:0) I am going to guess that the author of the article is somewhat peeved about the construct that we find ourselves, meaning all find selves, in, of savings dilution, outright taxation, cost push, fiat pull, and financial suppression
the pain is not yet enough to spark insurrection
the pain must be much greater
and
by action of recent 'transitory' price changes, we appear to be moving faster towards appointment with TeoTwawKi
am hoping that TeoTwawKi shall be handled with more finesse than we have handled all other progressions so far
People say gold is no-more and crypto is everything
People are likely wrong, but does not mean they have to be wrong on crypto
I have more gold coming, 2022, and continue to add by force of habit and draw of tradition
I do not like the truth that gold does not yield more gold
and so I appreciate DRD even as DRD droops even as its gold yield rises due to process improvement, and dividend increases due to management smarts
no one cares about gold and less folks care about DRD
imagine Tesla reporting as below ...
The expression of and by truth remains elusive drdgold.com
DRDGOLD reports 7% quarter-on-quarter increase in gold production25 October 2021Johannesburg, South Africa. 25 October 2021. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRDGOLD) in an operational update for the quarter ended 30 September 2021, reports a 7% quarter-on-quarter increase in gold production to 1 449kg, due primarily to an 8% increase in yield.
Gold sold increased by 5% to 1 428 kg.
Higher electricity and labour costs with effect from July 2021, resulted in cash operating costs increasing by 5% to R566 317/kg. Cash operating costs per tonne of material processed increased by 6% to R114/t.
All-in sustaining costs per kilogram and all-in costs per kilogram were lower at R648 880/kg (R669 744/kg) and R667 157/kg (R681 905/kg) respectively, due mainly to a reduction in sustaining capital expenditure.
Adjusted EBITDA increased by 16% to R350.8 million, due mainly to the 5% increase in gold sold and 2% increase in the average Rand gold price received.
Cash and cash equivalents decreased by R276.8 million to R1 903.2 million after paying the final cash dividend for the year ended 30 June 2021 of R345.2 million.
Cash generated during the current quarter will be applied towards the Company’s extended capital expenditure programme for the year ending 30 June 2022. The Company remains in a favourable position to, in the absence of unforeseen events, consider declaring an interim dividend in February 2022.
The Company remains free of bank debt as at 30 September 2021 (30 June 2021: Rnil).
The information contained in this announcement does not constitute an earnings forecast and the financial information provided has not been reviewed or reported on by the Company’s auditors.
Investor and media relations queries:
R&A Strategic Communications
Jane Kamau
jane@rasc.co.za
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