The strong operational performance and cost control reinforce positive momentum. With growth capex declining as projects near completion, free cash flow should improve. Watch for the final dividend decision in August 2026 and continued capital discipline.
Price Chart
Executive Summary
DRDGOLD reported strong Q3 FY2026 operating results with gold production up 6% QoQ to 39,192 oz, revenue up 11% in USD terms to $181.5M, and operating profit up 24% to $113.5M. The company reaffirmed its FY2026 production guidance of 140k-150k oz at the upper end, with no debt and a cash balance of R2.3bn.
Key Facts
- Gold production: 1,219 kg (39,192 oz), +6% QoQ
- Revenue: R2,963.1M ($181.5M), +6% (+11% USD) QoQ
- Operating profit: R1,854.0M ($113.5M), +19% (+24% USD) QoQ
- Adjusted EBITDA: R1,812.8M ($111.0M), +21% (+26% USD) QoQ
- Cash operating cost per kg: R960,270 ($1,829/oz), -4% (-1% USD) QoQ
- All-in sustaining cost: R1,067,744/kg ($2,034/oz), -5% (-1% USD) QoQ
- Cash and equivalents: R2,316.3M, up from R1,734.4M at previous quarter
- No bank debt; R1B revolving credit facility available
- FY2026 production guidance reaffirmed: 140,000-150,000 oz at ~R995,000/kg cash cost
Financial Impact
Revenue +11% USD QoQ; operating profit +24% USD QoQ
Risk Factors
- Gold price volatility could impact revenue
- Cost inflation or operational disruptions may affect margins
- Execution risk on capital projects; any delays could pressure returns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-031016 |
| Document: 0001628280-26-031016-index-headers.html | 0001628280-26-031016 |
| Document: 0001628280-26-031016-index.html | 0001628280-26-031016 |
| Document: 0001628280-26-031016.txt | 0001628280-26-031016 |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers