S.Africa's DRDGOLD down as surging costs push profit lower

DrdGOLD

24/08/2022 19:08

** U.S.-listed shares of South African gold firm DRDGOLD Ltd
 DRDJ.J ,  DRD.N  down as much as 3.3% at $5.90 
    ** Co's profit for the year ended June 30 falls 22% as
increase in the prices of diesel, chemicals and steel drove
costs higher  urn:newsml:reuters.com:*:nL1N3000C5
    ** Co's all-in sustaining costs, which measures expenses
related to production, rose nearly 17% to $1,476 per ounces from
a year ago period 
    ** The company, which recovers gold from processing mine
dumps and tailings dams, declared a dividend of 40 South African
cents per share
    ** Stock had declined ~30% YTD, as of last close 

 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))