South African gold miner DRDGold (DRD) on Thursday reported diluted headline earnings per share (HEPS) of 33.8 cents for the year to end June 2009. This is 11.6% up on last year’s reported diluted HEPS of 30.3 cents.
Basic earnings per share were, however, 87% lower at 34.3 cents for the full year from 264.9 cents last year.
Net profit for FY09 was 91% lower at 110.7 million rand compared to 1.2 billion rand in FY08.
Total gold production for the year from continuing operations was 20% lower at 247,690 ounces, the major contributing factor being the suspension of underground mining at ERPM in the second quarter, and the downward volume adjustment at Crown, as part of the decommissioning of the Crown Tailings Deposition Facility.
