- | --- | --- | | Revenue R7 878.2m | Operating profit R3 523.6m | Production 4 830kg | All-in sustaining costs margin | Electricity consumption 282 560MWh | Potab ...
DRDGold: Well Positioned For Expansion
Seeking Alpha· 2025-07-13 12:18
Company Overview - DRDGOLD Limited is a gold mining company based in South Africa that focuses on acquiring surface tailings instead of operating deep mines [1] - The company utilizes high-pressure water to extract gold-bearing slurry from leftover materials of previous mining operations [1] Analyst Background - The article mentions an investor with experience in various sectors including real estate, professional services, emerging technologies, and industrial industries [1] - The investor has previously contributed to articles on Seeking Alpha, focusing on companies with less visibility and conducting in-depth research into their operations and business models [1] Research and Transparency - The investor emphasizes the importance of accountability and transparency in investment practices [1] - The use of the California Public Records Act to access government records for detailed information on public spending is highlighted [1]
DRDGOLD: Stay Long This Unique Gold Producer
Seeking Alpha· 2025-04-21 06:42
Core Viewpoint - The author expresses a renewed interest in DRDGOLD Limited (NYSE: DRD) after a two-year hiatus, indicating a personal investment in the company and a positive outlook on its performance [1]. Company Summary - DRDGOLD Limited is a company that has been part of the author's retirement portfolio, suggesting a long-term investment perspective [1]. - The author has a beneficial long position in DRDGOLD shares, indicating confidence in the company's future performance [2]. Industry Context - The article does not provide specific details about the broader industry context or market conditions affecting DRDGOLD Limited. Therefore, no relevant points can be summarized in this section.
Here's Why Momentum in DRDGOLD (DRD) Should Keep going
ZACKS· 2025-04-11 13:50
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2][3]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - DRDGOLD (DRD) is highlighted as a suitable candidate that passed through this screening process, showing a significant price increase of 64.7% over the past 12 weeks, reflecting investor confidence [4]. - A recent price increase of 7.9% over the last four weeks further confirms that the upward trend for DRD is still intact, with the stock currently trading at 91.9% of its 52-week high-low range, suggesting a potential breakout [5]. Group 2: Fundamental Strength Indicators - DRD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking in identifying strong investment opportunities [7]. - The Average Broker Recommendation for DRD is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Additional Investment Opportunities - Besides DRD, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting a broader range of investment opportunities for trend-focused investors [8]. - The article encourages investors to explore over 45 Zacks Premium Screens tailored to different investing styles, which can help in identifying potential winning stocks [8].
DRDGOLD (DRD) - 2025 Q2 - Earnings Call Presentation
2025-03-28 02:44
Presentation of RESULTS for the six months ended 31 December 2024 Niël Pretorius Chief Executive Officer Riaan Davel Chief Financial Officer Results for the six months ended 31 December 2024 / Page 2 DISCLAIMER Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward- looking statements, including, among others, adverse changes or uncertainties in general economic ...
3 Best Breakout Stocks to Buy Now: DRD, NWG, ORLA
ZACKS· 2025-03-04 13:31
Core Insights - The article discusses an active investing approach focused on identifying breakout stocks, emphasizing the importance of support and resistance levels in making investment decisions [1][2][3] Group 1: Breakout Stocks Selection - Breakout stocks are selected based on their price movements relative to established support and resistance levels, with a strategy to sell if prices drop below the lower band and hold for gains if they surpass the upper band [1][3] - The article identifies three breakout stocks for the day: DRDGOLD Limited, NatWest Group plc, and Orla Mining Ltd. [1] Group 2: Screening Criteria - The screening criteria for selecting breakout stocks include: - A percentage price change over four weeks between 10% and 20% [6] - Current price being at least 90% of the 52-week high [6] - Zacks Rank of 2 or better, indicating strong buy or buy ratings [6] - A beta for 60 months less than or equal to 2, indicating reasonable volatility [6] - Current price less than or equal to $20, ensuring stocks are reasonably priced [6] Group 3: Company Profiles - **DRDGOLD Limited**: A gold mining company with an expected earnings growth rate of 29.3% for the current year and a Zacks Rank of 1 [7] - **NatWest Group**: A provider of banking and financial products with an expected earnings growth rate of 6.8% for the current year and a Zacks Rank of 1 [9] - **Orla Mining**: Engaged in acquiring, exploring, and developing mineral properties, with an expected earnings growth rate of 60% for the current year and a Zacks Rank of 2 [10]
DRDGOLD (DRD) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-02-21 14:50
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that timing entries into trends is crucial for profitability [1][2]. Group 1: Stock Performance - DRDGOLD (DRD) has shown a solid price increase of 22.3% over the past 12 weeks, indicating strong investor interest and potential upside [4]. - The stock has also increased by 15% over the past four weeks, suggesting that the upward trend is still intact [5]. - Currently, DRD is trading at 83% of its 52-week high-low range, indicating it may be on the verge of a breakout [5]. Group 2: Fundamental Strength - DRD holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like DRD that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen, providing additional investment opportunities [8].
DRDGOLD (DRD) - 2022 Q1 - Quarterly Report
2025-02-18 14:21
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 6-K REPORT OF A FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 February 18, 2025 Commission File Number 0-28800 ______________________ Form 20-F Form 40-F Exhibit 99.1 Release dated February 18, 2025 "CONDENSED CONSOLIDATED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2024 AND CASH DIVIDEND DECLARATION" 99.2 Release dated February 18, 2025 "CONDENSED CON ...
DRDGOLD (DRD) - 2025 H1 - Earnings Call Transcript
2025-02-18 09:00
DRDGOLD (DRD) H1 2025 Earnings Call February 18, 2025 03:00 AM ET Company Participants Niël Pretorius - CEO & Executive DirectorRiaan Davel - CFO & Executive DirectorJaco Schoeman - COO Niël Pretorius Good morning, everyone. Thank you very much for joining us. With me on the panel today is Rehan Dahlpe, Dolfel, our CFO and Jocos Kumman, our COO. We're going to take you through the presentation and then we'll have a short video. And afterwards, we're happy to take your questions. We are doing this webinar fr ...