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DRDGold projects boost Ergo efficiency, lower costs

By: Martin Creamer     12th September 2018 Three major projects completed by surface gold mining company DRDGold are expected to boost the fortunes of the company’s Ergo plant on the East Rand. The three projects made up the bulk of the company’s capital spend of R125.9-million in the 12 months to June 30. 

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold says first half revenue up 6%

By: Reuters     15th February 2018 Gold producer DRDGold said on Thursday its revenue was up 6% to R1.25-billion in the six months ended December 31, 2017, due to higher gold production and gold sold. The company said its performance during the period, both operationally and financially, was much improved, with gold production... 

DRDGold spends R26m in six months on environmental restoration  

By: Martin Creamer     15th February 2017 Johannesburg is probably one of the world’s best examples of unintended sustainable development, where almost accidentally the mining economy has been fully replaced by another larger economy. This is because mining took place for long enough to allow for the emergence of services industries such... 

DRDGold ups operating profit on lower output as enviro cleanup weighs

By: Martin Creamer     15th February 2017 Gold-from-dumps producer DRDGold on Wednesday announced a 4% increase in operating profit to R172.6-million on 7% lower gold output for the six months to December 31. A rise in the rand gold price helped to offset the impact of lower production in the period, when the company focused on cleaning... 

DRDGold reserves revised upwards by 67%

By: African News Agency      2nd February 2017 DRDGold on Thursday confirmed that it had recorded a 66.6% increase in mineral reserves on December 31. The South African producer that recovers gold from the retreatment of surface tailings, said the revision was the result of a drilling programme and pre-feasibility study that was started in... 

Gold tailings retreatment an attractive proposition in current environment

By: Mia Breytenbach     14th October 2016 The strong performance of the rand gold price, increasingly lower ore grades mined in deeper underground mining operations and higher labour and electricity costs are underscoring the attractiveness of, and accelerating, gold tailings retreatment operations in South Africa, states gold miner... 

Roodepoort Rocket back as DRDGold pays off-charts dividend 

By: Martin Creamer     30th August 2016 It will be tough for dump retreatment company DRDGold to beat this year’s results. The Johannesburg- and New York-listed company’s market capitalisation has rocketed from R700-million to  R3.7-billion in a matter of months, reminding investors of its Roodepoort Rocket nickname of old, because of... 

DRDGold dividend given sixfold uplift

By: Martin Creamer     30th August 2016 Dump retreatment company DRDGold on Tuesday announced a sixfold dividend increase for the year to June 30. The final dividend of 12c a share took the total declared dividend for this financial year to 62c a share, which is more than six times the 10c a share of last year. 

DRDGold posts higher H1 profit, output 

By: Ilan Solomons     16th February 2016 Despite incurring a 15% increase in total cash operating costs for the six months ended December 31, surface gold miner DRDGold achieved a 1% increase in operating profit to R165.9-million, compared with the R164.1-million recorded for the six months to December 2014. Speaking at a presentation... 

Cash-flush DRDGold mulling share buy-back 

By: Martin Creamer     1st September 2015 Surface gold mining company DRDGold, which has R324-million cash on hand after paying a five-times-higher dividend, is considering a buy back of shares in support of its long-term shareholders. DRDGold CEO Niël Pretorius, who has led a technical and financial turnaround of the gold-from-dumps... 

DRDGold dividend soars

By: Martin Creamer     1st September 2015 Gold dump mining company DRDGold on Tuesday lifted its dividend payout fivefold. In declaring a final dividend of 10 c a share in the year ended June 30, the Johannesburg and New York-listed surface miner dished out its eighth consecutive final dividend on results that CEO Niël Pretorius... 

DRDGold records higher Q3 profit, production and sales 

By: Ilan Solomons     23rd April 2015 JSE- and NYSE-listed surface gold miner DRDGold’s operating profit increased by 16% quarter-on-quarter to R97.6-million for the quarter ended March 31, reflecting higher gold production and sales, as well as a stronger average rand gold price. Gold production for the third quarter of the 2015... 

Expanding Eastern Cape port moves to corner regional transshipment market 

By: Creamer Media Reporter      19th March 2015 From Creamer Media in Johannesburg, this is the Real Economy Report. Transnet Port Terminals has injected some R14-billion into the development of the purpose-built Ngqura container terminal in the Eastern Cape.  

DRDGold expects higher Q1 output

By: Creamer Media Reporter      2nd October 2014 JSE- and NYSE-listed DRDGold expects its gold output for the quarter ended September 30 to have increased by between 5% and 7%, compared with the quarter ended June 30. Cash operating unit costs, in rand per kilogram terms, were likely to have remained flat quarter-on-quarter, while an increase... 

Rare manufactures and installs 17km pipeline for DRD Gold

24th June 2014 The Rare Group was awarded a contract for a 17 km pipeline for DRD Gold. The contract involves installing free issue steel, and lining the steel pipe with Rare Plastic Lining technology. The HDPE pipe for the lining is manufactured by Rare Plastics, a division of the Rare Group, at its factory in... 

DRDGold posts modest Q2 turnaround as Ergo plant efficiencies kick in

By: Natalie Greve     11th February 2014 Johannesburg- and New York-listed DRDGold has gone some way towards honouring its first-quarter promise of restoring production levels, posting a 4% increase in gold output to 35 043 oz for the quarter ended December 31. While acknowledging a 4% quarter-on-quarter decline in Ergo plant throughput... 

DRDGold enters nano realm in bid for more gold from dumps 

By: Martin Creamer     23rd August 2013 Dump gold miner DRDGold, which recovered nearly 150 000 oz of gold from Gauteng’s mine dumps in the 12 months to end June, has entered the realm of nanotechnology in its relentless pursuit of every last particle of gold from the mountain of surface material at its disposal. The JSE- and... 

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