DRDGOLD stock faces a 25 percent Vision 2028 output target

Published on 09/29/2026 at 20:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DRDGOLD stock carries fiscal 2026 revenue of USD 660.0 million after a 52.00 percent increase. Vision 2028 targets higher throughput and gold output.

DRD, US26154A1060, Illustration mit AI erstellt.

DRDGOLD Limited (ISIN US26154A1060) is pursuing a 25.00 percent increase in gold output through Vision 2028 after fiscal 2026 revenue rose 52.00 percent to USD 660.0 million. MarketBeat reported the figures on September 29, 2026, while production stayed at 155,000 ounces.

Revenue rises while output holds

The fiscal 2026 result shows the effect of higher gold prices on a business whose production was unchanged. According to Investing.com on September 28, 2026, free cash flow doubled to USD 134.0 million and cash increased 128.00 percent to USD 164.0 million.

Cash operating profit also doubled to USD 382.0 million, while the all-in sustaining margin reached 53.00 percent after improving 14.00 percent year over year. The company paid a ZAR 1.4 billion dividend, extending its dividend record to 19 consecutive financial years, according to MarketBeat.

Vision 2028 requires execution

Vision 2028 is built around five infrastructure projects intended to lift throughput by 40.00 percent and extend mine lives by 20 years. Annual output capacity is projected to rise from 155,000 ounces to 185,000-195,000 ounces as new tailings storage and processing capacity comes online.

The expansion also carries an execution risk. Investing.com said future gains depend on permitting, project timing and new tailings storage capacity. The Regional Tailings Storage Facility requires a final permission, with a review period scheduled to begin October 15, 2026, according to MarketBeat.

Analyst target remains above shares

Analyst views remain divided. MarketBeat reported that HC Wainwright raised its price target from USD 33.00 to USD 35.00 on August 20, 2026, while the broader consensus remained Hold.

DRDGOLD market capitalization stood at USD 2.1 billion on September 29, 2026. The 52-week range was USD 19.47 to USD 39.37, placing the current market value below the yearly high and leaving Vision 2028 delivery as the central operating test.

NYSE quote and company profile

DRDGOLD was trading at USD 24.40 on the NYSE on September 29, 2026 at 2:45 p.m. ET. The company recovers gold from surface tailings rather than conventional underground mines and operates the Ergo Mining and Far West Gold Recoveries businesses.