R/€ = 15.92 Change: -0.03
R/$ = 14.04 Change: -0.03
Au 1337.77 $/oz Change: -4.01
Pt 821.97 $/oz Change: 0.72


Eskom grid upkeep increasingly problematic – DRDGold  

By: Martin Creamer     13th February 2019 The quality of maintenance of the Eskom distribution infrastructure is becoming increasingly problematic, DRDGold CEO Niël Pretorius said on Wednesday. At the company's presentation of power-hit interim results for the six months to December 31, Pretorius said that although DRDGold's own power... 

DRDGold profit down, gold reserves up

By: Martin Creamer     13th February 2019 Surface gold mining company DRDGold on Wednesday reported a 54% fall in operating profit to R102.2-million in the six months to December 31, but a major jump in mineral reserves. Reserves shot up by 83% to six-million ounces of gold from a former 3.28-million ounces but gold production in the... 

DRDGOLD Upbeat About Far West Gold Recoveries Commercial Success

31st October 2018 “Our Share Could Evolve Into A Growth Stock” DRDGOLD Limited (DRDGOLD; JSE,NYSE: DRD) says it believes the commercial success of its new Far West Gold Recoveries project may lift the company’s profile in the investment domain, positioning it for growth and evolving its share into a “growth” stock. 

Growth stock tag possible from Far West surface project –­ DRDGold 

By: Martin Creamer     31st October 2018 When it comes to the gold sector, recovering the precious metal from dumps on surface beats pursuing it in deep, dark and dangerous underground mines. The local gold industry has put many feelers out to access gold on surface and one of the most exciting projects under way is Far West Gold... 

Resources Watch  

13th September 2018 DRDGold shares leap on higher-grade fillip And, DRDGold expecting rapid gold output from West Rand tailings project 

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 expecting rapid gold output from West Rand tailings project 

By: Martin Creamer     5th September 2018 The high quality of the gold tailing retreatment infrastructure that surface gold mining company DRDGold has acquired on the Far West Rand in partnership with Sibanye-Stillwater is enabling the company to get into production very quickly, DRDGold CEO Niél Pretorius said on Wednesday. Speaking in... 

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

DRDGold expects first tailings production from WRTRP assets in Q1 2019

By: Simone Liedtke     1st August 2018 Following the successful implementation of the transaction between JSE- and NYSE-listed Sibanye-Stillwater and JSE- and NYSE-listed DRDGold, Sibanye-Stillwater now owns 38.05% of the issued share capital of DRDGold, which is currently worth R895.7-million. Under the terms of the transaction,... 

Resources Watch  

19th April 2018 This week: Strong rand eroding South African gold mines’ margins And, underground rail transport at local mines not being prioritised 

Strong rand eroding South African gold mines’ margins 

By: Natasha Odendaal     6th April 2018 While the strengthening of South Africa’s rand against the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins. For South Africa’s gold mining industry, the resultant decline... 

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater

By: Marleny Arnoldi     28th March 2018 Dual-listed DRDGold’s shareholders on Wednesday voted in favour of all resolutions relating to the company’s proposed acquisition of certain assets at diversified miner Sibanye-Stillwater’s West Rand Tailings Retreatment Project (WRTRP).  

DRDGold lifts H1 profit on higher production

By: Megan van Wyngaardt     15th February 2018 Dual-listed gold recovery company DRDGold on Thursday posted a 27% year-on-year increase in operating profit to R219.9-million for the six months ended December  31, on the back of an 11% year-on-year increase in gold production to 75 267 oz. The company, which is working to add... 

Pretorius sees WRTRP transaction as an investment

By: Megan van Wyngaardt     15th February 2018 Johannesburg-focused gold processor DRDGold is hoping that the addition of the West Rand tailings retreatment project (WRTRP), currently the subject of a R13-billion deal with Neal Froneman-led Sibanye-Stillwater, will attract longer-term investors, which might still be deterred by "extreme... 

Acceptance of realities prerequisite for gold mining success – DRDGold

By: Martin Creamer     5th February 2018 Acceptance of tough current realities was a prerequisite for gold mining success in South Africa currently, DRDGold CEO Niël Pretorius said on Monday. Speaking on day one of the Mining Indaba at a function to mark the 30th anniversary of the World Gold Council, Pretorius said that the simple... 

DRDGold thumbs nose at lower gold price as output ups earnings

By: Martin Creamer     1st February 2018 Gold tailings retreatment specialist DRDGold is set to report higher earnings on higher production that cocked a snook at the lower gold price in the six months to December 31. Earnings a share are poised to be between 14.16c and 14.64c for the six months ended December 31, compared with 0.6c for... 

Sibanye share price rises on gold tailings deal with DRDGold

By: Martin Creamer     22nd November 2017 The share price of Sibanye-Stillwater rose quickly and sharply on Wednesday on the news that the precious metals company had moved to create an industry-leading surface mining partnership with gold tailings retreatment company DRDGold. The proposed transaction, which saw the share price of... 

Resources Watch  

13th September 2017 Acid mine water used to recover gold from dumps; and, South African mining must be made globally competitive, says Motsepe 

Tailings-savvy DRDGold inviting collaboration, consolidation 

By: Martin Creamer     12th September 2017 Surface gold mining company DRDGold, the oldest company listed on the Johannesburg Stock Exchange with more experience than any other mining company in the recovery of gold from tailings dumps, believes that the time may have arrived for the transplanting of its remarkable expertise to other... 

Acid mine water used to recover gold from dumps – DRDGold 

By: Martin Creamer     6th September 2017 Acid mine drainage (AMD), which is water that has been polluted as a result of mining activity, is being used to relieve the cost burden of the large volume of water needed to recover gold from mine dump material, as well as lower the demand placed on scarce drinking water. Surface mining company... 

Expensive mine dump vegetation going up in flames – DRDGold 

By: Martin Creamer     5th September 2017 Surface mining company DRDGold, which has spent more money on vegetating tailings dams in the last ten years than it has paid dividends to shareholders, is seeing its dump vegetation effort going up in smoke at the same time as it comes under criticism from a leading nongovernmental organisation... 

DRDGold shrugs off challenges, declares final dividend

By: Martin Creamer     5th September 2017 Surface material gold mining company DRDGold on Tuesday declared a final dividend of 5c a share despite the challenging 12 months to June 30. DRDGold CEO Niël Pretorius described the company's exacting 2017 financial year as positioning the company well for the 2018 financial year and beyond. 

UK firm acquires 10% of DRDGold

By: Anine Kilian     29th May 2017 UK-based investment company Ruffer has acquired 10% of the total issued ordinary share capital of JSE-listed DRDGold. DRDGold, led by CEO Niel Pretorius, recovers gold from the retreatment of surface tailings. 

Resources Watch  

23rd February 2017 Gold Fields set for ‘year of reinvestment’, announces R2.28bn South Deep growth plan; DRDGold spends R26m in six months on environmental restoration; And, Kumba applying exploration-to-beneficiation technology 

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... 

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... 

Gold digger turns alchemist chasing billions hidden in waste

By: Bloomberg     21st September 2016 With gold output in South Africa mired in a multiyear decline, the country’s biggest producer is turning to an overlooked and cheaper source of supply: the dump. About 6.5-million ounces valued at $8.5-billion is buried inside mammoth mounds of discarded mine waste at sites owned by  Sibanye... 

Resources Watch  

8th September 2016 Platinum industry not mining anywhere near forecast demand Roodepoort Rocket back as DRDGold pays off-charts dividend And, mining project enquiries on the rise 

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. 

Resources Watch  

4th August 2016 World heading for shortage of physical gold; Fuel cell thrust continuing; And, supply and demand fundamentals remain challenging 

Resources Watch  

28th July 2016 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: De Beers partners with government to empower youth in diamond sector Local company outlines aspirations, challenges bigger players And,... 

World heading for shortage of physical gold – DRDGold  

By: Martin Creamer     25th July 2016 Confidence in the world order and the ability of governments to manipulate the value of fiat currency is seen to be diminishing, as is confidence in governments as credible sources of capital. What the world does in such circumstances is buy gold but there may not be enough gold to buy because of... 

Soaring DRDGold adds R14bn a year to economy as it turns waste to gold  

By: Martin Creamer     21st July 2016 By taking material that has been dumped as waste and turning it into gold, DRDGold is adding R14-billion worth of value a year to the South African economy and unlocking scarce real estate for gainful development, a visiting media contingent heard on Thursday. “[That is] R14-billion rands worth... 

Why Resources? Why Africa? Why Now?

31st May 2016 Hot commodities, crowd funding, emerging African territories and killer ingredients for deserving funding alternatives are just some of the headliners at this week’s 2016 Junior Indaba taking place at The Country Club, in Auckland Park Johannesburg.   In the spot light this week will be the South... 

DRDGold declares Q3 dividend

By: Natasha Odendaal     29th April 2016 Dual-listed DRDGold on Friday declared a dividend of 38c a share for the third quarter of the 2016 financial year. The group’s total distribution for the year to date was now 50c a share, when added to the 12c a share interim dividend declared in February, representing a 400% increase on the 10c... 

Drought likely to pose water challenges for mines in the medium term

By: Ilan Solomons     18th March 2016 There is no evidence of water supply concerns related to the current drought compromising mining operations in South Africa, the Department of Water and Sanitation (DWS) tells Mining Weekly. However, project management and engineering consultancy Royal HaskoningDHV mining director Berte Simons... 

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