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DRDGOLD Limited’s results for the second quarter and first half year
FY2016, the period ended 31 December 2015, will be released at or around 08:00 South African time on Tuesday, 16 February 2016 via SENS and the company’s website.
A results briefing with a simultaneous webcast will be held on Tuesday, 16 February 2016. Details will follow shortly.
Queries: James Duncan, Russell and Associates, +27 11 880 3924, firstname.lastname@example.org
DRDGOLD Limited (DRDGOLD) is a mid-tier, unhedged gold producer. The company is a world leader in the recovery of gold through the retreatment of surface tailings and DRDGOLD's strategy is to deploy its resources to extract as much gold as possible from its 11.2Moz surface resource.
In FY2014 the company provided jobs for 2 329 people, including 989 employees. The remaining 1 340 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management.
Ergo was established to recover and treat the 186Mt Elsburg resource on the eastern Witwatersrand. An extensive, inter-connected pipe network including a bespoke 50km pipeline enables tailings on the central and western Witwatersrand to be brought to account in an efficient and cost-effective operation.
ERPM Extensions 1 and 2: this 39Moz deep-level gold resource is owned by East Rand Proprietary Mines Limited (ERPM). The operation has been on care and maintenance since 2008 and has been sold to Walcot Capital, subject to certain suspensive conditions.