PADENGA Holdings expects stronger gold prices to significantly increase its revenue on account of its holdings in miner Dallaglio.
The company said it anticipates that rising prices will improve profitability and drive growth over the coming years.
In a statement accompanying financial results for the year ending December 31, 2024, group chairman, Thembinkosi Sibanda, stated that gold production should remain similar to 2024 volumes in 2025.
However, the company expects current expansion capital expenditure to increase production in 2026.