A world leader in surface gold tailings retreatment

COVID-19

For further information on COVID-19, please visit:

www.sacoronavirus.co.za

JSE: DRD ZAR 1027c -8.71% 31 March 2020 at 11:08am See detailed share price data and graphs

NYSE: DRD USD 5.85 -0.01% As at 30 March 2020, 22:02pm

GOLD USD/oz 1623.40 -0.28%

  ZAR/kg 936817.92 0.28%

Updated:30 March 2020 at 17:01pm

 

COVID-19 UPDATE: DRDGOLD’S RESPONSE TO THE NATIONAL LOCKDOWN

Early this morning I watched reports on BBC news regarding the escalation of the Coronavirus around the world. In many countries, the infection rate has overtaken the capacity of national health services.

DRDGOLD’s priority in dealing with COVID-19 is the health and safety of our employees.

Doctors and nurses are under immense pressure and are becoming infected and dying. In some countries, people seem oblivious to the risk, the fact that health services are collapsing notwithstanding. Their situation may soon become irreversible.

This is the situation that we need to avoid at all costs and the measures that South Africa’s President announced last night give us the best possible chance of doing so. Only by responding positively to his call will we avoid a catastrophe similar to what has befallen those that have left it too late.

It is important however that we don’t panic and that we come out in full support of the measures President Ramaphosa announced to curb the spread of the virus.

To this end, we will implement measures over the next few days to temporarily halt production and to place our operations in a state of care and maintenance whilst maintaining essential services.

We will do what is required to secure our assets, prevent any harm to the environment and ensure that we can start operations up again as seamlessly as we possibly can, once the lockdown is lifted.

We are now working toward a completely different set of goals than that which we set out to achieve at the beginning of the year. Our priorities now are staying healthy, keeping our families and loved ones safe and preserving our business.

It is essential that we have a business to return to, and more importantly, that we all return to our posts once this is over.  We are in a position to do this, having built up a solid cash position over the last 12 months.

I have called upon my colleagues throughout the company not to panic; rather, to be innovative, put the right plans in place, give their implementation their full support and continue to set the right example by demonstrating leadership.

It goes without saying that we will continue to encourage the practice of sound hygiene and social distancing.

All the best.

Niël Pretorius
Chief Executive Officer

24 March 2020

COVID-19: DRDGOLD'S position

CEO Niël Pretorius

COMMITS DRDGOLD

SUPPORT

Stop Abuse of Women video thumbnail

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Stop Abuse of Women

Gender-based violence and abuse of women is a national crisis in South Africa. Women, especially in mining communities, are often disempowered. DRDGOLD supports the call by the Minerals Council South Africa (MCSA) to stop the abuse of women in mining communities and our country as a whole.

The Minerals Council’s initiative launched on 8 March 2020 in support of International Women’s Day.

The subject of abuse is difficult for victims to raise, and often there is also a lack of understanding of what constitutes unacceptable behaviour by both men and women. Abuse can range from coercion to verbal harassment and physical violence.

Abuse of women is often unreported or unresolved. By creating effective mechanisms for safe and sensitive reporting, we can help give victims a voice. We want to encourage men and women to recognise abuse and to stand up against abusive behaviour.

Some 20% of DRDGOLD’s workforce is comprised of women. This is a far higher percentage than that of any other South African mining company, and therefore our duty to ensure the physical and emotional safety of all women is all the more a priority for us.

Niël Pretorius
CEO

CEO Niël Pretorius is interviewed by CRUX Investor, December 2019


CORPORATE PUBLICATIONS

121 Mining Investment Conference Investor presentation May/June 2019 Results for the six months ended 31 December 2018 Condensed consolidated unaudited interim results for the six months ended 31 December 2018 Investing in African Mining Indaba
 



DRDGOLD RELEASES RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019 AND DIVIDEND DECLARATION

12 FEBRUARY 2020

ABOUT DRDGOLD

DRDGOLD is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.

At the end of FY2018, DRDGOLD provided jobs for 2 304 people, including 878 permanent employees. The remaining 1 426 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2018, the company produced 150 423oz of gold, generated R2 490.4 million in revenue, spent R1 452.7 million on capital projects (property, plant, equipment, surface) and 191ha of rehabilated land were lodged for clearance for redevelopment. Mineral Resources of 7.3Moz and Mineral Reserves of 3.3Moz were declared



Mining for Schools website

This website, developed by the Minerals Council South Africa which supports and promotes the South African mining industry, provides resources for teachers and learners to reinforce, enhance and extend learning. The content aligns with the Grade 12 Economic Geography of South Africa: Mining section of the South African Department of Basic Education's Curriculum and Assessment Policy Statement (CAPS).

More available at: www.miningforschools.co.za