[miningmx.com] — DRDGOLD said on Tuesday its output had fallen as expected in the March quarter while headline earnings rose because of a deferred tax credit.
It also said it planned to sell its Blyvoor mine.
Headline earnings for the three months to end-March totalled 12.5 cents per share, up 44% from the previous three months.
Headline earnings are the main profit gauge in South Africa and exclude certain one-time items.
The company, a mid-tier gold producer, had told investors earlier this month that it expected gold production for the March quarter to be about 3% lower than the previous quarter.
