DRDGOLD Limited (DRDGOLD) is a medium-sized, unhedged gold producer, South Africa’s fourth-largest. In 2009, the company produced 247 690 ounces and declared Mineral Resources of 56.4 million ounces and Ore Reserves of 6.0 million ounces.
The company’s 74%-owned operating subsidiary is DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA). Black economic empowerment partner Khumo Gold SPV (Pty) Limited (Khumo Gold) holds 20% of DRDGOLD SA and the DRDSA Empowerment Trust, 6%.
DRDGOLD’s strategy in the short and medium term is to enhance shareholders’ value by:
Increasingly, the focus is on the recovery of lower-risk, lower-cost, higher-margin underground and surface ounces.