JOHANNESBURG- Gold producer DRDGold said on Wednesday that it had lost around 49kg of gold production in the first half of 2019 financial year as a direct consequence of power supply disruptions.
DRDGold chief executive Niël Pretorius said that while the company avoided the labour- and safety-related issues impacting other producers, it was not spared the challenges of distressed power utility Eskom.
Pretorius was reporting on the operating and financial results for the six months ended December 31, 2018.
Although the results showed that first phase of the new Far West Gold Recoveries (FWGR) project got off to a "flying start" during the six months, overall gold production was down three percent at 2,280kg.
At FWGR, where commissioning began early in December 2018 just four months from the start of construction, throughput was 140,000 tonnes.