Padenga expects higher margins on gold rally

The group is banking on the new equipment delivered during the quarter under review which it expects to improve efficiency going forward.

PADENGA Holdings (Padenga) expects to significantly boost profitability this year, supported by surging gold prices and strict cost-control measures.The group’s mining subsidiaries have been recording positive margins, with gold production in the first quarter ended March 31, 2025 soaring by 1,6 percent to 620 kilogrammes against 610 kilogrammes recorded in the comparative period of 2024.In…

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