DRDGOLD (“DRD”) has released production for the first quarter of FY26 with production of 1,158kg (37.2koz), in line with our expectation, at a cash cost of ZAR955,086/kg (US$1,685/oz), an All In Sustaining Cost (“AISC”) of ZAR1,066,287/kg (US$1,881/oz), and EBITDA of ZAR1,029m. We expect production in H1 to be 2,324kg (74.7koz) at an AISC of ZAR1,116,944/kg (US$1,853/oz). This is an in line set of results reflecting a period of operational stability. No update was provided on the capital project ....
