DRD Gold, full year headline earnings per share with CEO, Niel Prestorius
South Africa's fourth largest miner, DRD Gold, has reported a 62 percent tumble in full year headline earnings per share, hurt by higher costs and a wage strike at one of its mines that lasted for almost a month. Total annual gold production fell by 3% from the previous year, as a result of the strike at its Blyvoor mine. Revenue, however, rose 4% to almost 2 billion rand , helped by higher platinum prices. DRD says it spent 5.2 million rand on exploration in Zimbabwe to date, where its exploration area has been increased by 80%.
OTHER VIDEOS ON POWERLUNCH
Strategy session with Peter Brooke
- Fri, 28 Jan 2011
