‘There's a new global dynamic that seems to be in support of the gold price at much higher levels than we experienced in the past’: Niël Pretorius – CEO, DRDGold.
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And of course what’s really exciting from our perspective is the fact that our solar power plant is coming along nicely as well. JIMMY MOYAHA: Let’s look at that gold price for a second, Niël. We saw that with the US inflation numbers coming through the dollar just wouldn’t give back the weakness; it clawed all of that back, and it got so much stronger – and we obviously are anticipating that we might see rate cuts later in the year that could weaken the dollar a little and provide possibly some windfall for that gold price.
NIËL PRETORIUS: Yes. Look, as long as we make money, as long as we have positive operational cash flows, I think we’d be inclined to lean towards payment of a dividend. We have some large capital investment programmes happening as we speak – the solar plant being one of them, and also some project investments for the next few years – and they’re large.
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