DRDGOLD Guides FY2026 EPS Up 85–95% on Record Gold Prices
DRD sits 67% above its 52-week low of $14.52 on light trading volume (0.2× avg).
Summary
DRDGOLD expects FY2026 EPS to rise 85–95% to 481.4–507.4 cents, driven by higher gold prices and strong operational performance, with production exceeding guidance and costs below target.
Key Events · Earnings and Guidance · DRD
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EPS Guidance Up 85–95%
DRDGOLD expects EPS of 481.4–507.4 cents for FY2026, up from 260.1 cents in FY2025, driven by a 40% increase in the Rand gold price received.
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Revenue Surges 42%
Group revenue rose 42% to R11,159.0 million (US$661.1 million), with gold sold up 1% to 4,865 kg and average gold price received up 40% to R2,289,250 per kg.
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Production Exceeds Guidance
Gold production of 155,577 ounces exceeded the upper end of guidance (150,000 oz) by over 5,500 ounces, while cash operating costs of R967,544/kg came in below the guided R995,000/kg.
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Vision 2028 Milestones Achieved
Daggafontein TSF received first tailings deposition on 6 July 2026, and the DP2 elution circuit and smelt house were commissioned on 14 July 2026, pouring first gold the same day.
Analysis · DRD · Energy & Transportation
A 40% jump in the Rand gold price received is powering a dramatic earnings surge at DRDGOLD, with EPS expected to climb 85–95% year-over-year. Production beat guidance by over 5,500 ounces while cash operating costs landed below target, underscoring strong operational execution. The company also completed the first of its Vision 2028 'Big Five' projects and secured a key water use licence, setting the stage for further growth. With a cash balance of R2,770 million and no bank debt, the expansion is being funded internally while liquidity remains intact.
At the time of this filing, DRD was trading at $24.22 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $14.52 to $39.37. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.